Resources Management Corp CT ADV Grows Holdings in Prologis, Inc. $PLD

Resources Management Corp CT ADV grew its stake in Prologis, Inc. (NYSE:PLD) by 243.2% during the fourth quarter, Holdings Channel.com reports. The fund owned 27,572 shares of the real estate investment trust’s stock after acquiring an additional 19,539 shares during the period. Resources Management Corp CT ADV’s holdings in Prologis were worth $3,520,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. High Point Wealth Management LLC purchased a new stake in Prologis during the 4th quarter worth approximately $26,000. Ares Financial Consulting LLC purchased a new stake in Prologis during the 4th quarter worth approximately $26,000. Eagle Bay Advisors LLC purchased a new stake in Prologis during the 4th quarter worth approximately $27,000. SouthState Bank Corp increased its stake in Prologis by 73.1% during the 4th quarter. SouthState Bank Corp now owns 225 shares of the real estate investment trust’s stock worth $29,000 after buying an additional 95 shares during the period. Finally, Hilton Head Capital Partners LLC purchased a new stake in Prologis during the 4th quarter worth approximately $29,000. 93.50% of the stock is owned by hedge funds and other institutional investors.

Prologis Trading Down 0.2%

NYSE PLD opened at $148.49 on Monday. 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, Inc. has a 52 week low of $103.41 and a 52 week high of $149.70. The stock has a market capitalization of $138.44 billion, a PE ratio of 37.40, a price-to-earnings-growth ratio of 3.27 and a beta of 1.32. The firm has a 50 day moving average of $141.99 and a two-hundred day moving average of $135.57.

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

Prologis Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 16th will be issued a dividend of $1.07 per share. This represents a $4.28 annualized dividend and a yield of 2.9%. The ex-dividend date is Tuesday, June 16th. Prologis’s payout ratio is 107.81%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on PLD. Wall Street Zen raised shares of Prologis from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. UBS Group upped their target price on shares of Prologis from $148.00 to $161.00 and gave the stock a “buy” rating in a research note on Friday, April 17th. Evercore set a $135.00 target price on shares of Prologis in a research note on Friday, April 17th. Weiss Ratings raised shares of Prologis from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, May 1st. Finally, Robert W. Baird upped their target price on shares of Prologis from $133.00 to $136.00 and gave the stock a “neutral” rating in a research note on Friday, April 17th. Sixteen investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Prologis presently has a consensus rating of “Moderate Buy” and an average price target of $151.86.

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.