Syntax Research Inc. Lowers Stake in Prologis, Inc. $PLD

Key Points

• Syntax Research cut its Prologis stake by 71.7% in the second quarter, selling 19,988 shares and retaining 7,881 shares valued at approximately $1.07 million.
• Prologis reported stronger-than-expected quarterly results, with $1.13 in EPS and $2.43 billion in revenue, while revenue increased 11% year over year. The company also reaffirmed 2026 EPS guidance of $6.22–$6.30.
• Prologis declared a quarterly dividend of $1.07 per share, equivalent to an annualized $4.28 and a 3.1% yield. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $154.52.

Syntax Research Inc. lessened its stake in shares of Prologis, Inc. (NYSE:PLD - Free Report) by 71.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,881 shares of the real estate investment trust's stock after selling 19,988 shares during the quarter. Prologis makes up about 0.8% of Syntax Research Inc.'s portfolio, making the stock its 21st biggest position. Syntax Research Inc.'s holdings in Prologis were worth $1,068,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently made changes to their positions in PLD. Solstein Capital LLC purchased a new stake in shares of Prologis during the 2nd quarter worth $25,000. Manning & Napier Advisors LLC bought a new stake in shares of Prologis in the 2nd quarter valued at about $25,000. Clearstead Trust LLC bought a new stake in shares of Prologis in the 2nd quarter valued at about $28,000. SouthState Bank Corp grew its position 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 buying an additional 95 shares during the last quarter. Finally, Hilton Head Capital Partners LLC bought a new position in shares of Prologis during the 4th quarter worth approximately $29,000. 93.50% of the stock is owned by institutional investors.

Insider Activity at Prologis

In other news, CFO Timothy Arndt sold 3,597 shares of the firm's stock in a transaction that occurred on Monday, June 15th. The shares were 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 SEC, which is accessible through this hyperlink. 0.52% of the stock is owned by insiders.

Prologis Trading Up 1.0%

NYSE PLD opened at $137.96 on Friday. The company has a fifty day moving average of $142.12 and a 200 day moving average of $140.60. The company has a market capitalization of $128.73 billion, a PE ratio of 30.73 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. Prologis, Inc. has a 1 year low of $110.51 and a 1 year high of $153.35.

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 for the quarter, beating 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 business had revenue of $2.43 billion during the quarter, compared to analyst estimates of $2.16 billion. During the same quarter last year, the business posted $1.46 EPS. The company's revenue was up 11.0% on a year-over-year basis. Prologis has set its FY 2026 guidance at 6.220-6.300 EPS. Research analysts forecast that Prologis, Inc. will post 6.27 earnings per share for the current year.

Prologis Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 16th will be issued a $1.07 dividend. The ex-dividend date of this dividend 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 presently 95.32%.

Wall Street Analyst Weigh In

Several brokerages have weighed in on PLD. Wells Fargo & Company lowered their target price on shares of Prologis from $167.00 to $166.00 and set an "overweight" rating for the company in a research note on Tuesday. Raymond James Financial started coverage on Prologis in a research report on Thursday, June 18th. They issued a "market perform" rating for the company. Morgan Stanley boosted their target price on Prologis from $135.00 to $151.00 and gave the stock an "equal weight" rating in a research note on Tuesday, May 26th. Truist Financial upped their target price on Prologis from $154.00 to $162.00 and gave the company a "buy" rating in a research report on Tuesday, July 21st. Finally, Robert W. Baird set a $140.00 price target on Prologis in a research note on Friday, July 31st. Sixteen analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $154.52.

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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