Private Advisor Group LLC Has $6.68 Million Stock Position in Prologis, Inc. $PLD

Private Advisor Group LLC boosted its stake in shares of Prologis, Inc. (NYSE:PLD) by 8.0% during the first quarter, Holdings Channel reports. The fund owned 50,564 shares of the real estate investment trust’s stock after acquiring an additional 3,742 shares during the period. Private Advisor Group LLC’s holdings in Prologis were worth $6,684,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Norges Bank acquired a new stake in shares of Prologis in the fourth quarter valued at approximately $1,589,125,000. Cardano Risk Management B.V. boosted its stake in shares of Prologis by 999.3% in the 4th quarter. Cardano Risk Management B.V. now owns 11,228,730 shares of the real estate investment trust’s stock valued at $1,433,460,000 after purchasing an additional 10,207,267 shares during the last quarter. Swedbank AB grew its position in shares of Prologis by 36.2% during the 4th quarter. Swedbank AB now owns 7,664,583 shares of the real estate investment trust’s stock worth $978,461,000 after buying an additional 2,038,329 shares during the period. Bessemer Group Inc. grew its position in shares of Prologis by 8,000.9% during the 4th quarter. Bessemer Group Inc. now owns 1,595,963 shares of the real estate investment trust’s stock worth $203,741,000 after buying an additional 1,576,262 shares during the period. Finally, Vanguard Group Inc. raised its stake in shares of Prologis by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 123,323,290 shares of the real estate investment trust’s stock worth $15,743,451,000 after buying an additional 1,258,407 shares during the last quarter. Institutional investors and hedge funds own 93.50% of the company’s stock.

Prologis Trading Up 1.4%

Shares of NYSE:PLD traded up $1.90 during mid-day trading on Tuesday, reaching $142.09. The stock had a trading volume of 195,174 shares, compared to its average volume of 3,571,165. The firm has a 50 day simple moving average of $142.78 and a two-hundred day simple moving average of $136.88. Prologis, Inc. has a twelve month low of $103.41 and a twelve month high of $150.18. The firm has a market cap of $132.48 billion, a PE ratio of 35.80 and a beta of 1.32. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.60.

Prologis (NYSE:PLD) last announced its quarterly earnings results on Thursday, April 16th. The real estate investment trust reported $1.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.24. Prologis had a net margin of 41.54% and a return on equity of 6.47%. The company had revenue of $2.30 billion during the quarter, compared to analyst estimates of $2.12 billion. During the same quarter in the previous year, the business earned $1.43 EPS. The firm’s revenue was up 6.9% on a year-over-year basis. Prologis has set its FY 2026 guidance at 6.070-6.230 EPS. On average, research analysts predict that Prologis, Inc. will post 6.17 EPS for the current fiscal year.

Prologis Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 16th were issued 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 was Tuesday, June 16th. Prologis’s payout ratio is 107.81%.

Insider Activity

In related news, CFO Timothy D. Arndt sold 3,597 shares of the business’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $150.00, for a total value of $539,550.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.52% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on PLD. BNP Paribas Exane increased their price objective on shares of Prologis from $140.00 to $150.00 and gave the company an “outperform” rating in a report on Friday, April 17th. Raymond James Financial initiated coverage on shares of Prologis in a research report on Thursday, June 18th. They set a “market perform” rating for the company. BTIG Research increased their price target on Prologis from $160.00 to $170.00 and gave the company a “buy” rating in a research note on Wednesday, July 1st. Robert W. Baird increased their price target on Prologis from $133.00 to $136.00 and gave the company a “neutral” rating in a research note on Friday, April 17th. Finally, Morgan Stanley raised their price target on Prologis from $135.00 to $151.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 26th. Fifteen research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat, Prologis presently has an average rating of “Moderate Buy” and a consensus price target of $152.00.

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.