Greenland Capital Management LP Makes New $8.65 Million Investment in Prologis, Inc. $PLD

Greenland Capital Management LP bought a new stake in shares of Prologis, Inc. (NYSE:PLDFree Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 75,497 shares of the real estate investment trust’s stock, valued at approximately $8,646,000. Prologis comprises 0.9% of Greenland Capital Management LP’s investment portfolio, making the stock its 23rd largest position.

Other large investors have also modified their holdings of the company. Palumbo Wealth Management LLC grew its holdings in shares of Prologis by 14.3% during the third 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 in the last quarter. Mufg Securities Americas Inc. grew its stake in Prologis by 21.7% in 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 last quarter. Compound Planning Inc. grew its stake in shares of Prologis by 42.9% in the third quarter. Compound Planning Inc. now owns 7,395 shares of the real estate investment trust’s stock worth $847,000 after acquiring an additional 2,220 shares during the last quarter. EverSource Wealth Advisors LLC lifted its stake 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 valued at $585,000 after buying an additional 1,550 shares during the period. Finally, Cary Street Partners Investment Advisory LLC lifted its position in Prologis by 26.0% in the third quarter. Cary Street Partners Investment Advisory LLC now owns 2,725 shares of the real estate investment trust’s stock worth $312,000 after purchasing an additional 563 shares during the period. 93.50% of the stock is owned by institutional investors.

Insider Activity

In other Prologis news, Director Cristina Gabriela Bita sold 621 shares of the company’s stock in a transaction on Monday, December 1st. The stock was sold at an average price of $127.60, for a total value of $79,239.60. Following the completion of the transaction, the director owned 8,208 shares in the company, valued at $1,047,340.80. This represents a 7.03% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.57% of the stock is currently owned by corporate insiders.

Prologis Price Performance

Prologis stock opened at $140.76 on Tuesday. The stock has a market capitalization of $130.85 billion, a price-to-earnings ratio of 39.65, a PEG ratio of 3.50 and a beta of 1.42. The stock’s 50 day moving average price is $131.79 and its two-hundred day moving average price is $123.44. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.58 and a current ratio of 0.58. Prologis, Inc. has a 52-week low of $85.35 and a 52-week high of $142.40.

Prologis (NYSE:PLDGet Free Report) last announced its quarterly earnings results on Wednesday, January 21st. The real estate investment trust reported $1.44 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.44. Prologis had a return on equity of 5.79% and a net margin of 37.86%.The business had revenue of $2.25 billion for the quarter, compared to analyst estimates of $2.09 billion. During the same quarter in the prior year, the company earned $1.42 earnings per share. The company’s quarterly revenue was up 7.8% on a year-over-year basis. Prologis has set its FY 2026 guidance at 6.000-6.200 EPS. On average, equities analysts predict that Prologis, Inc. will post 5.73 earnings per share for the current year.

Prologis Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 17th will be given a $1.07 dividend. This represents a $4.28 dividend on an annualized basis and a yield of 3.0%. 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. Prologis’s payout ratio is currently 113.80%.

Trending Headlines about Prologis

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Wall Street Analyst Weigh In

PLD has been the subject of several analyst reports. Wells Fargo & Company boosted their target price on Prologis from $120.00 to $139.00 and gave the stock an “overweight” rating in a research report on Monday, October 27th. Weiss Ratings reissued a “buy (b-)” rating on shares of Prologis in a research report on Monday, December 29th. Wall Street Zen cut shares of Prologis from a “hold” rating to a “sell” rating in a research note on Saturday, February 7th. Barclays reiterated an “overweight” rating and set a $139.00 target price on shares of Prologis in a research note on Tuesday, January 13th. Finally, 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. Fourteen analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $136.95.

Check Out Our Latest Report on PLD

Prologis Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Prologis (NYSE:PLD)

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