Fayez Sarofim & Co Grows Stake in Prologis, Inc. $PLD

Fayez Sarofim & Co increased its stake in shares of Prologis, Inc. (NYSE:PLD) by 13.3% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 196,711 shares of the real estate investment trust’s stock after purchasing an additional 23,069 shares during the period. Fayez Sarofim & Co’s holdings in Prologis were worth $22,527,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. D.A. Davidson & CO. lifted its holdings in Prologis by 16.7% in the 3rd 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 grew its holdings in shares of 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 buying an additional 31,567 shares in the last quarter. National Pension Service raised its position 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 valued at $279,788,000 after buying an additional 56,272 shares during the last quarter. Envestnet Asset Management Inc. lifted its stake in shares of Prologis by 3.6% in 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 stake in shares of Prologis by 10.0% in 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 owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Wall Street Zen cut shares of Prologis from a “hold” rating to a “sell” rating in a research note on Saturday, February 7th. BMO Capital Markets reissued a “market perform” rating and issued a $123.00 target price on shares of Prologis in a research note on Thursday, January 22nd. BTIG Research boosted their target price on Prologis from $134.00 to $155.00 and gave the stock a “buy” rating in a report on Wednesday, December 31st. Morgan Stanley set a $135.00 price target on Prologis in a research report on Friday, January 16th. Finally, Freedom Capital cut Prologis from a “strong-buy” rating to a “hold” rating in a report on Friday, January 23rd. Fourteen research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Prologis presently has an average rating of “Moderate Buy” and an average target price of $137.20.

Prologis Stock Down 0.1%

Shares of NYSE PLD opened at $131.73 on Monday. 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 debt-to-equity ratio of 0.61, a current ratio of 0.58 and a quick ratio of 0.58. The company has a 50 day simple moving average of $134.50 and a 200-day simple moving average of $126.36. Prologis, Inc. has a 1 year low of $85.35 and a 1 year high of $143.95.

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

Prologis Increases Dividend

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

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.