Richard Bernstein Advisors LLC Sells 12,363 Shares of Prologis, Inc. $PLD

Richard Bernstein Advisors LLC reduced its stake in shares of Prologis, Inc. (NYSE:PLD) by 61.4% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 7,757 shares of the real estate investment trust’s stock after selling 12,363 shares during the period. Richard Bernstein Advisors LLC’s holdings in Prologis were worth $888,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Whittier Trust Co. of Nevada Inc. lifted its stake in Prologis by 0.5% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 16,583 shares of the real estate investment trust’s stock valued at $1,941,000 after buying an additional 82 shares during the period. Foster Dykema Cabot & Partners LLC lifted its position in shares of Prologis by 1.0% during the 3rd quarter. Foster Dykema Cabot & Partners LLC now owns 8,232 shares of the real estate investment trust’s stock valued at $943,000 after acquiring an additional 83 shares during the period. Cornerstone Advisory LLC lifted its position in shares of Prologis by 2.4% during the 3rd quarter. Cornerstone Advisory LLC now owns 3,535 shares of the real estate investment trust’s stock valued at $405,000 after acquiring an additional 84 shares during the period. Clear Investment Research LLC boosted its stake in Prologis by 34.5% during the third quarter. Clear Investment Research LLC now owns 343 shares of the real estate investment trust’s stock worth $39,000 after acquiring an additional 88 shares in the last quarter. Finally, Fidelis Capital Partners LLC grew its holdings in Prologis by 1.0% in the third quarter. Fidelis Capital Partners LLC now owns 9,069 shares of the real estate investment trust’s stock worth $1,039,000 after purchasing an additional 89 shares during the period. Institutional investors own 93.50% of the company’s stock.

Prologis Stock Performance

Shares of PLD opened at $136.18 on Wednesday. Prologis, Inc. has a 12 month low of $85.35 and a 12 month high of $143.95. The company has a market capitalization of $126.59 billion, a price-to-earnings ratio of 38.36, a PEG ratio of 3.34 and a beta of 1.41. The stock has a 50 day moving average of $134.23 and a 200 day moving average of $125.92. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.61.

Prologis (NYSE:PLD) last posted its quarterly earnings results on Wednesday, January 21st. The real estate investment trust reported $1.44 earnings per share for the quarter, hitting the consensus estimate of $1.44. The company had revenue of $2.25 billion during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.42 EPS. Prologis has set its FY 2026 guidance at 6.000-6.200 EPS. As a group, sell-side analysts forecast that Prologis, Inc. will post 5.73 earnings per share for the current year.

Prologis Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 17th will be paid a dividend of $1.07 per share. This is a positive change from Prologis’s previous quarterly dividend of $1.01. This represents a $4.28 annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend is Tuesday, March 17th. Prologis’s dividend payout ratio is 113.80%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. Royal Bank Of Canada increased their price objective on shares of Prologis from $132.00 to $135.00 and gave the stock a “sector perform” rating in a research report on Monday, February 2nd. Morgan Stanley set a $135.00 price target on Prologis in a report on Friday, January 16th. BMO Capital Markets reissued a “market perform” rating and issued a $123.00 price objective on shares of Prologis in a research note on Thursday, January 22nd. Barclays restated an “overweight” rating and set a $139.00 price objective on shares of Prologis in a report on Tuesday, January 13th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Prologis in a report on Monday, December 29th. Fourteen equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $137.20.

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.