Prologis, Inc. $PLD Shares Sold by Westwind Capital

Westwind Capital cut its stake in shares of Prologis, Inc. (NYSE:PLD) by 49.0% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 60,858 shares of the real estate investment trust’s stock after selling 58,569 shares during the quarter. Prologis comprises approximately 1.9% of Westwind Capital’s investment portfolio, making the stock its 19th largest holding. Westwind Capital’s holdings in Prologis were worth $7,902,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the stock. Solstein Capital LLC acquired a new position in shares of Prologis in the second quarter worth approximately $25,000. Manning & Napier Advisors LLC acquired a new position in shares of Prologis in the 2nd quarter worth approximately $25,000. Clearstead Trust LLC bought a new stake in shares of Prologis in the 2nd quarter valued at $28,000. Hilton Head Capital Partners LLC acquired a new stake in shares of Prologis during the fourth quarter worth $29,000. Finally, Johnson Financial Group Inc. bought a new position in Prologis during the second quarter worth $29,000. Institutional investors own 93.50% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on PLD. Raymond James Financial initiated coverage on shares of Prologis in a research report on Thursday, June 18th. They set a “market perform” rating on the stock. Wells Fargo & Company dropped their price objective on Prologis from $167.00 to $166.00 and set an “overweight” rating on the stock in a research note on Tuesday, September 1st. Robert W. Baird set a $140.00 target price on Prologis in a research note on Friday, July 31st. Weiss Ratings downgraded Prologis from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday, August 26th. Finally, Mizuho boosted their price target on Prologis from $150.00 to $159.00 and gave the company an “outperform” rating in a research note on Friday, July 17th. Sixteen analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Prologis currently has an average rating of “Moderate Buy” and an average target price of $154.52.

More Prologis News

Here are the key news stories impacting Prologis this week:

• Positive Sentiment: Analysts remain focused on resilient warehouse demand from retailers and logistics operators. Prologis’s strategically located properties and high operating margins support its competitive advantage and long-term pricing power. Can Warehouse Demand Keep Prologis Strong Into Earnings?
• Positive Sentiment: Growing data-center demand is viewed as another potential growth driver for Prologis, although the opportunity remains subject to infrastructure and power availability. Prologis Eyes Earnings as Data Center Demand Builds
• Positive Sentiment: Prologis was highlighted in a dividend-stock roundup, reinforcing its appeal to income-oriented investors because its rental revenue is supported by contractual leases and relatively visible cash flow. 5 Monthly Dividend Stocks That Could Turn Your Portfolio Into a Second Paycheck
• Neutral Sentiment: Prologis is scheduled to announce quarterly results on Thursday. Investors are likely watching funds from operations, occupancy, leasing spreads, development activity and updated guidance for confirmation that demand remains strong. Prologis Set to Announce Earnings on Thursday
• Negative Sentiment: Texas limits on power availability for data centers could delay or restrict some projects, creating uncertainty around Prologis’s ability to capitalize on rising data-center demand. The risk appears specific to development timing rather than an immediate threat to the broader warehouse portfolio. What Does Prologis Risk From Texas Data Center Power Limits?

Prologis Stock Up 1.5%

Shares of PLD stock traded up $1.97 on Thursday, reaching $129.27. 4,222,958 shares of the company were exchanged, compared to its average volume of 3,759,194. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.70 and a quick ratio of 0.70. The company has a 50-day moving average of $137.05 and a 200-day moving average of $139.92. The company has a market cap of $120.62 billion, a price-to-earnings ratio of 28.79 and a beta of 1.31. Prologis, Inc. has a one year low of $111.03 and a one year high of $153.35.

Prologis (NYSE:PLD) last posted its quarterly earnings results on Thursday, July 16th. The real estate investment trust reported $1.13 earnings per share for the quarter, topping analysts’ consensus estimates of $0.75 by $0.38. Prologis had a return on equity of 7.29% and a net margin of 45.79%.The business had revenue of $2.43 billion for the quarter, compared to the consensus estimate of $2.16 billion. During the same period in the prior year, the business earned $1.46 EPS. The firm’s revenue for the quarter was up 11.0% on a year-over-year basis. Prologis has set its FY 2026 guidance at 6.220-6.300 EPS. Analysts anticipate that Prologis, Inc. will post 6.27 earnings per share for the current year.

Prologis Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Wednesday, September 16th were given a $1.07 dividend. The ex-dividend date of this dividend was Wednesday, September 16th. This represents a $4.28 annualized dividend and a yield of 3.3%. Prologis’s dividend payout ratio (DPR) is presently 95.32%.

Prologis Company Profile

Prologis, Inc (NYSE: PLD) is a global logistics real estate company that owns, develops, acquires and manages distribution facilities, warehouses and other properties used throughout the supply chain. Its portfolio serves manufacturers, retailers, transportation providers and third-party logistics companies.

The company provides logistics real estate and related services in key markets across North America, Europe, Asia and Latin America. Its properties are generally located near major population centers, transportation hubs, ports and trade corridors, supporting e-commerce, industrial and distribution operations.

Prologis traces its roots to 1983 and was created in its current form through the 1999 merger of ProLogis and Security Capital Industrial Trust.