Prologis, Inc. $PLD Shares Acquired by Wealth Alliance LLC

Wealth Alliance LLC boosted its position in Prologis, Inc. (NYSE:PLD) by 35.6% during the 3rd quarter, HoldingsChannel reports. The firm owned 25,539 shares of the real estate investment trust’s stock after buying an additional 6,706 shares during the quarter. Wealth Alliance LLC’s holdings in Prologis were worth $2,925,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in Prologis by 0.3% during the third quarter. Vanguard Group Inc. now owns 122,064,883 shares of the real estate investment trust’s stock worth $13,978,870,000 after acquiring an additional 323,551 shares during the period. State Street Corp lifted its holdings in Prologis by 1.9% in the 2nd quarter. State Street Corp now owns 58,640,842 shares of the real estate investment trust’s stock valued at $6,164,325,000 after acquiring an additional 1,088,544 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Prologis by 1.4% during the 2nd quarter. Geode Capital Management LLC now owns 22,416,833 shares of the real estate investment trust’s stock valued at $2,345,922,000 after purchasing an additional 310,333 shares in the last quarter. Massachusetts Financial Services Co. MA grew its stake in shares of Prologis by 1.6% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 16,506,899 shares of the real estate investment trust’s stock worth $1,735,205,000 after purchasing an additional 253,338 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of Prologis in the 2nd quarter worth approximately $1,288,936,000. Institutional investors own 93.50% of the company’s stock.

Wall Street Analysts Forecast Growth

PLD has been the subject of a number of research reports. Argus raised their target price on shares of Prologis from $128.00 to $135.00 and gave the stock a “buy” rating in a report on Thursday, January 22nd. Royal Bank Of Canada raised their price objective on Prologis from $132.00 to $135.00 and gave the stock a “sector perform” rating in a research note on Monday, February 2nd. BTIG Research lifted their target price on Prologis from $134.00 to $155.00 and gave the stock a “buy” rating in a report on Wednesday, December 31st. Robert W. Baird reaffirmed a “neutral” rating and set a $130.00 target price (up from $128.00) on shares of Prologis in a research report on Thursday, January 8th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Prologis in a research report on Monday, December 29th. Thirteen research 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 stock presently has an average rating of “Moderate Buy” and an average target price of $135.89.

Insiders Place Their Bets

In other Prologis news, Director Cristina Gabriela Bita sold 621 shares of the company’s stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $127.60, for a total value of $79,239.60. Following the transaction, the director directly owned 8,208 shares of the company’s stock, valued at $1,047,340.80. This represents a 7.03% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.57% of the stock is currently owned by insiders.

Prologis Stock Up 0.5%

Shares of PLD stock traded up $0.70 during trading on Friday, hitting $139.74. 160,313 shares of the company were exchanged, compared to its average volume of 3,447,984. The firm has a market capitalization of $129.89 billion, a price-to-earnings ratio of 39.27, a P/E/G ratio of 3.46 and a beta of 1.42. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.64 and a current ratio of 0.58. The business’s 50-day simple moving average is $131.37 and its 200 day simple moving average is $122.72. Prologis, Inc. has a twelve month low of $85.35 and a twelve month high of $141.95.

Prologis (NYSE:PLD) last issued its earnings results on Wednesday, January 21st. The real estate investment trust reported $1.44 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.44. Prologis had a net margin of 37.86% and a return on equity of 5.79%. The company had revenue of $2.25 billion during the quarter, compared to analyst estimates of $2.09 billion. During the same quarter last year, the business posted $1.42 EPS. The company’s revenue for the quarter was up 7.8% on a year-over-year basis. Prologis has set its FY 2026 guidance at 6.000-6.200 EPS. As a group, analysts forecast that Prologis, Inc. will post 5.73 EPS for the current fiscal year.

Prologis Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 17th will be paid a $1.07 dividend. This represents a $4.28 dividend on an annualized basis and a yield of 3.1%. This is an increase from Prologis’s previous quarterly dividend of $1.01. The ex-dividend date is Tuesday, March 17th. Prologis’s dividend payout ratio is presently 113.80%.

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.