Clark Capital Management Group Inc. Raises Holdings in Prologis, Inc. $PLD

Clark Capital Management Group Inc. raised its holdings in shares of Prologis, Inc. (NYSE:PLDFree Report) by 24.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 952,854 shares of the real estate investment trust’s stock after purchasing an additional 188,661 shares during the period. Clark Capital Management Group Inc.’s holdings in Prologis were worth $121,641,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Crawford Investment Counsel Inc. boosted its stake in Prologis by 3.6% during the 4th quarter. Crawford Investment Counsel Inc. now owns 145,967 shares of the real estate investment trust’s stock valued at $18,634,000 after purchasing an additional 5,128 shares during the last quarter. Kemnay Advisory Services Inc. purchased a new stake in Prologis during the 4th quarter valued at $67,000. Captrust Financial Advisors boosted its stake in Prologis by 12.2% during the 4th quarter. Captrust Financial Advisors now owns 54,693 shares of the real estate investment trust’s stock valued at $6,982,000 after purchasing an additional 5,932 shares during the last quarter. &PARTNERS boosted its stake in Prologis by 26.3% during the 4th quarter. &PARTNERS now owns 161,439 shares of the real estate investment trust’s stock valued at $20,607,000 after purchasing an additional 33,582 shares during the last quarter. Finally, Siemens Fonds Invest GmbH boosted its stake in Prologis by 4.1% during the 4th quarter. Siemens Fonds Invest GmbH now owns 32,596 shares of the real estate investment trust’s stock valued at $4,205,000 after purchasing an additional 1,278 shares during the last quarter. 93.50% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have commented on the company. The Goldman Sachs Group reiterated a “neutral” rating and set a $157.00 target price on shares of Prologis in a research note on Friday, April 17th. Morgan Stanley raised their price target on Prologis from $135.00 to $151.00 and gave the stock an “equal weight” rating in a research note on Tuesday, May 26th. Citigroup raised their price target on Prologis from $145.00 to $165.00 and gave the stock a “buy” rating in a research note on Tuesday, April 21st. Mizuho raised their price target on Prologis from $143.00 to $150.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 22nd. Finally, Evercore set a $135.00 price target on Prologis in a research note on Friday, April 17th. Sixteen analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, Prologis presently has a consensus rating of “Moderate Buy” and an average target price of $151.86.

Check Out Our Latest Report on PLD

Prologis Stock Performance

PLD stock opened at $146.08 on Wednesday. The company has a market cap of $136.20 billion, a P/E ratio of 36.80, a price-to-earnings-growth ratio of 3.27 and a beta of 1.32. Prologis, Inc. has a 1 year low of $103.41 and a 1 year high of $150.18. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.51 and a quick ratio of 0.51. The stock’s fifty day moving average price is $142.52 and its 200-day moving average price is $135.85.

Prologis (NYSE:PLDGet Free Report) last released its quarterly earnings results on Thursday, April 16th. The real estate investment trust reported $1.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.81 by $0.24. Prologis had a return on equity of 6.47% and a net margin of 41.54%.The firm had revenue of $2.30 billion for the quarter, compared to the consensus estimate of $2.12 billion. During the same period last year, the business posted $1.43 EPS. The company’s revenue for the quarter was up 6.9% on a year-over-year basis. Prologis has set its FY 2026 guidance at 6.070-6.230 EPS. On average, equities analysts forecast that Prologis, Inc. will post 6.18 earnings per share for the current year.

Prologis Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 16th will be issued a $1.07 dividend. This represents a $4.28 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend is Tuesday, June 16th. Prologis’s dividend payout ratio (DPR) is currently 107.81%.

Prologis Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Prologis (NYSE:PLD)

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