Clark Capital Management Group Inc. Acquires 10,396 Shares of Prologis, Inc. $PLD

Clark Capital Management Group Inc. lifted its stake in Prologis, Inc. (NYSE:PLD) by 1.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 764,193 shares of the real estate investment trust’s stock after purchasing an additional 10,396 shares during the period. Clark Capital Management Group Inc.’s holdings in Prologis were worth $87,515,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the stock. Clayton Financial Group LLC purchased a new stake in Prologis in the 3rd quarter valued at about $26,000. Silver Oak Securities Incorporated purchased a new stake in shares of Prologis in the third quarter valued at approximately $36,000. Rossby Financial LCC grew its stake in Prologis by 69.6% in the third 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 in the last quarter. AlphaQuest LLC bought a new position in Prologis in the third quarter worth approximately $39,000. Finally, Clear Investment Research LLC increased its holdings in Prologis by 34.5% during the 3rd quarter. Clear Investment Research LLC now owns 343 shares of the real estate investment trust’s stock worth $39,000 after purchasing an additional 88 shares during the period. Hedge funds and other institutional investors own 93.50% of the company’s stock.

Prologis Price Performance

Shares of PLD stock opened at $131.73 on Friday. The stock’s 50-day moving average is $134.50 and its 200 day moving average is $126.26. Prologis, Inc. has a 1-year low of $85.35 and a 1-year high of $143.95. 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 company has a market cap of $122.45 billion, a P/E ratio of 37.11, a PEG ratio of 3.12 and a beta of 1.41.

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

Prologis Increases Dividend

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

Wall Street Analyst Weigh In

A number of brokerages have weighed in on PLD. BMO Capital Markets reaffirmed a “market perform” rating and set a $123.00 target price on shares of Prologis in a research report on Thursday, January 22nd. Citigroup started coverage on Prologis in a report on Thursday, March 5th. They issued a “buy” rating and a $145.00 price objective for the company. Wall Street Zen lowered shares of Prologis from a “hold” rating to a “sell” rating in a research note on Saturday, February 7th. Truist Financial cut their target price on shares of Prologis from $142.00 to $139.00 and set a “buy” rating on the stock in a research report on Monday, January 26th. Finally, Robert W. Baird restated a “neutral” rating and issued a $130.00 price target (up from $128.00) on shares of Prologis in a report on Thursday, January 8th. Fourteen research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently 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.