Davis Selected Advisers Acquires 68,940 Shares of Prologis, Inc. $PLD

Davis Selected Advisers grew its holdings in Prologis, Inc. (NYSE:PLD) by 53.3% during the 3rd quarter, Holdings Channel.com reports. The fund owned 198,166 shares of the real estate investment trust’s stock after acquiring an additional 68,940 shares during the period. Davis Selected Advisers’ holdings in Prologis were worth $22,694,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Clayton Financial Group LLC bought a new stake in Prologis during the 3rd quarter valued at approximately $26,000. Silver Oak Securities Incorporated bought a new position in Prologis in the 3rd quarter worth approximately $36,000. Rossby Financial LCC grew its holdings in Prologis by 69.6% during the 3rd quarter. Rossby Financial LCC now owns 329 shares of the real estate investment trust’s stock valued at $38,000 after buying an additional 135 shares in the last quarter. AlphaQuest LLC purchased a new stake in Prologis during the 3rd quarter valued at approximately $39,000. Finally, Clear Investment Research LLC raised its position in shares of Prologis by 34.5% during the third quarter. Clear Investment Research LLC now owns 343 shares of the real estate investment trust’s stock valued at $39,000 after buying an additional 88 shares during the last quarter. Institutional investors own 93.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on PLD. Barclays reissued an “overweight” rating and issued a $139.00 target price on shares of Prologis in a report on Tuesday, January 13th. Wall Street Zen cut shares of Prologis from a “hold” rating to a “sell” rating in a research note on Saturday, February 7th. UBS Group boosted their price target on shares of Prologis from $144.00 to $148.00 and gave the stock a “buy” rating in a research note on Thursday, January 22nd. Jefferies Financial Group increased their price objective on shares of Prologis from $146.00 to $157.00 and gave the company a “buy” rating in a report on Friday, February 20th. Finally, Citigroup assumed coverage on Prologis in a research report on Thursday, March 5th. They set a “buy” rating and a $145.00 price objective for the company. Fourteen analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, Prologis has an average rating of “Moderate Buy” and a consensus target price of $137.20.

Prologis Stock Down 1.5%

NYSE PLD opened at $131.20 on Thursday. The stock has a 50 day moving average price of $134.79 and a 200-day moving average price of $126.68. Prologis, Inc. has a one year low of $85.35 and a one year high of $143.95. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.58 and a current ratio of 0.58. The company has a market capitalization of $121.96 billion, a P/E ratio of 36.96, a P/E/G ratio of 3.15 and a beta of 1.41.

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

Prologis Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 17th will be issued a $1.07 dividend. This represents a $4.28 dividend on an annualized basis and a dividend yield of 3.3%. 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 payout ratio is 120.56%.

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.