Elevation Point Wealth Partners LLC Acquires 17,327 Shares of Prologis, Inc. $PLD

Elevation Point Wealth Partners LLC lifted its holdings in shares of Prologis, Inc. (NYSE:PLD) by 144.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 29,330 shares of the real estate investment trust’s stock after purchasing an additional 17,327 shares during the quarter. Elevation Point Wealth Partners LLC’s holdings in Prologis were worth $3,877,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. High Point Wealth Management LLC bought a new position in shares of Prologis in the 4th quarter worth $26,000. Ares Financial Consulting LLC bought a new stake in shares of Prologis during the 4th quarter worth $26,000. Eagle Bay Advisors LLC bought a new stake in shares of Prologis during the 4th quarter worth $27,000. SouthState Bank Corp lifted its holdings in shares of Prologis by 73.1% during the 4th quarter. SouthState Bank Corp now owns 225 shares of the real estate investment trust’s stock worth $29,000 after acquiring an additional 95 shares during the last quarter. Finally, Hilton Head Capital Partners LLC purchased a new position in Prologis in the fourth quarter worth $29,000. 93.50% of the stock is owned by hedge funds and other institutional investors.

Prologis Price Performance

Shares of NYSE:PLD opened at $139.21 on Friday. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 0.60. The stock has a market cap of $129.79 billion, a PE ratio of 35.07, a PEG ratio of 3.03 and a beta of 1.32. The company’s fifty day moving average is $142.78 and its 200 day moving average is $136.84. Prologis, Inc. has a 52 week low of $103.41 and a 52 week high of $150.18.

Prologis (NYSE:PLD) last posted its quarterly earnings results on Thursday, April 16th. The real estate investment trust reported $1.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.24. Prologis had a net margin of 41.54% and a return on equity of 6.47%. The business had revenue of $2.30 billion during the quarter, compared to analyst estimates of $2.12 billion. During the same period in the prior year, the business posted $1.43 earnings per share. The company’s revenue was up 6.9% on a year-over-year basis. Prologis has set its FY 2026 guidance at 6.070-6.230 EPS. Research analysts anticipate that Prologis, Inc. will post 6.17 earnings per share for the current year.

Prologis Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 16th were issued a dividend of $1.07 per share. The ex-dividend date was Tuesday, June 16th. This represents a $4.28 annualized dividend and a yield of 3.1%. Prologis’s dividend payout ratio is currently 107.81%.

Insiders Place Their Bets

In other Prologis news, CFO Timothy D. Arndt sold 3,597 shares of Prologis stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $150.00, for a total value of $539,550.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.52% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms recently commented on PLD. DA Davidson increased their target price on Prologis from $140.00 to $160.00 and gave the company a “buy” rating in a research note on Tuesday, April 21st. The Goldman Sachs Group reiterated a “neutral” rating and issued a $157.00 price objective on shares of Prologis in a report on Friday, April 17th. UBS Group increased their price objective on Prologis from $148.00 to $161.00 and gave the company a “buy” rating in a research report on Friday, April 17th. Bank of America raised their price objective on Prologis from $153.00 to $162.00 and gave the company a “buy” rating in a report on Monday, April 20th. Finally, Weiss Ratings upgraded Prologis from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, May 1st. Fifteen investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat, Prologis has an average rating of “Moderate Buy” and an average price target of $152.00.

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.