Knights of Columbus Asset Advisors LLC Acquires 11,315 Shares of Prologis, Inc. $PLD

Knights of Columbus Asset Advisors LLC raised its stake in shares of Prologis, Inc. (NYSE:PLD) by 10.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 119,016 shares of the real estate investment trust’s stock after buying an additional 11,315 shares during the period. Prologis accounts for approximately 0.8% of Knights of Columbus Asset Advisors LLC’s portfolio, making the stock its 27th biggest holding. Knights of Columbus Asset Advisors LLC’s holdings in Prologis were worth $13,630,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Brighton Jones LLC boosted its position in Prologis by 629.0% during the fourth quarter. Brighton Jones LLC now owns 17,475 shares of the real estate investment trust’s stock worth $1,847,000 after purchasing an additional 15,078 shares during the period. Truist Financial Corp boosted its holdings in Prologis by 7.3% in the 2nd quarter. Truist Financial Corp now owns 318,910 shares of the real estate investment trust’s stock valued at $33,524,000 after purchasing an additional 21,640 shares during the period. Cooper Financial Group acquired a new stake in shares of Prologis during the 2nd quarter valued at about $684,000. Consolidated Portfolio Review Corp increased its stake in Prologis by 25.7% in the second quarter. Consolidated Portfolio Review Corp now owns 6,844 shares of the real estate investment trust’s stock valued at $719,000 after acquiring an additional 1,400 shares during the period. Finally, Ninety One UK Ltd raised its position in Prologis by 482.6% in the second quarter. Ninety One UK Ltd now owns 108,886 shares of the real estate investment trust’s stock worth $11,446,000 after purchasing an additional 90,197 shares in the last quarter. Institutional investors own 93.50% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on PLD. Argus upped their price target on Prologis from $128.00 to $135.00 and gave the company a “buy” rating in a research report on Thursday, January 22nd. Wells Fargo & Company increased their target price on shares of Prologis from $120.00 to $139.00 and gave the stock an “overweight” rating in a research report on Monday, October 27th. Evercore ISI boosted their price target on shares of Prologis from $118.00 to $121.00 and gave the company an “in-line” rating in a research report on Thursday, January 22nd. UBS Group raised their price objective on shares of Prologis from $144.00 to $148.00 and gave the stock a “buy” rating in a report on Thursday, January 22nd. Finally, Citigroup reissued a “buy” rating on shares of Prologis in a report on Monday. Thirteen investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat, Prologis has a consensus rating of “Moderate Buy” and a consensus price target of $134.22.

Prologis Stock Performance

Prologis stock opened at $130.47 on Friday. The company has a market cap of $121.19 billion, a PE ratio of 36.75, a PEG ratio of 3.15 and a beta of 1.40. The company has a current ratio of 0.19, a quick ratio of 0.64 and a debt-to-equity ratio of 0.61. Prologis, Inc. has a 1 year low of $85.35 and a 1 year high of $134.94. The company’s 50-day moving average is $128.78 and its two-hundred day moving average is $119.75.

Prologis (NYSE:PLD) last issued its quarterly earnings results on Wednesday, January 21st. The real estate investment trust reported $1.44 EPS for the quarter, hitting the consensus estimate of $1.44. Prologis had a net margin of 37.86% and a return on equity of 5.78%. The company had revenue of $2.25 billion during the quarter, compared to analysts’ expectations of $2.09 billion. During the same quarter in the previous year, the company earned $1.42 EPS. Prologis’s revenue was up 7.8% on a year-over-year basis. Prologis has set its FY 2026 guidance at 6.000-6.200 EPS. Equities analysts anticipate that Prologis, Inc. will post 5.73 earnings per share for the current year.

Prologis Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Tuesday, December 16th were paid a dividend of $1.01 per share. The ex-dividend date of this dividend was Tuesday, December 16th. This represents a $4.04 dividend on an annualized basis and a dividend yield of 3.1%. Prologis’s payout ratio is 117.78%.

Insiders Place Their Bets

In other Prologis news, Director Cristina Gabriela Bita sold 621 shares of the firm’s stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $127.60, for a total transaction of $79,239.60. Following the transaction, the director owned 8,208 shares in the company, valued at approximately $1,047,340.80. This trade represents a 7.03% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.57% of the company’s stock.

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.