Allworth Financial LP Has $31.24 Million Position in Prologis, Inc. $PLD

Allworth Financial LP cut its stake in Prologis, Inc. (NYSE:PLD) by 2.0% during the 2nd quarter, Holdings Channel.com reports. The firm owned 230,599 shares of the real estate investment trust’s stock after selling 4,806 shares during the period. Allworth Financial LP’s holdings in Prologis were worth $31,239,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also added to or reduced their stakes in PLD. Manning & Napier Advisors LLC bought a new stake in shares of Prologis in the second quarter valued at about $25,000. Solstein Capital LLC acquired a new position in Prologis during the second quarter valued at approximately $25,000. Clearstead Trust LLC bought a new stake in shares of Prologis during the 2nd quarter worth $28,000. Johnson Financial Group Inc. acquired a new stake in shares of Prologis in the 2nd quarter valued at approximately $29,000. Finally, SouthState Bank Corp boosted its position 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 buying an additional 95 shares in the last quarter. 93.50% of the stock is owned by institutional investors and hedge funds.

Prologis Price Performance

Shares of NYSE PLD traded up $1.25 during midday trading on Tuesday, hitting $138.59. 2,638,698 shares of the company’s stock were exchanged, compared to its average volume of 3,764,379. The business’s fifty day moving average price is $142.03 and its two-hundred day moving average price is $140.56. The company has a market cap of $129.32 billion, a price-to-earnings ratio of 30.87 and a beta of 1.30. Prologis, Inc. has a 12-month low of $110.60 and a 12-month high of $153.35. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.63.

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

Prologis Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 16th will be given a dividend of $1.07 per share. This represents a $4.28 annualized dividend and a yield of 3.1%. The ex-dividend date is Wednesday, September 16th. Prologis’s dividend payout ratio is presently 95.32%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on PLD shares. Morgan Stanley boosted their price target on Prologis from $135.00 to $151.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 26th. Raymond James Financial initiated coverage on Prologis in a research report on Thursday, June 18th. They set a “market perform” rating on the stock. Mizuho raised their price target on shares of Prologis from $150.00 to $159.00 and gave the stock an “outperform” rating in a report on Friday, July 17th. Wall Street Zen upgraded Prologis from a “sell” rating to a “hold” rating in a report on Saturday, July 18th. Finally, BTIG Research raised their price target on shares of Prologis from $160.00 to $170.00 and gave the company a “buy” rating in a research report on Wednesday, July 1st. Sixteen analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $154.52.

Insider Buying and Selling at Prologis

In related news, CFO Timothy Arndt sold 3,597 shares of the firm’s 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 SEC, which can be accessed through this hyperlink. Company insiders own 0.52% of the company’s stock.

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.