New Age Alpha Advisors LLC Sells 15,992 Shares of Prologis, Inc. $PLD

New Age Alpha Advisors LLC lessened its position in shares of Prologis, Inc. (NYSE:PLD) by 10.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 132,004 shares of the real estate investment trust’s stock after selling 15,992 shares during the period. Prologis comprises 0.7% of New Age Alpha Advisors LLC’s holdings, making the stock its 15th largest position. New Age Alpha Advisors LLC’s holdings in Prologis were worth $16,852,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the stock. Connors Investor Services Inc. grew its holdings in shares of Prologis by 1.7% in the 4th quarter. Connors Investor Services Inc. now owns 69,340 shares of the real estate investment trust’s stock valued at $8,852,000 after acquiring an additional 1,135 shares in the last quarter. Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new position in shares of Prologis in the 4th quarter valued at about $783,000. Coldstream Capital Management Inc. grew its holdings in shares of Prologis by 163.1% in the 4th quarter. Coldstream Capital Management Inc. now owns 44,128 shares of the real estate investment trust’s stock valued at $5,634,000 after acquiring an additional 27,356 shares in the last quarter. Life Cycle Investment Partners Ltd bought a new position in shares of Prologis in the 4th quarter valued at about $35,685,000. Finally, Buckhead Capital Management LLC grew its holdings in shares of Prologis by 16.7% in the 4th quarter. Buckhead Capital Management LLC now owns 2,468 shares of the real estate investment trust’s stock valued at $315,000 after acquiring an additional 353 shares in the last quarter. Institutional investors own 93.50% of the company’s stock.

Prologis Trading Up 0.1%

Prologis stock opened at $146.05 on Monday. Prologis, Inc. has a 52 week low of $103.02 and a 52 week high of $146.27. 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 stock has a market capitalization of $136.17 billion, a P/E ratio of 36.79, a PEG ratio of 3.21 and a beta of 1.33. The stock has a 50-day simple moving average of $137.85 and a 200 day simple moving average of $133.42.

Prologis (NYSE:PLD) last posted its quarterly earnings results on Thursday, April 16th. The real estate investment trust reported $1.05 EPS for the quarter, topping analysts’ consensus estimates of $0.81 by $0.24. Prologis had a return on equity of 6.47% and a net margin of 41.54%.The business had revenue of $2.30 billion during the quarter, compared to analysts’ expectations of $2.12 billion. During the same quarter last year, the company posted $1.43 earnings per share. 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. Analysts expect that Prologis, Inc. will post 6.17 earnings per share for the current year.

Prologis Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors 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 dividend on an annualized basis and a yield of 2.9%. Prologis’s dividend payout ratio (DPR) is presently 107.81%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on PLD. DA Davidson raised their price objective on Prologis from $140.00 to $160.00 and gave the company a “buy” rating in a report on Tuesday, April 21st. Jefferies Financial Group decreased their price objective on Prologis from $157.00 to $155.00 and set a “buy” rating for the company in a report on Tuesday, April 14th. Scotiabank raised 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. Argus raised their price objective on Prologis from $135.00 to $152.00 and gave the company a “buy” rating in a report on Friday, April 17th. Finally, Citigroup raised their price objective on Prologis from $145.00 to $165.00 and gave the company a “buy” rating in a report on Tuesday, April 21st. Sixteen analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $149.76.

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.