Timothy Arndt Sells 3,597 Shares of Prologis (NYSE:PLD) Stock

Prologis, Inc. (NYSE:PLD) CFO Timothy Arndt sold 3,597 shares of Prologis stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $150.00, for a total transaction of $539,550.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Prologis Stock Performance

PLD stock traded down $5.29 during trading on Wednesday, reaching $140.83. The company had a trading volume of 4,425,846 shares, compared to its average volume of 3,522,540. The firm has a 50-day simple moving average of $142.52 and a 200-day simple moving average of $135.85. The company has a market cap of $131.30 billion, a price-to-earnings ratio of 35.47, a price-to-earnings-growth ratio of 3.27 and a beta of 1.32. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.51 and a current ratio of 0.51. Prologis, Inc. has a twelve month low of $103.41 and a twelve month high of $150.18.

Prologis (NYSE:PLD) last posted its quarterly earnings data on Thursday, April 16th. The real estate investment trust reported $1.05 EPS 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 business had revenue of $2.30 billion during the quarter, compared to the consensus estimate of $2.12 billion. During the same period in the previous year, the firm posted $1.43 earnings per share. The business’s revenue for the quarter was up 6.9% compared to the same quarter last year. Prologis has set its FY 2026 guidance at 6.070-6.230 EPS. As a group, sell-side analysts expect that Prologis, Inc. will post 6.18 earnings per share for the current year.

Prologis Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 16th will be given a dividend of $1.07 per share. The ex-dividend date of this dividend is Tuesday, June 16th. This represents a $4.28 dividend on an annualized basis and a yield of 3.0%. Prologis’s payout ratio is currently 107.81%.

Analyst Upgrades and Downgrades

PLD has been the subject of a number of research reports. Weiss Ratings raised Prologis from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, May 1st. Mizuho lifted their target price on Prologis from $143.00 to $150.00 and gave the stock an “outperform” rating in a report on Wednesday, April 22nd. BTIG Research reaffirmed a “buy” rating and set a $155.00 target price on shares of Prologis in a report on Wednesday, April 15th. Citigroup lifted their price objective on shares of Prologis from $145.00 to $165.00 and gave the company a “buy” rating in a research note on Tuesday, April 21st. Finally, Argus lifted their price objective on shares of Prologis from $135.00 to $152.00 and gave the company a “buy” rating in a research note on Friday, April 17th. Sixteen investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Prologis presently has an average rating of “Moderate Buy” and an average price target of $151.86.

Hedge Funds Weigh In On Prologis

Several institutional investors and hedge funds have recently modified their holdings of the stock. High Note Wealth LLC raised its holdings in Prologis by 43.9% in the 4th quarter. High Note Wealth LLC now owns 249 shares of the real estate investment trust’s stock worth $32,000 after purchasing an additional 76 shares during the period. Hibernia Wealth Partners LLC raised its holdings in Prologis by 2.5% in the 1st quarter. Hibernia Wealth Partners LLC now owns 3,070 shares of the real estate investment trust’s stock worth $406,000 after purchasing an additional 76 shares during the period. Quadrant Private Wealth Management LLC raised its stake in shares of Prologis by 4.4% during the 1st quarter. Quadrant Private Wealth Management LLC now owns 1,818 shares of the real estate investment trust’s stock worth $240,000 after buying an additional 77 shares during the period. Dakota Community Bank & Trust NA raised its stake in shares of Prologis by 3.4% during the 4th quarter. Dakota Community Bank & Trust NA now owns 2,398 shares of the real estate investment trust’s stock worth $306,000 after buying an additional 79 shares during the period. Finally, Dearborn Partners LLC raised its stake in shares of Prologis by 4.2% during the 4th quarter. Dearborn Partners LLC now owns 1,969 shares of the real estate investment trust’s stock worth $251,000 after buying an additional 79 shares during the period. Institutional investors and hedge funds own 93.50% 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.