Generate Investment Management Ltd Grows Position in Prologis, Inc. $PLD

Generate Investment Management Ltd raised its stake in shares of Prologis, Inc. (NYSE:PLD) by 113.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 157,480 shares of the real estate investment trust’s stock after purchasing an additional 83,832 shares during the quarter. Generate Investment Management Ltd’s holdings in Prologis were worth $20,104,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in PLD. Family Wealth Partners LLC lifted its stake in shares of Prologis by 3.1% during the fourth quarter. Family Wealth Partners LLC now owns 3,703 shares of the real estate investment trust’s stock worth $473,000 after buying an additional 113 shares during the period. Capital Investment Advisors LLC increased its position in shares of Prologis by 2.3% in the 4th quarter. Capital Investment Advisors LLC now owns 28,056 shares of the real estate investment trust’s stock valued at $3,582,000 after acquiring an additional 636 shares during the period. Trust Point Inc. increased its position in shares of Prologis by 3.9% in the 4th quarter. Trust Point Inc. now owns 3,257 shares of the real estate investment trust’s stock valued at $416,000 after acquiring an additional 122 shares during the period. CoreCap Advisors LLC raised its stake in Prologis by 11.7% in the 4th quarter. CoreCap Advisors LLC now owns 1,451 shares of the real estate investment trust’s stock worth $185,000 after acquiring an additional 152 shares during the last quarter. Finally, Mather Group LLC. lifted its position in Prologis by 7.3% during the 4th quarter. Mather Group LLC. now owns 5,665 shares of the real estate investment trust’s stock worth $723,000 after acquiring an additional 383 shares during the period. Hedge funds and other institutional investors own 93.50% of the company’s stock.

Analysts Set New Price Targets

PLD has been the topic of a number of research reports. Mizuho increased 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. Wall Street Zen downgraded Prologis from a “hold” rating to a “sell” rating in a report on Saturday, February 7th. Citigroup began coverage on shares of Prologis in a report on Thursday, March 5th. They issued a “buy” rating and a $145.00 price target on the stock. Jefferies Financial Group raised their price target on shares of Prologis from $146.00 to $157.00 and gave the stock a “buy” rating in a research report on Friday, February 20th. Finally, BMO Capital Markets restated a “market perform” rating and set a $123.00 price objective on shares of Prologis in a research note on Thursday, January 22nd. Fourteen analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat, Prologis presently has a consensus rating of “Moderate Buy” and a consensus target price of $137.20.

Prologis Stock Down 0.6%

Shares of PLD stock opened at $128.93 on Friday. Prologis, Inc. has a twelve month low of $85.35 and a twelve month high of $143.95. The stock has a market cap of $120.19 billion, a P/E ratio of 36.32, a P/E/G ratio of 3.06 and a beta of 1.41. The stock has a 50 day moving average of $134.66 and a 200 day moving average of $127.41. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.61.

Prologis (NYSE:PLD) last issued its quarterly earnings data on Wednesday, January 21st. The real estate investment trust reported $1.44 EPS for the quarter, hitting analysts’ consensus estimates of $1.44. The business had revenue of $2.25 billion for 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%. The business’s revenue was up 7.8% on a year-over-year basis. During the same quarter last year, the company earned $1.42 EPS. Prologis has set its FY 2026 guidance at 6.000-6.200 EPS. As a group, sell-side analysts expect that Prologis, Inc. will post 5.73 EPS for the current year.

Prologis Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 17th will be given a dividend of $1.07 per share. This is a boost from Prologis’s previous quarterly dividend of $1.01. This represents a $4.28 annualized dividend and a yield of 3.3%. The ex-dividend date is Tuesday, March 17th. Prologis’s dividend payout ratio (DPR) is 120.56%.

Prologis Company 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.