TD Private Client Wealth LLC Trims Stock Position in Prologis, Inc. $PLD

TD Private Client Wealth LLC lowered its holdings in shares of Prologis, Inc. (NYSE:PLD) by 5.5% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 87,108 shares of the real estate investment trust’s stock after selling 5,057 shares during the quarter. TD Private Client Wealth LLC’s holdings in Prologis were worth $11,120,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Ares Financial Consulting LLC purchased a new stake in shares of Prologis during the 4th quarter valued at about $26,000. High Point Wealth Management LLC purchased a new stake in shares of Prologis during the 4th quarter valued at about $26,000. Eagle Bay Advisors LLC purchased a new stake in shares of Prologis during the 4th quarter valued at about $27,000. High Note Wealth LLC increased its position in shares of Prologis by 43.9% during the 4th quarter. High Note Wealth LLC now owns 249 shares of the real estate investment trust’s stock valued at $32,000 after purchasing an additional 76 shares during the last quarter. Finally, True Wealth Design LLC increased its position in shares of Prologis by 87.1% during the 4th quarter. True Wealth Design LLC now owns 262 shares of the real estate investment trust’s stock valued at $33,000 after purchasing an additional 122 shares during the last quarter. Hedge funds and other institutional investors own 93.50% of the company’s stock.

Prologis Trading Down 0.0%

PLD stock opened at $140.50 on Monday. Prologis, Inc. has a 1-year low of $103.02 and a 1-year high of $145.44. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.51 and a quick ratio of 0.51. The company has a market capitalization of $130.99 billion, a price-to-earnings ratio of 35.39, a PEG ratio of 3.10 and a beta of 1.33. The business has a 50 day simple moving average of $137.01 and a two-hundred day simple moving average of $132.73.

Prologis (NYSE:PLD) last posted its quarterly earnings results on Thursday, April 16th. The real estate investment trust reported $1.05 earnings per share for the quarter, topping the consensus estimate 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 the consensus estimate of $2.12 billion. During the same period in the prior year, the company posted $1.43 EPS. The firm’s revenue for the quarter was up 6.9% compared to the same quarter last year. Prologis has set its FY 2026 guidance at 6.070-6.230 EPS. Research analysts anticipate that Prologis, Inc. will post 6.17 EPS for the current fiscal year.

Prologis Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 16th will be paid a $1.07 dividend. This represents a $4.28 annualized dividend and a yield of 3.0%. The ex-dividend date is Tuesday, June 16th. Prologis’s dividend payout ratio is presently 107.81%.

Analysts Set New Price Targets

PLD has been the subject of several analyst reports. Wall Street Zen raised shares of Prologis from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. DA Davidson increased their target price on shares of Prologis from $140.00 to $160.00 and gave the stock a “buy” rating in a report on Tuesday, April 21st. Scotiabank increased their target price on shares of Prologis from $146.00 to $154.00 and gave the stock an “outperform” rating in a report on Tuesday, April 21st. Freedom Capital lowered shares of Prologis from a “strong-buy” rating to a “hold” rating in a report on Friday, January 23rd. Finally, BNP Paribas Exane increased their target price on shares of Prologis from $140.00 to $150.00 and gave the stock an “outperform” rating in a report on Friday, April 17th. Sixteen research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $149.76.

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.