Stronghold Wealth Management L.L.C. Buys New Stake in Prologis, Inc. $PLD

Stronghold Wealth Management L.L.C. purchased a new position in shares of Prologis, Inc. (NYSE:PLD) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,745 shares of the real estate investment trust’s stock, valued at approximately $606,000. Prologis makes up about 0.9% of Stronghold Wealth Management L.L.C.’s holdings, making the stock its 27th largest holding.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in PLD. Swedbank AB raised its position in shares of Prologis by 36.2% in the fourth quarter. Swedbank AB now owns 7,664,583 shares of the real estate investment trust’s stock worth $978,461,000 after acquiring an additional 2,038,329 shares during the period. Bessemer Group Inc. boosted its stake in shares of Prologis by 8,000.9% during the 4th quarter. Bessemer Group Inc. now owns 1,595,963 shares of the real estate investment trust’s stock worth $203,741,000 after acquiring an additional 1,576,262 shares in the last quarter. Vanguard Group Inc. grew its position in shares of Prologis by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 123,323,290 shares of the real estate investment trust’s stock valued at $15,743,451,000 after acquiring an additional 1,258,407 shares during the period. Amundi grew its position in shares of Prologis by 22.0% during the 3rd quarter. Amundi now owns 5,651,563 shares of the real estate investment trust’s stock valued at $661,968,000 after acquiring an additional 1,020,819 shares during the period. Finally, Federated Hermes Inc. increased its stake in shares of Prologis by 30.3% in 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 in the last quarter. Institutional investors and hedge funds own 93.50% of the company’s stock.

Prologis Trading Down 0.0%

Shares of Prologis stock opened at $140.50 on Monday. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.60. Prologis, Inc. has a twelve month low of $103.02 and a twelve month high of $145.44. The firm has a market capitalization of $130.99 billion, a PE ratio of 35.39, a P/E/G ratio of 3.10 and a beta of 1.33. The firm’s 50-day moving average price is $137.01 and its 200 day moving average price is $132.73.

Prologis (NYSE:PLD) last posted its quarterly earnings data on Thursday, April 16th. The real estate investment trust reported $1.05 EPS for the quarter, topping the consensus estimate of $0.81 by $0.24. Prologis had a return on equity of 6.47% and a net margin of 41.54%.The company had revenue of $2.30 billion during the quarter, compared to analyst estimates of $2.12 billion. During the same period in the previous year, the business earned $1.43 EPS. Prologis’s quarterly revenue was up 6.9% on a year-over-year basis. Prologis has set its FY 2026 guidance at 6.070-6.230 EPS. On average, sell-side analysts predict that Prologis, Inc. will post 6.17 EPS for the current fiscal year.

Prologis Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 16th will be given a dividend of $1.07 per share. This represents a $4.28 annualized dividend and a dividend yield of 3.0%. The ex-dividend date is Tuesday, June 16th. Prologis’s payout ratio is presently 107.81%.

Wall Street Analyst Weigh In

PLD has been the subject of a number of analyst reports. Weiss Ratings raised Prologis from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, May 1st. Bank of America raised their price objective on Prologis from $153.00 to $162.00 and gave the company a “buy” rating in a report on Monday, April 20th. Argus upped their target price on Prologis from $135.00 to $152.00 and gave the stock a “buy” rating in a research note on Friday, April 17th. The Goldman Sachs Group reiterated a “neutral” rating and set a $157.00 target price on shares of Prologis in a research report on Friday, April 17th. Finally, Wall Street Zen raised shares of Prologis from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Sixteen analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Prologis has a consensus rating of “Moderate Buy” and an average target price of $149.76.

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.