Land & Buildings Investment Management LLC Buys New Shares in Prologis, Inc. $PLD

Land & Buildings Investment Management LLC bought a new position in Prologis, Inc. (NYSE:PLD) in the third quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 209,960 shares of the real estate investment trust’s stock, valued at approximately $24,045,000. Prologis comprises 4.4% of Land & Buildings Investment Management LLC’s portfolio, making the stock its 12th largest position.

Several other large investors have also added to or reduced their stakes in the company. Clayton Financial Group LLC acquired a new position in Prologis in the 3rd quarter worth approximately $26,000. Silver Oak Securities Incorporated purchased a new position in Prologis during the 3rd quarter worth approximately $36,000. Rossby Financial LCC lifted its stake in Prologis by 69.6% during the 3rd quarter. Rossby Financial LCC now owns 329 shares of the real estate investment trust’s stock valued at $38,000 after acquiring an additional 135 shares during the period. AlphaQuest LLC acquired a new stake in Prologis during the 3rd quarter valued at approximately $39,000. Finally, Clear Investment Research LLC boosted its holdings in shares of Prologis by 34.5% in the 3rd quarter. Clear Investment Research LLC now owns 343 shares of the real estate investment trust’s stock valued at $39,000 after acquiring an additional 88 shares during the last quarter. Hedge funds and other institutional investors own 93.50% of the company’s stock.

Prologis Stock Performance

PLD opened at $134.03 on Tuesday. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.58 and a quick ratio of 0.58. The firm has a fifty day moving average price of $134.59 and a 200 day moving average price of $126.51. Prologis, Inc. has a 1 year low of $85.35 and a 1 year high of $143.95. The stock has a market cap of $124.59 billion, a P/E ratio of 37.75, a P/E/G ratio of 3.12 and a beta of 1.41.

Prologis (NYSE:PLD) last released its quarterly earnings data 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. Prologis had a net margin of 37.86% and a return on equity of 5.79%. The company had revenue of $2.25 billion during the quarter, compared to analysts’ expectations of $2.09 billion. During the same quarter in the previous year, the company earned $1.42 earnings per share. The firm’s revenue for the quarter was up 7.8% on a year-over-year basis. Prologis has set its FY 2026 guidance at 6.000-6.200 EPS. Equities research analysts anticipate that Prologis, Inc. will post 5.73 earnings per share for the current year.

Prologis Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders 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 dividend yield of 3.2%. This is a positive change from Prologis’s previous quarterly dividend of $1.01. The ex-dividend date is Tuesday, March 17th. Prologis’s dividend payout ratio (DPR) is currently 113.80%.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Barclays reiterated an “overweight” rating and issued a $139.00 price objective on shares of Prologis in a research note on Tuesday, January 13th. Royal Bank Of Canada upped their price target on shares of Prologis from $132.00 to $135.00 and gave the company a “sector perform” rating in a report on Monday, February 2nd. Freedom Capital downgraded Prologis from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 23rd. Evercore lifted their price objective on Prologis from $118.00 to $121.00 and gave the company an “in-line” rating in a research note on Thursday, January 22nd. Finally, Jefferies Financial Group boosted their price objective on Prologis from $146.00 to $157.00 and gave the company a “buy” rating in a report on Friday, February 20th. Fourteen analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $137.20.

Prologis Company 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.