Cary Street Partners Financial LLC Has $4.06 Million Stock Holdings in Prologis, Inc. $PLD

Cary Street Partners Financial LLC increased its holdings in shares of Prologis, Inc. (NYSE:PLD) by 3,922.5% during the 3rd quarter, Holdings Channel.com reports. The fund owned 35,438 shares of the real estate investment trust’s stock after acquiring an additional 34,557 shares during the period. Cary Street Partners Financial LLC’s holdings in Prologis were worth $4,058,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Clayton Financial Group LLC bought a new position in Prologis during the third quarter worth about $26,000. Silver Oak Securities Incorporated bought a new stake in shares of Prologis in the 3rd quarter valued at approximately $36,000. Rossby Financial LCC raised its holdings in shares of Prologis by 69.6% in the 3rd quarter. Rossby Financial LCC now owns 329 shares of the real estate investment trust’s stock worth $38,000 after buying an additional 135 shares in the last quarter. AlphaQuest LLC bought a new position in shares of Prologis during the 3rd quarter worth approximately $39,000. Finally, Clear Investment Research LLC boosted its stake in Prologis by 34.5% in the 3rd quarter. Clear Investment Research LLC now owns 343 shares of the real estate investment trust’s stock valued at $39,000 after buying an additional 88 shares in the last quarter. Institutional investors own 93.50% of the company’s stock.

Prologis Price Performance

PLD opened at $140.13 on Thursday. 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 stock has a market capitalization of $130.26 billion, a P/E ratio of 39.47, a price-to-earnings-growth ratio of 3.47 and a beta of 1.42. The company’s 50 day simple moving average is $132.29 and its 200-day simple moving average is $123.80. Prologis, Inc. has a one year low of $85.35 and a one year high of $142.40.

Prologis (NYSE:PLD) last posted its quarterly earnings data on Wednesday, January 21st. The real estate investment trust reported $1.44 earnings per share for the quarter, hitting the consensus estimate of $1.44. The firm had revenue of $2.25 billion during the quarter, compared to analysts’ expectations of $2.09 billion. Prologis had a net margin of 37.86% and a return on equity of 5.79%. Prologis’s revenue was up 7.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.42 EPS. 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 fiscal year.

Prologis Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 17th will be issued a $1.07 dividend. This is a positive change from Prologis’s previous quarterly dividend of $1.01. This represents a $4.28 annualized dividend and a yield of 3.1%. The ex-dividend date is Tuesday, March 17th. Prologis’s dividend payout ratio (DPR) is 113.80%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on PLD shares. UBS Group increased their price objective on Prologis from $144.00 to $148.00 and gave the stock a “buy” rating in a research note on Thursday, January 22nd. BMO Capital Markets reiterated a “market perform” rating and set a $123.00 target price on shares of Prologis in a research report on Thursday, January 22nd. Evercore lifted their price target on shares of Prologis from $118.00 to $121.00 and gave the company an “in-line” rating in a report on Thursday, January 22nd. Morgan Stanley set a $135.00 price objective on shares of Prologis in a research note on Friday, January 16th. Finally, Argus lifted their target price on shares of Prologis from $128.00 to $135.00 and gave the company a “buy” rating in a research note on Thursday, January 22nd. Fourteen investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat, Prologis presently has a consensus rating of “Moderate Buy” and an average price target of $136.95.

Insider Buying and Selling

In other Prologis news, Director Cristina Gabriela Bita sold 621 shares of the business’s stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $127.60, for a total transaction of $79,239.60. Following the completion of the sale, the director directly 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 position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.57% of the stock is currently owned by insiders.

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.