Prologis, Inc. $PLD Shares Purchased by Resources Management Corp CT ADV

Resources Management Corp CT ADV increased its holdings in shares of Prologis, Inc. (NYSE:PLD) by 243.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 27,572 shares of the real estate investment trust’s stock after acquiring an additional 19,539 shares during the quarter. Resources Management Corp CT ADV’s holdings in Prologis were worth $3,520,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. High Note Wealth LLC boosted its position in Prologis by 43.9% during the fourth quarter. High Note Wealth LLC now owns 249 shares of the real estate investment trust’s stock worth $32,000 after acquiring an additional 76 shares during the last quarter. Dakota Community Bank & Trust NA raised its stake in Prologis by 3.4% during the fourth quarter. Dakota Community Bank & Trust NA now owns 2,398 shares of the real estate investment trust’s stock worth $306,000 after purchasing an additional 79 shares during the period. Dearborn Partners LLC raised its stake in Prologis by 4.2% during the fourth quarter. Dearborn Partners LLC now owns 1,969 shares of the real estate investment trust’s stock worth $251,000 after purchasing an additional 79 shares during the period. Peddock Capital Advisors LLC raised its stake in Prologis by 3.1% during the fourth quarter. Peddock Capital Advisors LLC now owns 2,651 shares of the real estate investment trust’s stock worth $338,000 after purchasing an additional 80 shares during the period. Finally, Foster Dykema Cabot & Partners LLC raised its stake in Prologis by 1.0% during the third quarter. Foster Dykema Cabot & Partners LLC now owns 8,232 shares of the real estate investment trust’s stock worth $943,000 after purchasing an additional 83 shares during the period. 93.50% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on PLD shares. Argus lifted their target price on shares of Prologis from $135.00 to $152.00 and gave the stock a “buy” rating in a research note on Friday, April 17th. Morgan Stanley lifted their target price on shares of Prologis from $135.00 to $151.00 and gave the stock an “equal weight” rating in a research note on Tuesday, May 26th. Weiss Ratings raised shares of Prologis from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, May 1st. Jefferies Financial Group reduced their target price on shares of Prologis from $157.00 to $155.00 and set a “buy” rating on the stock in a research note on Tuesday, April 14th. Finally, Wells Fargo & Company lifted their target price on shares of Prologis from $155.00 to $167.00 and gave the stock an “overweight” rating in a research note on Monday, June 1st. Sixteen analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $151.86.

Prologis Price Performance

Prologis stock opened at $148.49 on Monday. The company’s 50 day simple moving average is $141.99 and its 200-day simple moving average is $135.57. The company has a market capitalization of $138.44 billion, a price-to-earnings ratio of 37.40, a price-to-earnings-growth ratio of 3.27 and a beta of 1.32. Prologis, Inc. has a 1 year low of $103.41 and a 1 year high of $149.70. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.51 and a current ratio of 0.51.

Prologis (NYSE:PLD) last released its quarterly earnings results on Thursday, April 16th. The real estate investment trust reported $1.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.81 by $0.24. The business had revenue of $2.30 billion for the quarter, compared to the consensus estimate of $2.12 billion. Prologis had a net margin of 41.54% and a return on equity of 6.47%. The business’s revenue was up 6.9% on a year-over-year basis. During the same period in the previous year, the firm earned $1.43 EPS. Prologis has set its FY 2026 guidance at 6.070-6.230 EPS. As a group, equities research analysts expect that Prologis, Inc. will post 6.18 earnings per share for the current year.

Prologis Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 16th will be paid a $1.07 dividend. This represents a $4.28 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend is Tuesday, June 16th. Prologis’s payout ratio is 107.81%.

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.