Islay Capital Management LLC Invests $2 Million in Prologis, Inc. $PLD

Islay Capital Management LLC acquired a new stake in shares of Prologis, Inc. (NYSE:PLD) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 17,444 shares of the real estate investment trust’s stock, valued at approximately $1,998,000. Prologis makes up 1.1% of Islay Capital Management LLC’s investment portfolio, making the stock its 24th biggest holding.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Clayton Financial Group LLC bought a new stake in shares of Prologis during the third quarter valued at approximately $26,000. Silver Oak Securities Incorporated purchased a new stake in Prologis during the 3rd quarter valued at $36,000. Rossby Financial LCC increased its holdings in shares of Prologis by 69.6% in the 3rd quarter. Rossby Financial LCC now owns 329 shares of the real estate investment trust’s stock worth $38,000 after purchasing an additional 135 shares in the last quarter. Dogwood Wealth Management LLC raised its stake in shares of Prologis by 87.3% in the third quarter. Dogwood Wealth Management LLC now owns 339 shares of the real estate investment trust’s stock worth $39,000 after purchasing an additional 158 shares during the last quarter. Finally, Clear Investment Research LLC lifted its holdings in shares of Prologis by 34.5% during the third quarter. Clear Investment Research LLC now owns 343 shares of the real estate investment trust’s stock valued at $39,000 after purchasing an additional 88 shares in the last quarter. Institutional investors own 93.50% of the company’s stock.

Prologis Stock Performance

NYSE:PLD opened at $137.73 on Friday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.58 and a current ratio of 0.58. The stock has a 50-day simple moving average of $133.84 and a two-hundred day simple moving average of $125.15. The firm has a market capitalization of $128.03 billion, a PE ratio of 38.80, a P/E/G ratio of 3.45 and a beta of 1.41. Prologis, Inc. has a 52-week low of $85.35 and a 52-week high of $143.95.

Prologis (NYSE:PLD) last posted its quarterly earnings data on Wednesday, January 21st. The real estate investment trust reported $1.44 earnings per share 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 business’s quarterly revenue was up 7.8% on a year-over-year basis. During the same period in the previous year, the firm earned $1.42 EPS. Prologis has set its FY 2026 guidance at 6.000-6.200 EPS. Analysts forecast that Prologis, Inc. will post 5.73 EPS for the current year.

Prologis Increases Dividend

The company also recently declared 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. The ex-dividend date is Tuesday, March 17th. 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 dividend yield of 3.1%. Prologis’s dividend payout ratio (DPR) is currently 113.80%.

Wall Street Analysts Forecast Growth

PLD has been the topic of a number of recent analyst reports. UBS Group raised their price target on shares of Prologis from $144.00 to $148.00 and gave the company a “buy” rating in a report on Thursday, January 22nd. Barclays restated an “overweight” rating and issued a $139.00 target price on shares of Prologis in a report on Tuesday, January 13th. Truist Financial lowered their price target on Prologis from $142.00 to $139.00 and set a “buy” rating on the stock in a report on Monday, January 26th. Citigroup initiated coverage on Prologis in a report on Thursday. They issued a “buy” rating and a $145.00 price objective for the company. Finally, BMO Capital Markets reissued a “market perform” rating and issued a $123.00 target price on shares of Prologis in a report on Thursday, January 22nd. Fourteen investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $137.20.

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.