Kentucky Retirement Systems Sells 17,064 Shares of Prologis, Inc. $PLD

Kentucky Retirement Systems decreased its holdings in shares of Prologis, Inc. (NYSE:PLD) by 29.3% in the 1st quarter, HoldingsChannel.com reports. The fund owned 41,175 shares of the real estate investment trust’s stock after selling 17,064 shares during the quarter. Kentucky Retirement Systems’ holdings in Prologis were worth $5,443,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in PLD. High Point Wealth Management LLC acquired a new stake in shares of Prologis during the fourth quarter worth $26,000. Ares Financial Consulting LLC bought a new stake in Prologis in the fourth quarter valued at about $26,000. Eagle Bay Advisors LLC acquired a new position in Prologis in the fourth quarter valued at about $27,000. SouthState Bank Corp lifted its stake in Prologis by 73.1% in the fourth quarter. SouthState Bank Corp now owns 225 shares of the real estate investment trust’s stock valued at $29,000 after buying an additional 95 shares during the period. Finally, Hilton Head Capital Partners LLC bought a new position in Prologis during the fourth quarter worth about $29,000. Institutional investors and hedge funds own 93.50% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on PLD shares. Scotiabank boosted their target price on Prologis from $146.00 to $150.00 and gave the stock a “sector perform” rating in a research report on Thursday, July 23rd. Bank of America increased their price target on shares of Prologis from $153.00 to $162.00 and gave the company a “buy” rating in a research report on Monday, April 20th. Argus lifted their price objective on shares of Prologis from $135.00 to $152.00 and gave the stock a “buy” rating in a research note on Friday, April 17th. JPMorgan Chase & Co. boosted their price objective on shares of Prologis from $141.00 to $157.00 and gave the company an “overweight” rating in a report on Tuesday, April 21st. Finally, Morgan Stanley upped their target price on shares of Prologis from $135.00 to $151.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 26th. Fifteen research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $153.81.

Insider Transactions at Prologis

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

Prologis Stock Up 0.4%

NYSE:PLD opened at $146.09 on Friday. Prologis, Inc. has a 1 year low of $103.41 and a 1 year high of $153.35. The company has a current ratio of 0.27, a quick ratio of 0.51 and a debt-to-equity ratio of 0.63. The stock has a market cap of $136.20 billion, a price-to-earnings ratio of 32.54 and a beta of 1.32. The stock has a 50-day moving average price of $143.81 and a two-hundred day moving average price of $139.13.

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

Prologis 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.