LGT Fund Management Co Ltd. Buys 4,353 Shares of Prologis, Inc. $PLD

LGT Fund Management Co Ltd. boosted its stake in Prologis, Inc. (NYSE:PLD) by 17.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 29,205 shares of the real estate investment trust’s stock after purchasing an additional 4,353 shares during the quarter. LGT Fund Management Co Ltd.’s holdings in Prologis were worth $3,402,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Whittier Trust Co. of Nevada Inc. raised its holdings in shares of Prologis by 0.5% during the third 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 purchasing an additional 82 shares during the period. Foster Dykema Cabot & Partners LLC grew its stake in shares of Prologis by 1.0% in the 3rd quarter. Foster Dykema Cabot & Partners LLC now owns 8,232 shares of the real estate investment trust’s stock valued at $943,000 after buying an additional 83 shares during the period. Cornerstone Advisory LLC increased its position in Prologis by 2.4% in the 3rd quarter. Cornerstone Advisory LLC now owns 3,535 shares of the real estate investment trust’s stock valued at $405,000 after buying an additional 84 shares in the last quarter. Clear Investment Research LLC increased its position in Prologis by 34.5% in the 3rd quarter. Clear Investment Research LLC now owns 343 shares of the real estate investment trust’s stock valued at $39,000 after buying an additional 88 shares in the last quarter. Finally, Fidelis Capital Partners LLC raised its stake in Prologis by 1.0% during the 3rd quarter. Fidelis Capital Partners LLC now owns 9,069 shares of the real estate investment trust’s stock worth $1,039,000 after buying an additional 89 shares during the period. 93.50% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Evercore increased their price target on Prologis from $118.00 to $121.00 and gave the stock an “in-line” rating in a report on Thursday, January 22nd. Freedom Capital downgraded Prologis from a “strong-buy” rating to a “hold” rating in a report on Friday, January 23rd. Argus upped their target price on Prologis from $128.00 to $135.00 and gave the stock a “buy” rating in a research report on Thursday, January 22nd. Weiss Ratings reiterated a “buy (b-)” rating on shares of Prologis in a report on Monday, December 29th. Finally, Morgan Stanley set a $135.00 price target on shares of Prologis in a research report on Friday, January 16th. Fourteen investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $137.20.

Prologis Price Performance

PLD stock opened at $134.42 on Monday. The company has a market capitalization of $124.95 billion, a P/E ratio of 37.86, a price-to-earnings-growth ratio of 3.33 and a beta of 1.41. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.58 and a current ratio of 0.58. Prologis, Inc. has a 52-week low of $85.35 and a 52-week high of $143.95. The business has a 50-day simple moving average of $133.95 and a two-hundred day simple moving average of $125.56.

Prologis (NYSE:PLD) last issued its quarterly earnings data on Wednesday, January 21st. The real estate investment trust reported $1.44 EPS for the quarter, hitting analysts’ consensus estimates of $1.44. The firm had revenue of $2.25 billion during the quarter, compared to analyst estimates of $2.09 billion. Prologis had a return on equity of 5.79% and a net margin of 37.86%.The company’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same period in the previous year, the company posted $1.42 EPS. Prologis has set its FY 2026 guidance at 6.000-6.200 EPS. Research analysts expect that Prologis, Inc. will post 5.73 EPS for the current fiscal year.

Prologis Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 17th will be issued a dividend of $1.07 per share. This represents a $4.28 annualized dividend and a yield of 3.2%. This is an increase from Prologis’s previous quarterly dividend of $1.01. The ex-dividend date is Tuesday, March 17th. Prologis’s dividend payout ratio is currently 120.56%.

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.