Prospera Financial Services Inc Decreases Stock Holdings in Prologis, Inc. $PLD

Prospera Financial Services Inc cut its holdings in Prologis, Inc. (NYSE:PLD) by 12.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 41,485 shares of the real estate investment trust’s stock after selling 6,115 shares during the quarter. Prospera Financial Services Inc’s holdings in Prologis were worth $5,297,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Nvwm LLC grew its holdings in Prologis by 6,069.7% in the fourth quarter. Nvwm LLC now owns 15,486 shares of the real estate investment trust’s stock valued at $1,977,000 after purchasing an additional 15,235 shares during the period. Foresight Group Ltd Liability Partnership boosted its stake in shares of Prologis by 240.1% in 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 acquiring an additional 31,567 shares during the last quarter. National Pension Service boosted its stake in shares of Prologis by 2.4% in the third quarter. National Pension Service now owns 2,443,137 shares of the real estate investment trust’s stock worth $279,788,000 after acquiring an additional 56,272 shares during the last quarter. Envestnet Asset Management Inc. lifted its position in Prologis by 3.6% during the third quarter. Envestnet Asset Management Inc. now owns 3,644,875 shares of the real estate investment trust’s stock worth $417,411,000 after buying an additional 126,613 shares in the last quarter. Finally, Assetmark Inc. lifted its position in Prologis by 10.0% during the third quarter. Assetmark Inc. now owns 79,350 shares of the real estate investment trust’s stock worth $9,087,000 after buying an additional 7,217 shares in the last quarter. 93.50% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have commented on PLD. BNP Paribas Exane lifted their target price on Prologis from $140.00 to $150.00 and gave the company an “outperform” rating in a research report on Friday, April 17th. Scotiabank boosted their price objective on Prologis from $146.00 to $154.00 and gave the company an “outperform” rating in a report on Tuesday, April 21st. Wall Street Zen upgraded Prologis from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Argus upped their price target on Prologis from $135.00 to $152.00 and gave the stock a “buy” rating in a report on Friday, April 17th. Finally, Truist Financial upped their price objective on Prologis from $139.00 to $154.00 and gave the stock a “buy” rating in a research report on Friday, April 24th. Sixteen research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $149.76.

Prologis Stock Performance

Shares of PLD stock opened at $146.05 on Tuesday. The company has a market cap of $136.17 billion, a price-to-earnings ratio of 36.79, a price-to-earnings-growth ratio of 3.21 and a beta of 1.33. The stock has a 50 day simple moving average of $138.14 and a 200-day simple moving average of $133.58. Prologis, Inc. has a 12-month low of $103.02 and a 12-month high of $146.27. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.60.

Prologis (NYSE:PLD) last released its quarterly earnings data 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 return on equity of 6.47% and a net margin of 41.54%.The firm had revenue of $2.30 billion during the quarter, compared to the consensus estimate of $2.12 billion. During the same period last year, the business posted $1.43 EPS. Prologis’s quarterly revenue 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 analysts forecast that Prologis, Inc. will post 6.17 EPS for the current year.

Prologis Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 16th will be issued a dividend of $1.07 per share. The ex-dividend date is Tuesday, June 16th. This represents a $4.28 annualized dividend and a dividend yield of 2.9%. Prologis’s dividend payout ratio (DPR) is 107.81%.

Prologis Company 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.