Westerkirk Capital Inc. Takes $3.28 Million Position in Prologis, Inc. $PLD

Westerkirk Capital Inc. purchased a new stake in shares of Prologis, Inc. (NYSE:PLD) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 25,700 shares of the real estate investment trust’s stock, valued at approximately $3,281,000.

A number of other institutional investors and hedge funds have also modified their holdings of PLD. High Point Wealth Management LLC purchased a new position in shares of Prologis during the fourth quarter valued at $26,000. Ares Financial Consulting LLC purchased a new position in shares of Prologis during the fourth quarter valued at $26,000. Eagle Bay Advisors LLC purchased a new position in shares of Prologis during the fourth quarter valued at $27,000. SouthState Bank Corp grew its holdings in shares of Prologis by 73.1% during the fourth quarter. SouthState Bank Corp now owns 225 shares of the real estate investment trust’s stock valued at $29,000 after buying an additional 95 shares in the last quarter. Finally, Hilton Head Capital Partners LLC purchased a new position in shares of Prologis during the fourth quarter valued at $29,000. Hedge funds and other institutional investors own 93.50% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on PLD shares. UBS Group lifted their price target on Prologis from $148.00 to $161.00 and gave the company a “buy” rating in a report on Friday, April 17th. Jefferies Financial Group lowered their target price on Prologis from $157.00 to $155.00 and set a “buy” rating on the stock in a research note on Tuesday, April 14th. Evercore set a $135.00 target price on Prologis in a research note on Friday, April 17th. Argus boosted their target price on Prologis from $135.00 to $152.00 and gave the company a “buy” rating in a research note on Friday, April 17th. Finally, BMO Capital Markets upgraded Prologis from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $137.00 to $162.00 in a research note on Thursday, May 7th. Sixteen analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $151.86.

Prologis Stock Performance

PLD opened at $142.84 on Tuesday. The company has a market cap of $133.18 billion, a PE ratio of 35.98, a price-to-earnings-growth ratio of 3.18 and a beta of 1.32. The stock has a 50-day moving average of $140.66 and a 200-day moving average of $134.93. Prologis, Inc. has a 52-week low of $103.41 and a 52-week high of $147.93. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.51 and a current ratio of 0.51.

Prologis (NYSE:PLD) last released its quarterly earnings results on Thursday, April 16th. The real estate investment trust reported $1.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.24. The company had revenue of $2.30 billion during the quarter, compared to the consensus estimate of $2.12 billion. Prologis had a return on equity of 6.47% and a net margin of 41.54%.The firm’s revenue was up 6.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.43 EPS. Prologis has set its FY 2026 guidance at 6.070-6.230 EPS. As a group, equities research analysts forecast that Prologis, Inc. will post 6.18 earnings per share for the current fiscal year.

Prologis Dividend Announcement

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

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.