Prologis, Inc. $PLD Shares Acquired by Fayez Sarofim & Co

Fayez Sarofim & Co grew its stake in Prologis, Inc. (NYSE:PLD) by 13.3% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 196,711 shares of the real estate investment trust’s stock after acquiring an additional 23,069 shares during the period. Fayez Sarofim & Co’s holdings in Prologis were worth $22,527,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in PLD. Flow Traders U.S. LLC acquired a new position in Prologis during the third quarter worth $899,000. Focus Partners Wealth grew its stake in shares of Prologis by 11.1% in the third quarter. Focus Partners Wealth now owns 106,510 shares of the real estate investment trust’s stock valued at $12,198,000 after buying an additional 10,643 shares in the last quarter. DoubleLine ETF Adviser LP raised its holdings in shares of Prologis by 6.3% in the 3rd quarter. DoubleLine ETF Adviser LP now owns 56,529 shares of the real estate investment trust’s stock valued at $6,474,000 after buying an additional 3,357 shares during the period. Elevation Point Wealth Partners LLC raised its holdings in shares of Prologis by 1,337.4% in the 3rd quarter. Elevation Point Wealth Partners LLC now owns 19,865 shares of the real estate investment trust’s stock valued at $2,275,000 after buying an additional 18,483 shares during the period. Finally, Brevan Howard Capital Management LP lifted its stake in Prologis by 45.7% during the 3rd quarter. Brevan Howard Capital Management LP now owns 82,804 shares of the real estate investment trust’s stock worth $9,483,000 after acquiring an additional 25,957 shares in the last quarter. 93.50% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently commented on PLD. Royal Bank Of Canada raised their target price on Prologis from $132.00 to $135.00 and gave the company a “sector perform” rating in a report on Monday, February 2nd. Jefferies Financial Group increased their price target on shares of Prologis from $146.00 to $157.00 and gave the stock a “buy” rating in a research report on Friday, February 20th. The Goldman Sachs Group raised their price objective on shares of Prologis from $137.00 to $148.00 and gave the company a “neutral” rating in a research note on Monday, February 9th. Scotiabank upgraded shares of Prologis from a “sector perform” rating to a “sector outperform” rating and lifted their price objective for the company from $133.00 to $146.00 in a report on Wednesday, January 14th. Finally, UBS Group increased their target price on shares of Prologis from $144.00 to $148.00 and gave the stock a “buy” rating in a report on Thursday, January 22nd. Fourteen equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $137.20.

Prologis Price Performance

Shares of NYSE PLD opened at $131.73 on Monday. 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 company has a market cap of $122.45 billion, a price-to-earnings ratio of 37.11, a price-to-earnings-growth ratio of 3.12 and a beta of 1.41. The stock’s 50-day moving average is $134.50 and its two-hundred day moving average is $126.36. Prologis, Inc. has a 1-year low of $85.35 and a 1-year high of $143.95.

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, meeting the consensus estimate 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 analysts’ expectations of $2.09 billion. During the same quarter last year, the business posted $1.42 EPS. The business’s quarterly 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. 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. Investors of record on Tuesday, March 17th will be paid a $1.07 dividend. This is an increase from Prologis’s previous quarterly dividend of $1.01. This represents a $4.28 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date is Tuesday, March 17th. Prologis’s payout ratio is presently 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.