Prologis, Inc. $PLD Shares Purchased by Prevail Innovative Wealth Advisors LLC

Prevail Innovative Wealth Advisors LLC increased its position in shares of Prologis, Inc. (NYSE:PLD) by 6.9% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 61,092 shares of the real estate investment trust’s stock after buying an additional 3,960 shares during the period. Prologis accounts for 1.4% of Prevail Innovative Wealth Advisors LLC’s holdings, making the stock its 11th biggest position. Prevail Innovative Wealth Advisors LLC’s holdings in Prologis were worth $6,996,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Norges Bank acquired a new position in shares of Prologis in the second quarter worth about $1,288,936,000. Franklin Resources Inc. boosted its stake in shares of Prologis by 216.0% during the 2nd quarter. Franklin Resources Inc. now owns 10,050,843 shares of the real estate investment trust’s stock worth $1,056,545,000 after acquiring an additional 6,870,479 shares in the last quarter. State Street Corp grew its position in shares of Prologis by 1.9% during the 2nd quarter. State Street Corp now owns 58,640,842 shares of the real estate investment trust’s stock valued at $6,164,325,000 after acquiring an additional 1,088,544 shares during the period. Federated Hermes Inc. grew its position in shares of Prologis by 30.3% during the 3rd quarter. Federated Hermes Inc. now owns 4,256,236 shares of the real estate investment trust’s stock valued at $487,424,000 after acquiring an additional 988,986 shares during the period. Finally, Mondrian Investment Partners LTD purchased a new position in shares of Prologis in the 3rd quarter valued at about $112,141,000. Institutional investors and hedge funds own 93.50% of the company’s stock.

Prologis Trading Down 2.5%

Shares of Prologis stock opened at $134.42 on Friday. The firm has a market capitalization of $124.95 billion, a PE ratio of 37.86, a P/E/G ratio of 3.33 and a beta of 1.41. Prologis, Inc. has a twelve month low of $85.35 and a twelve month high of $143.95. The firm’s 50-day moving average price is $133.95 and its 200 day moving average price is $125.46. 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 (NYSE:PLD) last posted its quarterly earnings data on Wednesday, January 21st. The real estate investment trust reported $1.44 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.44. Prologis had a return on equity of 5.79% and a net margin of 37.86%.The company had revenue of $2.25 billion for the quarter, compared to analysts’ expectations of $2.09 billion. During the same period in the previous year, the firm posted $1.42 EPS. Prologis’s revenue was up 7.8% compared to the same quarter last year. Prologis has set its FY 2026 guidance at 6.000-6.200 EPS. On average, sell-side analysts predict that Prologis, Inc. will post 5.73 EPS for the current fiscal year.

Prologis Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 17th will be paid a $1.07 dividend. This is a boost from Prologis’s previous quarterly dividend of $1.01. This represents a $4.28 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date of this dividend is Tuesday, March 17th. Prologis’s dividend payout ratio is presently 113.80%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on PLD. Argus upped their price target on Prologis from $128.00 to $135.00 and gave the stock a “buy” rating in a report on Thursday, January 22nd. Mizuho raised their price objective on Prologis from $138.00 to $143.00 and gave the company an “outperform” rating in a report on Monday, January 26th. Evercore boosted their price objective on Prologis from $118.00 to $121.00 and gave the company an “in-line” rating in a research report on Thursday, January 22nd. Truist Financial reduced their target price on Prologis from $142.00 to $139.00 and set a “buy” rating for the company in a research note on Monday, January 26th. Finally, Morgan Stanley set a $135.00 target price on Prologis in a research report on Friday, January 16th. Fourteen investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $137.20.

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.