Prologis, Inc. $PLD Shares Sold by Davis Selected Advisers

Key Points

• Davis Selected Advisers trimmed its Prologis stake by 9.1% in Q4, selling 18,040 shares and ending the period with 180,126 shares valued at about $22.995 million.
• Earnings beat: Prologis posted $1.05 EPS and $2.30 billion in revenue for the quarter versus analysts' $0.81 and $2.12 billion estimates, and set FY2026 guidance of 6.070–6.230 EPS.
• The company declared a quarterly dividend of $1.07 (annualized $4.28, ~3.0% yield) with a payout ratio of 107.8%, while analysts hold a consensus "Moderate Buy" and a $147.90 price target; Prologis has a market cap around $131.9 billion and a P/E of 35.65.

Davis Selected Advisers lessened its stake in shares of Prologis, Inc. (NYSE:PLD - Free Report) by 9.1% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 180,126 shares of the real estate investment trust's stock after selling 18,040 shares during the period. Davis Selected Advisers' holdings in Prologis were worth $22,995,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Vanguard Group Inc. lifted its position in shares of Prologis by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 123,323,290 shares of the real estate investment trust's stock valued at $15,743,451,000 after acquiring an additional 1,258,407 shares during the last quarter. Capital International Investors lifted its position in shares of Prologis by 15.0% during the 3rd quarter. Capital International Investors now owns 7,247,383 shares of the real estate investment trust's stock valued at $829,970,000 after acquiring an additional 946,847 shares during the last quarter. Wellington Management Group LLP lifted its position in shares of Prologis by 1.2% during the 3rd quarter. Wellington Management Group LLP now owns 6,995,375 shares of the real estate investment trust's stock valued at $801,110,000 after acquiring an additional 85,012 shares during the last quarter. Ameriprise Financial Inc. lifted its position in shares of Prologis by 0.5% during the 3rd quarter. Ameriprise Financial Inc. now owns 6,837,026 shares of the real estate investment trust's stock valued at $778,528,000 after acquiring an additional 31,456 shares during the last quarter. Finally, Amundi lifted its position in shares of Prologis by 22.0% during the 3rd quarter. Amundi now owns 5,651,563 shares of the real estate investment trust's stock valued at $661,968,000 after acquiring an additional 1,020,819 shares during the last quarter. Institutional investors and hedge funds own 93.50% of the company's stock.

Prologis Price Performance

PLD opened at $141.53 on Friday. The stock has a fifty day moving average of $136.77 and a 200-day moving average of $131.39. The firm has a market capitalization of $131.94 billion, a P/E ratio of 35.65, a PEG ratio of 3.13 and a beta of 1.34. Prologis, Inc. has a 12-month low of $103.02 and a 12-month high of $145.44. The company has a quick ratio of 0.58, a current ratio of 0.16 and a debt-to-equity ratio of 0.60.

Prologis (NYSE:PLD - Get Free Report) last released its earnings results on Thursday, April 16th. The real estate investment trust reported $1.05 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.81 by $0.24. The company had revenue of $2.30 billion during the quarter, compared to analyst estimates of $2.12 billion. Prologis had a return on equity of 6.46% and a net margin of 41.54%.The company's revenue for the quarter was up 6.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.43 earnings per share. Prologis has set its FY 2026 guidance at 6.070-6.230 EPS. Equities analysts forecast that Prologis, Inc. will post 6.17 EPS for the current fiscal year.

Prologis Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 16th will be paid a $1.07 dividend. The ex-dividend date of this dividend is Tuesday, June 16th. This represents a $4.28 dividend on an annualized basis and a dividend yield of 3.0%. Prologis's dividend payout ratio is 107.81%.

Analysts Set New Price Targets

A number of brokerages have recently commented on PLD. Robert W. Baird increased their price objective on Prologis from $133.00 to $136.00 and gave the company a "neutral" rating in a research report on Friday, April 17th. Morgan Stanley set a $135.00 price objective on Prologis in a research report on Friday, January 16th. The Goldman Sachs Group reiterated a "neutral" rating and set a $157.00 price objective on shares of Prologis in a research report on Friday, April 17th. DA Davidson increased their target price on Prologis from $140.00 to $160.00 and gave the company a "buy" rating in a report on Tuesday, April 21st. Finally, Scotiabank increased their target price on Prologis from $146.00 to $154.00 and gave the company an "outperform" rating in a report on Tuesday, April 21st. Fourteen investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $147.90.

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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