Institutional flows, dividend, valuation rebound
Key Questions
What are the latest institutional ownership changes for Prologis?
Vanguard holds 13.55% after minor net buying of about 125k shares. Invesco owns 1.07% with slight net selling, while Cohen & Steers filed a 2.44% stake.
Which new institutional investors recently bought Prologis shares?
Y Intercept Hong Kong Ltd purchased 55k shares for approximately $7.3M. Blue Capital Inc. invested $2.54M in the stock.
What are current analyst ratings and price targets for Prologis?
The median price target is $152.30 with a Zacks #2 Buy rating. BMO Capital has a Buy rating and $162 target, while Raymond James and Scotia issued more neutral assessments.
How is Prologis' valuation viewed by different metrics?
GF Value suggests the stock is 11% overvalued, while Simply Wall St indicates it is about 5% undervalued. Dividend coverage remains solid.
What recent board and insider activity occurred at Prologis?
Former Visa CEO Alfred F. Kelly Jr. joined the board, enhancing governance for the data center strategy. The CFO sold 3,597 shares at $150 in a pre-planned transaction, and short interest rose 18.5% to 1.72% of float.
Vanguard 13.55% (filing shows minor net buying ~125k shares at $140.53, also disclosing for SEGRO); Invesco 1.07% with minor net selling (Form 8.3 confirms); Cohen & Steers filed 2.44% stake (July 1); PT med $152.30; Zacks #2 Buy. BMO Capital Buy $162. Raymond James resumed Market Perform, Scotia downgraded Sector Perform. CFO sold 3,597 shares at $150 (pre-planned). PLD shares fell 3.5% to $140.94. Valuation debate: GF Value 11% overvalued, Simply Wall St 5% undervalued. Dividend coverage solid. Board appointment of former Visa CEO Alfred F. Kelly Jr. adds governance upgrade supporting data center strategy. Blue Capital Inc. invested $2.54M in PLD, a minor institutional buy. Y Intercept Hong Kong Ltd bought 55k shares ($7.3M) of PLD, another small institutional buy. Short interest increased 18.5% to 1.72% of float, days to cover 4.2, signaling growing bearish sentiment but still low. Moran Wealth Management trimmed PLD, a minor sell. Invesco Form 8.3 confirms 1.07% stake with minor net selling.