4,129 Shares in Prologis, Inc. $PLD Purchased by Spectrum Strategic Capital Management LLC

Spectrum Strategic Capital Management LLC acquired a new position in Prologis, Inc. (NYSE:PLD) in the 4th quarter, HoldingsChannel reports. The fund acquired 4,129 shares of the real estate investment trust’s stock, valued at approximately $527,000.

Several other large investors also recently added to or reduced their stakes in the company. CDM Financial Counseling Services Inc. purchased a new stake in Prologis in the 4th quarter worth about $471,000. High Note Wealth LLC increased its holdings in Prologis by 43.9% in the 4th quarter. High Note Wealth LLC now owns 249 shares of the real estate investment trust’s stock worth $32,000 after acquiring an additional 76 shares during the last quarter. Sapient Capital LLC increased its holdings in Prologis by 98.3% in the 4th quarter. Sapient Capital LLC now owns 7,751 shares of the real estate investment trust’s stock worth $1,000,000 after acquiring an additional 3,842 shares during the last quarter. North Dakota State Investment Board purchased a new stake in Prologis in the 4th quarter worth about $4,061,000. Finally, L & S Advisors Inc increased its holdings in Prologis by 0.4% in the 4th quarter. L & S Advisors Inc now owns 33,242 shares of the real estate investment trust’s stock worth $4,244,000 after acquiring an additional 138 shares during the last quarter. Hedge funds and other institutional investors own 93.50% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on PLD. Jefferies Financial Group decreased their price objective on Prologis from $157.00 to $155.00 and set a “buy” rating for the company in a report on Tuesday, April 14th. Bank of America lifted their price objective on Prologis from $153.00 to $162.00 and gave the stock a “buy” rating in a report on Monday, April 20th. BMO Capital Markets raised Prologis from a “market perform” rating to an “outperform” rating and lifted their price objective for the stock from $137.00 to $162.00 in a report on Thursday, May 7th. Mizuho raised their target price on Prologis from $143.00 to $150.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 22nd. Finally, UBS Group raised their target price on Prologis from $148.00 to $161.00 and gave the stock a “buy” rating in a research note 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. According to data from MarketBeat, Prologis presently has a consensus rating of “Moderate Buy” and a consensus price target of $149.76.

Prologis Stock Down 0.0%

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 has a 50-day simple moving average of $137.01 and a two-hundred day simple moving average of $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 company 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 issued its earnings results on Thursday, April 16th. The real estate investment trust reported $1.05 EPS for the quarter, topping the consensus estimate of $0.81 by $0.24. The business had revenue of $2.30 billion during the quarter, compared to the consensus estimate of $2.12 billion. Prologis had a return on equity of 6.47% and a net margin of 41.54%.The firm’s revenue was up 6.9% compared to the same quarter last year. During the same quarter last year, the company earned $1.43 EPS. Prologis has set its FY 2026 guidance at 6.070-6.230 EPS. Research analysts anticipate that Prologis, Inc. will post 6.17 earnings per share for the current fiscal year.

Prologis Announces Dividend

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

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.