Quadrant Capital Group LLC Boosts Stock Position in Prologis, Inc. $PLD

Quadrant Capital Group LLC grew its position in shares of Prologis, Inc. (NYSE:PLD) by 18.7% during the 3rd quarter, Holdings Channel.com reports. The firm owned 29,453 shares of the real estate investment trust’s stock after acquiring an additional 4,646 shares during the period. Quadrant Capital Group LLC’s holdings in Prologis were worth $3,373,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Norges Bank purchased a new stake in Prologis in the second quarter worth approximately $1,288,936,000. Franklin Resources Inc. grew its position in Prologis by 216.0% during the second quarter. Franklin Resources Inc. now owns 10,050,843 shares of the real estate investment trust’s stock valued at $1,056,545,000 after acquiring an additional 6,870,479 shares during the last quarter. State Street Corp raised its stake in shares of Prologis by 1.9% during the second quarter. State Street Corp now owns 58,640,842 shares of the real estate investment trust’s stock worth $6,164,325,000 after acquiring an additional 1,088,544 shares in the last quarter. Federated Hermes Inc. raised its stake in shares of Prologis by 30.3% during the third quarter. Federated Hermes Inc. now owns 4,256,236 shares of the real estate investment trust’s stock worth $487,424,000 after acquiring an additional 988,986 shares in the last quarter. Finally, Mondrian Investment Partners LTD purchased a new position in shares of Prologis during the third quarter worth approximately $112,141,000. 93.50% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on PLD shares. The Goldman Sachs Group boosted their price objective on shares of Prologis from $137.00 to $148.00 and gave the stock a “neutral” rating in a report on Monday, February 9th. Robert W. Baird reiterated a “neutral” rating and issued a $130.00 target price (up from $128.00) on shares of Prologis in a research report on Thursday, January 8th. Evercore boosted their price target on shares of Prologis from $118.00 to $121.00 and gave the stock an “in-line” rating in a research note on Thursday, January 22nd. Truist Financial cut their price target on shares of Prologis from $142.00 to $139.00 and set a “buy” rating for the company in a research report on Monday, January 26th. Finally, BNP Paribas Exane raised their price objective on Prologis from $129.00 to $140.00 and gave the company an “outperform” rating in a research note on Wednesday, January 21st. Fourteen equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $137.20.

Prologis Stock Down 1.3%

NYSE PLD opened at $134.39 on Thursday. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.58 and a quick ratio of 0.58. The stock has a market capitalization of $124.92 billion, a PE ratio of 37.86, a PEG ratio of 3.22 and a beta of 1.41. Prologis, Inc. has a 1 year low of $85.35 and a 1 year high of $143.95. The business’s 50-day moving average is $134.37 and its 200 day moving average is $125.98.

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

Prologis Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 17th will be paid a dividend of $1.07 per share. This represents a $4.28 annualized dividend and a dividend yield of 3.2%. This is a boost from Prologis’s previous quarterly dividend of $1.01. The ex-dividend date of this dividend is Tuesday, March 17th. Prologis’s payout ratio is presently 120.56%.

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.