Cannell & Spears LLC Buys 21,837 Shares of Prologis, Inc. $PLD

Cannell & Spears LLC lifted its stake in shares of Prologis, Inc. (NYSE:PLD) by 7.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 318,284 shares of the real estate investment trust’s stock after buying an additional 21,837 shares during the period. Cannell & Spears LLC’s holdings in Prologis were worth $36,450,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. D.A. Davidson & CO. lifted its position in shares of Prologis by 16.7% during the third quarter. D.A. Davidson & CO. now owns 587,157 shares of the real estate investment trust’s stock valued at $67,241,000 after purchasing an additional 83,966 shares in the last quarter. Foresight Group Ltd Liability Partnership boosted its holdings in Prologis by 240.1% during the third quarter. Foresight Group Ltd Liability Partnership now owns 44,715 shares of the real estate investment trust’s stock worth $5,109,000 after purchasing an additional 31,567 shares during the last quarter. National Pension Service grew its position in Prologis by 2.4% in the 3rd quarter. National Pension Service now owns 2,443,137 shares of the real estate investment trust’s stock worth $279,788,000 after purchasing an additional 56,272 shares in the last quarter. Envestnet Asset Management Inc. grew its position in Prologis by 3.6% in the 3rd quarter. Envestnet Asset Management Inc. now owns 3,644,875 shares of the real estate investment trust’s stock worth $417,411,000 after purchasing an additional 126,613 shares in the last quarter. Finally, Assetmark Inc. increased its stake in Prologis by 10.0% in the 3rd quarter. Assetmark Inc. now owns 79,350 shares of the real estate investment trust’s stock valued at $9,087,000 after buying an additional 7,217 shares during the last quarter. Institutional investors own 93.50% of the company’s stock.

Prologis Stock Down 0.1%

Prologis stock opened at $131.73 on Friday. Prologis, Inc. has a twelve month low of $85.35 and a twelve month high of $143.95. The firm has a 50 day moving average price of $134.50 and a 200-day moving average price of $126.26. The company has a market capitalization of $122.45 billion, a P/E ratio of 37.11, a P/E/G ratio of 3.12 and a beta of 1.41. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.61.

Prologis (NYSE:PLD) last issued its quarterly earnings results 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. The company had revenue of $2.25 billion during the quarter, compared to analyst estimates of $2.09 billion. Prologis had a net margin of 37.86% and a return on equity of 5.79%. Prologis’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same quarter last year, the business posted $1.42 EPS. Prologis has set its FY 2026 guidance at 6.000-6.200 EPS. As a group, equities analysts predict that Prologis, Inc. will post 5.73 EPS for the current year.

Prologis Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 17th will be given a $1.07 dividend. This is an increase from Prologis’s previous quarterly dividend of $1.01. This represents a $4.28 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date of this dividend is Tuesday, March 17th. Prologis’s dividend payout ratio (DPR) is 120.56%.

Analyst Ratings Changes

Several equities analysts have commented on PLD shares. Argus lifted their target price on shares of Prologis from $128.00 to $135.00 and gave the stock a “buy” rating in a research report on Thursday, January 22nd. The Goldman Sachs Group upped their target price on Prologis from $137.00 to $148.00 and gave the company a “neutral” rating in a report on Monday, February 9th. BMO Capital Markets reaffirmed a “market perform” rating and set a $123.00 price target on shares of Prologis in a research report on Thursday, January 22nd. Morgan Stanley set a $135.00 price target on Prologis in a report on Friday, January 16th. Finally, BTIG Research upped their price objective on Prologis from $134.00 to $155.00 and gave the company a “buy” rating in a research note on Wednesday, December 31st. Fourteen analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat, Prologis currently 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.