Elevation Point Wealth Partners LLC Grows Stock Holdings in Prologis, Inc. $PLD

Elevation Point Wealth Partners LLC grew its position in shares of Prologis, Inc. (NYSE:PLD) by 144.4% in the 1st quarter, HoldingsChannel.com reports. The fund owned 29,330 shares of the real estate investment trust’s stock after buying an additional 17,327 shares during the quarter. Elevation Point Wealth Partners LLC’s holdings in Prologis were worth $3,877,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of PLD. Ares Financial Consulting LLC purchased a new position in Prologis during the 4th quarter valued at about $26,000. High Point Wealth Management LLC bought a new position in Prologis during the 4th quarter valued at approximately $26,000. Eagle Bay Advisors LLC purchased a new stake in Prologis in the 4th quarter worth approximately $27,000. SouthState Bank Corp lifted its holdings in Prologis by 73.1% in the 4th quarter. SouthState Bank Corp now owns 225 shares of the real estate investment trust’s stock worth $29,000 after buying an additional 95 shares during the period. Finally, Hilton Head Capital Partners LLC bought a new stake in shares of Prologis in the 4th quarter worth approximately $29,000. 93.50% of the stock is currently owned by hedge funds and other institutional investors.

Prologis Stock Performance

Prologis stock opened at $139.21 on Friday. Prologis, Inc. has a fifty-two week low of $103.41 and a fifty-two week high of $150.18. The stock’s 50 day simple moving average is $142.78 and its two-hundred day simple moving average is $136.84. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.51 and a current ratio of 0.51. The stock has a market cap of $129.79 billion, a price-to-earnings ratio of 35.07, a PEG ratio of 3.03 and a beta of 1.32.

Prologis (NYSE:PLD) last announced its earnings results on Thursday, April 16th. The real estate investment trust reported $1.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.24. The firm had revenue of $2.30 billion during the quarter, compared to analyst estimates of $2.12 billion. Prologis had a return on equity of 6.47% and a net margin of 41.54%.The business’s revenue was up 6.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.43 EPS. Prologis has set its FY 2026 guidance at 6.070-6.230 EPS. As a group, analysts expect that Prologis, Inc. will post 6.17 earnings per share for the current fiscal year.

Prologis Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 16th were issued a $1.07 dividend. The ex-dividend date was Tuesday, June 16th. This represents a $4.28 dividend on an annualized basis and a yield of 3.1%. Prologis’s dividend payout ratio is 107.81%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on PLD shares. Wells Fargo & Company boosted their target price on Prologis from $155.00 to $167.00 and gave the company an “overweight” rating in a research note on Monday, June 1st. Wall Street Zen lowered Prologis from a “hold” rating to a “sell” rating in a research note on Saturday, June 27th. BMO Capital Markets cut their price target on shares of Prologis from $162.00 to $158.00 and set an “outperform” rating on the stock in a report on Monday. Bank of America boosted their price objective on shares of Prologis from $153.00 to $162.00 and gave the company a “buy” rating in a research report on Monday, April 20th. Finally, BTIG Research upped their price objective on shares of Prologis from $160.00 to $170.00 and gave the stock a “buy” rating in a report on Wednesday. Fifteen research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $152.00.

Insider Transactions at Prologis

In other Prologis news, CFO Timothy D. Arndt sold 3,597 shares of the firm’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $150.00, for a total transaction of $539,550.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.52% 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.