Ocean Park Asset Management LLC purchased a new stake in shares of Prologis, Inc. (NYSE:PLD – Free Report) during the 1st quarter, according to its most recent filing with the SEC. The institutional investor purchased 3,615 shares of the real estate investment trust’s stock, valued at approximately $477,000.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Nvwm LLC raised its holdings in shares of Prologis by 6,069.7% in the fourth quarter. Nvwm LLC now owns 15,486 shares of the real estate investment trust’s stock worth $1,977,000 after buying an additional 15,235 shares during the period. CIBC Bancorp USA Inc. bought a new stake in shares of Prologis during the 3rd quarter worth approximately $42,158,000. Murphy Middleton Hinkle & Parker Inc. purchased a new position in Prologis during the 4th quarter valued at $2,581,000. Laffer Tengler Investments Inc. boosted its holdings in Prologis by 20.7% during the 3rd quarter. Laffer Tengler Investments Inc. now owns 44,608 shares of the real estate investment trust’s stock valued at $5,109,000 after acquiring an additional 7,658 shares during the period. Finally, Avanza Fonder AB boosted its holdings in Prologis by 8.4% during the 4th quarter. Avanza Fonder AB now owns 70,789 shares of the real estate investment trust’s stock valued at $9,037,000 after acquiring an additional 5,508 shares during the period. 93.50% of the stock is owned by hedge funds and other institutional investors.
Insiders Place Their Bets
In other Prologis news, CFO Timothy D. Arndt sold 3,597 shares of the stock in a transaction dated 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 available through this hyperlink. 0.52% of the stock is currently owned by company insiders.
Analyst Ratings Changes
Get Our Latest Research Report on Prologis
Prologis Stock Up 0.1%
Shares of NYSE:PLD opened at $140.63 on Monday. The business’s 50 day moving average is $142.91 and its 200 day moving average is $136.10. The stock has a market cap of $131.11 billion, a P/E ratio of 35.42, a price-to-earnings-growth ratio of 3.05 and a beta of 1.32. Prologis, Inc. has a 52-week low of $103.41 and a 52-week high of $150.18. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 0.60.
Prologis (NYSE:PLD – Get Free Report) last issued its earnings results on Thursday, April 16th. The real estate investment trust reported $1.05 earnings per share for the quarter, beating 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 business had revenue of $2.30 billion during the quarter, compared to analyst estimates of $2.12 billion. During the same period in the previous year, the company posted $1.43 EPS. Prologis’s revenue was up 6.9% on a year-over-year basis. Prologis has set its FY 2026 guidance at 6.070-6.230 EPS. Sell-side analysts predict that Prologis, Inc. will post 6.18 EPS for the current year.
Prologis Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors 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 yield of 3.0%. Prologis’s dividend payout ratio is 107.81%.
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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