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

Key Points

• Kentucky Retirement Systems cut its Prologis stake by 29.3%, selling 17,064 shares and retaining 41,175 shares valued at approximately $5.44 million. Institutional investors and hedge funds collectively own 93.5% of PLD.
• Prologis reported quarterly revenue of $2.43 billion and adjusted earnings of $1.13 per share, beating analyst expectations, while revenue increased 11% year over year. The company reaffirmed fiscal 2026 EPS guidance of $6.22 to $6.30.
• Analyst sentiment remains favorable, with 15 Buy ratings and eight Holds producing a “Moderate Buy” consensus and an average price target of $153.81. Shares recently opened at $146.09, near their 52-week high of $153.35.

Kentucky Retirement Systems decreased its position in Prologis, Inc. (NYSE:PLD - Free Report) by 29.3% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm 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 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of PLD. Ares Financial Consulting LLC bought a new position in Prologis in the 4th quarter worth $26,000. High Point Wealth Management LLC bought a new stake in Prologis during the fourth quarter valued at about $26,000. Eagle Bay Advisors LLC bought a new stake in Prologis during the fourth quarter valued at about $27,000. 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 last quarter. Finally, Hilton Head Capital Partners LLC acquired a new stake in shares of Prologis in the fourth quarter valued at about $29,000. 93.50% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Prologis news, CFO Timothy D. Arndt sold 3,597 shares of the business's stock in a transaction dated 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 legal filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.52% of the company's stock.

Prologis Stock Up 0.4%

Shares of PLD opened at $146.09 on Friday. The business's fifty day moving average price is $143.81 and its two-hundred day moving average price is $139.13. The firm has a market capitalization of $136.20 billion, a price-to-earnings ratio of 32.54 and a beta of 1.32. Prologis, Inc. has a 52 week low of $103.41 and a 52 week high of $153.35. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.51 and a current ratio of 0.27.

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, 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 during the quarter, compared to the consensus estimate of $2.16 billion. During the same quarter in the previous year, the company posted $1.46 earnings per share. The firm's quarterly revenue was up 11.0% on a year-over-year basis. Prologis has set its FY 2026 guidance at 6.220-6.300 EPS. On average, analysts predict that Prologis, Inc. will post 6.28 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. Royal Bank Of Canada lifted their price objective on Prologis from $135.00 to $148.00 and gave the stock a "sector perform" rating in a research note on Tuesday, April 28th. JPMorgan Chase & Co. raised their target price on Prologis from $141.00 to $157.00 and gave the company an "overweight" rating in a report on Tuesday, April 21st. Wells Fargo & Company raised their target price on Prologis from $155.00 to $167.00 and gave the company an "overweight" rating in a report on Monday, June 1st. Weiss Ratings raised Prologis from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Friday, May 1st. Finally, BTIG Research upped their price target on Prologis from $160.00 to $170.00 and gave the stock a "buy" rating in a report on Wednesday, July 1st. Fifteen analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $153.81.

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.

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