Prologis, Inc. $PLD Shares Bought by Aptus Capital Advisors LLC

Aptus Capital Advisors LLC grew its holdings in shares of Prologis, Inc. (NYSE:PLD) by 494.5% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 48,888 shares of the real estate investment trust’s stock after acquiring an additional 40,664 shares during the period. Aptus Capital Advisors LLC’s holdings in Prologis were worth $6,241,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Ares Financial Consulting LLC acquired a new stake in Prologis in the fourth quarter valued at $26,000. High Point Wealth Management LLC acquired a new position in Prologis during the 4th quarter worth $26,000. Eagle Bay Advisors LLC acquired a new position in Prologis during the 4th quarter worth $27,000. SouthState Bank Corp increased its position in shares of Prologis by 73.1% in the 4th quarter. SouthState Bank Corp now owns 225 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 95 shares during the last quarter. Finally, Hilton Head Capital Partners LLC bought a new stake in shares of Prologis in the 4th quarter worth about $29,000. Institutional investors and hedge funds own 93.50% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on PLD. JPMorgan Chase & Co. increased their price target on shares of Prologis from $141.00 to $157.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 21st. Wall Street Zen upgraded Prologis from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Wells Fargo & Company increased their target price on Prologis from $155.00 to $167.00 and gave the stock an “overweight” rating in a report on Monday, June 1st. Citigroup lifted their target price on Prologis from $145.00 to $165.00 and gave the stock a “buy” rating in a research report on Tuesday, April 21st. Finally, UBS Group boosted their price target on Prologis from $148.00 to $161.00 and gave the company a “buy” rating in a report on Friday, April 17th. Sixteen analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, Prologis has a consensus rating of “Moderate Buy” and a consensus price target of $151.86.

Prologis Stock Down 0.2%

Prologis stock opened at $148.45 on Tuesday. The company has a 50-day simple moving average of $142.28 and a 200-day simple moving average of $135.72. The firm has a market capitalization of $138.41 billion, a P/E ratio of 37.39, a P/E/G ratio of 3.27 and a beta of 1.32. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.51 and a current ratio of 0.51. Prologis, Inc. has a one year low of $103.41 and a one year high of $150.18.

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

Prologis Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 16th will be issued a dividend of $1.07 per share. This represents a $4.28 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend is Tuesday, June 16th. Prologis’s payout ratio is 107.81%.

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.