Islay Capital Management LLC Makes New Investment in Prologis, Inc. $PLD

Islay Capital Management LLC acquired a new stake in Prologis, Inc. (NYSE:PLD) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 17,444 shares of the real estate investment trust’s stock, valued at approximately $1,998,000. Prologis makes up 1.1% of Islay Capital Management LLC’s portfolio, making the stock its 24th largest position.

A number of other hedge funds have also recently made changes to their positions in PLD. Norges Bank bought a new stake in Prologis during the 2nd quarter valued at approximately $1,288,936,000. Franklin Resources Inc. boosted its stake in Prologis by 216.0% in the 2nd quarter. Franklin Resources Inc. now owns 10,050,843 shares of the real estate investment trust’s stock worth $1,056,545,000 after purchasing an additional 6,870,479 shares during the period. State Street Corp grew its holdings in Prologis by 1.9% during the 2nd quarter. State Street Corp now owns 58,640,842 shares of the real estate investment trust’s stock valued at $6,164,325,000 after buying an additional 1,088,544 shares in the last quarter. Federated Hermes Inc. raised its position in shares of Prologis by 30.3% during the third quarter. Federated Hermes Inc. now owns 4,256,236 shares of the real estate investment trust’s stock valued at $487,424,000 after buying an additional 988,986 shares during the last quarter. Finally, Mondrian Investment Partners LTD bought a new stake in shares of Prologis during the third quarter valued at approximately $112,141,000. Institutional investors own 93.50% of the company’s stock.

Prologis Stock Down 1.2%

Shares of NYSE PLD opened at $137.73 on Friday. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.61. Prologis, Inc. has a 12-month low of $85.35 and a 12-month high of $143.95. The firm’s 50-day moving average price is $133.84 and its 200-day moving average price is $125.15. The stock has a market capitalization of $128.03 billion, a price-to-earnings ratio of 38.80, a P/E/G ratio of 3.45 and a beta of 1.41.

Prologis (NYSE:PLD) last released its quarterly earnings results on Wednesday, January 21st. The real estate investment trust reported $1.44 EPS for the quarter, hitting the consensus estimate of $1.44. Prologis had a return on equity of 5.79% and a net margin of 37.86%.The company had revenue of $2.25 billion during the quarter, compared to analyst estimates of $2.09 billion. During the same quarter last year, the business posted $1.42 earnings per share. The firm’s revenue was up 7.8% on a year-over-year basis. Prologis has set its FY 2026 guidance at 6.000-6.200 EPS. On average, equities research analysts anticipate that Prologis, Inc. will post 5.73 EPS for the current fiscal year.

Prologis Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 17th will be given a dividend of $1.07 per share. The ex-dividend date of this dividend is Tuesday, March 17th. This represents a $4.28 annualized dividend and a dividend yield of 3.1%. This is an increase from Prologis’s previous quarterly dividend of $1.01. Prologis’s dividend payout ratio is presently 113.80%.

Wall Street Analysts Forecast Growth

PLD has been the subject of a number of research reports. BMO Capital Markets restated a “market perform” rating and set a $123.00 target price on shares of Prologis in a research report on Thursday, January 22nd. UBS Group increased their price objective on shares of Prologis from $144.00 to $148.00 and gave the company a “buy” rating in a report on Thursday, January 22nd. Truist Financial cut their price objective on Prologis from $142.00 to $139.00 and set a “buy” rating for the company in a research report on Monday, January 26th. Scotiabank upgraded Prologis from a “sector perform” rating to a “sector outperform” rating and boosted their target price for the stock from $133.00 to $146.00 in a research report on Wednesday, January 14th. Finally, Evercore raised their price target on Prologis from $118.00 to $121.00 and gave the company an “in-line” rating in a report on Thursday, January 22nd. Fourteen research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $137.20.

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.