Atria Investments Inc Raises Position in Prologis, Inc. $PLD

Atria Investments Inc raised its position in shares of Prologis, Inc. (NYSE:PLD) by 11.5% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 115,921 shares of the real estate investment trust’s stock after acquiring an additional 11,967 shares during the quarter. Atria Investments Inc’s holdings in Prologis were worth $13,275,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Whittier Trust Co. of Nevada Inc. lifted its stake in shares of Prologis by 0.5% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 16,583 shares of the real estate investment trust’s stock worth $1,941,000 after buying an additional 82 shares in the last quarter. Fidelis Capital Partners LLC lifted its position in Prologis by 1.0% in the 3rd quarter. Fidelis Capital Partners LLC now owns 9,069 shares of the real estate investment trust’s stock valued at $1,039,000 after acquiring an additional 89 shares in the last quarter. Ignite Planners LLC boosted its stake in Prologis by 3.2% during the 3rd quarter. Ignite Planners LLC now owns 2,937 shares of the real estate investment trust’s stock valued at $336,000 after purchasing an additional 92 shares during the last quarter. ORG Partners LLC increased its holdings in shares of Prologis by 3.3% in the 3rd quarter. ORG Partners LLC now owns 2,867 shares of the real estate investment trust’s stock worth $328,000 after purchasing an additional 92 shares in the last quarter. Finally, Stratos Wealth Partners LTD. raised its stake in shares of Prologis by 0.7% in the second quarter. Stratos Wealth Partners LTD. now owns 13,678 shares of the real estate investment trust’s stock worth $1,438,000 after purchasing an additional 93 shares during the last quarter. Institutional investors own 93.50% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently commented on PLD shares. Barclays reaffirmed an “overweight” rating and set a $139.00 price objective on shares of Prologis in a research report on Tuesday, January 13th. Truist Financial reduced their price target on shares of Prologis from $142.00 to $139.00 and set a “buy” rating for the company in a research note on Monday, January 26th. Mizuho boosted their price objective on shares of Prologis from $138.00 to $143.00 and gave the company an “outperform” rating in a report on Monday, January 26th. Wells Fargo & Company raised their target price on shares of Prologis from $120.00 to $139.00 and gave the stock an “overweight” rating in a report on Monday, October 27th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Prologis in a research note on Monday, December 29th. Thirteen analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, Prologis presently has a consensus rating of “Moderate Buy” and an average price target of $135.32.

Insider Buying and Selling

In other Prologis news, Director Cristina Gabriela Bita sold 621 shares of Prologis stock in a transaction that occurred 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 transaction, the director owned 8,208 shares of the company’s stock, valued at $1,047,340.80. The trade was a 7.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.57% of the company’s stock.

Prologis Price Performance

Shares of Prologis stock opened at $136.46 on Friday. Prologis, Inc. has a one year low of $85.35 and a one year high of $141.95. The stock’s fifty day moving average is $130.25 and its 200 day moving average is $121.60. The stock has a market cap of $126.76 billion, a P/E ratio of 38.44, a P/E/G ratio of 3.46 and a beta of 1.42. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.64 and a current ratio of 0.19.

Prologis (NYSE:PLD) last released its quarterly earnings results on Wednesday, January 21st. The real estate investment trust reported $1.44 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.44. The business had revenue of $2.25 billion during the quarter, compared to analyst estimates of $2.09 billion. Prologis had a return on equity of 5.78% and a net margin of 37.86%.Prologis’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.42 earnings per share. Prologis has set its FY 2026 guidance at 6.000-6.200 EPS. Sell-side analysts anticipate that Prologis, Inc. will post 5.73 earnings per share for the current year.

Prologis Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Tuesday, December 16th were issued a $1.01 dividend. This represents a $4.04 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend was Tuesday, December 16th. Prologis’s dividend payout ratio is currently 113.80%.

Prologis 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.