Assetmark Inc. Has $9.09 Million Stock Holdings in Prologis, Inc. $PLD

Assetmark Inc. grew its stake in Prologis, Inc. (NYSE:PLD) by 10.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 79,350 shares of the real estate investment trust’s stock after acquiring an additional 7,217 shares during the period. Assetmark Inc.’s holdings in Prologis were worth $9,087,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Norges Bank bought a new position in shares of Prologis in the second quarter valued at $1,288,936,000. Franklin Resources Inc. grew its position in shares of Prologis by 216.0% in the 2nd quarter. Franklin Resources Inc. now owns 10,050,843 shares of the real estate investment trust’s stock valued at $1,056,545,000 after acquiring an additional 6,870,479 shares during the period. State Street Corp grew its position in shares of Prologis by 1.9% in the 2nd quarter. State Street Corp now owns 58,640,842 shares of the real estate investment trust’s stock valued at $6,164,325,000 after acquiring an additional 1,088,544 shares during the period. Federated Hermes Inc. increased its stake in shares of Prologis by 30.3% during the 3rd quarter. Federated Hermes Inc. now owns 4,256,236 shares of the real estate investment trust’s stock worth $487,424,000 after purchasing an additional 988,986 shares during the last quarter. Finally, Balyasny Asset Management L.P. raised its holdings in shares of Prologis by 11,585.8% in the 2nd quarter. Balyasny Asset Management L.P. now owns 882,398 shares of the real estate investment trust’s stock valued at $92,758,000 after purchasing an additional 874,847 shares during the period. Institutional investors own 93.50% of the company’s stock.

Prologis Stock Performance

Prologis stock opened at $138.93 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 stock has a market cap of $129.05 billion, a PE ratio of 39.13, a P/E/G ratio of 3.44 and a beta of 1.42. Prologis, Inc. has a 12-month low of $85.35 and a 12-month high of $141.95. The business’s 50-day moving average price is $130.72 and its two-hundred day moving average price is $122.22.

Prologis (NYSE:PLD) last released its quarterly earnings data on Wednesday, January 21st. The real estate investment trust reported $1.44 earnings per share for the quarter, meeting the consensus estimate of $1.44. The company had revenue of $2.25 billion for the quarter, compared to the consensus estimate of $2.09 billion. Prologis had a return on equity of 6.64% 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 last year, the business posted $1.42 EPS. Prologis has set its FY 2026 guidance at 6.000-6.200 EPS. As a group, analysts expect that Prologis, Inc. will post 5.73 earnings per share for the current fiscal year.

Prologis Increases Dividend

The business 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. This is a boost from Prologis’s previous quarterly dividend of $1.01. The ex-dividend date is Tuesday, March 17th. This represents a $4.28 dividend on an annualized basis and a dividend yield of 3.1%. Prologis’s dividend payout ratio is presently 113.80%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on PLD shares. BNP Paribas Exane raised their price objective on Prologis from $129.00 to $140.00 and gave the company an “outperform” rating in a research report on Wednesday, January 21st. Truist Financial cut their price target on Prologis from $142.00 to $139.00 and set a “buy” rating for the company in a report on Monday, January 26th. Freedom Capital cut shares of Prologis from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 23rd. Morgan Stanley set a $135.00 price objective on shares of Prologis in a report on Friday, January 16th. Finally, 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 research note on Monday, October 27th. Thirteen analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $135.89.

Insider Buying and Selling at Prologis

In other news, Director Cristina Gabriela Bita sold 621 shares of the business’s stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $127.60, for a total value of $79,239.60. Following the transaction, the director owned 8,208 shares in the company, valued at approximately $1,047,340.80. The trade was a 7.03% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.57% 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.