HB Wealth Management LLC Has $4.40 Million Position in Prologis, Inc. $PLD

HB Wealth Management LLC raised its holdings in shares of Prologis, Inc. (NYSE:PLD) by 14.6% in the first quarter, HoldingsChannel.com reports. The firm owned 33,299 shares of the real estate investment trust’s stock after buying an additional 4,252 shares during the period. HB Wealth Management LLC’s holdings in Prologis were worth $4,402,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Brighton Jones LLC grew its holdings in shares of Prologis by 629.0% during the fourth quarter. Brighton Jones LLC now owns 17,475 shares of the real estate investment trust’s stock valued at $1,847,000 after buying an additional 15,078 shares during the last quarter. Schnieders Capital Management LLC. raised its holdings in shares of Prologis by 45.4% in the 2nd quarter. Schnieders Capital Management LLC. now owns 10,728 shares of the real estate investment trust’s stock worth $1,128,000 after acquiring an additional 3,350 shares during the last quarter. Walleye Capital LLC bought a new position in Prologis in the 2nd quarter valued at about $422,000. NewEdge Advisors LLC lifted its position in Prologis by 6.8% in the 2nd quarter. NewEdge Advisors LLC now owns 63,829 shares of the real estate investment trust’s stock valued at $6,710,000 after acquiring an additional 4,074 shares in the last quarter. Finally, Treasurer of the State of North Carolina boosted its stake in Prologis by 2.4% during the 2nd quarter. Treasurer of the State of North Carolina now owns 433,312 shares of the real estate investment trust’s stock valued at $45,550,000 after purchasing an additional 10,266 shares during the last quarter. Institutional investors and hedge funds own 93.50% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. BMO Capital Markets decreased their price objective on Prologis from $162.00 to $158.00 and set an “outperform” rating for the company in a report on Monday, June 29th. UBS Group raised their target price on Prologis from $148.00 to $161.00 and gave the company a “buy” rating in a report on Friday, April 17th. Royal Bank Of Canada lifted their target price on Prologis from $135.00 to $148.00 and gave the company a “sector perform” rating in a research report on Tuesday, April 28th. Robert W. Baird upped their price target on Prologis from $133.00 to $136.00 and gave the stock a “neutral” rating in a report on Friday, April 17th. Finally, Jefferies Financial Group decreased their price target on Prologis from $157.00 to $155.00 and set a “buy” rating for the company in a report on Tuesday, April 14th. Fifteen investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Prologis presently has an average rating of “Moderate Buy” and an average price target of $152.00.

Prologis Trading Down 0.2%

Shares of PLD stock opened at $139.21 on Monday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.51 and a current ratio of 0.51. The company has a market capitalization of $129.79 billion, a price-to-earnings ratio of 35.07 and a beta of 1.32. Prologis, Inc. has a 52-week low of $103.41 and a 52-week high of $150.18. The company has a 50-day simple moving average of $142.78 and a two-hundred day simple moving average of $136.88.

Prologis (NYSE:PLD) last posted its earnings results on Thursday, April 16th. The real estate investment trust reported $1.05 EPS for the quarter, topping 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 firm had revenue of $2.30 billion for the quarter, compared to analysts’ expectations of $2.12 billion. During the same quarter last year, the firm earned $1.43 EPS. The company’s quarterly 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. Research analysts anticipate that Prologis, Inc. will post 6.17 EPS for the current fiscal year.

Prologis Announces Dividend

The firm also recently declared 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. This represents a $4.28 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date was Tuesday, June 16th. Prologis’s dividend payout ratio (DPR) is 107.81%.

Insider Buying and Selling

In other Prologis news, CFO Timothy D. Arndt sold 3,597 shares of the business’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $150.00, for a total value of $539,550.00. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 0.52% of the company’s stock.

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.