Van ECK Associates Corp Increases Holdings in Prologis, Inc. $PLD

Van ECK Associates Corp boosted its stake in Prologis, Inc. (NYSE:PLD) by 9.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 539,465 shares of the real estate investment trust’s stock after purchasing an additional 44,346 shares during the period. Van ECK Associates Corp owned approximately 0.06% of Prologis worth $61,780,000 at the end of the most recent reporting period.

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

Prologis Trading Up 0.8%

Shares of NYSE PLD opened at $136.18 on Wednesday. The stock has a market capitalization of $126.59 billion, a P/E ratio of 38.36, a PEG ratio of 3.34 and a beta of 1.41. The stock’s 50 day moving average price is $134.23 and its two-hundred day moving average price is $125.92. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.61. Prologis, Inc. has a 52-week low of $85.35 and a 52-week high of $143.95.

Prologis (NYSE:PLD) last issued its quarterly earnings results 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 business 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 business’s quarterly revenue was up 7.8% on a year-over-year basis. During the same period in the previous year, the business earned $1.42 EPS. Prologis has set its FY 2026 guidance at 6.000-6.200 EPS. On average, analysts anticipate that Prologis, Inc. will post 5.73 earnings per share for the current fiscal year.

Prologis Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 17th will be paid 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 yield of 3.1%. Prologis’s payout ratio is presently 113.80%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. BMO Capital Markets restated a “market perform” rating and set a $123.00 target price on shares of Prologis in a research note on Thursday, January 22nd. Wall Street Zen downgraded Prologis from a “hold” rating to a “sell” rating in a report on Saturday, February 7th. UBS Group upped their target price on Prologis from $144.00 to $148.00 and gave the company a “buy” rating in a research report on Thursday, January 22nd. Weiss Ratings reiterated a “buy (b-)” rating on shares of Prologis in a research note on Monday, December 29th. Finally, BNP Paribas Exane lifted their price target on shares of Prologis from $129.00 to $140.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 21st. Fourteen investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus 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.