Weaver Capital Management LLC Has $1.59 Million Stake in Prologis, Inc. $PLD

Weaver Capital Management LLC lifted its position in shares of Prologis, Inc. (NYSE:PLD) by 106.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,438 shares of the real estate investment trust’s stock after purchasing an additional 6,404 shares during the quarter. Weaver Capital Management LLC’s holdings in Prologis were worth $1,588,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of PLD. Hartford Financial Management Inc. grew its holdings in Prologis by 1.2% during the fourth quarter. Hartford Financial Management Inc. now owns 15,947 shares of the real estate investment trust’s stock worth $2,036,000 after buying an additional 187 shares in the last quarter. Prime Capital Investment Advisors LLC grew its holdings in Prologis by 98.8% during the fourth quarter. Prime Capital Investment Advisors LLC now owns 23,837 shares of the real estate investment trust’s stock worth $3,043,000 after buying an additional 11,846 shares in the last quarter. Greenleaf Trust grew its holdings in Prologis by 2.8% during the fourth quarter. Greenleaf Trust now owns 17,624 shares of the real estate investment trust’s stock worth $2,250,000 after buying an additional 474 shares in the last quarter. Master S Wealth Management Inc. grew its holdings in Prologis by 12.7% during the fourth quarter. Master S Wealth Management Inc. now owns 7,639 shares of the real estate investment trust’s stock worth $975,000 after buying an additional 860 shares in the last quarter. Finally, Azzad Asset Management Inc. ADV grew its holdings in Prologis by 4.2% during the fourth quarter. Azzad Asset Management Inc. ADV now owns 45,442 shares of the real estate investment trust’s stock worth $5,801,000 after buying an additional 1,821 shares in the last quarter. 93.50% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. UBS Group upped their price target on Prologis from $144.00 to $148.00 and gave the stock a “buy” rating in a report on Thursday, January 22nd. Truist Financial reduced their price objective on Prologis from $142.00 to $139.00 and set a “buy” rating for the company in a research note on Monday, January 26th. Evercore upped their price objective on Prologis from $118.00 to $121.00 and gave the company an “in-line” rating in a research note on Thursday, January 22nd. BNP Paribas Exane upped their price objective on Prologis from $129.00 to $140.00 and gave the company an “outperform” rating in a research note on Wednesday, January 21st. Finally, The Goldman Sachs Group upped their price objective on Prologis from $137.00 to $148.00 and gave the company a “neutral” rating in a research note on Monday, February 9th. Fourteen research 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 company presently has an average rating of “Moderate Buy” and an average price target of $137.20.

Prologis Stock Up 3.2%

Shares of NYSE PLD opened at $137.52 on Thursday. Prologis, Inc. has a one year low of $85.35 and a one year high of $143.95. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.58 and a quick ratio of 0.58. The business’s fifty day moving average price is $135.34 and its 200-day moving average price is $128.59. The stock has a market capitalization of $128.20 billion, a PE ratio of 38.74, a P/E/G ratio of 3.16 and a beta of 1.40.

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 business had revenue of $2.25 billion for the quarter, compared to analysts’ expectations of $2.09 billion. During the same period in the previous year, the business posted $1.42 EPS. The firm’s quarterly 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 anticipate that Prologis, Inc. will post 5.73 EPS for the current year.

Prologis Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Tuesday, March 17th were paid a $1.07 dividend. The ex-dividend date was Tuesday, March 17th. This represents a $4.28 dividend on an annualized basis and a yield of 3.1%. This is an increase from Prologis’s previous quarterly dividend of $1.01. Prologis’s dividend payout ratio (DPR) is presently 120.56%.

Prologis Company Profile

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.