Wealthfront Advisers LLC Purchases 20,088 Shares of Prologis, Inc. $PLD

Wealthfront Advisers LLC lifted its position in shares of Prologis, Inc. (NYSE:PLD) by 31.7% in the 3rd quarter, Holdings Channel reports. The fund owned 83,473 shares of the real estate investment trust’s stock after buying an additional 20,088 shares during the quarter. Wealthfront Advisers LLC’s holdings in Prologis were worth $9,559,000 as of its most recent filing with the SEC.

Several other institutional investors have also added to or reduced their stakes in the business. Whittier Trust Co. of Nevada Inc. lifted its stake in shares of Prologis by 0.5% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 16,583 shares of the real estate investment trust’s stock valued at $1,941,000 after buying an additional 82 shares in the last quarter. Fidelis Capital Partners LLC increased its position in shares of Prologis by 1.0% during the third quarter. Fidelis Capital Partners LLC now owns 9,069 shares of the real estate investment trust’s stock valued at $1,039,000 after buying an additional 89 shares during the period. Ignite Planners LLC lifted its holdings in shares of Prologis by 3.2% in the third quarter. Ignite Planners LLC now owns 2,937 shares of the real estate investment trust’s stock worth $336,000 after buying an additional 92 shares in the last quarter. ORG Partners LLC grew its stake in Prologis by 3.3% during the third quarter. ORG Partners LLC now owns 2,867 shares of the real estate investment trust’s stock valued at $328,000 after acquiring an additional 92 shares in the last quarter. Finally, Stratos Wealth Partners LTD. increased its holdings in Prologis by 0.7% during the 2nd quarter. Stratos Wealth Partners LTD. now owns 13,678 shares of the real estate investment trust’s stock worth $1,438,000 after acquiring an additional 93 shares during the period. 93.50% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Prologis news, Director Cristina Gabriela Bita sold 621 shares of the business’s stock in a transaction on Monday, December 1st. The shares were sold at an average price of $127.60, for a total value of $79,239.60. Following the completion of the sale, the director directly owned 8,208 shares of the company’s stock, valued at $1,047,340.80. The trade was a 7.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.57% of the stock is currently owned by insiders.

Prologis Price Performance

PLD opened at $139.94 on Thursday. The company has a current ratio of 0.19, a quick ratio of 0.64 and a debt-to-equity ratio of 0.61. The stock has a market capitalization of $129.98 billion, a P/E ratio of 39.42, a PEG ratio of 3.48 and a beta of 1.42. The stock has a 50-day moving average price of $130.09 and a 200-day moving average price of $121.49. Prologis, Inc. has a 12-month low of $85.35 and a 12-month high of $141.85.

Prologis (NYSE:PLD) last released its earnings results on Wednesday, January 21st. The real estate investment trust reported $1.44 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.44. The company had revenue of $2.25 billion during the quarter, compared to the consensus estimate of $2.09 billion. Prologis had a return on equity of 5.78% and a net margin of 37.86%.Prologis’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.42 EPS. Prologis has set its FY 2026 guidance at 6.000-6.200 EPS. Equities analysts predict that Prologis, Inc. will post 5.73 earnings per share for the current fiscal year.

Prologis Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Tuesday, December 16th were issued a dividend of $1.01 per share. The ex-dividend date of this dividend was Tuesday, December 16th. This represents a $4.04 annualized dividend and a dividend yield of 2.9%. Prologis’s dividend payout ratio (DPR) is currently 113.80%.

Wall Street Analysts Forecast Growth

PLD has been the subject of several analyst reports. iA Financial set a $119.00 price target on shares of Prologis in a report on Monday, October 20th. The Goldman Sachs Group boosted their target price on Prologis from $133.00 to $137.00 and gave the stock a “neutral” rating in a research report on Monday, January 26th. Mizuho upped their target price on Prologis from $138.00 to $143.00 and gave the stock an “outperform” rating in a research note on Monday, January 26th. Citigroup reaffirmed a “buy” rating on shares of Prologis in a report on Monday, January 26th. Finally, Wells Fargo & Company boosted their price objective on Prologis from $120.00 to $139.00 and gave the stock an “overweight” rating in a report on Monday, October 27th. Thirteen investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $135.32.

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.