Prologis, Inc. $PLD Stake Lifted by Van ECK Associates Corp

Van ECK Associates Corp grew its position in shares of Prologis, Inc. (NYSE:PLD) by 9.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 539,465 shares of the real estate investment trust’s stock after acquiring an additional 44,346 shares during the quarter. Van ECK Associates Corp’s holdings in Prologis were worth $61,780,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Whittier Trust Co. of Nevada Inc. increased its stake in shares of Prologis by 0.5% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 16,583 shares of the real estate investment trust’s stock valued at $1,941,000 after purchasing an additional 82 shares during the period. Foster Dykema Cabot & Partners LLC raised its stake in shares of Prologis by 1.0% in the 3rd quarter. Foster Dykema Cabot & Partners LLC now owns 8,232 shares of the real estate investment trust’s stock worth $943,000 after buying an additional 83 shares in the last quarter. Cornerstone Advisory LLC lifted its holdings in shares of Prologis by 2.4% in the third quarter. Cornerstone Advisory LLC now owns 3,535 shares of the real estate investment trust’s stock valued at $405,000 after buying an additional 84 shares during the period. Clear Investment Research LLC lifted its holdings in Prologis by 34.5% in the 3rd 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. Finally, Fidelis Capital Partners LLC grew its stake in shares of Prologis by 1.0% in the 3rd quarter. Fidelis Capital Partners LLC now owns 9,069 shares of the real estate investment trust’s stock worth $1,039,000 after purchasing an additional 89 shares during the last quarter. 93.50% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts recently commented on the stock. Weiss Ratings reiterated a “buy (b-)” rating on shares of Prologis in a report on Monday, December 29th. Morgan Stanley set a $135.00 price target on Prologis in a research report on Friday, January 16th. BNP Paribas Exane lifted their price target on Prologis from $129.00 to $140.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 21st. Evercore boosted their price objective on Prologis from $118.00 to $121.00 and gave the stock an “in-line” rating in a report on Thursday, January 22nd. Finally, Truist Financial reduced their price objective on shares of Prologis from $142.00 to $139.00 and set a “buy” rating for the company in a research note on Monday, January 26th. Fourteen research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $137.20.

Prologis Trading Up 0.8%

Prologis stock opened at $136.18 on Wednesday. Prologis, Inc. has a 12 month low of $85.35 and a 12 month high of $143.95. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.61. The stock has a market cap of $126.59 billion, a P/E ratio of 38.36, a P/E/G ratio of 3.34 and a beta of 1.41. The company’s fifty day simple moving average is $134.23 and its 200-day simple moving average is $125.92.

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

Prologis Increases Dividend

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

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.