New Age Alpha Advisors LLC Has $16.95 Million Position in Prologis, Inc. $PLD

New Age Alpha Advisors LLC trimmed its position in Prologis, Inc. (NYSE:PLD) by 4.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 147,996 shares of the real estate investment trust’s stock after selling 7,078 shares during the period. Prologis makes up approximately 0.7% of New Age Alpha Advisors LLC’s holdings, making the stock its 17th biggest holding. New Age Alpha Advisors LLC’s holdings in Prologis were worth $16,949,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Clayton Financial Group LLC acquired a new stake in Prologis in the third quarter worth $26,000. Silver Oak Securities Incorporated acquired a new position in shares of Prologis in the 3rd quarter valued at $36,000. Rossby Financial LCC increased its position in shares of Prologis by 69.6% in the 3rd quarter. Rossby Financial LCC now owns 329 shares of the real estate investment trust’s stock valued at $38,000 after buying an additional 135 shares in the last quarter. Dogwood Wealth Management LLC raised its stake in Prologis by 87.3% during the 3rd quarter. Dogwood Wealth Management LLC now owns 339 shares of the real estate investment trust’s stock worth $39,000 after buying an additional 158 shares during the period. Finally, Clear Investment Research LLC lifted its holdings in Prologis by 34.5% during the third quarter. Clear Investment Research LLC now owns 343 shares of the real estate investment trust’s stock worth $39,000 after acquiring an additional 88 shares in the last quarter. Institutional investors own 93.50% of the company’s stock.

Insiders Place Their Bets

In other Prologis news, Director Cristina Gabriela Bita sold 621 shares of the business’s stock in a transaction that occurred on 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 of the company’s stock, valued at $1,047,340.80. The trade was a 7.03% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.57% of the stock is currently owned by corporate insiders.

Prologis Stock Down 0.2%

Prologis stock opened at $142.44 on Friday. The company has a current ratio of 0.58, a quick ratio of 0.58 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 $143.95. The company has a fifty day simple moving average of $132.89 and a 200 day simple moving average of $124.34. The company has a market cap of $132.41 billion, a P/E ratio of 40.12, a price-to-earnings-growth ratio of 3.52 and a beta of 1.42.

Prologis (NYSE:PLD) last posted its quarterly earnings data on Wednesday, January 21st. The real estate investment trust reported $1.44 EPS for the quarter, hitting analysts’ consensus estimates of $1.44. The company had revenue of $2.25 billion during the quarter, compared to the consensus estimate of $2.09 billion. Prologis had a net margin of 37.86% and a return on equity of 5.79%. The company’s quarterly revenue was up 7.8% on a year-over-year basis. During the same period in the prior year, the business posted $1.42 EPS. Prologis has set its FY 2026 guidance at 6.000-6.200 EPS. Research analysts anticipate that Prologis, Inc. will post 5.73 earnings per share for the current fiscal year.

Prologis Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 17th will be given a dividend of $1.07 per share. This represents a $4.28 annualized dividend and a yield of 3.0%. This is a boost from Prologis’s previous quarterly dividend of $1.01. The ex-dividend date of this dividend is Tuesday, March 17th. Prologis’s payout ratio is currently 113.80%.

Analysts Set New Price Targets

Several brokerages have issued reports on PLD. BMO Capital Markets restated a “market perform” rating and issued a $123.00 price target on shares of Prologis in a report on Thursday, January 22nd. The Goldman Sachs Group boosted their price objective on Prologis from $137.00 to $148.00 and gave the company a “neutral” rating in a research report on Monday, February 9th. Morgan Stanley set a $135.00 target price on shares of Prologis in a report on Friday, January 16th. Truist Financial cut their price target on shares of Prologis from $142.00 to $139.00 and set a “buy” rating on the stock in a research note on Monday, January 26th. Finally, Scotiabank raised shares of Prologis from a “sector perform” rating to a “sector outperform” rating and increased their price objective for the stock from $133.00 to $146.00 in a research report on Wednesday, January 14th. Fourteen research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $136.95.

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.