Prologis, Inc. $PLD Shares Purchased by ProShare Advisors LLC

ProShare Advisors LLC grew its stake in shares of Prologis, Inc. (NYSE:PLD) by 5.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 203,582 shares of the real estate investment trust’s stock after buying an additional 10,738 shares during the period. ProShare Advisors LLC’s holdings in Prologis were worth $25,989,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the stock. High Point Wealth Management LLC purchased a new stake in Prologis during the 4th quarter worth about $26,000. Ares Financial Consulting LLC purchased a new position in Prologis in the 4th quarter valued at about $26,000. Eagle Bay Advisors LLC purchased a new position in Prologis in the 4th quarter valued at about $27,000. High Note Wealth LLC boosted its stake in shares of Prologis by 43.9% during the 4th quarter. High Note Wealth LLC now owns 249 shares of the real estate investment trust’s stock worth $32,000 after purchasing an additional 76 shares during the last quarter. Finally, True Wealth Design LLC boosted its stake in shares of Prologis by 87.1% during the 4th quarter. True Wealth Design LLC now owns 262 shares of the real estate investment trust’s stock worth $33,000 after purchasing an additional 122 shares during the last quarter. 93.50% of the stock is owned by institutional investors and hedge funds.

Prologis Trading Up 1.4%

Shares of PLD stock opened at $144.44 on Thursday. The firm’s 50-day simple moving average is $137.45 and its 200-day simple moving average is $133.12. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.51 and a quick ratio of 0.51. Prologis, Inc. has a 1-year low of $103.02 and a 1-year high of $145.44. The firm has a market cap of $134.67 billion, a P/E ratio of 36.38, a PEG ratio of 3.14 and a beta of 1.33.

Prologis (NYSE:PLD) last released its earnings results on Thursday, April 16th. The real estate investment trust reported $1.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.81 by $0.24. Prologis had a net margin of 41.54% and a return on equity of 6.47%. The firm had revenue of $2.30 billion during the quarter, compared to the consensus estimate of $2.12 billion. During the same period in the previous year, the firm earned $1.43 earnings per share. Prologis’s revenue was up 6.9% compared to the same quarter last year. Prologis has set its FY 2026 guidance at 6.070-6.230 EPS. As a group, equities analysts forecast that Prologis, Inc. will post 6.17 EPS for the current year.

Prologis Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 16th will be paid a dividend of $1.07 per share. The ex-dividend date of this dividend is Tuesday, June 16th. This represents a $4.28 annualized dividend and a dividend yield of 3.0%. Prologis’s payout ratio is currently 107.81%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the stock. Bank of America boosted their price objective on shares of Prologis from $153.00 to $162.00 and gave the company a “buy” rating in a research report on Monday, April 20th. Royal Bank Of Canada raised their target price on shares of Prologis from $135.00 to $148.00 and gave the stock a “sector perform” rating in a research report on Tuesday, April 28th. JPMorgan Chase & Co. lifted their target price on shares of Prologis from $141.00 to $157.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 21st. BTIG Research reiterated a “buy” rating and issued a $155.00 price target on shares of Prologis in a report on Wednesday, April 15th. Finally, Argus increased their price target on Prologis from $135.00 to $152.00 and gave the stock a “buy” rating in a research note on Friday, April 17th. Sixteen analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $149.76.

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.