Murphy Middleton Hinkle & Parker Inc. Takes Position in Prologis, Inc. $PLD

Murphy Middleton Hinkle & Parker Inc. purchased a new position in Prologis, Inc. (NYSE:PLD) during the fourth quarter, HoldingsChannel reports. The firm purchased 22,023 shares of the real estate investment trust’s stock, valued at approximately $2,581,000. Prologis makes up about 0.7% of Murphy Middleton Hinkle & Parker Inc.’s investment portfolio, making the stock its 23rd largest position.

Several other large investors also recently modified their holdings of the company. SG Americas Securities LLC increased its position in Prologis by 8,809.2% during the fourth quarter. SG Americas Securities LLC now owns 589,520 shares of the real estate investment trust’s stock valued at $75,258,000 after acquiring an additional 582,903 shares during the last quarter. Diversified Trust Co. lifted its holdings in Prologis by 109.4% in the fourth quarter. Diversified Trust Co. now owns 31,750 shares of the real estate investment trust’s stock valued at $4,053,000 after acquiring an additional 16,589 shares during the period. 180 Wealth Advisors LLC boosted its position in Prologis by 3.8% in the fourth quarter. 180 Wealth Advisors LLC now owns 25,622 shares of the real estate investment trust’s stock worth $3,271,000 after purchasing an additional 942 shares during the last quarter. Tompkins Financial Corp boosted its position in Prologis by 12.1% in the fourth quarter. Tompkins Financial Corp now owns 1,037 shares of the real estate investment trust’s stock worth $132,000 after purchasing an additional 112 shares during the last quarter. Finally, Traveka Wealth LLC bought a new stake in shares of Prologis during the 4th quarter valued at about $204,000. Institutional investors own 93.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on PLD shares. Citigroup assumed coverage on shares of Prologis in a research note on Thursday, March 5th. They issued a “buy” rating and a $145.00 price objective on the stock. Argus boosted their target price on shares of Prologis from $128.00 to $135.00 and gave the company a “buy” rating in a research report on Thursday, January 22nd. Mizuho upped their target price on shares of Prologis from $138.00 to $143.00 and gave the company an “outperform” rating in a report on Monday, January 26th. BNP Paribas Exane increased their price target on shares of Prologis from $129.00 to $140.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 21st. Finally, BTIG Research lifted their price target on shares of Prologis from $134.00 to $155.00 and gave the stock a “buy” rating in a research note on Wednesday, December 31st. Fourteen equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $137.20.

Prologis Stock Up 1.8%

PLD stock opened at $130.30 on Tuesday. Prologis, Inc. has a twelve month low of $85.35 and a twelve month high of $143.95. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.61. The stock has a market cap of $121.12 billion, a P/E ratio of 36.70, a PEG ratio of 3.02 and a beta of 1.41. The business’s 50-day moving average price is $134.83 and its 200-day moving average price is $127.15.

Prologis (NYSE:PLD) last announced its quarterly earnings data on Wednesday, January 21st. The real estate investment trust reported $1.44 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.44. Prologis had a return on equity of 5.79% and a net margin of 37.86%.The company had revenue of $2.25 billion during the quarter, compared to the consensus estimate of $2.09 billion. During the same period in the previous year, the company posted $1.42 EPS. The firm’s revenue was up 7.8% on a year-over-year basis. 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 EPS for the current year.

Prologis Increases Dividend

The company 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 $1.07 dividend. The ex-dividend date is Tuesday, March 17th. This is an increase from Prologis’s previous quarterly dividend of $1.01. This represents a $4.28 dividend on an annualized basis and a dividend yield of 3.3%. Prologis’s dividend payout ratio (DPR) 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.