HighTower Advisors LLC Reduces Stock Position in Prologis, Inc. $PLD

Key Points

• HighTower Advisors reduced its Prologis stake by 4.8% in the second quarter, selling 11,434 shares and retaining 225,944 shares worth approximately $30.6 million. Institutional investors collectively own 93.5% of Prologis.
• Prologis reported quarterly revenue of $2.43 billion, up 11% year over year, and adjusted earnings of $1.13 per share, exceeding the $0.75 analyst consensus. The company maintained 2026 earnings guidance of $6.22–$6.30 per share.
• Prologis declared a quarterly dividend of $1.07 per share, equivalent to a $4.28 annualized payout and a 3.1% yield. Analysts have a “Moderate Buy” consensus rating and an average price target of $154.52.

HighTower Advisors LLC lessened its stake in Prologis, Inc. (NYSE:PLD - Free Report) by 4.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 225,944 shares of the real estate investment trust's stock after selling 11,434 shares during the period. HighTower Advisors LLC's holdings in Prologis were worth $30,609,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Manning & Napier Advisors LLC bought a new position in Prologis in the second quarter valued at about $25,000. Solstein Capital LLC bought a new stake in shares of Prologis during the 2nd quarter valued at about $25,000. Clearstead Trust LLC purchased a new stake in shares of Prologis during the 2nd quarter valued at about $28,000. Johnson Financial Group Inc. purchased a new stake in shares of Prologis during the 2nd quarter valued at about $29,000. Finally, SouthState Bank Corp lifted its stake in shares of Prologis by 73.1% in the 4th quarter. SouthState Bank Corp now owns 225 shares of the real estate investment trust's stock worth $29,000 after purchasing an additional 95 shares during the period. 93.50% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, CFO Timothy Arndt sold 3,597 shares of Prologis 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 sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.52% of the company's stock.

Prologis Price Performance

NYSE PLD opened at $138.59 on Wednesday. The stock has a market cap of $129.32 billion, a price-to-earnings ratio of 30.87 and a beta of 1.30. Prologis, Inc. has a 12 month low of $110.60 and a 12 month high of $153.35. The company's 50 day moving average is $142.09 and its two-hundred day moving average is $140.55. 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 (NYSE:PLD - Get Free Report) last issued its earnings results on Thursday, July 16th. The real estate investment trust reported $1.13 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $2.16 billion. During the same quarter in the prior year, the firm posted $1.46 EPS. Prologis's quarterly 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, research analysts anticipate that Prologis, Inc. will post 6.27 earnings per share for the current year.

Prologis Dividend Announcement

The firm also recently announced 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 annualized dividend and a dividend yield of 3.1%. Prologis's dividend payout ratio (DPR) is currently 95.32%.

Analyst Ratings Changes

PLD has been the topic of a number of research reports. Weiss Ratings downgraded shares of Prologis from a "buy (b)" rating to a "buy (b-)" rating in a report on Wednesday, August 26th. Raymond James Financial initiated coverage on shares of Prologis in a research report on Thursday, June 18th. They issued a "market perform" rating on the stock. Scotiabank lifted their price target on shares of Prologis from $146.00 to $150.00 and gave the stock a "sector perform" rating in a research note on Thursday, July 23rd. Robert W. Baird set a $140.00 price target on shares of Prologis in a research note on Friday, July 31st. Finally, Morgan Stanley boosted their price objective on shares of Prologis from $135.00 to $151.00 and gave the company an "equal weight" rating in a research report on Tuesday, May 26th. Sixteen analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $154.52.

Prologis Profile

Prologis, Inc is a global real estate investment trust (REIT) that owns, develops, acquires and manages logistics and industrial properties. Its portfolio is designed to support supply-chain operations and includes distribution centers, warehouses, fulfillment facilities and other industrial buildings used by manufacturers, retailers, transportation companies and logistics providers.

The company also provides related property and business services, including facility management, leasing, development and customer-focused solutions through its Prologis Essentials platform.

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