Quadrant Capital Group LLC Purchases 4,646 Shares of Prologis, Inc. $PLD

Quadrant Capital Group LLC grew its position in shares of Prologis, Inc. (NYSE:PLD) by 18.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 29,453 shares of the real estate investment trust’s stock after buying an additional 4,646 shares during the period. Quadrant Capital Group LLC’s holdings in Prologis were worth $3,373,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. D.A. Davidson & CO. lifted its holdings in Prologis by 16.7% during the 3rd quarter. D.A. Davidson & CO. now owns 587,157 shares of the real estate investment trust’s stock worth $67,241,000 after purchasing an additional 83,966 shares in the last quarter. Foresight Group Ltd Liability Partnership grew its holdings in Prologis by 240.1% during the 3rd quarter. Foresight Group Ltd Liability Partnership now owns 44,715 shares of the real estate investment trust’s stock valued at $5,109,000 after buying an additional 31,567 shares in the last quarter. National Pension Service increased its position in shares of Prologis by 2.4% during the third quarter. National Pension Service now owns 2,443,137 shares of the real estate investment trust’s stock valued at $279,788,000 after buying an additional 56,272 shares during the period. Envestnet Asset Management Inc. increased its position in shares of Prologis by 3.6% during the third quarter. Envestnet Asset Management Inc. now owns 3,644,875 shares of the real estate investment trust’s stock valued at $417,411,000 after buying an additional 126,613 shares during the period. Finally, Generali Asset Management SPA SGR lifted its holdings in shares of 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 buying an additional 25,133 shares in the last quarter. Institutional investors own 93.50% of the company’s stock.

Prologis Trading Down 1.3%

Shares of PLD opened at $134.39 on Thursday. Prologis, Inc. has a 1-year low of $85.35 and a 1-year high of $143.95. The company has a market capitalization of $124.92 billion, a P/E ratio of 37.86, a P/E/G ratio of 3.22 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. The firm’s 50 day simple moving average is $134.37 and its 200 day simple moving average is $125.98.

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 analysts’ consensus estimates of $1.44. The business had revenue of $2.25 billion during the quarter, compared to analysts’ expectations of $2.09 billion. Prologis had a net margin of 37.86% and a return on equity of 5.79%. The business’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.42 EPS. Prologis has set its FY 2026 guidance at 6.000-6.200 EPS. Sell-side analysts forecast that Prologis, Inc. will post 5.73 earnings per share for the current fiscal 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 $1.07 dividend. This represents a $4.28 annualized dividend and a yield of 3.2%. This is a boost from Prologis’s previous quarterly dividend of $1.01. The ex-dividend date is Tuesday, March 17th. Prologis’s dividend payout ratio (DPR) is presently 120.56%.

Wall Street Analyst Weigh In

PLD has been the subject of a number of analyst reports. Mizuho raised their price objective on shares of Prologis from $138.00 to $143.00 and gave the company an “outperform” rating in a research report on Monday, January 26th. The Goldman Sachs Group upped their target price on shares of Prologis from $137.00 to $148.00 and gave the stock a “neutral” rating in a report on Monday, February 9th. Argus increased their target price on shares of Prologis from $128.00 to $135.00 and gave the stock a “buy” rating in a research note on Thursday, January 22nd. Robert W. Baird reissued a “neutral” rating and issued a $130.00 price target (up from $128.00) on shares of Prologis in a report on Thursday, January 8th. Finally, BMO Capital Markets restated a “market perform” rating and set a $123.00 price target on shares of Prologis in a research report on Thursday, January 22nd. Fourteen investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $137.20.

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.