TD Asset Management Inc Acquires 4,264 Shares of Prologis, Inc. $PLD

TD Asset Management Inc increased its holdings in Prologis, Inc. (NYSE:PLD) by 1.2% in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 353,933 shares of the real estate investment trust’s stock after buying an additional 4,264 shares during the quarter. TD Asset Management Inc’s holdings in Prologis were worth $40,532,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Greenland Capital Management LP purchased a new position in shares of Prologis during the third quarter valued at approximately $8,646,000. Palumbo Wealth Management LLC raised its stake in Prologis by 14.3% during the 3rd quarter. Palumbo Wealth Management LLC now owns 2,260 shares of the real estate investment trust’s stock valued at $259,000 after buying an additional 283 shares during the last quarter. Mufg Securities Americas Inc. lifted its holdings in shares of Prologis by 21.7% during the 3rd quarter. Mufg Securities Americas Inc. now owns 25,026 shares of the real estate investment trust’s stock valued at $2,866,000 after buying an additional 4,461 shares during the period. Compound Planning Inc. boosted its stake in shares of Prologis by 42.9% in the 3rd quarter. Compound Planning Inc. now owns 7,395 shares of the real estate investment trust’s stock worth $847,000 after buying an additional 2,220 shares during the last quarter. Finally, EverSource Wealth Advisors LLC grew its holdings in shares of Prologis by 43.6% in the third quarter. EverSource Wealth Advisors LLC now owns 5,107 shares of the real estate investment trust’s stock worth $585,000 after acquiring an additional 1,550 shares during the period. Institutional investors own 93.50% of the company’s stock.

Insider Transactions at Prologis

In other Prologis news, Director Cristina Gabriela Bita sold 621 shares of Prologis stock in a transaction on Monday, December 1st. The shares were sold at an average price of $127.60, for a total value of $79,239.60. Following the sale, the director directly owned 8,208 shares in the company, valued at approximately $1,047,340.80. The trade was a 7.03% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.57% of the company’s stock.

Prologis Stock Performance

NYSE:PLD opened at $142.44 on Friday. The stock has a 50-day moving average price of $132.89 and a 200 day moving average price of $124.20. The stock has a market capitalization of $132.41 billion, a P/E ratio of 40.12, a P/E/G ratio of 3.53 and a beta of 1.42. Prologis, Inc. has a 12-month low of $85.35 and a 12-month high of $143.95. 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 EPS for the quarter, hitting analysts’ consensus estimates of $1.44. Prologis had a return on equity of 5.79% and a net margin of 37.86%.The company had revenue of $2.25 billion for the quarter, compared to analysts’ expectations of $2.09 billion. During the same period in the previous year, the firm earned $1.42 EPS. The firm’s revenue was up 7.8% compared to the same quarter last year. Prologis has set its FY 2026 guidance at 6.000-6.200 EPS. Equities research analysts forecast that Prologis, Inc. will post 5.73 EPS for the current fiscal year.

Prologis Increases Dividend

The business also recently announced 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. The ex-dividend date of this dividend is Tuesday, March 17th. 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 3.0%. Prologis’s dividend payout ratio is 113.80%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on PLD shares. UBS Group increased their target price on Prologis from $144.00 to $148.00 and gave the company a “buy” rating in a report on Thursday, January 22nd. Scotiabank raised shares of Prologis from a “sector perform” rating to a “sector outperform” rating and raised their price objective for the stock from $133.00 to $146.00 in a report on Wednesday, January 14th. Jefferies Financial Group boosted their target price on shares of Prologis from $146.00 to $157.00 and gave the company a “buy” rating in a research report on Friday, February 20th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Prologis in a research report on Monday, December 29th. Finally, The Goldman Sachs Group boosted their price objective on shares of Prologis from $137.00 to $148.00 and gave the company a “neutral” rating in a research report on Monday, February 9th. Fourteen research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $136.95.

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.