Hilltop Holdings Inc. Lowers Stock Holdings in Prologis, Inc. $PLD

Hilltop Holdings Inc. reduced its holdings in Prologis, Inc. (NYSE:PLD - Free Report) by 88.6% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund 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 filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Ares Financial Consulting LLC purchased a new stake in Prologis in the 4th quarter valued at about $26,000. High Point Wealth Management LLC purchased a new stake in Prologis in the fourth quarter valued at approximately $26,000. Eagle Bay Advisors LLC purchased a new stake in Prologis in the fourth quarter valued at approximately $27,000. SouthState Bank Corp increased its position in Prologis by 73.1% during the fourth 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 last quarter. Finally, Hilton Head Capital Partners LLC acquired a new position in Prologis during the fourth quarter worth approximately $29,000. 93.50% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on PLD shares. BNP Paribas Exane lifted their price target on shares of Prologis from $140.00 to $150.00 and gave the company an "outperform" rating in a report on Friday, April 17th. Barclays upped their price objective on Prologis from $139.00 to $156.00 and gave the stock an "overweight" rating in a report on Thursday, July 16th. Bank of America increased their target price on Prologis from $153.00 to $162.00 and gave the stock a "buy" rating in a research report on Monday, April 20th. Citigroup lifted their target price on Prologis from $145.00 to $165.00 and gave the company a "buy" rating in a report on Tuesday, April 21st. Finally, Scotiabank boosted their price target on Prologis from $146.00 to $150.00 and gave the company a "sector perform" rating in a research report on Thursday, July 23rd. Fifteen analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat.com, Prologis has an average rating of "Moderate Buy" and an average target price of $153.81.

Prologis Trading Down 0.3%

Shares of PLD stock opened at $147.18 on Tuesday. The company has a quick ratio of 0.51, a current ratio of 0.27 and a debt-to-equity ratio of 0.63. Prologis, Inc. has a fifty-two week low of $103.41 and a fifty-two week high of $153.35. The firm's 50 day moving average price is $143.66 and its two-hundred day moving average price is $138.75. The stock has a market cap of $137.22 billion, a price-to-earnings ratio of 32.78 and a beta of 1.32.

Prologis (NYSE:PLD - Get Free Report) last released its quarterly earnings data on Thursday, July 16th. The real estate investment trust reported $1.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.75 by $0.38. The company had revenue of $2.43 billion during 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 quarterly revenue was up 11.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.46 earnings per share. Prologis has set its FY 2026 guidance at 6.220-6.300 EPS. On average, analysts anticipate that Prologis, Inc. will post 6.28 EPS for the current year.

Insider Transactions at Prologis

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 stock was sold at an average price of $150.00, for a total value of $539,550.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 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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