Elevation Point Wealth Partners LLC Acquires 18,483 Shares of Prologis, Inc. $PLD

Elevation Point Wealth Partners LLC increased its stake in shares of Prologis, Inc. (NYSE:PLD) by 1,337.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,865 shares of the real estate investment trust’s stock after buying an additional 18,483 shares during the period. Elevation Point Wealth Partners LLC’s holdings in Prologis were worth $2,275,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in PLD. Norges Bank bought a new position in shares of Prologis in the second quarter worth about $1,288,936,000. Franklin Resources Inc. grew its stake in shares of Prologis by 216.0% during the second quarter. Franklin Resources Inc. now owns 10,050,843 shares of the real estate investment trust’s stock valued at $1,056,545,000 after purchasing an additional 6,870,479 shares during the last quarter. State Street Corp increased its holdings in shares of Prologis by 1.9% in the second 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 purchasing an additional 1,088,544 shares in the last quarter. Amundi increased its holdings in shares of Prologis by 22.0% in the third quarter. Amundi now owns 5,651,563 shares of the real estate investment trust’s stock valued at $661,968,000 after purchasing an additional 1,020,819 shares in the last quarter. Finally, Federated Hermes Inc. raised its position in Prologis by 30.3% in the 3rd quarter. Federated Hermes Inc. now owns 4,256,236 shares of the real estate investment trust’s stock worth $487,424,000 after purchasing an additional 988,986 shares during the last quarter. Institutional investors own 93.50% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. BTIG Research upped their price objective on Prologis from $134.00 to $155.00 and gave the stock a “buy” rating in a report on Wednesday, December 31st. Robert W. Baird reissued a “neutral” rating and issued a $130.00 target price (up from $128.00) on shares of Prologis in a research note on Thursday, January 8th. UBS Group boosted their target price on Prologis from $144.00 to $148.00 and gave the stock a “buy” rating in a research report on Thursday, January 22nd. Mizuho upped their price target on Prologis from $138.00 to $143.00 and gave the company an “outperform” rating in a research note on Monday, January 26th. 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 analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $137.20.

Prologis Stock Down 0.1%

NYSE:PLD opened at $131.73 on Monday. Prologis, Inc. has a 1 year low of $85.35 and a 1 year high of $143.95. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.61. The stock has a market cap of $122.45 billion, a price-to-earnings ratio of 37.11, a PEG ratio of 3.12 and a beta of 1.41. The stock has a 50-day moving average price of $134.50 and a two-hundred day moving average price of $126.36.

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. Prologis had a return on equity of 5.79% and a net margin of 37.86%.The company had revenue of $2.25 billion for the quarter, compared to analyst estimates of $2.09 billion. During the same quarter last year, the firm posted $1.42 earnings per share. Prologis’s revenue was up 7.8% compared to the same quarter last year. Prologis has set its FY 2026 guidance at 6.000-6.200 EPS. As a group, equities analysts expect that Prologis, Inc. will post 5.73 earnings per share for the current year.

Prologis Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 17th will be paid a dividend of $1.07 per share. This represents a $4.28 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date of this dividend is Tuesday, March 17th. This is a positive change from Prologis’s previous quarterly dividend of $1.01. Prologis’s dividend payout ratio (DPR) is currently 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.