Syntax Research Inc. Cuts Position in Prologis, Inc. $PLD

Syntax Research Inc. decreased its holdings in Prologis, Inc. (NYSE:PLD) by 71.7% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 7,881 shares of the real estate investment trust’s stock after selling 19,988 shares during the quarter. Prologis accounts for about 0.8% of Syntax Research Inc.’s holdings, making the stock its 21st largest holding. Syntax Research Inc.’s holdings in Prologis were worth $1,068,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of PLD. Solstein Capital LLC acquired a new position in shares of Prologis during the 2nd quarter worth approximately $25,000. Manning & Napier Advisors LLC acquired a new position in Prologis during the second quarter worth $25,000. Clearstead Trust LLC acquired a new position in Prologis during the second quarter worth $28,000. SouthState Bank Corp grew its position in shares of 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 purchasing an additional 95 shares during the period. Finally, Hilton Head Capital Partners LLC purchased a new stake in shares of Prologis during the fourth quarter worth about $29,000. 93.50% of the stock is owned by institutional investors and hedge funds.

Prologis Stock Up 1.0%

Shares of NYSE PLD opened at $137.96 on Friday. The stock has a market cap of $128.73 billion, a PE ratio of 30.73 and a beta of 1.30. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.63. Prologis, Inc. has a 12-month low of $110.51 and a 12-month high of $153.35. The company has a 50-day moving average of $142.12 and a 200 day moving average of $140.60.

Prologis (NYSE:PLD) last released its earnings results on Thursday, July 16th. The real estate investment trust reported $1.13 earnings per share for the quarter, topping analysts’ consensus estimates of $0.75 by $0.38. The business had revenue of $2.43 billion for the quarter, compared to analyst estimates of $2.16 billion. Prologis had a net margin of 45.79% and a return on equity of 7.29%. The business’s revenue was up 11.0% on a year-over-year basis. During the same period last year, the company posted $1.46 EPS. Prologis has set its FY 2026 guidance at 6.220-6.300 EPS. As a group, sell-side analysts predict that Prologis, Inc. will post 6.27 EPS for the current fiscal year.

Prologis Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Wednesday, September 16th will be given a dividend of $1.07 per share. The ex-dividend date is Wednesday, September 16th. This represents a $4.28 dividend on an annualized basis and a yield of 3.1%. Prologis’s dividend payout ratio (DPR) is presently 95.32%.

Analysts Set New Price Targets

Several research analysts recently weighed in on PLD shares. Truist Financial upped their price target on shares of Prologis from $154.00 to $162.00 and gave the stock a “buy” rating in a research report on Tuesday, July 21st. Scotiabank boosted their price objective on Prologis from $146.00 to $150.00 and gave the stock a “sector perform” rating in a research note on Thursday, July 23rd. Mizuho raised their target price on Prologis from $150.00 to $159.00 and gave the company an “outperform” rating in a research report on Friday, July 17th. Royal Bank Of Canada raised Prologis from a “sector perform” rating to an “outperform” rating and lifted their price target for the stock from $148.00 to $160.00 in a research note on Tuesday, August 4th. Finally, Raymond James Financial began coverage on Prologis in a research report on Thursday, June 18th. They set a “market perform” rating for the company. Sixteen analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $154.52.

Insiders Place Their Bets

In other Prologis news, CFO Timothy Arndt sold 3,597 shares of the business’s stock in a transaction 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 document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.52% of the company’s stock.

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.