Ascentis Independent Advisors Buys 3,736 Shares of Prologis, Inc. $PLD

Ascentis Independent Advisors boosted its stake in Prologis, Inc. (NYSE:PLD) by 105.0% in the first quarter, Holdings Channel reports. The firm owned 7,294 shares of the real estate investment trust’s stock after purchasing an additional 3,736 shares during the quarter. Ascentis Independent Advisors’ holdings in Prologis were worth $964,000 at the end of the most recent reporting period.

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

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Weiss Ratings upgraded Prologis from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, May 1st. Bank of America upped their price objective on Prologis from $153.00 to $162.00 and gave the stock a “buy” rating in a research report on Monday, April 20th. Royal Bank Of Canada raised their price objective on Prologis from $135.00 to $148.00 and gave the company a “sector perform” rating in a research note on Tuesday, April 28th. DA Davidson lifted their target price on Prologis from $140.00 to $160.00 and gave the company a “buy” rating in a research report on Tuesday, April 21st. Finally, BMO Capital Markets lowered their target price on Prologis from $162.00 to $158.00 and set an “outperform” rating for the company in a research note on Monday, June 29th. Fifteen investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $152.00.

Insider Transactions at Prologis

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

Prologis Stock Up 2.5%

Shares of PLD opened at $143.74 on Wednesday. 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 52 week low of $103.41 and a 52 week high of $150.18. The stock has a market capitalization of $134.01 billion, a price-to-earnings ratio of 36.21 and a beta of 1.32. The stock has a fifty day moving average of $142.77 and a 200-day moving average of $137.08.

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

Prologis Dividend Announcement

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

Prologis 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.