LPL Financial LLC raised its holdings in Prologis, Inc. (NYSE:PLD – Free Report) by 3.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,241,418 shares of the real estate investment trust’s stock after buying an additional 38,418 shares during the quarter. LPL Financial LLC owned 0.13% of Prologis worth $158,479,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. High Point Wealth Management LLC bought a new stake in Prologis in the 4th quarter valued at $26,000. Ares Financial Consulting LLC bought a new stake in Prologis in the 4th quarter valued at $26,000. Eagle Bay Advisors LLC bought a new stake in Prologis in the 4th quarter valued at $27,000. SouthState Bank Corp increased its holdings in Prologis by 73.1% in the 4th quarter. SouthState Bank Corp now owns 225 shares of the real estate investment trust’s stock valued at $29,000 after buying an additional 95 shares during the period. Finally, Hilton Head Capital Partners LLC bought a new stake in Prologis in the 4th quarter valued at $29,000. Institutional investors own 93.50% of the company’s stock.
Analyst Ratings Changes
Several brokerages have issued reports on PLD. DA Davidson boosted their price target on shares of Prologis from $140.00 to $160.00 and gave the company a “buy” rating in a report on Tuesday, April 21st. The Goldman Sachs Group reissued a “neutral” rating and issued a $157.00 price target on shares of Prologis in a report on Friday, April 17th. Jefferies Financial Group lowered their price target on shares of Prologis from $157.00 to $155.00 and set a “buy” rating on the stock in a report on Tuesday, April 14th. Citigroup boosted their target price on shares of Prologis from $145.00 to $165.00 and gave the company a “buy” rating in a research note on Tuesday, April 21st. Finally, UBS Group boosted their target price on shares of Prologis from $148.00 to $161.00 and gave the company a “buy” rating in a research note on Friday, April 17th. Sixteen investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $151.86.
Prologis Stock Down 1.0%
Shares of NYSE:PLD opened at $146.02 on Thursday. Prologis, Inc. has a 52 week low of $103.41 and a 52 week high of $148.29. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.51 and a current ratio of 0.51. The company’s fifty day moving average is $141.38 and its 200-day moving average is $135.27. The company has a market capitalization of $136.14 billion, a PE ratio of 36.78, a P/E/G ratio of 3.24 and a beta of 1.32.
Prologis (NYSE:PLD – Get Free Report) last issued its earnings results on Thursday, April 16th. The real estate investment trust reported $1.05 EPS for the quarter, beating the consensus estimate of $0.81 by $0.24. Prologis had a net margin of 41.54% and a return on equity of 6.47%. The company had revenue of $2.30 billion for the quarter, compared to the consensus estimate of $2.12 billion. During the same quarter in the previous year, the company earned $1.43 EPS. The firm’s revenue for the quarter was up 6.9% compared to the same quarter last year. Prologis has set its FY 2026 guidance at 6.070-6.230 EPS. Equities research analysts predict that Prologis, Inc. will post 6.18 earnings per share for the current fiscal year.
Prologis Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 16th will be given a dividend of $1.07 per share. The ex-dividend date is Tuesday, June 16th. This represents a $4.28 annualized dividend and a yield of 2.9%. Prologis’s dividend payout ratio is 107.81%.
About Prologis
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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