Prudential PLC Buys 90,913 Shares of Prologis, Inc. $PLD

Prudential PLC lifted its stake in shares of Prologis, Inc. (NYSE:PLD) by 134.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 158,623 shares of the real estate investment trust’s stock after buying an additional 90,913 shares during the quarter. Prudential PLC’s holdings in Prologis were worth $18,166,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the stock. Clayton Financial Group LLC purchased a new stake in Prologis in the third quarter worth about $26,000. Silver Oak Securities Incorporated purchased a new position in shares of Prologis during the 3rd quarter worth approximately $36,000. Rossby Financial LCC raised its position in shares of Prologis by 69.6% in the 3rd quarter. Rossby Financial LCC now owns 329 shares of the real estate investment trust’s stock worth $38,000 after acquiring an additional 135 shares in the last quarter. AlphaQuest LLC bought a new position in shares of Prologis in the 3rd quarter worth approximately $39,000. Finally, Clear Investment Research LLC lifted its stake in shares of 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 purchasing an additional 88 shares during the period. 93.50% of the stock is owned by institutional investors.

Prologis Stock Performance

Shares of Prologis stock opened at $131.73 on Friday. Prologis, Inc. has a 1 year low of $85.35 and a 1 year high of $143.95. The firm’s 50-day moving average is $134.50 and its 200 day moving average is $126.16. The stock has a market cap of $122.45 billion, a price-to-earnings ratio of 37.11, a PEG ratio of 3.12 and a beta of 1.41. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.58 and a quick ratio of 0.58.

Prologis (NYSE:PLD) last released its quarterly earnings data on Wednesday, January 21st. The real estate investment trust reported $1.44 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.44. The business had revenue of $2.25 billion during the quarter, compared to analyst estimates of $2.09 billion. Prologis had a net margin of 37.86% and a return on equity of 5.79%. Prologis’s revenue was up 7.8% compared to the same quarter last year. During the same period last year, the business earned $1.42 EPS. Prologis has set its FY 2026 guidance at 6.000-6.200 EPS. Sell-side analysts anticipate that Prologis, Inc. will post 5.73 EPS for the current fiscal year.

Prologis Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 17th will be issued a $1.07 dividend. This represents a $4.28 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date is Tuesday, March 17th. This is an increase from Prologis’s previous quarterly dividend of $1.01. Prologis’s dividend payout ratio (DPR) is presently 113.80%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on PLD. Argus lifted their price target on Prologis from $128.00 to $135.00 and gave the company a “buy” rating in a research report on Thursday, January 22nd. Robert W. Baird reiterated a “neutral” rating and issued a $130.00 price objective (up from $128.00) on shares of Prologis in a report on Thursday, January 8th. Scotiabank raised Prologis from a “sector perform” rating to a “sector outperform” rating and raised their price objective for the company from $133.00 to $146.00 in a research report on Wednesday, January 14th. BNP Paribas Exane upped their target price on shares of Prologis from $129.00 to $140.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 21st. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Prologis in a research note on Monday, December 29th. Fourteen investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price 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.