Savant Capital LLC Trims Position in Prologis, Inc. $PLD

Savant Capital LLC decreased its position in shares of Prologis, Inc. (NYSE:PLD) by 65.5% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 7,012 shares of the real estate investment trust’s stock after selling 13,336 shares during the period. Savant Capital LLC’s holdings in Prologis were worth $895,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. High Point Wealth Management LLC purchased a new position in shares of Prologis during the fourth quarter valued at approximately $26,000. Ares Financial Consulting LLC purchased a new position in shares of Prologis during the fourth quarter valued at approximately $26,000. Eagle Bay Advisors LLC purchased a new position in shares of Prologis during the fourth quarter valued at approximately $27,000. High Note Wealth LLC lifted its stake in shares of Prologis by 43.9% during the fourth quarter. High Note Wealth LLC now owns 249 shares of the real estate investment trust’s stock valued at $32,000 after buying an additional 76 shares during the period. Finally, True Wealth Design LLC lifted its stake in shares of Prologis by 87.1% during the fourth quarter. True Wealth Design LLC now owns 262 shares of the real estate investment trust’s stock valued at $33,000 after buying an additional 122 shares during the period. Hedge funds and other institutional investors own 93.50% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. JPMorgan Chase & Co. upped their price objective on shares of Prologis from $141.00 to $157.00 and gave the company an “overweight” rating in a research note on Tuesday, April 21st. Jefferies Financial Group reduced their price objective on shares of Prologis from $157.00 to $155.00 and set a “buy” rating on the stock in a research note on Tuesday, April 14th. Weiss Ratings raised shares of Prologis from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, May 1st. Robert W. Baird upped their price target on shares of Prologis from $133.00 to $136.00 and gave the stock a “neutral” rating in a research report on Friday, April 17th. Finally, Wall Street Zen raised shares of Prologis from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Sixteen research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, Prologis currently has a consensus rating of “Moderate Buy” and a consensus target price of $151.86.

Prologis Price Performance

Prologis stock opened at $140.25 on Wednesday. Prologis, Inc. has a 52-week low of $103.41 and a 52-week high of $147.93. The firm has a fifty day moving average of $139.36 and a 200-day moving average of $134.26. The firm has a market capitalization of $130.76 billion, a P/E ratio of 35.33, a PEG ratio of 3.06 and a beta of 1.32. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 0.60.

Prologis (NYSE:PLD) last released its quarterly earnings data on Thursday, April 16th. The real estate investment trust reported $1.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.24. The company had revenue of $2.30 billion during the quarter, compared to analyst estimates of $2.12 billion. Prologis had a net margin of 41.54% and a return on equity of 6.47%. The business’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.43 earnings per share. Prologis has set its FY 2026 guidance at 6.070-6.230 EPS. As a group, analysts predict that Prologis, Inc. will post 6.18 EPS for the current year.

Prologis Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 16th will be paid a $1.07 dividend. The ex-dividend date is Tuesday, June 16th. This represents a $4.28 annualized dividend and a dividend yield of 3.1%. Prologis’s dividend payout ratio is 107.81%.

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.