4,745 Shares in Prologis, Inc. $PLD Bought by Stronghold Wealth Management L.L.C.

Stronghold Wealth Management L.L.C. purchased a new stake in shares of Prologis, Inc. (NYSE:PLD) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,745 shares of the real estate investment trust’s stock, valued at approximately $606,000. Prologis accounts for approximately 0.9% of Stronghold Wealth Management L.L.C.’s portfolio, making the stock its 27th largest holding.

Several other hedge funds and other institutional investors also recently made changes to their positions in PLD. Nvwm LLC lifted its position in Prologis by 6,069.7% during the fourth quarter. Nvwm LLC now owns 15,486 shares of the real estate investment trust’s stock valued at $1,977,000 after acquiring an additional 15,235 shares during the last quarter. Foresight Group Ltd Liability Partnership grew its stake in Prologis by 240.1% during the 3rd quarter. Foresight Group Ltd Liability Partnership now owns 44,715 shares of the real estate investment trust’s stock worth $5,109,000 after buying an additional 31,567 shares during the last quarter. National Pension Service increased its position in Prologis by 2.4% during the 3rd quarter. National Pension Service now owns 2,443,137 shares of the real estate investment trust’s stock valued at $279,788,000 after buying an additional 56,272 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in Prologis by 3.6% in the third quarter. Envestnet Asset Management Inc. now owns 3,644,875 shares of the real estate investment trust’s stock valued at $417,411,000 after buying an additional 126,613 shares during the last quarter. Finally, Assetmark Inc. raised its stake in Prologis by 10.0% in the third quarter. Assetmark Inc. now owns 79,350 shares of the real estate investment trust’s stock valued at $9,087,000 after buying an additional 7,217 shares during the last quarter. 93.50% of the stock is owned by institutional investors and hedge funds.

Prologis Price Performance

Shares of NYSE PLD opened at $140.50 on Monday. Prologis, Inc. has a 52 week low of $103.02 and a 52 week high of $145.44. The business’s 50 day moving average price is $137.01 and its 200 day moving average price is $132.73. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 0.60. The firm has a market cap of $130.99 billion, a P/E ratio of 35.39, a P/E/G ratio of 3.10 and a beta of 1.33.

Prologis (NYSE:PLD) last announced its quarterly earnings data on Thursday, April 16th. The real estate investment trust reported $1.05 EPS for the quarter, beating the consensus estimate of $0.81 by $0.24. Prologis had a net margin of 41.54% and a return on equity of 6.47%. The business had revenue of $2.30 billion during the quarter, compared to analysts’ expectations of $2.12 billion. During the same period in the previous year, the business posted $1.43 EPS. The business’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, sell-side analysts expect that Prologis, Inc. will post 6.17 earnings per share for the current year.

Prologis Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 16th will be issued a dividend of $1.07 per share. This represents a $4.28 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend is Tuesday, June 16th. Prologis’s dividend payout ratio (DPR) is 107.81%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on PLD shares. Robert W. Baird boosted their price target on Prologis from $133.00 to $136.00 and gave the stock a “neutral” rating in a research note on Friday, April 17th. Citigroup lifted their target price on shares of Prologis from $145.00 to $165.00 and gave the stock a “buy” rating in a research note on Tuesday, April 21st. Scotiabank boosted their target price on shares of Prologis from $146.00 to $154.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 21st. DA Davidson upped their price target on shares of Prologis from $140.00 to $160.00 and gave the company a “buy” rating in a research note on Tuesday, April 21st. Finally, Evercore set a $135.00 price target on shares of Prologis in a report on Friday, April 17th. Sixteen equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $149.76.

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.