LGT Group Foundation Has $70.99 Million Stake in Prologis, Inc. $PLD

LGT Group Foundation lessened its position in Prologis, Inc. (NYSE:PLD) by 7.3% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 609,425 shares of the real estate investment trust’s stock after selling 48,115 shares during the period. Prologis accounts for about 0.8% of LGT Group Foundation’s portfolio, making the stock its 28th biggest holding. LGT Group Foundation owned about 0.07% of Prologis worth $70,986,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the company. Clayton Financial Group LLC acquired a new position in shares of Prologis in the third quarter valued at approximately $26,000. Silver Oak Securities Incorporated bought a new stake in Prologis during the 3rd quarter worth approximately $36,000. Rossby Financial LCC increased its position in Prologis by 69.6% in the 3rd quarter. Rossby Financial LCC now owns 329 shares of the real estate investment trust’s stock valued at $38,000 after acquiring an additional 135 shares during the period. Dogwood Wealth Management LLC raised its stake in shares of Prologis by 87.3% during the third quarter. Dogwood Wealth Management LLC now owns 339 shares of the real estate investment trust’s stock valued at $39,000 after acquiring an additional 158 shares during the last quarter. Finally, Clear Investment Research LLC raised its stake in shares of Prologis by 34.5% during the third quarter. Clear Investment Research LLC now owns 343 shares of the real estate investment trust’s stock valued at $39,000 after acquiring an additional 88 shares during the last quarter. 93.50% of the stock is owned by institutional investors and hedge funds.

Prologis Stock Down 2.5%

Shares of Prologis stock opened at $134.42 on Monday. The stock’s 50-day moving average is $133.95 and its 200 day moving average is $125.56. Prologis, Inc. has a one year low of $85.35 and a one year high of $143.95. The firm has a market cap of $124.95 billion, a price-to-earnings ratio of 37.86, a PEG ratio of 3.33 and a beta of 1.41. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.58 and a quick ratio of 0.58.

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

Prologis Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 17th will be given a dividend of $1.07 per share. This represents a $4.28 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date is Tuesday, March 17th. This is a boost from Prologis’s previous quarterly dividend of $1.01. Prologis’s dividend payout ratio is presently 120.56%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the company. Royal Bank Of Canada increased their price objective on Prologis from $132.00 to $135.00 and gave the company a “sector perform” rating in a report on Monday, February 2nd. Weiss Ratings reiterated a “buy (b-)” rating on shares of Prologis in a research report on Monday, December 29th. Mizuho raised their price objective on Prologis from $138.00 to $143.00 and gave the stock an “outperform” rating in a research report on Monday, January 26th. Argus upped their target price on Prologis from $128.00 to $135.00 and gave the company a “buy” rating in a report on Thursday, January 22nd. Finally, Wall Street Zen lowered shares of Prologis from a “hold” rating to a “sell” rating in a report on Saturday, February 7th. Fourteen analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target 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.