Prologis, Inc. $PLD Shares Sold by Cannell & Spears LLC

Cannell & Spears LLC lessened its holdings in Prologis, Inc. (NYSE:PLD) by 20.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 235,058 shares of the real estate investment trust’s stock after selling 59,958 shares during the quarter. Cannell & Spears LLC’s holdings in Prologis were worth $30,467,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. High Point Wealth Management LLC acquired a new stake in shares of Prologis in the 4th quarter valued at approximately $26,000. Ares Financial Consulting LLC purchased a new stake in shares of Prologis in the fourth quarter valued at approximately $26,000. Eagle Bay Advisors LLC acquired a new position in Prologis during the fourth quarter worth $27,000. SouthState Bank Corp raised 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 worth $29,000 after acquiring an additional 95 shares in the last quarter. Finally, Hilton Head Capital Partners LLC purchased a new position in Prologis in the fourth quarter worth $29,000. Institutional investors and hedge funds own 93.50% of the company’s stock.

More Prologis News

Here are the key news stories impacting Prologis this week:

• Positive Sentiment: Segro’s board said it would recommend Prologis’s final $18.7 billion takeover bid, a sign the deal is gaining traction and could expand Prologis’s portfolio and long-term growth prospects. Article Title
• Positive Sentiment: Scotiabank raised its price target on Prologis to $150 from $146, while Truist boosted its target to $162, reflecting improved analyst confidence in the stock’s valuation. Article Title
• Positive Sentiment: Recent commentary highlighted Prologis as potentially undervalued after its earnings beat and raised guidance, reinforcing optimism around earnings momentum and fundamentals. Article Title
• Neutral Sentiment: Additional articles noted renewed investor attention on logistics and data-center themes, but these were more thematic than company-specific and did not include new financial results or formal guidance changes. Article Title

Wall Street Analyst Weigh In

PLD has been the topic of several research analyst reports. BMO Capital Markets decreased their target price on shares of Prologis from $162.00 to $158.00 and set an “outperform” rating on the stock in a research report on Monday, June 29th. DA Davidson increased their price target on shares of Prologis from $140.00 to $160.00 and gave the company a “buy” rating in a report on Tuesday, April 21st. BNP Paribas Exane raised their price objective on shares of Prologis from $140.00 to $150.00 and gave the company an “outperform” rating in a research note on Friday, April 17th. Jefferies Financial Group decreased their price objective on shares of Prologis from $157.00 to $155.00 and set a “buy” rating on the stock in a report on Tuesday, April 14th. Finally, Raymond James Financial initiated coverage on shares of Prologis in a report on Thursday, June 18th. They set a “market perform” rating on the stock. Fifteen investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $153.81.

Insiders Place Their Bets

In other Prologis news, CFO Timothy D. Arndt sold 3,597 shares of Prologis stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $150.00, for a total transaction of $539,550.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.52% of the company’s stock.

Prologis Stock Up 1.6%

PLD opened at $147.43 on Friday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.51 and a current ratio of 0.27. The company has a market cap of $137.45 billion, a price-to-earnings ratio of 32.84 and a beta of 1.32. Prologis, Inc. has a one year low of $103.41 and a one year high of $153.35. The business’s fifty day moving average is $143.56 and its two-hundred day moving average is $138.55.

Prologis (NYSE:PLD) last announced its quarterly earnings results on Thursday, July 16th. The real estate investment trust reported $1.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.75 by $0.38. The business had revenue of $2.43 billion during the quarter, compared to analysts’ expectations of $2.16 billion. Prologis had a return on equity of 7.29% and a net margin of 45.79%.The business’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same quarter last year, the business posted $1.46 earnings per share. Prologis has set its FY 2026 guidance at 6.220-6.300 EPS. Analysts anticipate that Prologis, Inc. will post 6.28 EPS for the current fiscal year.

Prologis Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 16th were issued a dividend of $1.07 per share. This represents a $4.28 annualized dividend and a yield of 2.9%. The ex-dividend date was Tuesday, June 16th. Prologis’s dividend payout ratio (DPR) is 95.32%.

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.