Clearbridge Investments LLC Purchases 20,967 Shares of Prologis, Inc. $PLD

Clearbridge Investments LLC raised its position in shares of Prologis, Inc. (NYSE:PLD) by 5.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 423,893 shares of the real estate investment trust’s stock after acquiring an additional 20,967 shares during the quarter. Clearbridge Investments LLC’s holdings in Prologis were worth $54,114,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. SouthState Bank Corp raised its holdings in shares of Prologis by 73.1% during the fourth quarter. SouthState Bank Corp now owns 225 shares of the real estate investment trust’s stock valued at $29,000 after purchasing an additional 95 shares during the period. Syon Capital LLC raised its holdings in shares of Prologis by 5.8% during the fourth quarter. Syon Capital LLC now owns 7,974 shares of the real estate investment trust’s stock valued at $1,018,000 after purchasing an additional 436 shares during the period. Capital Research Global Investors raised its holdings in shares of Prologis by 4.4% during the fourth quarter. Capital Research Global Investors now owns 16,061,390 shares of the real estate investment trust’s stock valued at $2,050,397,000 after purchasing an additional 678,363 shares during the period. Capital International Sarl acquired a new position in shares of Prologis during the fourth quarter valued at about $667,000. Finally, Capital Group Private Client Services Inc. acquired a new position in shares of Prologis during the fourth quarter valued at about $208,000. Institutional investors and hedge funds own 93.50% of the company’s stock.

Prologis Trading Down 1.2%

PLD opened at $142.84 on Tuesday. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.51 and a quick ratio of 0.51. Prologis, Inc. has a fifty-two week low of $103.41 and a fifty-two week high of $147.93. The firm has a market capitalization of $133.18 billion, a PE ratio of 35.98, a P/E/G ratio of 3.18 and a beta of 1.32. The company’s 50-day moving average is $140.66 and its 200 day moving average is $134.93.

Prologis (NYSE:PLD) last posted its earnings results on Thursday, April 16th. The real estate investment trust reported $1.05 earnings per share for the quarter, topping analysts’ consensus estimates of $0.81 by $0.24. Prologis had a net margin of 41.54% and a return on equity of 6.47%. The company had revenue of $2.30 billion for the quarter, compared to analyst estimates of $2.12 billion. During the same quarter in the prior year, the business posted $1.43 EPS. The firm’s revenue was up 6.9% compared to the same quarter last year. Prologis has set its FY 2026 guidance at 6.070-6.230 EPS. As a group, research analysts predict that Prologis, Inc. will post 6.18 earnings per share for the current fiscal year.

Prologis Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 16th will be issued a $1.07 dividend. This represents a $4.28 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date is Tuesday, June 16th. Prologis’s dividend payout ratio is currently 107.81%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on PLD shares. Argus upped their price objective on shares of Prologis from $135.00 to $152.00 and gave the company a “buy” rating in a report on Friday, April 17th. BTIG Research reiterated a “buy” rating and set a $155.00 price objective on shares of Prologis in a report on Wednesday, April 15th. Bank of America upped their price objective on shares of Prologis from $153.00 to $162.00 and gave the company a “buy” rating in a report on Monday, April 20th. Truist Financial upped their price objective on shares of Prologis from $139.00 to $154.00 and gave the company a “buy” rating in a report on Friday, April 24th. Finally, Wall Street Zen upgraded shares of Prologis from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Sixteen research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, Prologis has a consensus rating of “Moderate Buy” and an average target price of $151.86.

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.