Prologis, Inc. $PLD Shares Sold by Hilltop Holdings Inc.

Hilltop Holdings Inc. cut its position in Prologis, Inc. (NYSE:PLD) by 88.6% in the 1st quarter, Holdings Channel.com reports. The firm owned 3,606 shares of the real estate investment trust’s stock after selling 28,090 shares during the quarter. Hilltop Holdings Inc.’s holdings in Prologis were worth $477,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. Nvwm LLC raised its holdings in Prologis by 6,069.7% in the fourth quarter. Nvwm LLC now owns 15,486 shares of the real estate investment trust’s stock valued at $1,977,000 after acquiring an additional 15,235 shares in the last quarter. Schnieders Capital Management LLC. grew its holdings in Prologis by 45.4% during the 2nd quarter. Schnieders Capital Management LLC. now owns 10,728 shares of the real estate investment trust’s stock worth $1,128,000 after acquiring an additional 3,350 shares in the last quarter. Prime Capital Investment Advisors LLC grew its holdings in Prologis by 98.8% during the 4th quarter. Prime Capital Investment Advisors LLC now owns 23,837 shares of the real estate investment trust’s stock worth $3,043,000 after acquiring an additional 11,846 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd increased its position in shares of Prologis by 4.8% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 335,187 shares of the real estate investment trust’s stock worth $42,790,000 after purchasing an additional 15,335 shares during the last quarter. Finally, Meritage Portfolio Management increased its position in shares of Prologis by 45.7% in the 4th quarter. Meritage Portfolio Management now owns 27,889 shares of the real estate investment trust’s stock worth $3,560,000 after purchasing an additional 8,747 shares during the last quarter. 93.50% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently commented on PLD. Jefferies Financial Group reduced their price target on shares of Prologis from $157.00 to $155.00 and set a “buy” rating on the stock in a research report on Tuesday, April 14th. Truist Financial boosted their price objective on Prologis from $154.00 to $162.00 and gave the company a “buy” rating in a report on Tuesday, July 21st. Weiss Ratings upgraded Prologis from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, May 1st. BTIG Research increased their target price on Prologis from $160.00 to $170.00 and gave the stock a “buy” rating in a report on Wednesday, July 1st. Finally, Argus increased their target price on Prologis from $135.00 to $152.00 and gave the stock a “buy” rating in a report on Friday, April 17th. Fifteen equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average 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 the firm’s 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 at this link. 0.52% of the stock is currently owned by company insiders.

Prologis Stock Down 0.3%

Shares of NYSE:PLD opened at $147.18 on Tuesday. The stock has a market capitalization of $137.22 billion, a price-to-earnings ratio of 32.78 and a beta of 1.32. Prologis, Inc. has a 1-year low of $103.41 and a 1-year high of $153.35. The company’s fifty day moving average is $143.66 and its two-hundred day moving average is $138.75. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.51 and a current ratio of 0.27.

Prologis (NYSE:PLD) last posted its quarterly earnings results 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. Prologis had a net margin of 45.79% and a return on equity of 7.29%. The company had revenue of $2.43 billion for the quarter, compared to the consensus estimate of $2.16 billion. During the same period last year, the firm posted $1.46 EPS. The company’s revenue for the quarter was up 11.0% on a year-over-year basis. Prologis has set its FY 2026 guidance at 6.220-6.300 EPS. Equities analysts anticipate that Prologis, Inc. will post 6.28 EPS for the current year.

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.