168,071 Shares in Prologis, Inc. $PLD Acquired by DDD Partners LLC

DDD Partners LLC purchased a new position in Prologis, Inc. (NYSE:PLD) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 168,071 shares of the real estate investment trust’s stock, valued at approximately $19,247,000. Prologis accounts for about 1.2% of DDD Partners LLC’s investment portfolio, making the stock its 21st largest position.

A number of other institutional investors have also recently made changes to their positions in PLD. D.A. Davidson & CO. grew its position in shares of Prologis by 16.7% in the 3rd quarter. D.A. Davidson & CO. now owns 587,157 shares of the real estate investment trust’s stock worth $67,241,000 after buying an additional 83,966 shares during the last quarter. Foresight Group Ltd Liability Partnership lifted its stake in Prologis by 240.1% in the third quarter. Foresight Group Ltd Liability Partnership now owns 44,715 shares of the real estate investment trust’s stock worth $5,109,000 after acquiring an additional 31,567 shares during the period. National Pension Service boosted its stake in shares of Prologis by 2.4% during the 3rd quarter. National Pension Service now owns 2,443,137 shares of the real estate investment trust’s stock valued at $279,788,000 after purchasing an additional 56,272 shares in the last quarter. Envestnet Asset Management Inc. lifted its holdings in Prologis by 3.6% in the third quarter. Envestnet Asset Management Inc. now owns 3,644,875 shares of the real estate investment trust’s stock worth $417,411,000 after buying an additional 126,613 shares during the period. Finally, Generali Asset Management SPA SGR lifted its holdings in Prologis by 33.4% in the third quarter. Generali Asset Management SPA SGR now owns 100,314 shares of the real estate investment trust’s stock worth $11,488,000 after buying an additional 25,133 shares during the period. Hedge funds and other institutional investors own 93.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on PLD shares. The Goldman Sachs Group increased 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. Evercore upped their price target on Prologis from $118.00 to $121.00 and gave the stock an “in-line” rating in a research note on Thursday, January 22nd. BMO Capital Markets reissued a “market perform” rating and set a $123.00 price objective on shares of Prologis in a research report on Thursday, January 22nd. Wells Fargo & Company upped their target price on shares of Prologis from $120.00 to $139.00 and gave the stock an “overweight” rating in a research report on Monday, October 27th. Finally, Wall Street Zen lowered shares of Prologis from a “hold” rating to a “sell” rating in a research note on Saturday, February 7th. Thirteen investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $135.32.

Prologis Price Performance

NYSE:PLD opened at $138.93 on Friday. The business’s 50-day moving average is $130.47 and its 200 day moving average is $121.82. Prologis, Inc. has a 12 month low of $85.35 and a 12 month high of $141.95. The company has a market capitalization of $129.05 billion, a P/E ratio of 39.13, a P/E/G ratio of 3.38 and a beta of 1.42. The company has a current ratio of 0.19, a quick ratio of 0.64 and a debt-to-equity ratio of 0.61.

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

Prologis Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 17th will be issued a $1.07 dividend. This is a boost from Prologis’s previous quarterly dividend of $1.01. The ex-dividend date is Tuesday, March 17th. This represents a $4.28 dividend on an annualized basis and a dividend yield of 3.1%. Prologis’s payout ratio is presently 113.80%.

Insider Activity

In related news, Director Cristina Gabriela Bita sold 621 shares of the stock in a transaction dated 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 transaction, the director owned 8,208 shares of the company’s stock, valued at approximately $1,047,340.80. This trade represents a 7.03% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.57% of the company’s stock.

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.