Laffer Tengler Investments Inc. Boosts Stake in Prologis, Inc. $PLD

Laffer Tengler Investments Inc. increased its stake in Prologis, Inc. (NYSE:PLD) by 20.7% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 44,608 shares of the real estate investment trust’s stock after purchasing an additional 7,658 shares during the quarter. Laffer Tengler Investments Inc.’s holdings in Prologis were worth $5,109,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of PLD. Clayton Financial Group LLC bought a new position in shares of Prologis in the third quarter worth about $26,000. Silver Oak Securities Incorporated bought a new stake in Prologis during the 3rd quarter worth approximately $36,000. Rossby Financial LCC lifted its holdings in Prologis by 69.6% during the third quarter. Rossby Financial LCC now owns 329 shares of the real estate investment trust’s stock valued at $38,000 after purchasing an additional 135 shares in the last quarter. AlphaQuest LLC bought a new position in shares of Prologis in the third quarter worth approximately $39,000. Finally, Clear Investment Research LLC increased its stake in shares of Prologis by 34.5% in the third quarter. Clear Investment Research LLC now owns 343 shares of the real estate investment trust’s stock worth $39,000 after purchasing an additional 88 shares in the last quarter. Institutional investors own 93.50% of the company’s stock.

Prologis Stock Down 1.2%

Shares of PLD opened at $140.95 on Wednesday. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.61. The firm has a market capitalization of $131.02 billion, a P/E ratio of 39.70, a P/E/G ratio of 3.53 and a beta of 1.41. The firm has a fifty day moving average price of $133.46 and a 200-day moving average price of $124.96. Prologis, Inc. has a 12-month low of $85.35 and a 12-month high of $143.95.

Prologis (NYSE:PLD) last released its quarterly earnings data on Wednesday, January 21st. The real estate investment trust reported $1.44 earnings per share for the quarter, meeting the consensus estimate of $1.44. The firm 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 5.79% and a net margin of 37.86%.The firm’s quarterly revenue was up 7.8% on a year-over-year basis. During the same period in the previous year, the company posted $1.42 earnings per share. Prologis has set its FY 2026 guidance at 6.000-6.200 EPS. Equities research analysts expect that Prologis, Inc. will post 5.73 earnings per share for the current year.

Prologis Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 17th will be given a dividend of $1.07 per share. The ex-dividend date of this dividend is Tuesday, March 17th. This represents a $4.28 dividend on an annualized basis and a yield of 3.0%. This is a boost from Prologis’s previous quarterly dividend of $1.01. Prologis’s payout ratio is 113.80%.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Barclays restated an “overweight” rating and set a $139.00 target price on shares of Prologis in a research note on Tuesday, January 13th. BMO Capital Markets restated a “market perform” rating and issued a $123.00 price objective on shares of Prologis in a research report on Thursday, January 22nd. UBS Group upped their price objective on Prologis from $144.00 to $148.00 and gave the stock a “buy” rating in a research note on Thursday, January 22nd. Weiss Ratings reissued a “buy (b-)” rating on shares of Prologis in a research note on Monday, December 29th. Finally, Royal Bank Of Canada upped their price target on Prologis from $132.00 to $135.00 and gave the stock a “sector perform” rating in a research note on Monday, February 2nd. Fourteen analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $136.95.

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.