TD Asset Management Inc Grows Position in Prologis, Inc. $PLD

TD Asset Management Inc grew its position in Prologis, Inc. (NYSE:PLD) by 1.2% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 353,933 shares of the real estate investment trust’s stock after acquiring an additional 4,264 shares during the quarter. TD Asset Management Inc’s holdings in Prologis were worth $40,532,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Brighton Jones LLC increased its position in Prologis by 629.0% in the fourth quarter. Brighton Jones LLC now owns 17,475 shares of the real estate investment trust’s stock worth $1,847,000 after purchasing an additional 15,078 shares during the last quarter. Schnieders Capital Management LLC. raised its position in shares of Prologis by 45.4% during the 2nd quarter. Schnieders Capital Management LLC. now owns 10,728 shares of the real estate investment trust’s stock valued at $1,128,000 after buying an additional 3,350 shares in the last quarter. Daymark Wealth Partners LLC grew its position in Prologis by 29.1% in the second quarter. Daymark Wealth Partners LLC now owns 2,508 shares of the real estate investment trust’s stock worth $264,000 after acquiring an additional 566 shares in the last quarter. World Investment Advisors increased its stake in Prologis by 29.0% during the second quarter. World Investment Advisors now owns 16,753 shares of the real estate investment trust’s stock worth $1,761,000 after acquiring an additional 3,765 shares during the last quarter. Finally, Assetmark Inc. raised its position in Prologis by 6.9% during the second quarter. Assetmark Inc. now owns 72,133 shares of the real estate investment trust’s stock valued at $7,583,000 after purchasing an additional 4,664 shares during the period. 93.50% of the stock is currently owned by institutional investors.

Prologis Stock Down 0.2%

Shares of NYSE PLD opened at $142.44 on Friday. Prologis, Inc. has a 52-week low of $85.35 and a 52-week high of $143.95. The firm has a market capitalization of $132.41 billion, a price-to-earnings ratio of 40.12, a PEG ratio of 3.53 and a beta of 1.42. The stock has a 50 day moving average price of $132.89 and a 200 day moving average price of $124.20. 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 earnings per share for the quarter, meeting analysts’ consensus estimates 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 analyst estimates of $2.09 billion. During the same period in the previous year, the company posted $1.42 EPS. Prologis’s revenue was up 7.8% on a year-over-year basis. Prologis has set its FY 2026 guidance at 6.000-6.200 EPS. Sell-side analysts expect that Prologis, Inc. will post 5.73 earnings per share for the current year.

Prologis Increases Dividend

The firm also recently disclosed 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 represents a $4.28 dividend on an annualized basis and a yield of 3.0%. This is a boost from Prologis’s previous quarterly dividend of $1.01. The ex-dividend date of this dividend is Tuesday, March 17th. Prologis’s payout ratio is currently 113.80%.

Insider Transactions at Prologis

In other Prologis news, Director Cristina Gabriela Bita sold 621 shares of the stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $127.60, for a total transaction of $79,239.60. Following the transaction, the director directly owned 8,208 shares in the company, valued at $1,047,340.80. This represents a 7.03% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.57% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Mizuho increased their price target on Prologis from $138.00 to $143.00 and gave the company an “outperform” rating in a report on Monday, January 26th. BTIG Research raised their target price on shares of Prologis from $134.00 to $155.00 and gave the stock a “buy” rating in a report on Wednesday, December 31st. Argus upped their price target on shares of Prologis from $128.00 to $135.00 and gave the company a “buy” rating in a report on Thursday, January 22nd. Barclays reissued an “overweight” rating and issued a $139.00 price objective on shares of Prologis in a research report on Tuesday, January 13th. Finally, Citigroup reaffirmed a “buy” rating on shares of Prologis in a research note on Monday, January 26th. Fourteen analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, Prologis currently has an average rating of “Moderate Buy” and a consensus price target of $136.95.

About Prologis

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.