Harbour Investments Inc. Grows Stock Position in Prologis, Inc. $PLD

Harbour Investments Inc. increased its holdings in Prologis, Inc. (NYSE:PLD) by 121.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 25,233 shares of the real estate investment trust’s stock after buying an additional 13,848 shares during the quarter. Harbour Investments Inc.’s holdings in Prologis were worth $3,221,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in PLD. Nvwm LLC grew its stake in shares of Prologis by 6,069.7% during the 4th quarter. Nvwm LLC now owns 15,486 shares of the real estate investment trust’s stock valued at $1,977,000 after acquiring an additional 15,235 shares during the period. Foresight Group Ltd Liability Partnership raised its stake in Prologis by 240.1% during the 3rd 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 period. National Pension Service lifted its holdings in Prologis by 2.4% during 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 purchasing an additional 56,272 shares in the last quarter. Envestnet Asset Management Inc. lifted its holdings 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 valued at $417,411,000 after purchasing an additional 126,613 shares in the last quarter. Finally, Assetmark Inc. boosted its position 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 purchasing an additional 7,217 shares during the period. 93.50% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

PLD has been the topic of several recent analyst reports. Weiss Ratings upgraded shares of Prologis from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, May 1st. The Goldman Sachs Group reiterated a “neutral” rating and issued a $157.00 price target on shares of Prologis in a research note on Friday, April 17th. Jefferies Financial Group decreased their price target on Prologis from $157.00 to $155.00 and set a “buy” rating on the stock in a report on Tuesday, April 14th. Wall Street Zen upgraded Prologis from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Finally, BNP Paribas Exane upped their price objective on Prologis from $140.00 to $150.00 and gave the stock an “outperform” rating in a research note on Friday, April 17th. Sixteen research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, Prologis currently has a consensus rating of “Moderate Buy” and an average price target of $150.52.

Prologis Price Performance

PLD stock opened at $146.55 on Thursday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.51 and a current ratio of 0.51. The company’s fifty day moving average price is $138.69 and its 200-day moving average price is $133.90. Prologis, Inc. has a one year low of $103.41 and a one year high of $147.93. The company has a market capitalization of $136.63 billion, a PE ratio of 36.91, a price-to-earnings-growth ratio of 3.24 and a beta of 1.33.

Prologis (NYSE:PLD) last posted its earnings results 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. The company had revenue of $2.30 billion during the quarter, compared to analysts’ expectations of $2.12 billion. Prologis had a net margin of 41.54% and a return on equity of 6.47%. Prologis’s quarterly revenue was up 6.9% on a year-over-year basis. During the same period last year, the company posted $1.43 earnings per share. Prologis has set its FY 2026 guidance at 6.070-6.230 EPS. On average, equities analysts anticipate that Prologis, Inc. will post 6.17 EPS for the current fiscal year.

Prologis Announces Dividend

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