Havemeyer Place LP Acquires New Stake in Prologis, Inc. $PLD

Havemeyer Place LP acquired a new stake in shares of Prologis, Inc. (NYSE:PLD) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 17,459 shares of the real estate investment trust’s stock, valued at approximately $2,229,000.

A number of other large investors also recently bought and sold shares of PLD. High Point Wealth Management LLC purchased a new position in Prologis during the 4th quarter valued at $26,000. Ares Financial Consulting LLC purchased a new position in Prologis during the 4th quarter valued at $26,000. Eagle Bay Advisors LLC purchased a new position in Prologis during the 4th quarter valued at $27,000. High Note Wealth LLC boosted its holdings in Prologis by 43.9% during the 4th quarter. High Note Wealth LLC now owns 249 shares of the real estate investment trust’s stock valued at $32,000 after acquiring an additional 76 shares during the period. Finally, True Wealth Design LLC boosted its holdings in Prologis by 87.1% during the 4th quarter. True Wealth Design LLC now owns 262 shares of the real estate investment trust’s stock valued at $33,000 after acquiring an additional 122 shares during the period. Hedge funds and other institutional investors own 93.50% of the company’s stock.

Prologis Price Performance

Shares of PLD stock opened at $144.69 on Friday. The stock has a fifty day simple moving average of $140.40 and a two-hundred day simple moving average of $134.72. Prologis, Inc. has a twelve month low of $103.41 and a twelve month high of $147.93. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.60. The stock has a market capitalization of $134.90 billion, a price-to-earnings ratio of 36.45, a P/E/G ratio of 3.18 and a beta of 1.32.

Prologis (NYSE:PLD) last posted its earnings results on Thursday, April 16th. The real estate investment trust reported $1.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.24. Prologis had a return on equity of 6.47% and a net margin of 41.54%.The company had revenue of $2.30 billion for the quarter, compared to analyst estimates of $2.12 billion. During the same quarter in the previous year, the firm earned $1.43 earnings per share. The firm’s quarterly revenue was up 6.9% compared to the same quarter last year. Prologis has set its FY 2026 guidance at 6.070-6.230 EPS. On average, analysts predict that Prologis, Inc. will post 6.18 EPS for the current fiscal year.

Prologis Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 16th will be paid a $1.07 dividend. The ex-dividend date is Tuesday, June 16th. This represents a $4.28 dividend on an annualized basis and a yield of 3.0%. Prologis’s dividend payout ratio (DPR) is 107.81%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on PLD shares. Royal Bank Of Canada boosted their price objective on Prologis from $135.00 to $148.00 and gave the company a “sector perform” rating in a report on Tuesday, April 28th. DA Davidson boosted their price objective on Prologis from $140.00 to $160.00 and gave the company a “buy” rating in a report on Tuesday, April 21st. Evercore set a $135.00 price objective on Prologis in a report on Friday, April 17th. BNP Paribas Exane boosted their price objective on Prologis from $140.00 to $150.00 and gave the company an “outperform” rating in a report on Friday, April 17th. Finally, JPMorgan Chase & Co. upped their target price on Prologis from $141.00 to $157.00 and gave the stock an “overweight” rating in a report on Tuesday, April 21st. Sixteen investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $151.86.

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.