Aristotle Atlantic Partners LLC Sells 5,322 Shares of Prologis, Inc. $PLD

Aristotle Atlantic Partners LLC lessened its position in Prologis, Inc. (NYSE:PLD) by 1.9% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 269,243 shares of the real estate investment trust’s stock after selling 5,322 shares during the quarter. Prologis makes up about 0.9% of Aristotle Atlantic Partners LLC’s portfolio, making the stock its 29th biggest position. Aristotle Atlantic Partners LLC’s holdings in Prologis were worth $30,834,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the company. Ameriprise Financial Inc. boosted its position in Prologis by 0.5% during the 3rd quarter. Ameriprise Financial Inc. now owns 6,837,026 shares of the real estate investment trust’s stock worth $778,528,000 after acquiring an additional 31,456 shares during the last quarter. Schonfeld Strategic Advisors LLC grew its stake in shares of Prologis by 205.7% during the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 187,046 shares of the real estate investment trust’s stock worth $21,421,000 after acquiring an additional 125,860 shares in the last quarter. Creative Planning raised its holdings in shares of Prologis by 303.2% in the third quarter. Creative Planning now owns 380,090 shares of the real estate investment trust’s stock valued at $43,528,000 after purchasing an additional 285,824 shares during the last quarter. FJ Capital Management LLC acquired a new stake in shares of Prologis in the third quarter valued at approximately $996,000. Finally, AQR Capital Management LLC lifted its position in shares of Prologis by 215.4% in the third quarter. AQR Capital Management LLC now owns 1,232,098 shares of the real estate investment trust’s stock worth $140,089,000 after purchasing an additional 841,448 shares in the last quarter. Institutional investors own 93.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Evercore increased their target price on shares of Prologis from $118.00 to $121.00 and gave the stock an “in-line” rating in a report on Thursday, January 22nd. UBS Group lifted their price target on shares of Prologis from $144.00 to $148.00 and gave the company a “buy” rating in a research note on Thursday, January 22nd. Robert W. Baird restated a “neutral” rating and set a $130.00 price objective (up from $128.00) on shares of Prologis in a research note on Thursday, January 8th. Wall Street Zen cut Prologis from a “hold” rating to a “sell” rating in a report on Saturday, February 7th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Prologis in a research report on Monday, December 29th. Fourteen investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $137.20.

Prologis Price Performance

NYSE:PLD opened at $131.73 on Friday. Prologis, Inc. has a 12-month low of $85.35 and a 12-month high of $143.95. The firm has a market capitalization of $122.45 billion, a price-to-earnings ratio of 37.11, a P/E/G ratio of 3.12 and a beta of 1.41. The stock’s 50 day moving average price is $134.50 and its two-hundred day moving average price is $126.26. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.61.

Prologis (NYSE:PLD) last issued its 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 the consensus estimate of $2.09 billion. Prologis had a return on equity of 5.79% and a net margin of 37.86%.The firm’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same period in the previous year, the company posted $1.42 EPS. Prologis has set its FY 2026 guidance at 6.000-6.200 EPS. On average, analysts anticipate that Prologis, Inc. will post 5.73 earnings per share for the current year.

Prologis Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 17th will be given a dividend of $1.07 per share. This represents a $4.28 dividend on an annualized basis and a yield of 3.2%. This is a positive change from Prologis’s previous quarterly dividend of $1.01. The ex-dividend date of this dividend is Tuesday, March 17th. Prologis’s dividend payout ratio (DPR) is presently 120.56%.

Prologis Company 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.