Stratos Wealth Partners LTD. lifted its stake in Prologis, Inc. (NYSE:PLD – Free Report) by 24.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 25,280 shares of the real estate investment trust’s stock after acquiring an additional 5,033 shares during the period. Stratos Wealth Partners LTD.’s holdings in Prologis were worth $3,227,000 at the end of the most recent reporting period.
A number of other institutional investors have also made changes to their positions in PLD. Clayton Financial Group LLC bought a new position in shares of Prologis in the 3rd quarter valued at approximately $26,000. True Wealth Design LLC raised its stake in shares of Prologis by 87.1% in the 4th quarter. True Wealth Design LLC now owns 262 shares of the real estate investment trust’s stock valued at $33,000 after acquiring an additional 122 shares in the last quarter. Silver Oak Securities Incorporated bought a new position in shares of Prologis in the 3rd quarter valued at approximately $36,000. Rossby Financial LCC raised its stake 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 valued at $38,000 after acquiring an additional 135 shares in the last quarter. Finally, FNY Investment Advisers LLC bought a new position in shares of Prologis in the 4th quarter valued at approximately $38,000. 93.50% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
A number of brokerages recently weighed in on PLD. UBS Group raised their price objective on Prologis from $144.00 to $148.00 and gave the company a “buy” rating in a research note on Thursday, January 22nd. 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 note on Wednesday, January 21st. Weiss Ratings reissued a “buy (b-)” rating on shares of Prologis in a research note on Friday, March 27th. BMO Capital Markets reissued a “market perform” rating and issued a $123.00 price objective on shares of Prologis in a research note on Thursday, January 22nd. Finally, Citigroup assumed coverage on Prologis in a research note on Thursday, March 5th. They issued a “buy” rating and a $145.00 price objective on the stock. Fourteen analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat.com, Prologis currently has a consensus rating of “Moderate Buy” and an average price target of $137.20.
Prologis Stock Performance
PLD opened at $132.29 on Tuesday. The firm has a market capitalization of $123.33 billion, a P/E ratio of 37.27, a price-to-earnings-growth ratio of 3.16 and a beta of 1.40. The stock’s 50 day moving average price is $135.05 and its two-hundred day moving average price is $128.39. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.61. Prologis, Inc. has a 12-month low of $85.35 and a 12-month high of $143.95.
Prologis (NYSE:PLD – Get Free Report) last released its earnings results on Wednesday, January 21st. The real estate investment trust reported $1.44 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.44. The firm had revenue of $2.25 billion for the quarter, compared to analyst estimates of $2.09 billion. Prologis had a return on equity of 5.79% and a net margin of 37.86%.The company’s revenue was up 7.8% on a year-over-year basis. During the same quarter last year, the firm posted $1.42 EPS. Prologis has set its FY 2026 guidance at 6.000-6.200 EPS. On average, equities analysts forecast that Prologis, Inc. will post 5.73 earnings per share for the current year.
Prologis Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 17th were issued a $1.07 dividend. This is an increase from Prologis’s previous quarterly dividend of $1.01. The ex-dividend date of this dividend was Tuesday, March 17th. This represents a $4.28 dividend on an annualized basis and a yield of 3.2%. Prologis’s payout ratio is 120.56%.
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.
Further Reading
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