SG Americas Securities LLC Grows Stock Holdings in Prologis, Inc. $PLD

SG Americas Securities LLC lifted its holdings in Prologis, Inc. (NYSE:PLD) by 8,809.2% in the 4th quarter, Holdings Channel.com reports. The fund owned 589,520 shares of the real estate investment trust’s stock after buying an additional 582,903 shares during the quarter. SG Americas Securities LLC’s holdings in Prologis were worth $75,258,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in PLD. Clayton Financial Group LLC acquired a new position in shares of Prologis during the 3rd quarter valued at $26,000. True Wealth Design LLC increased its holdings in Prologis by 87.1% in the 4th quarter. True Wealth Design LLC now owns 262 shares of the real estate investment trust’s stock valued at $33,000 after purchasing an additional 122 shares in the last quarter. Silver Oak Securities Incorporated purchased a new position in Prologis in the third quarter valued at about $36,000. Rossby Financial LCC raised its position in 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. Finally, AlphaQuest LLC purchased a new position in Prologis in the third quarter valued at about $39,000. Hedge funds and other institutional investors own 93.50% of the company’s stock.

Prologis Stock Down 0.1%

Shares of Prologis stock opened at $130.23 on Wednesday. The business has a 50-day moving average of $134.84 and a 200-day moving average of $127.27. 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 $121.41 billion, a PE ratio of 36.69, a P/E/G ratio of 3.07 and a beta of 1.41. Prologis, Inc. has a 1-year low of $85.35 and a 1-year high of $143.95.

Prologis (NYSE:PLD) last released its quarterly earnings results on Wednesday, January 21st. The real estate investment trust reported $1.44 EPS for the quarter, hitting the consensus estimate of $1.44. The business had revenue of $2.25 billion for the quarter, compared to analysts’ expectations of $2.09 billion. Prologis had a return on equity of 5.79% and a net margin of 37.86%.The company’s revenue was up 7.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.42 earnings per share. Prologis has set its FY 2026 guidance at 6.000-6.200 EPS. As a group, equities analysts forecast that Prologis, Inc. will post 5.73 EPS for the current fiscal year.

Prologis Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 17th will be issued a dividend of $1.07 per share. The ex-dividend date is Tuesday, March 17th. This represents a $4.28 annualized dividend and a yield of 3.3%. This is a boost from Prologis’s previous quarterly dividend of $1.01. Prologis’s dividend payout ratio (DPR) is presently 120.56%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on PLD shares. Citigroup initiated coverage on Prologis in a research report on Thursday, March 5th. They issued a “buy” rating and a $145.00 target price for the company. Weiss Ratings reiterated a “buy (b-)” rating on shares of Prologis in a report on Monday, December 29th. Scotiabank raised Prologis from a “sector perform” rating to a “sector outperform” rating and boosted their price target for the stock from $133.00 to $146.00 in a research report on Wednesday, January 14th. The Goldman Sachs Group upped their price target on Prologis from $137.00 to $148.00 and gave the stock a “neutral” rating in a report on Monday, February 9th. Finally, BNP Paribas Exane increased their price objective on shares of Prologis from $129.00 to $140.00 and gave the company an “outperform” rating in a research report 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, Prologis has a consensus rating of “Moderate Buy” and a consensus 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.