Knights of Columbus Asset Advisors LLC Has $13.63 Million Stock Position in Prologis, Inc. $PLD

Knights of Columbus Asset Advisors LLC lifted its position in shares of Prologis, Inc. (NYSE:PLD) by 10.5% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 119,016 shares of the real estate investment trust’s stock after purchasing an additional 11,315 shares during the period. Prologis accounts for approximately 0.8% of Knights of Columbus Asset Advisors LLC’s investment portfolio, making the stock its 27th biggest holding. Knights of Columbus Asset Advisors LLC’s holdings in Prologis were worth $13,630,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in PLD. D.A. Davidson & CO. boosted its position in shares of Prologis by 16.7% during the third quarter. D.A. Davidson & CO. now owns 587,157 shares of the real estate investment trust’s stock valued at $67,241,000 after buying an additional 83,966 shares during the last quarter. Generali Asset Management SPA SGR boosted its position in Prologis by 33.4% in the third quarter. Generali Asset Management SPA SGR now owns 100,314 shares of the real estate investment trust’s stock worth $11,488,000 after purchasing an additional 25,133 shares during the last quarter. Verity & Verity LLC increased its position in shares of Prologis by 42.8% during the 3rd quarter. Verity & Verity LLC now owns 165,438 shares of the real estate investment trust’s stock valued at $18,946,000 after purchasing an additional 49,604 shares during the last quarter. B. Riley Wealth Advisors Inc. bought a new stake in shares of Prologis during the 2nd quarter worth $875,000. Finally, First Citizens Bank & Trust Co. boosted its holdings in shares of Prologis by 313.0% in the 3rd quarter. First Citizens Bank & Trust Co. now owns 97,896 shares of the real estate investment trust’s stock worth $11,211,000 after buying an additional 74,190 shares during the last quarter. Institutional investors own 93.50% of the company’s stock.

Analysts Set New Price Targets

Several analysts have commented on PLD shares. Industrial Alliance Securities set a $119.00 price objective on shares of Prologis in a research report on Monday, October 20th. Barclays restated an “overweight” rating and issued a $139.00 target price on shares of Prologis in a research note on Tuesday, January 13th. Robert W. Baird reiterated a “neutral” rating and set a $130.00 price target (up previously from $128.00) on shares of Prologis in a research note on Thursday, January 8th. Wells Fargo & Company upped their price objective on shares of Prologis from $120.00 to $139.00 and gave the company an “overweight” rating in a report on Monday, October 27th. Finally, BMO Capital Markets reaffirmed a “market perform” rating and issued a $123.00 price target on shares of Prologis in a report on Thursday, January 22nd. Thirteen research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat.com, Prologis currently has a consensus rating of “Moderate Buy” and a consensus price target of $134.22.

Prologis Price Performance

NYSE:PLD opened at $130.47 on Friday. The firm has a market capitalization of $121.19 billion, a price-to-earnings ratio of 36.75, a P/E/G ratio of 3.15 and a beta of 1.40. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.64 and a current ratio of 0.19. The stock has a fifty day moving average of $128.78 and a 200 day moving average of $119.75. Prologis, Inc. has a 52-week low of $85.35 and a 52-week high of $134.94.

Prologis (NYSE:PLD) last issued its quarterly earnings results on Wednesday, January 21st. The real estate investment trust reported $1.44 EPS for the quarter, meeting analysts’ consensus estimates of $1.44. The business had revenue of $2.25 billion for the quarter, compared to analysts’ expectations of $2.09 billion. Prologis had a net margin of 37.86% and a return on equity of 5.78%. The business’s quarterly revenue was up 7.8% on a year-over-year basis. During the same period last year, the business earned $1.42 earnings per share. Prologis has set its FY 2026 guidance at 6.000-6.200 EPS. On average, research analysts expect that Prologis, Inc. will post 5.73 EPS for the current fiscal year.

Prologis Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 16th were issued a $1.01 dividend. The ex-dividend date was Tuesday, December 16th. This represents a $4.04 annualized dividend and a yield of 3.1%. Prologis’s dividend payout ratio (DPR) is 117.78%.

Insider Buying and Selling at Prologis

In other news, Director Cristina Gabriela Bita sold 621 shares of the business’s stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $127.60, for a total transaction of $79,239.60. Following the transaction, the director directly owned 8,208 shares of the company’s stock, valued at approximately $1,047,340.80. The trade was a 7.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.57% 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.