Rockefeller Capital Management L.P. Boosts Stock Holdings in Prologis, Inc. $PLD

Rockefeller Capital Management L.P. increased its stake in Prologis, Inc. (NYSE:PLD) by 9.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 887,723 shares of the real estate investment trust’s stock after acquiring an additional 79,920 shares during the period. Rockefeller Capital Management L.P. owned approximately 0.10% of Prologis worth $113,327,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of PLD. Ares Financial Consulting LLC acquired a new stake in Prologis in the 4th quarter valued at about $26,000. High Point Wealth Management LLC purchased a new position in shares of Prologis in the 4th quarter valued at about $26,000. Eagle Bay Advisors LLC acquired a new position in shares of Prologis during the fourth quarter worth about $27,000. SouthState Bank Corp grew its position in shares of Prologis by 73.1% during the fourth quarter. SouthState Bank Corp now owns 225 shares of the real estate investment trust’s stock worth $29,000 after buying an additional 95 shares in the last quarter. Finally, Hilton Head Capital Partners LLC acquired a new position in shares of Prologis during the fourth quarter worth about $29,000. 93.50% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Prologis

In other news, CFO Timothy D. Arndt sold 3,597 shares of the business’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $150.00, for a total transaction of $539,550.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.52% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on PLD. DA Davidson raised their target price on shares of Prologis from $140.00 to $160.00 and gave the company a “buy” rating in a report on Tuesday, April 21st. Scotiabank cut shares of Prologis from a “sector outperform” rating to a “sector perform” rating and lowered their price target for the stock from $154.00 to $146.00 in a report on Thursday. BNP Paribas Exane increased their price objective on shares of Prologis from $140.00 to $150.00 and gave the company an “outperform” rating in a research report on Friday, April 17th. Argus raised their price objective on shares of Prologis from $135.00 to $152.00 and gave the company a “buy” rating in a report on Friday, April 17th. Finally, UBS Group raised their price objective on shares of Prologis from $148.00 to $161.00 and gave the company a “buy” rating in a report on Friday, April 17th. Fifteen investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $151.48.

Prologis Trading Up 0.1%

PLD opened at $140.63 on Friday. Prologis, Inc. has a one year low of $103.41 and a one year high of $150.18. The company has a market cap of $131.11 billion, a P/E ratio of 35.42, a PEG ratio of 3.09 and a beta of 1.32. 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 business’s 50-day simple moving average is $142.91 and its 200-day simple moving average is $136.05.

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, topping the consensus estimate of $0.81 by $0.24. The firm had revenue of $2.30 billion during the quarter, compared to analysts’ expectations of $2.12 billion. Prologis had a return on equity of 6.47% and a net margin of 41.54%.The firm’s revenue was up 6.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.43 earnings per share. Prologis has set its FY 2026 guidance at 6.070-6.230 EPS. As a group, equities research analysts expect that Prologis, Inc. will post 6.18 EPS for the current fiscal year.

Prologis Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 16th will be issued a dividend of $1.07 per share. The ex-dividend date of this dividend is Tuesday, June 16th. This represents a $4.28 dividend on an annualized basis and a yield of 3.0%. 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.