Savant Capital LLC Decreases Stock Position in Prologis, Inc. $PLD

Savant Capital LLC cut its position in Prologis, Inc. (NYSE:PLD) by 65.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,012 shares of the real estate investment trust’s stock after selling 13,336 shares during the quarter. Savant Capital LLC’s holdings in Prologis were worth $895,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Nvwm LLC boosted its stake in Prologis by 6,069.7% during the 4th 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 boosted 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 valued at $5,109,000 after acquiring an additional 31,567 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in Prologis by 3.6% during the 3rd 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 acquiring an additional 126,613 shares during the last quarter. Assetmark Inc. boosted its stake in Prologis by 10.0% during the 3rd quarter. Assetmark Inc. now owns 79,350 shares of the real estate investment trust’s stock valued at $9,087,000 after acquiring an additional 7,217 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D boosted its stake in Prologis by 1.9% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 754,060 shares of the real estate investment trust’s stock valued at $86,355,000 after acquiring an additional 14,318 shares during the last quarter. 93.50% of the stock is currently owned by hedge funds and other institutional investors.

Prologis Stock Up 0.9%

PLD stock opened at $140.25 on Wednesday. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 0.60. Prologis, Inc. has a fifty-two week low of $103.41 and a fifty-two week high of $147.93. The firm’s 50-day simple moving average is $139.36 and its 200 day simple moving average is $134.26. The stock has a market cap of $130.76 billion, a PE ratio of 35.33, a price-to-earnings-growth ratio of 3.06 and a beta of 1.32.

Prologis (NYSE:PLD) last released its quarterly earnings data on Thursday, April 16th. The real estate investment trust reported $1.05 earnings per share for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $2.12 billion. During the same quarter last year, the company earned $1.43 EPS. The company’s revenue for the quarter was up 6.9% compared to the same quarter last year. 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 6.18 EPS for the current year.

Prologis Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 16th will be issued a $1.07 dividend. This represents a $4.28 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend is Tuesday, June 16th. Prologis’s dividend payout ratio (DPR) is 107.81%.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. Wells Fargo & Company increased their price objective on shares of Prologis from $155.00 to $167.00 and gave the company an “overweight” rating in a research note on Monday. Robert W. Baird raised their price target on shares of Prologis from $133.00 to $136.00 and gave the stock a “neutral” rating in a research report on Friday, April 17th. The Goldman Sachs Group restated a “neutral” rating and issued a $157.00 price target on shares of Prologis in a research report on Friday, April 17th. Wall Street Zen upgraded shares of Prologis from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Finally, BNP Paribas Exane raised their price target on shares of Prologis from $140.00 to $150.00 and gave the stock an “outperform” rating in a research report on Friday, April 17th. Sixteen analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Prologis has a consensus rating of “Moderate Buy” and a consensus target price of $151.86.

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.