Y Intercept Hong Kong Ltd Buys New Stake in Prologis, Inc. $PLD

Y Intercept Hong Kong Ltd acquired a new stake in shares of Prologis, Inc. (NYSE:PLD) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 55,212 shares of the real estate investment trust’s stock, valued at approximately $7,298,000.

Several other institutional investors have also bought and sold shares of the stock. Ares Financial Consulting LLC bought a new position in shares of Prologis in the fourth quarter valued at approximately $26,000. High Point Wealth Management LLC acquired a new position in shares of Prologis during the fourth quarter valued at approximately $26,000. Eagle Bay Advisors LLC bought a new stake in Prologis during the fourth quarter worth approximately $27,000. SouthState Bank Corp raised its holdings in Prologis by 73.1% during the fourth quarter. SouthState Bank Corp now owns 225 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 95 shares in the last quarter. Finally, Hilton Head Capital Partners LLC acquired a new stake in Prologis in the fourth quarter worth approximately $29,000. Institutional investors and hedge funds own 93.50% of the company’s stock.

Prologis Price Performance

Shares of NYSE:PLD opened at $139.21 on Friday. Prologis, Inc. has a 1 year low of $103.41 and a 1 year high of $150.18. The business has a fifty day simple moving average of $142.78 and a 200 day simple moving average of $136.84. 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 firm has a market cap of $129.79 billion, a price-to-earnings ratio of 35.07, a P/E/G ratio of 3.03 and a beta of 1.32.

Prologis (NYSE:PLD) last issued its quarterly earnings data on Thursday, April 16th. The real estate investment trust reported $1.05 earnings per share for the quarter, beating the consensus estimate of $0.81 by $0.24. The firm had revenue of $2.30 billion for the quarter, compared to analyst estimates of $2.12 billion. Prologis had a net margin of 41.54% and a return on equity of 6.47%. The company’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same quarter last year, the firm earned $1.43 earnings per share. Prologis has set its FY 2026 guidance at 6.070-6.230 EPS. As a group, sell-side analysts predict that Prologis, Inc. will post 6.17 earnings per share for the current fiscal year.

Prologis Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 16th were given a $1.07 dividend. The ex-dividend date of this dividend was Tuesday, June 16th. This represents a $4.28 dividend on an annualized basis and a dividend yield of 3.1%. Prologis’s payout ratio is currently 107.81%.

Insider Buying and Selling at Prologis

In other news, CFO Timothy D. Arndt sold 3,597 shares of the company’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $150.00, for a total transaction of $539,550.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.52% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research analysts recently weighed in on PLD shares. BTIG Research raised their target price on Prologis from $160.00 to $170.00 and gave the company a “buy” rating in a research note on Wednesday. Citigroup upped their price target on shares of Prologis from $145.00 to $165.00 and gave the company a “buy” rating in a report on Tuesday, April 21st. Evercore set a $135.00 price objective on shares of Prologis in a research report on Friday, April 17th. Scotiabank cut shares of Prologis from a “sector outperform” rating to a “sector perform” rating and lowered their price objective for the stock from $154.00 to $146.00 in a research note on Thursday, June 18th. Finally, Truist Financial boosted their target price on shares of Prologis from $139.00 to $154.00 and gave the stock a “buy” rating in a report on Friday, April 24th. Fifteen research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Prologis has an average rating of “Moderate Buy” and an average price target of $152.00.

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.