Raleigh Capital Management Inc. Grows Holdings in Prologis, Inc. $PLD

Raleigh Capital Management Inc. raised its position in Prologis, Inc. (NYSE:PLD) by 32.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 20,193 shares of the real estate investment trust’s stock after buying an additional 4,960 shares during the period. Raleigh Capital Management Inc.’s holdings in Prologis were worth $2,312,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Clayton Financial Group LLC purchased a new position in Prologis in the third quarter valued at about $26,000. Silver Oak Securities Incorporated acquired a new position in shares of Prologis in the 3rd quarter valued at approximately $36,000. AlphaQuest LLC purchased a new position in shares of Prologis during the 3rd quarter valued at approximately $39,000. Twin Peaks Wealth Advisors LLC acquired a new stake in shares of Prologis during the second quarter worth approximately $44,000. Finally, SJS Investment Consulting Inc. acquired a new stake in shares of Prologis during the third quarter worth approximately $44,000. 93.50% of the stock is currently owned by institutional investors and hedge funds.

Prologis Stock Performance

Shares of NYSE PLD opened at $129.76 on Tuesday. The company has a quick ratio of 0.64, a current ratio of 0.19 and a debt-to-equity ratio of 0.61. The firm’s 50-day moving average price is $128.93 and its two-hundred day moving average price is $120.21. Prologis, Inc. has a 52-week low of $85.35 and a 52-week high of $134.94. The stock has a market capitalization of $120.53 billion, a P/E ratio of 36.55, a P/E/G ratio of 3.23 and a beta of 1.40.

Prologis (NYSE:PLD) last announced its quarterly earnings results on Wednesday, January 21st. The real estate investment trust reported $1.44 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.44. The business had revenue of $2.25 billion for the quarter, compared to analysts’ expectations of $2.09 billion. Prologis had a return on equity of 6.64% and a net margin of 37.86%.The business’s quarterly revenue was up 7.8% on a year-over-year basis. During the same period in the prior year, the firm earned $1.42 EPS. Prologis has set its FY 2026 guidance at 6.000-6.200 EPS. As a group, sell-side analysts forecast that Prologis, Inc. will post 5.73 earnings per share for the current year.

Prologis Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 16th were paid a $1.01 dividend. This represents a $4.04 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date was Tuesday, December 16th. Prologis’s dividend payout ratio (DPR) is presently 113.80%.

Wall Street Analysts Forecast Growth

PLD has been the topic of a number of research analyst reports. Wells Fargo & Company increased their price objective on shares of Prologis from $120.00 to $139.00 and gave the company an “overweight” rating in a research note on Monday, October 27th. Industrial Alliance Securities set a $119.00 target price on shares of Prologis in a research note on Monday, October 20th. Argus lifted their price target on Prologis from $128.00 to $135.00 and gave the stock a “buy” rating in a research note on Thursday, January 22nd. Evercore ISI boosted their price objective on Prologis from $118.00 to $121.00 and gave the company an “in-line” rating in a report on Thursday, January 22nd. Finally, Scotiabank raised Prologis from a “sector perform” rating to a “sector outperform” rating and increased their target price for the stock from $133.00 to $146.00 in a report on Wednesday, January 14th. Thirteen equities research 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, Prologis presently has an average rating of “Moderate Buy” and a consensus price target of $135.32.

Insider Activity

In other news, Director Cristina Gabriela Bita sold 621 shares of the business’s stock in a transaction on Monday, December 1st. The shares were sold at an average price of $127.60, for a total transaction of $79,239.60. Following the completion of the transaction, the director owned 8,208 shares of the company’s stock, valued at approximately $1,047,340.80. The trade was a 7.03% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.57% of the company’s stock.

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.