Westwind Capital Purchases Shares of 111,872 Prologis, Inc. $PLD

Westwind Capital acquired a new stake in Prologis, Inc. (NYSE:PLD) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 111,872 shares of the real estate investment trust’s stock, valued at approximately $14,282,000. Prologis makes up approximately 2.9% of Westwind Capital’s holdings, making the stock its 14th biggest position.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Norges Bank bought a new stake in Prologis in the second quarter valued at about $1,288,936,000. State Street Corp boosted its holdings in 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 valued at $6,164,325,000 after purchasing an additional 1,088,544 shares in the last quarter. Amundi boosted its holdings in Prologis by 22.0% during the third quarter. Amundi now owns 5,651,563 shares of the real estate investment trust’s stock valued at $661,968,000 after purchasing an additional 1,020,819 shares in the last quarter. Federated Hermes Inc. grew its stake in shares of Prologis by 30.3% in the 3rd quarter. Federated Hermes Inc. now owns 4,256,236 shares of the real estate investment trust’s stock valued at $487,424,000 after purchasing an additional 988,986 shares during the period. Finally, Mondrian Investment Partners LTD acquired a new position in shares of Prologis in the 3rd quarter worth approximately $112,141,000. 93.50% of the stock is owned by institutional investors.

Prologis Price Performance

Prologis stock opened at $130.30 on Tuesday. The business’s fifty day moving average is $134.83 and its two-hundred day moving average is $127.15. 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 firm has a market cap of $121.12 billion, a P/E ratio of 36.70, a P/E/G ratio of 3.02 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 announced its earnings results on Wednesday, January 21st. The real estate investment trust reported $1.44 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.44. The company had revenue of $2.25 billion during the quarter, compared to analyst estimates of $2.09 billion. Prologis had a return on equity of 5.79% and a net margin of 37.86%.The firm’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same period last year, the company posted $1.42 earnings per share. Prologis has set its FY 2026 guidance at 6.000-6.200 EPS. Equities research analysts forecast that Prologis, Inc. will post 5.73 earnings per share 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 paid a $1.07 dividend. This is a boost from Prologis’s previous quarterly dividend of $1.01. This represents a $4.28 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date of this dividend is Tuesday, March 17th. Prologis’s payout ratio is presently 120.56%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Wall Street Zen cut Prologis from a “hold” rating to a “sell” rating in a research report on Saturday, February 7th. Mizuho lifted their price objective on Prologis from $138.00 to $143.00 and gave the company an “outperform” rating in a report on Monday, January 26th. Scotiabank raised Prologis from a “sector perform” rating to a “sector outperform” rating and lifted their price objective for the company from $133.00 to $146.00 in a report on Wednesday, January 14th. Citigroup started coverage on shares of Prologis in a report on Thursday, March 5th. They issued a “buy” rating and a $145.00 target price on the stock. Finally, Evercore increased their target price on shares of Prologis from $118.00 to $121.00 and gave the stock an “in-line” rating in a research report on Thursday, January 22nd. Fourteen research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $137.20.

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.