Prologis, Inc. $PLD Position Decreased by Stelac Advisory Services LLC

Stelac Advisory Services LLC trimmed its stake in Prologis, Inc. (NYSE:PLD) by 9.1% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 152,740 shares of the real estate investment trust’s stock after selling 15,302 shares during the period. Prologis accounts for approximately 6.0% of Stelac Advisory Services LLC’s holdings, making the stock its 3rd largest position. Stelac Advisory Services LLC’s holdings in Prologis were worth $17,492,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of PLD. Clayton Financial Group LLC bought a new stake in Prologis during the third quarter valued at about $26,000. Silver Oak Securities Incorporated purchased a new position in shares of Prologis during the 3rd quarter valued at about $36,000. Rossby Financial LCC lifted its position in shares of Prologis by 69.6% during the 3rd quarter. Rossby Financial LCC now owns 329 shares of the real estate investment trust’s stock valued at $38,000 after buying an additional 135 shares in the last quarter. AlphaQuest LLC bought a new position in shares of Prologis during the 3rd quarter valued at approximately $39,000. Finally, Clear Investment Research LLC grew its stake in shares of Prologis by 34.5% during the 3rd quarter. Clear Investment Research LLC now owns 343 shares of the real estate investment trust’s stock valued at $39,000 after acquiring an additional 88 shares during the period. 93.50% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. BNP Paribas Exane raised their target price on shares of Prologis from $129.00 to $140.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 21st. Morgan Stanley set a $135.00 price objective on shares of Prologis in a research note on Friday, January 16th. Wall Street Zen cut shares of Prologis from a “hold” rating to a “sell” rating in a research note on Saturday, February 7th. BTIG Research increased their price target on Prologis from $134.00 to $155.00 and gave the stock a “buy” rating in a research note on Wednesday, December 31st. Finally, Citigroup started coverage on Prologis in a report on Thursday, March 5th. They set a “buy” rating and a $145.00 price target on the stock. Fourteen investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $137.20.

Prologis Price Performance

Shares of Prologis stock traded up $1.55 on Friday, hitting $133.45. 185,962 shares of the company traded hands, compared to its average volume of 3,515,219. Prologis, Inc. has a 52 week low of $85.35 and a 52 week high of $143.95. The business has a 50-day simple moving average of $134.45 and a 200 day simple moving average of $126.02. 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 capitalization of $124.05 billion, a P/E ratio of 37.55, a price-to-earnings-growth ratio of 3.18 and a beta of 1.41.

Prologis (NYSE:PLD) last posted its earnings results on Wednesday, January 21st. The real estate investment trust reported $1.44 earnings per share for the quarter, meeting the consensus estimate of $1.44. The company had revenue of $2.25 billion during the quarter, compared to analysts’ expectations of $2.09 billion. Prologis had a net margin of 37.86% and a return on equity of 5.79%. Prologis’s quarterly revenue was up 7.8% on a year-over-year basis. 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. Research analysts expect 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. Stockholders of record on Tuesday, March 17th will be issued a $1.07 dividend. This represents a $4.28 annualized dividend and a dividend yield of 3.2%. This is a positive change from Prologis’s previous quarterly dividend of $1.01. The ex-dividend date of this dividend is Tuesday, March 17th. 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.