Prologis, Inc. $PLD Shares Purchased by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. increased its position in shares of Prologis, Inc. (NYSE:PLD) by 9.9% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 887,723 shares of the real estate investment trust’s stock after buying an additional 79,920 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in Prologis were worth $113,327,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in the company. Ares Financial Consulting LLC purchased a new stake in Prologis in the fourth quarter valued at approximately $26,000. High Point Wealth Management LLC purchased a new position in shares of Prologis during the fourth quarter worth approximately $26,000. Eagle Bay Advisors LLC purchased a new position in shares of Prologis during the fourth quarter worth approximately $27,000. SouthState Bank Corp grew its position in shares of Prologis by 73.1% during the fourth quarter. SouthState Bank Corp now owns 225 shares of the real estate investment trust’s stock worth $29,000 after acquiring an additional 95 shares during the last quarter. Finally, Hilton Head Capital Partners LLC acquired a new position in shares of Prologis in the 4th quarter valued at $29,000. Institutional investors and hedge funds own 93.50% of the company’s stock.

Prologis Price Performance

Prologis stock opened at $140.63 on Friday. Prologis, Inc. has a 12 month low of $103.41 and a 12 month high of $150.18. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.51 and a quick ratio of 0.51. The business has a 50 day simple moving average of $142.91 and a 200-day simple moving average of $136.05. The stock has a market capitalization of $131.11 billion, a PE ratio of 35.42, a price-to-earnings-growth ratio of 3.09 and a beta of 1.32.

Prologis (NYSE:PLD) last posted its quarterly earnings data on Thursday, April 16th. The real estate investment trust reported $1.05 earnings per share 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 for the quarter, compared to analyst estimates of $2.12 billion. During the same period last year, the firm posted $1.43 EPS. Prologis’s quarterly revenue was up 6.9% on a year-over-year basis. Prologis has set its FY 2026 guidance at 6.070-6.230 EPS. Equities analysts predict that Prologis, Inc. will post 6.18 earnings per share for the current year.

Prologis Announces Dividend

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. This represents a $4.28 annualized dividend and a dividend yield of 3.0%. The ex-dividend date is Tuesday, June 16th. Prologis’s dividend payout ratio (DPR) is 107.81%.

Analyst Ratings Changes

Several analysts recently commented on PLD shares. Wall Street Zen upgraded shares of Prologis from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Jefferies Financial Group lowered their price objective on shares of Prologis from $157.00 to $155.00 and set a “buy” rating on the stock in a research report on Tuesday, April 14th. Bank of America lifted their price objective on shares of Prologis from $153.00 to $162.00 and gave the company a “buy” rating in a research note on Monday, April 20th. Robert W. Baird upped their target price on shares of Prologis from $133.00 to $136.00 and gave the company a “neutral” rating in a report on Friday, April 17th. Finally, JPMorgan Chase & Co. increased 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. Fifteen equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $151.48.

Insider Buying and Selling at Prologis

In other news, CFO Timothy D. Arndt sold 3,597 shares of Prologis stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $150.00, for a total value of $539,550.00. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 0.52% of the stock is currently owned by insiders.

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.