Amundi Sells 228,307 Shares of Prologis, Inc. $PLD

Key Points

• Amundi reduced its Prologis stake by 3.5%, selling 228,307 shares during the second quarter. It still held 6.33 million shares worth approximately $858.1 million, while institutional investors collectively owned 93.5% of the company.
• Prologis reported quarterly revenue of $2.43 billion and EPS of $1.13, exceeding analyst expectations; revenue rose 11% year over year. The company reaffirmed fiscal 2026 EPS guidance of $6.22–$6.30.
• The REIT declared a quarterly dividend of $1.07 per share, equivalent to $4.28 annually and a 3.1% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $154.52.

Amundi trimmed its position in shares of Prologis, Inc. (NYSE:PLD - Free Report) by 3.5% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,333,985 shares of the real estate investment trust's stock after selling 228,307 shares during the period. Amundi owned 0.68% of Prologis worth $858,065,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of PLD. Manning & Napier Advisors LLC bought a new stake in Prologis during the 2nd quarter valued at approximately $25,000. Solstein Capital LLC bought a new position in Prologis in the 2nd quarter worth approximately $25,000. Clearstead Trust LLC bought a new position in Prologis in the 2nd quarter worth approximately $28,000. Johnson Financial Group Inc. purchased a new stake in Prologis during the 2nd quarter valued at approximately $29,000. Finally, SouthState Bank Corp grew its holdings in Prologis by 73.1% during the 4th 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 in the last quarter. Institutional investors own 93.50% of the company's stock.

Prologis Price Performance

NYSE:PLD opened at $137.42 on Monday. The firm has a market capitalization of $128.22 billion, a price-to-earnings ratio of 30.61 and a beta of 1.30. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.70 and a quick ratio of 0.70. The business has a 50 day simple moving average of $142.06 and a 200-day simple moving average of $140.59. Prologis, Inc. has a 1 year low of $110.60 and a 1 year high of $153.35.

Prologis (NYSE:PLD - Get Free Report) last released its earnings results on Thursday, July 16th. The real estate investment trust reported $1.13 earnings per share for the quarter, beating the consensus estimate of $0.75 by $0.38. Prologis had a return on equity of 7.29% and a net margin of 45.79%.The firm had revenue of $2.43 billion for the quarter, compared to the consensus estimate of $2.16 billion. During the same quarter in the previous year, the company posted $1.46 EPS. The company's revenue for the quarter was up 11.0% compared to the same quarter last year. Prologis has set its FY 2026 guidance at 6.220-6.300 EPS. Equities analysts forecast that Prologis, Inc. will post 6.27 EPS for the current year.

Prologis Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders 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 payout ratio is 95.32%.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Robert W. Baird set a $140.00 target price on shares of Prologis in a report on Friday, July 31st. Wall Street Zen raised shares of Prologis from a "sell" rating to a "hold" rating in a research note on Saturday, July 18th. Scotiabank lifted their price target on shares of Prologis from $146.00 to $150.00 and gave the company a "sector perform" rating in a report on Thursday, July 23rd. Morgan Stanley boosted their price target on shares of Prologis from $135.00 to $151.00 and gave the stock an "equal weight" rating in a research note on Tuesday, May 26th. Finally, BTIG Research increased their price objective on shares of Prologis from $160.00 to $170.00 and gave the company a "buy" rating in a report on Wednesday, July 1st. Sixteen analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat.com, Prologis currently has a consensus rating of "Moderate Buy" and a consensus target price of $154.52.

Insider Buying and Selling at Prologis

In related news, CFO Timothy Arndt sold 3,597 shares of Prologis stock in a transaction dated Monday, June 15th. The shares were 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 can be accessed through this link. Corporate 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.

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