Prologis, Inc. $PLD Shares Sold by Moran Wealth Management LLC

Moran Wealth Management LLC trimmed its position in Prologis, Inc. (NYSE:PLD) by 26.6% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 24,792 shares of the real estate investment trust’s stock after selling 8,995 shares during the period. Moran Wealth Management LLC’s holdings in Prologis were worth $3,277,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of PLD. IRON Financial LLC acquired a new stake in shares of Prologis in the 1st quarter worth $211,000. PFG Investments LLC lifted its position in Prologis by 7.1% in the first quarter. PFG Investments LLC now owns 18,985 shares of the real estate investment trust’s stock valued at $2,509,000 after purchasing an additional 1,255 shares during the period. Turtle Creek Wealth Advisors LLC lifted its position in Prologis by 5.6% in the first quarter. Turtle Creek Wealth Advisors LLC now owns 42,049 shares of the real estate investment trust’s stock valued at $5,558,000 after purchasing an additional 2,221 shares during the period. Private Advisor Group LLC boosted its holdings in Prologis by 8.0% in the 1st quarter. Private Advisor Group LLC now owns 50,564 shares of the real estate investment trust’s stock valued at $6,684,000 after purchasing an additional 3,742 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd purchased a new stake in Prologis in the 1st quarter valued at approximately $7,298,000. 93.50% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on PLD shares. Evercore set a $135.00 target price on Prologis in a research note on Friday, April 17th. BNP Paribas Exane lifted their price target on Prologis from $140.00 to $150.00 and gave the company an “outperform” rating in a research note on Friday, April 17th. JPMorgan Chase & Co. upped their price objective on Prologis from $141.00 to $157.00 and gave the stock an “overweight” rating in a report on Tuesday, April 21st. Wall Street Zen cut Prologis from a “hold” rating to a “sell” rating in a research report on Saturday, June 27th. Finally, Jefferies Financial Group reduced their target price on Prologis from $157.00 to $155.00 and set a “buy” rating for the company in a report on Tuesday, April 14th. Fifteen research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Prologis has a consensus rating of “Moderate Buy” and a consensus target price of $152.00.

Insider Buying and Selling

In related news, CFO Timothy D. Arndt sold 3,597 shares of the stock in a transaction dated 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 through this hyperlink. Insiders own 0.52% of the company’s stock.

Prologis Price Performance

Shares of NYSE:PLD opened at $139.21 on Monday. The firm has a market capitalization of $129.79 billion, a price-to-earnings ratio of 35.07 and a beta of 1.32. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.51 and a quick ratio of 0.51. The business’s 50 day simple moving average is $142.78 and its 200-day simple moving average is $136.88. Prologis, Inc. has a 12 month low of $103.41 and a 12 month high of $150.18.

Prologis (NYSE:PLD) last issued its quarterly earnings data on Thursday, April 16th. The real estate investment trust reported $1.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.24. The firm had revenue of $2.30 billion during the quarter, compared to analysts’ expectations of $2.12 billion. Prologis had a return on equity of 6.47% and a net margin of 41.54%.Prologis’s revenue was up 6.9% on a year-over-year basis. During the same period in the previous year, the firm posted $1.43 earnings per share. Prologis has set its FY 2026 guidance at 6.070-6.230 EPS. As a group, equities analysts forecast that Prologis, Inc. will post 6.17 earnings per share for the current fiscal year.

Prologis Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 16th were given a $1.07 dividend. The ex-dividend date was Tuesday, June 16th. This represents a $4.28 annualized dividend and a dividend yield of 3.1%. Prologis’s payout ratio is currently 107.81%.

About Prologis

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.