Prologis, Inc. $PLD Shares Acquired by Wealth Alliance LLC

Wealth Alliance LLC boosted its holdings in Prologis, Inc. (NYSE:PLD) by 35.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 25,539 shares of the real estate investment trust’s stock after purchasing an additional 6,706 shares during the quarter. Wealth Alliance LLC’s holdings in Prologis were worth $2,925,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. D.A. Davidson & CO. grew its stake in Prologis by 16.7% in the 3rd quarter. D.A. Davidson & CO. now owns 587,157 shares of the real estate investment trust’s stock valued at $67,241,000 after acquiring an additional 83,966 shares during the last quarter. Foresight Group Ltd Liability Partnership grew its position in shares of Prologis by 240.1% in the third 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 purchasing an additional 31,567 shares during the last quarter. National Pension Service increased its stake in shares of Prologis by 2.4% during the 3rd quarter. National Pension Service now owns 2,443,137 shares of the real estate investment trust’s stock worth $279,788,000 after purchasing an additional 56,272 shares in the last quarter. Envestnet Asset Management Inc. raised its position in shares of Prologis by 3.6% during the 3rd quarter. Envestnet Asset Management Inc. now owns 3,644,875 shares of the real estate investment trust’s stock worth $417,411,000 after purchasing an additional 126,613 shares during the last quarter. Finally, Generali Asset Management SPA SGR lifted its stake in Prologis by 33.4% in the 3rd quarter. Generali Asset Management SPA SGR now owns 100,314 shares of the real estate investment trust’s stock valued at $11,488,000 after buying an additional 25,133 shares in the last quarter. 93.50% of the stock is owned by hedge funds and other institutional investors.

Prologis Trading Up 0.5%

Shares of PLD stock traded up $0.70 on Friday, reaching $139.74. 160,313 shares of the stock were exchanged, compared to its average volume of 3,447,984. The company has a quick ratio of 0.64, a current ratio of 0.58 and a debt-to-equity ratio of 0.61. The stock has a market cap of $129.89 billion, a P/E ratio of 39.27, a price-to-earnings-growth ratio of 3.46 and a beta of 1.42. The firm has a 50 day moving average of $131.37 and a two-hundred day moving average of $122.72. Prologis, Inc. has a 1-year low of $85.35 and a 1-year high of $141.95.

Prologis (NYSE:PLD) last announced its quarterly earnings results on Wednesday, January 21st. The real estate investment trust reported $1.44 EPS for the quarter, hitting the consensus estimate of $1.44. The company had revenue of $2.25 billion during the quarter, compared to analyst estimates of $2.09 billion. Prologis had a return on equity of 5.79% and a net margin of 37.86%.The firm’s revenue was up 7.8% on a year-over-year basis. During the same period in the prior year, the firm posted $1.42 earnings per share. Prologis has set its FY 2026 guidance at 6.000-6.200 EPS. On average, research analysts anticipate that Prologis, Inc. will post 5.73 EPS 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 issued a dividend of $1.07 per share. This represents a $4.28 annualized dividend and a dividend yield of 3.1%. The ex-dividend date 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 presently 113.80%.

Insiders Place Their Bets

In related news, Director Cristina Gabriela Bita sold 621 shares of the stock in a transaction on Monday, December 1st. The stock was sold at an average price of $127.60, for a total value of $79,239.60. Following the completion of the sale, the director directly owned 8,208 shares in the company, valued at approximately $1,047,340.80. This represents a 7.03% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.57% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on PLD. Evercore increased their target price on Prologis from $118.00 to $121.00 and gave the company an “in-line” rating in a report on Thursday, January 22nd. UBS Group upped their price objective on Prologis from $144.00 to $148.00 and gave the company a “buy” rating in a research report on Thursday, January 22nd. The Goldman Sachs Group lifted their price objective on Prologis from $137.00 to $148.00 and gave the stock a “neutral” rating in a research report on Monday, February 9th. BTIG Research boosted their target price on shares of Prologis from $134.00 to $155.00 and gave the company a “buy” rating in a research note on Wednesday, December 31st. Finally, Barclays restated an “overweight” rating and issued a $139.00 target price on shares of Prologis in a report on Tuesday, January 13th. Thirteen investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat.com, Prologis currently has an average rating of “Moderate Buy” and a consensus target price of $135.89.

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.