Aster Capital Management DIFC Ltd Makes New Investment in Prologis, Inc. $PLD

Aster Capital Management DIFC Ltd purchased a new position in shares of Prologis, Inc. (NYSE:PLD) in the fourth quarter, HoldingsChannel reports. The fund purchased 9,787 shares of the real estate investment trust’s stock, valued at approximately $1,249,000. Prologis comprises 0.5% of Aster Capital Management DIFC Ltd’s portfolio, making the stock its 29th biggest holding.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Ares Financial Consulting LLC acquired a new stake in Prologis during the 4th quarter worth about $26,000. High Point Wealth Management LLC acquired a new position in shares of Prologis in the 4th quarter valued at about $26,000. Eagle Bay Advisors LLC acquired a new position in shares of Prologis in the 4th quarter valued at about $27,000. SouthState Bank Corp lifted its holdings in shares of Prologis by 73.1% in the 4th quarter. SouthState Bank Corp now owns 225 shares of the real estate investment trust’s stock valued at $29,000 after buying an additional 95 shares during the period. Finally, Hilton Head Capital Partners LLC acquired a new position in shares of Prologis in the 4th quarter valued at about $29,000. Institutional investors and hedge funds own 93.50% of the company’s stock.

Prologis Price Performance

NYSE:PLD opened at $148.45 on Tuesday. Prologis, Inc. has a 12 month low of $103.41 and a 12 month high of $150.18. The stock has a 50 day moving average of $142.28 and a two-hundred day moving average of $135.72. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.60. The firm has a market cap of $138.41 billion, a P/E ratio of 37.39, a price-to-earnings-growth ratio of 3.27 and a beta of 1.32.

Prologis (NYSE:PLD) last posted its quarterly earnings data 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. Prologis had a return on equity of 6.47% and a net margin of 41.54%.The company had revenue of $2.30 billion during the quarter, compared to analyst estimates of $2.12 billion. During the same period in the previous year, the business earned $1.43 EPS. Prologis’s quarterly revenue was up 6.9% on a year-over-year basis. Prologis has set its FY 2026 guidance at 6.070-6.230 EPS. On average, analysts expect that Prologis, Inc. will post 6.18 earnings per share for the current fiscal year.

Prologis Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 16th will be paid a dividend of $1.07 per share. This represents a $4.28 annualized dividend and a yield of 2.9%. The ex-dividend date is Tuesday, June 16th. Prologis’s payout ratio is 107.81%.

Wall Street Analysts Forecast Growth

PLD has been the subject of several analyst reports. Wall Street Zen raised Prologis from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Scotiabank boosted their price objective on Prologis from $146.00 to $154.00 and gave the company an “outperform” rating in a report on Tuesday, April 21st. UBS Group boosted their price objective on Prologis from $148.00 to $161.00 and gave the company a “buy” rating in a report on Friday, April 17th. Argus boosted their price objective on Prologis from $135.00 to $152.00 and gave the company a “buy” rating in a report on Friday, April 17th. Finally, Truist Financial boosted their price objective on Prologis from $139.00 to $154.00 and gave the company a “buy” rating in a report on Friday, April 24th. Sixteen investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, Prologis currently has an average rating of “Moderate Buy” and an average target price of $151.86.

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.