Calamos Advisors LLC Purchases 140,522 Shares of Prologis, Inc. $PLD

Calamos Advisors LLC lifted its holdings in shares of Prologis, Inc. (NYSE:PLD) by 71.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 336,518 shares of the real estate investment trust’s stock after buying an additional 140,522 shares during the quarter. Calamos Advisors LLC’s holdings in Prologis were worth $44,481,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in PLD. High Point Wealth Management LLC purchased a new position in Prologis during the fourth quarter valued at approximately $26,000. Ares Financial Consulting LLC purchased a new position in Prologis in the fourth quarter worth $26,000. Eagle Bay Advisors LLC purchased a new position in shares of Prologis in the 4th quarter worth about $27,000. SouthState Bank Corp grew its position in Prologis by 73.1% during the fourth quarter. SouthState Bank Corp now owns 225 shares of the real estate investment trust’s stock valued at $29,000 after acquiring an additional 95 shares during the last quarter. Finally, Hilton Head Capital Partners LLC bought a new position in shares of Prologis during the 4th quarter valued at $29,000. Hedge funds and other institutional investors own 93.50% of the company’s stock.

Insider Activity at Prologis

In related news, CFO Timothy D. Arndt sold 3,597 shares of the company’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $150.00, for a total transaction of $539,550.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.52% of the company’s stock.

Prologis Stock Up 0.9%

NYSE PLD opened at $142.09 on Tuesday. Prologis, Inc. has a 52 week low of $103.41 and a 52 week high of $150.18. The company has a market capitalization of $132.47 billion, a P/E ratio of 35.79 and a beta of 1.32. The stock’s 50-day moving average price is $142.82 and its 200-day moving average price is $137.47. 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 (NYSE:PLD) last issued its quarterly earnings results on Thursday, April 16th. The real estate investment trust reported $1.05 earnings per share 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 for the quarter, compared to the consensus estimate of $2.12 billion. During the same quarter in the previous year, the firm earned $1.43 earnings per share. The company’s revenue for the quarter 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, equities research analysts predict that Prologis, Inc. will post 6.17 earnings per share for the current year.

Prologis Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 16th were issued a $1.07 dividend. The ex-dividend date of this dividend was Tuesday, June 16th. This represents a $4.28 dividend on an annualized basis and a yield of 3.0%. Prologis’s payout ratio is currently 107.81%.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. Bank of America lifted their price target on Prologis from $153.00 to $162.00 and gave the stock a “buy” rating in a research note on Monday, April 20th. BTIG Research increased their price target on shares of Prologis from $160.00 to $170.00 and gave the stock a “buy” rating in a research note on Wednesday, July 1st. Royal Bank Of Canada raised their price objective on Prologis from $135.00 to $148.00 and gave the company a “sector perform” rating in a research report on Tuesday, April 28th. Citigroup boosted their price target on Prologis from $145.00 to $165.00 and gave the stock a “buy” rating in a research report on Tuesday, April 21st. Finally, BNP Paribas Exane increased their price objective on shares of Prologis from $140.00 to $150.00 and gave the company an “outperform” rating in a research report on Friday, April 17th. Fifteen research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $152.00.

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.