Prologis, Inc. $PLD Stake Lessened by Stelac Advisory Services LLC

Stelac Advisory Services LLC reduced its stake in Prologis, Inc. (NYSE:PLD) by 9.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 152,740 shares of the real estate investment trust’s stock after selling 15,302 shares during the period. Prologis accounts for 6.0% of Stelac Advisory Services LLC’s portfolio, making the stock its 3rd largest position. Stelac Advisory Services LLC’s holdings in Prologis were worth $17,492,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Whittier Trust Co. of Nevada Inc. boosted its holdings in shares of Prologis by 0.5% during the 3rd 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 buying an additional 82 shares in the last quarter. Foster Dykema Cabot & Partners LLC increased 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 acquiring an additional 83 shares in the last quarter. Cornerstone Advisory LLC lifted its position in Prologis by 2.4% during the 3rd quarter. Cornerstone Advisory LLC now owns 3,535 shares of the real estate investment trust’s stock valued at $405,000 after acquiring an additional 84 shares during the period. Clear Investment Research LLC boosted its stake in Prologis by 34.5% during the third quarter. Clear Investment Research LLC now owns 343 shares of the real estate investment trust’s stock worth $39,000 after acquiring an additional 88 shares in the last quarter. Finally, Fidelis Capital Partners LLC boosted its stake in Prologis by 1.0% during the third quarter. Fidelis Capital Partners LLC now owns 9,069 shares of the real estate investment trust’s stock worth $1,039,000 after acquiring an additional 89 shares in the last quarter. 93.50% of the stock is currently owned by hedge funds and other institutional investors.

Prologis Stock Up 1.2%

Shares of PLD traded up $1.55 on Friday, hitting $133.45. 185,962 shares of the stock traded hands, compared to its average volume of 3,515,219. Prologis, Inc. has a one year low of $85.35 and a one year high of $143.95. The company has a market capitalization of $124.05 billion, a PE ratio of 37.55, a P/E/G ratio of 3.18 and a beta of 1.41. The business has a 50 day simple moving average of $134.45 and a 200 day simple moving average of $126.02. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.58 and a current ratio of 0.58.

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

Prologis Increases Dividend

The business also recently disclosed 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 yield of 3.2%. This is a positive change from Prologis’s previous quarterly dividend of $1.01. The ex-dividend date is Tuesday, March 17th. Prologis’s payout ratio is currently 113.80%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on PLD shares. Citigroup initiated coverage on shares of Prologis in a report on Thursday, March 5th. They set a “buy” rating and a $145.00 target price for the company. Evercore raised their price objective on Prologis from $118.00 to $121.00 and gave the company an “in-line” rating in a research report on Thursday, January 22nd. BMO Capital Markets reiterated a “market perform” rating and set a $123.00 price objective on shares of Prologis in a research note on Thursday, January 22nd. Jefferies Financial Group boosted their target price on Prologis from $146.00 to $157.00 and gave the stock a “buy” rating in a report on Friday, February 20th. Finally, Royal Bank Of Canada increased their target price on Prologis from $132.00 to $135.00 and gave the stock a “sector perform” rating in a research note on Monday, February 2nd. Fourteen equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price 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.