Aristotle Atlantic Partners LLC Sells 116,413 Shares of Prologis, Inc. $PLD

Aristotle Atlantic Partners LLC lowered its holdings in shares of Prologis, Inc. (NYSE:PLD) by 43.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 152,830 shares of the real estate investment trust’s stock after selling 116,413 shares during the period. Aristotle Atlantic Partners LLC’s holdings in Prologis were worth $19,510,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. High Point Wealth Management LLC bought a new stake in Prologis during the fourth quarter worth about $26,000. Ares Financial Consulting LLC bought a new stake in Prologis during the fourth quarter worth about $26,000. Eagle Bay Advisors LLC bought a new stake in Prologis during the fourth quarter worth about $27,000. SouthState Bank Corp boosted 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 acquiring an additional 95 shares in the last quarter. Finally, Hilton Head Capital Partners LLC bought a new stake in Prologis during the fourth quarter worth about $29,000. Institutional investors own 93.50% of the company’s stock.

Insider Activity at Prologis

In related 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 available at this link. Insiders own 0.52% of the company’s stock.

Prologis Stock Down 3.6%

Prologis stock opened at $140.83 on Thursday. The firm has a market cap of $131.30 billion, a price-to-earnings ratio of 35.47, a PEG ratio of 3.21 and a beta of 1.32. The stock has a fifty day simple moving average of $142.69 and a two-hundred day simple moving average of $135.94. Prologis, Inc. has a 12 month low of $103.41 and a 12 month high of $150.18. 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 (NYSE:PLD) last posted its earnings results on Thursday, April 16th. The real estate investment trust reported $1.05 EPS for the quarter, topping analysts’ consensus estimates of $0.81 by $0.24. The business had revenue of $2.30 billion during the quarter, compared to analyst estimates of $2.12 billion. Prologis had a return on equity of 6.47% and a net margin of 41.54%.The company’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same quarter last year, the company earned $1.43 EPS. Prologis has set its FY 2026 guidance at 6.070-6.230 EPS. Equities analysts predict that Prologis, Inc. will post 6.18 EPS for the current fiscal year.

Prologis Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 16th will be issued a $1.07 dividend. The ex-dividend date of this dividend is Tuesday, June 16th. This represents a $4.28 dividend on an annualized basis and a dividend yield of 3.0%. Prologis’s dividend payout ratio (DPR) is presently 107.81%.

Analyst Ratings Changes

Several equities research analysts recently commented on PLD shares. Evercore set a $135.00 price objective on shares of Prologis in a research note on Friday, April 17th. Citigroup lifted their price target on Prologis from $145.00 to $165.00 and gave the stock a “buy” rating in a research report on Tuesday, April 21st. JPMorgan Chase & Co. lifted their price target on Prologis from $141.00 to $157.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 21st. Argus lifted their price target on Prologis from $135.00 to $152.00 and gave the stock a “buy” rating in a research report on Friday, April 17th. Finally, BTIG Research reaffirmed a “buy” rating and issued a $155.00 price target on shares of Prologis in a research report on Wednesday, April 15th. Sixteen equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, Prologis presently has an average rating of “Moderate Buy” and an average price target of $151.86.

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.