Prologis, Inc. $PLD Shares Sold by Adams Diversified Equity Fund Inc.

Adams Diversified Equity Fund Inc. lessened its position in shares of Prologis, Inc. (NYSE:PLD) by 10.6% during the first quarter, HoldingsChannel reports. The institutional investor owned 142,000 shares of the real estate investment trust’s stock after selling 16,800 shares during the quarter. Adams Diversified Equity Fund Inc.’s holdings in Prologis were worth $18,770,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in Prologis in the fourth quarter valued at approximately $1,589,125,000. Cardano Risk Management B.V. grew its position in shares of Prologis by 999.3% during the fourth quarter. Cardano Risk Management B.V. now owns 11,228,730 shares of the real estate investment trust’s stock worth $1,433,460,000 after acquiring an additional 10,207,267 shares during the last quarter. Swedbank AB grew its position in shares of Prologis by 36.2% during the fourth quarter. Swedbank AB now owns 7,664,583 shares of the real estate investment trust’s stock worth $978,461,000 after acquiring an additional 2,038,329 shares during the last quarter. Bessemer Group Inc. increased its holdings in shares of Prologis by 8,000.9% in the 4th quarter. Bessemer Group Inc. now owns 1,595,963 shares of the real estate investment trust’s stock valued at $203,741,000 after acquiring an additional 1,576,262 shares during the period. Finally, Vanguard Group Inc. increased its holdings in shares of Prologis by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 123,323,290 shares of the real estate investment trust’s stock valued at $15,743,451,000 after acquiring an additional 1,258,407 shares during the period. Institutional investors and hedge funds own 93.50% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on PLD shares. Raymond James Financial began coverage on shares of Prologis in a research report on Thursday, June 18th. They issued a “market perform” rating for the company. Scotiabank downgraded shares of Prologis from a “sector outperform” rating to a “sector perform” rating and lowered their price objective for the stock from $154.00 to $146.00 in a research report on Thursday, June 18th. Mizuho lifted their price objective on shares of Prologis from $143.00 to $150.00 and gave the company an “outperform” rating in a research note on Wednesday, April 22nd. Bank of America upped their target price on shares of Prologis from $153.00 to $162.00 and gave the company a “buy” rating in a report on Monday, April 20th. Finally, Evercore set a $135.00 target price on shares of Prologis in a research note on Friday, April 17th. Fifteen investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to MarketBeat, Prologis presently has an average rating of “Moderate Buy” and a consensus price target of $151.48.

Insider Activity at Prologis

In other news, CFO Timothy D. Arndt sold 3,597 shares of Prologis stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $150.00, for a total value of $539,550.00. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 0.52% of the company’s stock.

Prologis Price Performance

Prologis stock opened at $140.11 on Friday. Prologis, Inc. has a 12 month low of $103.41 and a 12 month high of $150.18. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.51 and a quick ratio of 0.51. The business has a 50 day simple moving average of $143.31 and a 200-day simple moving average of $136.52. The stock has a market capitalization of $130.63 billion, a PE ratio of 35.29, a price-to-earnings-growth ratio of 3.04 and a beta of 1.32.

Prologis (NYSE:PLD) last issued its quarterly 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 return on equity of 6.47% and a net margin of 41.54%.The firm had revenue of $2.30 billion during the quarter, compared to the consensus estimate of $2.12 billion. During the same period last year, the company earned $1.43 earnings per share. The company’s revenue for the quarter was up 6.9% on a year-over-year basis. Prologis has set its FY 2026 guidance at 6.070-6.230 EPS. Equities analysts predict that Prologis, Inc. will post 6.17 earnings per share for the current year.

Prologis Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 16th will be paid a $1.07 dividend. This represents a $4.28 annualized dividend and a dividend yield of 3.1%. The ex-dividend date is Tuesday, June 16th. Prologis’s dividend payout ratio (DPR) is 107.81%.

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.