Turtle Creek Wealth Advisors LLC Raises Position in Prologis, Inc. $PLD

Turtle Creek Wealth Advisors LLC grew its position in Prologis, Inc. (NYSE:PLD) by 15.0% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 39,828 shares of the real estate investment trust’s stock after buying an additional 5,199 shares during the period. Turtle Creek Wealth Advisors LLC’s holdings in Prologis were worth $5,084,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Eagle Bay Advisors LLC purchased a new position in Prologis in the fourth quarter worth about $27,000. Clayton Financial Group LLC bought a new stake in shares of Prologis in the third quarter worth approximately $26,000. True Wealth Design LLC grew its stake in shares of Prologis by 87.1% in the fourth quarter. True Wealth Design LLC now owns 262 shares of the real estate investment trust’s stock worth $33,000 after acquiring an additional 122 shares during the period. FNY Investment Advisers LLC bought a new stake in shares of Prologis in the fourth quarter worth approximately $38,000. Finally, Beacon Financial Strategies CORP bought a new stake in shares of Prologis in the fourth quarter worth approximately $40,000. 93.50% of the stock is owned by hedge funds and other institutional investors.

Prologis Price Performance

PLD stock opened at $142.40 on Friday. Prologis, Inc. has a one year low of $100.22 and a one year high of $145.44. The company’s fifty day moving average price is $136.63 and its 200-day moving average price is $130.48. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.58 and a current ratio of 0.16. The company has a market capitalization of $132.75 billion, a PE ratio of 35.87, a price-to-earnings-growth ratio of 3.13 and a beta of 1.40.

Prologis (NYSE:PLD) last released its earnings results on Thursday, April 16th. The real estate investment trust reported $1.05 EPS for the quarter, topping the consensus estimate of $0.81 by $0.24. The firm had revenue of $2.30 billion for the quarter, compared to the consensus estimate of $2.12 billion. Prologis had a net margin of 41.54% and a return on equity of 6.46%. The company’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.43 earnings per share. Prologis has set its FY 2026 guidance at 6.070-6.230 EPS. On average, equities analysts anticipate that Prologis, Inc. will post 6.15 EPS for the current fiscal year.

Prologis Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 17th were paid 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 dividend yield of 3.0%. The ex-dividend date of this dividend was Tuesday, March 17th. Prologis’s payout ratio is currently 107.81%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on PLD shares. DA Davidson lifted their price target on shares of Prologis from $140.00 to $160.00 and gave the stock a “buy” rating in a research note on Tuesday. Barclays reiterated an “overweight” rating and issued a $139.00 price target on shares of Prologis in a research note on Tuesday, January 13th. Royal Bank Of Canada lifted their price target on shares of Prologis from $132.00 to $135.00 and gave the stock a “sector perform” rating in a research note on Monday, February 2nd. UBS Group lifted their price target on shares of Prologis from $148.00 to $161.00 and gave the stock a “buy” rating in a research note on Friday, April 17th. Finally, The Goldman Sachs Group reiterated a “neutral” rating and issued a $157.00 price target on shares of Prologis in a research note on Friday, April 17th. Fourteen research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $146.57.

Prologis 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.