Sienna Gestion Buys 25,852 Shares of Prologis, Inc. $PLD

Sienna Gestion increased its stake in shares of Prologis, Inc. (NYSE:PLD) by 46.1% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 81,930 shares of the real estate investment trust’s stock after buying an additional 25,852 shares during the period. Sienna Gestion’s holdings in Prologis were worth $8,555,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of PLD. Clayton Financial Group LLC bought a new stake in shares of Prologis during the third quarter worth approximately $26,000. Silver Oak Securities Incorporated acquired a new stake in Prologis during the 3rd quarter worth approximately $36,000. Rossby Financial LCC lifted its holdings in Prologis by 69.6% during the 3rd quarter. Rossby Financial LCC now owns 329 shares of the real estate investment trust’s stock worth $38,000 after purchasing an additional 135 shares during the last quarter. AlphaQuest LLC bought a new stake in Prologis in the 3rd quarter valued at $39,000. Finally, Clear Investment Research LLC grew its holdings in Prologis by 34.5% in the 3rd quarter. Clear Investment Research LLC now owns 343 shares of the real estate investment trust’s stock valued at $39,000 after buying an additional 88 shares in the last quarter. 93.50% of the stock is owned by institutional investors.

Prologis Stock Down 2.5%

NYSE PLD opened at $134.42 on Monday. Prologis, Inc. has a fifty-two week low of $85.35 and a fifty-two week high of $143.95. The business has a fifty day moving average price of $133.95 and a two-hundred day moving average price of $125.56. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.58 and a quick ratio of 0.58. The stock has a market capitalization of $124.95 billion, a PE ratio of 37.86, a PEG ratio of 3.33 and a beta of 1.41.

Prologis (NYSE:PLD) last posted its quarterly earnings results on Wednesday, January 21st. The real estate investment trust reported $1.44 EPS for the quarter, hitting analysts’ consensus estimates of $1.44. Prologis had a return on equity of 5.79% and a net margin of 37.86%.The company had revenue of $2.25 billion during the quarter, compared to analysts’ expectations of $2.09 billion. During the same quarter in the previous year, the firm earned $1.42 EPS. Prologis’s revenue was up 7.8% on a year-over-year basis. Prologis has set its FY 2026 guidance at 6.000-6.200 EPS. Equities analysts expect that Prologis, Inc. will post 5.73 earnings per share for the current fiscal year.

Prologis Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 17th will be paid a dividend of $1.07 per share. The ex-dividend date of this dividend is Tuesday, March 17th. This is a positive change from Prologis’s previous quarterly dividend of $1.01. This represents a $4.28 annualized dividend and a yield of 3.2%. Prologis’s payout ratio is presently 120.56%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Scotiabank raised shares of Prologis from a “sector perform” rating to a “sector outperform” rating and boosted their target price for the company from $133.00 to $146.00 in a research report on Wednesday, January 14th. UBS Group increased their target price on shares of Prologis from $144.00 to $148.00 and gave the stock a “buy” rating in a research report on Thursday, January 22nd. BNP Paribas Exane lifted their price target on shares of Prologis from $129.00 to $140.00 and gave the company an “outperform” rating in a research report on Wednesday, January 21st. Freedom Capital downgraded Prologis from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 23rd. Finally, Evercore upped their target price on Prologis from $118.00 to $121.00 and gave the company an “in-line” rating in a research report on Thursday, January 22nd. Fourteen equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $137.20.

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.