Pictet Asset Management Holding SA Sells 77,911 Shares of Prologis, Inc. $PLD

Pictet Asset Management Holding SA cut its stake in shares of Prologis, Inc. (NYSE:PLD) by 6.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,142,107 shares of the real estate investment trust’s stock after selling 77,911 shares during the quarter. Pictet Asset Management Holding SA owned 0.12% of Prologis worth $150,964,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in the stock. High Point Wealth Management LLC purchased a new position in Prologis in the fourth quarter worth $26,000. Ares Financial Consulting LLC purchased a new stake in Prologis during the fourth quarter valued at about $26,000. Eagle Bay Advisors LLC bought a new stake in Prologis during the fourth quarter worth about $27,000. SouthState Bank Corp lifted its stake in Prologis by 73.1% during the fourth quarter. SouthState Bank Corp now owns 225 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 95 shares during the last quarter. Finally, Hilton Head Capital Partners LLC purchased a new position in shares of Prologis in the 4th quarter worth about $29,000. Institutional investors own 93.50% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on PLD. Wall Street Zen cut Prologis from a “hold” rating to a “sell” rating in a report on Saturday. Scotiabank lowered Prologis from a “sector outperform” rating to a “sector perform” rating and cut their target price for the stock from $154.00 to $146.00 in a research note on Thursday, June 18th. Mizuho increased their price target on shares of Prologis from $143.00 to $150.00 and gave the company an “outperform” rating in a research report on Wednesday, April 22nd. Robert W. Baird lifted their price target on shares of Prologis from $133.00 to $136.00 and gave the stock a “neutral” rating in a research note on Friday, April 17th. Finally, Evercore set a $135.00 price objective on shares of Prologis in a report on Friday, April 17th. Fifteen equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $151.48.

Prologis Stock Up 0.1%

PLD opened at $140.11 on Monday. The company has a market cap of $130.63 billion, a P/E ratio of 35.29, a P/E/G ratio of 3.04 and a beta of 1.32. The business’s 50-day moving average price is $143.31 and its 200-day moving average price is $136.59. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.60. Prologis, Inc. has a 12 month low of $103.41 and a 12 month 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, beating analysts’ consensus estimates of $0.81 by $0.24. Prologis had a return on equity of 6.47% and a net margin of 41.54%.The company had revenue of $2.30 billion during the quarter, compared to analyst estimates of $2.12 billion. During the same quarter in the previous year, the company posted $1.43 EPS. Prologis’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. On average, equities analysts expect that Prologis, Inc. will post 6.17 EPS for the current year.

Prologis Announces Dividend

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 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend is Tuesday, June 16th. Prologis’s dividend payout ratio is 107.81%.

Insider Buying and Selling at Prologis

In other news, CFO Timothy D. Arndt sold 3,597 shares of the firm’s stock in a transaction that occurred on 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 legal filing with the SEC, which is accessible through this link. Company insiders own 0.52% of the company’s stock.

Prologis Company 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.