AEGON ASSET MANAGEMENT UK Plc Decreases Stock Holdings in Prologis, Inc. $PLD

AEGON ASSET MANAGEMENT UK Plc trimmed its position in shares of Prologis, Inc. (NYSE:PLD) by 20.6% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 116,767 shares of the real estate investment trust’s stock after selling 30,289 shares during the quarter. AEGON ASSET MANAGEMENT UK Plc’s holdings in Prologis were worth $15,435,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of PLD. High Point Wealth Management LLC bought a new position in shares of Prologis during the 4th quarter worth approximately $26,000. Ares Financial Consulting LLC purchased a new stake in Prologis during the fourth quarter valued at approximately $26,000. Eagle Bay Advisors LLC purchased a new stake in Prologis during the fourth quarter valued at approximately $27,000. SouthState Bank Corp boosted its stake in Prologis by 73.1% in the fourth quarter. SouthState Bank Corp now owns 225 shares of the real estate investment trust’s stock valued at $29,000 after acquiring an additional 95 shares in the last quarter. Finally, Hilton Head Capital Partners LLC acquired a new stake in Prologis in the fourth quarter valued at approximately $29,000. 93.50% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Prologis

In other news, CFO Timothy D. Arndt sold 3,597 shares of the business’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $150.00, for a total transaction of $539,550.00. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.52% of the stock is owned by company insiders.

Prologis Stock Performance

Shares of Prologis stock opened at $140.63 on Friday. The company has a 50 day moving average price of $142.91 and a 200 day moving average price of $136.05. The firm has a market capitalization of $131.11 billion, a P/E ratio of 35.42, a PEG ratio of 3.09 and a beta of 1.32. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 0.60. Prologis, Inc. has a 52 week low of $103.41 and a 52 week high of $150.18.

Prologis (NYSE:PLD) last released its earnings results on Thursday, April 16th. The real estate investment trust reported $1.05 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.24. Prologis had a net margin of 41.54% and a return on equity of 6.47%. The company had revenue of $2.30 billion for the quarter, compared to the consensus estimate of $2.12 billion. During the same quarter in the previous year, the firm earned $1.43 EPS. Prologis’s revenue was up 6.9% compared to the same quarter last year. Prologis has set its FY 2026 guidance at 6.070-6.230 EPS. Sell-side analysts expect that Prologis, Inc. will post 6.18 EPS for the current year.

Prologis Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 16th will be paid a dividend of $1.07 per share. This represents a $4.28 annualized dividend and a dividend yield of 3.0%. The ex-dividend date is Tuesday, June 16th. Prologis’s payout ratio is presently 107.81%.

Analysts Set New Price Targets

PLD has been the topic of several analyst reports. Jefferies Financial Group cut their price target on shares of Prologis from $157.00 to $155.00 and set a “buy” rating on the stock in a report on Tuesday, April 14th. The Goldman Sachs Group reiterated a “neutral” rating and set a $157.00 price objective on shares of Prologis in a report on Friday, April 17th. Robert W. Baird raised their price objective on Prologis from $133.00 to $136.00 and gave the stock a “neutral” rating in a research report on Friday, April 17th. BNP Paribas Exane boosted their target price on Prologis from $140.00 to $150.00 and gave the stock an “outperform” rating in a research note on Friday, April 17th. Finally, Wells Fargo & Company upped their target price on Prologis from $155.00 to $167.00 and gave the company an “overweight” rating in a research report on Monday, June 1st. Fifteen research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Prologis presently has a consensus rating of “Moderate Buy” and an average target price of $151.48.

Prologis Profile

Prologis, Inc is a real estate investment trust (REIT) specializing in logistics and distribution facilities. The company focuses on acquiring, developing, and managing high-quality industrial real estate assets that support supply chain infrastructure for third-party logistics providers, e-commerce businesses, retailers and manufacturers. Its portfolio primarily consists of warehouse and distribution centers designed to optimize goods movement and storage near key transportation hubs.

With a global presence, Prologis serves customers across the Americas, Europe and Asia Pacific.