111,872 Shares in Prologis, Inc. $PLD Acquired by Westwind Capital

Westwind Capital acquired a new position in shares of Prologis, Inc. (NYSE:PLD) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 111,872 shares of the real estate investment trust’s stock, valued at approximately $14,282,000. Prologis makes up 2.9% of Westwind Capital’s holdings, making the stock its 14th biggest holding.

A number of other hedge funds have also recently bought and sold shares of the company. Norges Bank bought a new stake in shares of Prologis during the second quarter worth $1,288,936,000. State Street Corp increased its position in Prologis by 1.9% in the second quarter. State Street Corp now owns 58,640,842 shares of the real estate investment trust’s stock worth $6,164,325,000 after purchasing an additional 1,088,544 shares during the period. Amundi raised its holdings in Prologis by 22.0% during the 3rd quarter. Amundi now owns 5,651,563 shares of the real estate investment trust’s stock worth $661,968,000 after purchasing an additional 1,020,819 shares during the last quarter. Federated Hermes Inc. lifted its position in Prologis by 30.3% during the 3rd quarter. Federated Hermes Inc. now owns 4,256,236 shares of the real estate investment trust’s stock valued at $487,424,000 after purchasing an additional 988,986 shares during the period. Finally, Mondrian Investment Partners LTD bought a new position in shares of Prologis in the 3rd quarter valued at about $112,141,000. 93.50% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

PLD has been the subject of a number of recent research reports. Robert W. Baird reissued a “neutral” rating and set a $130.00 price target (up from $128.00) on shares of Prologis in a research note on Thursday, January 8th. BTIG Research upped their target price on shares of Prologis from $134.00 to $155.00 and gave the company a “buy” rating in a research report on Wednesday, December 31st. Royal Bank Of Canada raised their price target on Prologis from $132.00 to $135.00 and gave the stock a “sector perform” rating in a research report on Monday, February 2nd. Freedom Capital lowered Prologis from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 23rd. Finally, Mizuho upped their price target on Prologis from $138.00 to $143.00 and gave the company an “outperform” rating in a research note on Monday, January 26th. Fourteen analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $137.20.

Prologis Stock Up 1.8%

Shares of Prologis stock opened at $130.30 on Tuesday. Prologis, Inc. has a 1 year low of $85.35 and a 1 year high of $143.95. 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 company has a market capitalization of $121.12 billion, a P/E ratio of 36.70, a price-to-earnings-growth ratio of 3.02 and a beta of 1.41. The business has a 50-day moving average of $134.83 and a two-hundred day moving average of $127.15.

Prologis (NYSE:PLD) last announced 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. Prologis had a net margin of 37.86% and a return on equity of 5.79%. The firm had revenue of $2.25 billion for the quarter, compared to analyst estimates of $2.09 billion. During the same quarter in the previous year, the firm posted $1.42 earnings per share. The business’s revenue was up 7.8% on a year-over-year basis. Prologis has set its FY 2026 guidance at 6.000-6.200 EPS. As a group, equities analysts predict that Prologis, Inc. will post 5.73 EPS for the current year.

Prologis Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 17th will be given a dividend of $1.07 per share. This is an increase from Prologis’s previous quarterly dividend of $1.01. This represents a $4.28 annualized dividend and a dividend yield of 3.3%. The ex-dividend date of this dividend is Tuesday, March 17th. Prologis’s payout ratio is currently 120.56%.

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.