Prologis, Inc. $PLD Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC trimmed its stake in Prologis, Inc. (NYSE:PLD) by 5.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 100,595 shares of the real estate investment trust’s stock after selling 5,816 shares during the period. Mutual of America Capital Management LLC’s holdings in Prologis were worth $11,520,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Norges Bank purchased a new position in shares of Prologis during the second quarter worth about $1,288,936,000. Franklin Resources Inc. boosted its position in shares of Prologis by 216.0% in the 2nd quarter. Franklin Resources Inc. now owns 10,050,843 shares of the real estate investment trust’s stock valued at $1,056,545,000 after purchasing an additional 6,870,479 shares during the period. State Street Corp grew its stake in Prologis by 1.9% during the 2nd quarter. State Street Corp now owns 58,640,842 shares of the real estate investment trust’s stock worth $6,164,325,000 after buying an additional 1,088,544 shares during the last quarter. Balyasny Asset Management L.P. increased its position in Prologis by 11,585.8% during the second quarter. Balyasny Asset Management L.P. now owns 882,398 shares of the real estate investment trust’s stock worth $92,758,000 after buying an additional 874,847 shares during the period. Finally, Amundi lifted its stake in Prologis by 17.0% in the second quarter. Amundi now owns 4,630,744 shares of the real estate investment trust’s stock valued at $501,556,000 after buying an additional 673,861 shares during the last quarter. 93.50% of the stock is owned by hedge funds and other institutional investors.

Prologis Stock Down 0.5%

PLD stock opened at $126.50 on Tuesday. The stock has a market capitalization of $117.50 billion, a PE ratio of 36.88, a price-to-earnings-growth ratio of 3.71 and a beta of 1.40. The company has a fifty day moving average of $128.44 and a 200-day moving average of $119.48. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.64 and a current ratio of 0.19. Prologis, Inc. has a one year low of $85.35 and a one year high of $134.94.

Prologis (NYSE:PLD) last posted its quarterly earnings results on Wednesday, January 21st. The real estate investment trust reported $1.44 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.44. The firm had revenue of $2.25 billion during the quarter, compared to analysts’ expectations of $2.09 billion. Prologis had a net margin of 37.86% and a return on equity of 6.64%. The firm’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same period in the prior year, the company posted $1.42 earnings per share. Prologis has set its FY 2026 guidance at 6.000-6.200 EPS. As a group, analysts expect that Prologis, Inc. will post 5.73 EPS for the current year.

Prologis Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 16th were issued a $1.01 dividend. This represents a $4.04 annualized dividend and a dividend yield of 3.2%. The ex-dividend date of this dividend was Tuesday, December 16th. Prologis’s dividend payout ratio (DPR) is currently 113.80%.

Insider Buying and Selling at Prologis

In related news, Director Cristina Gabriela Bita sold 621 shares of the company’s stock in a transaction on Monday, December 1st. The stock was sold at an average price of $127.60, for a total transaction of $79,239.60. Following the transaction, the director owned 8,208 shares of the company’s stock, valued at $1,047,340.80. This represents a 7.03% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.57% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

PLD has been the topic of a number of research reports. Wells Fargo & Company raised their target price on shares of Prologis from $120.00 to $139.00 and gave the stock an “overweight” rating in a research report on Monday, October 27th. Evercore ISI increased their price target on shares of Prologis from $118.00 to $121.00 and gave the stock an “in-line” rating in a research note on Thursday, January 22nd. Scotiabank upgraded shares of Prologis from a “sector perform” rating to a “sector outperform” rating and lifted their price objective for the company from $133.00 to $146.00 in a research note on Wednesday, January 14th. Freedom Capital cut shares of Prologis from a “strong-buy” rating to a “hold” rating in a report on Friday. Finally, Argus raised their price target on Prologis from $128.00 to $135.00 and gave the stock a “buy” rating in a report on Thursday, January 22nd. Thirteen research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $134.22.

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.