Land & Buildings Investment Management LLC Takes Position in Prologis, Inc. $PLD

Land & Buildings Investment Management LLC purchased a new position in Prologis, Inc. (NYSE:PLD) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 209,960 shares of the real estate investment trust’s stock, valued at approximately $24,045,000. Prologis comprises 4.4% of Land & Buildings Investment Management LLC’s investment portfolio, making the stock its 12th largest position.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Whittier Trust Co. of Nevada Inc. raised its stake in shares of Prologis by 0.5% during the third quarter. Whittier Trust Co. of Nevada Inc. now owns 16,583 shares of the real estate investment trust’s stock valued at $1,941,000 after acquiring an additional 82 shares in the last quarter. Foster Dykema Cabot & Partners LLC increased its holdings in Prologis by 1.0% during the 3rd quarter. Foster Dykema Cabot & Partners LLC now owns 8,232 shares of the real estate investment trust’s stock worth $943,000 after purchasing an additional 83 shares during the period. Cornerstone Advisory LLC raised its position in Prologis by 2.4% during the 3rd quarter. Cornerstone Advisory LLC now owns 3,535 shares of the real estate investment trust’s stock valued at $405,000 after purchasing an additional 84 shares in the last quarter. Cadence Bank lifted its holdings in shares of Prologis by 2.1% in the 3rd quarter. Cadence Bank now owns 4,209 shares of the real estate investment trust’s stock worth $482,000 after buying an additional 87 shares during the period. Finally, Clear Investment Research LLC increased its stake in shares of Prologis by 34.5% during the third quarter. Clear Investment Research LLC now owns 343 shares of the real estate investment trust’s stock valued at $39,000 after buying an additional 88 shares during the period. Institutional investors own 93.50% of the company’s stock.

Analyst Ratings Changes

PLD has been the subject of a number of research reports. Mizuho upped their price objective 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. BMO Capital Markets reiterated a “market perform” rating and set a $123.00 price objective on shares of Prologis in a research note on Thursday, January 22nd. Freedom Capital lowered shares of Prologis from a “strong-buy” rating to a “hold” rating in a report on Friday, January 23rd. Robert W. Baird restated a “neutral” rating and set a $130.00 target price (up from $128.00) on shares of Prologis in a report on Thursday, January 8th. Finally, UBS Group lifted their price target on Prologis from $144.00 to $148.00 and gave the company a “buy” rating in a report on Thursday, January 22nd. Fourteen equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, Prologis presently has an average rating of “Moderate Buy” and an average price target of $137.20.

Prologis Trading Up 1.7%

Prologis stock opened at $134.03 on Tuesday. 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 market cap of $124.59 billion, a PE ratio of 37.75, a price-to-earnings-growth ratio of 3.12 and a beta of 1.41. The stock has a 50-day moving average of $134.59 and a two-hundred day moving average of $126.51. Prologis, Inc. has a one year low of $85.35 and a one year high of $143.95.

Prologis (NYSE:PLD) last issued its quarterly earnings results on Wednesday, January 21st. The real estate investment trust reported $1.44 earnings per share for the quarter, hitting 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 for the quarter, compared to analyst estimates of $2.09 billion. During the same quarter in the previous year, the firm earned $1.42 earnings per share. The company’s revenue was up 7.8% on a year-over-year basis. Prologis has set its FY 2026 guidance at 6.000-6.200 EPS. On average, research analysts anticipate that Prologis, Inc. will post 5.73 EPS for the current fiscal year.

Prologis Increases Dividend

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

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.