Elevation Point Wealth Partners LLC Has $2.28 Million Stake in Prologis, Inc. $PLD

Elevation Point Wealth Partners LLC boosted its stake in Prologis, Inc. (NYSE:PLD) by 1,337.4% during the 3rd quarter, HoldingsChannel reports. The fund owned 19,865 shares of the real estate investment trust’s stock after acquiring an additional 18,483 shares during the quarter. Elevation Point Wealth Partners LLC’s holdings in Prologis were worth $2,275,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in PLD. Norges Bank acquired a new stake in shares of Prologis in the 2nd quarter valued at about $1,288,936,000. Franklin Resources Inc. lifted its holdings in shares of Prologis by 216.0% in 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 purchasing an additional 6,870,479 shares in the last quarter. State Street Corp boosted its position 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 buying an additional 1,088,544 shares during the period. Amundi boosted its position in shares of Prologis by 22.0% during the third quarter. Amundi now owns 5,651,563 shares of the real estate investment trust’s stock worth $661,968,000 after buying an additional 1,020,819 shares during the period. Finally, Federated Hermes Inc. grew its holdings 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 buying an additional 988,986 shares in the last quarter. 93.50% of the stock is owned by institutional investors and hedge funds.

Prologis Stock Performance

Shares of NYSE PLD opened at $131.73 on Monday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.58 and a current ratio of 0.58. The stock has a 50 day moving average price of $134.50 and a 200 day moving average price of $126.36. The stock has a market capitalization of $122.45 billion, a PE ratio of 37.11, a price-to-earnings-growth ratio of 3.12 and a beta of 1.41. Prologis, Inc. has a 52 week low of $85.35 and a 52 week high of $143.95.

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

Prologis Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 17th will be paid a $1.07 dividend. This is a boost from Prologis’s previous quarterly dividend of $1.01. This represents a $4.28 annualized dividend and a dividend yield of 3.2%. The ex-dividend date of this dividend is Tuesday, March 17th. Prologis’s dividend payout ratio (DPR) is 113.80%.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. BNP Paribas Exane lifted their target price on Prologis from $129.00 to $140.00 and gave the company an “outperform” rating in a research report on Wednesday, January 21st. Mizuho raised their price target on shares of Prologis from $138.00 to $143.00 and gave the stock an “outperform” rating in a research note on Monday, January 26th. Morgan Stanley set a $135.00 price objective on shares of Prologis in a report on Friday, January 16th. BMO Capital Markets reissued a “market perform” rating and issued a $123.00 price objective on shares of Prologis in a research report on Thursday, January 22nd. Finally, Truist Financial reduced their target price on shares of Prologis from $142.00 to $139.00 and set a “buy” rating for the company in a report on Monday, January 26th. Fourteen investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $137.20.

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.