Havemeyer Place LP Takes $2.23 Million Position in Prologis, Inc. $PLD

Havemeyer Place LP acquired a new stake in Prologis, Inc. (NYSE:PLD) during the fourth quarter, Holdings Channel reports. The institutional investor acquired 17,459 shares of the real estate investment trust’s stock, valued at approximately $2,229,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. High Note Wealth LLC grew its holdings in Prologis by 43.9% during the fourth quarter. High Note Wealth LLC now owns 249 shares of the real estate investment trust’s stock worth $32,000 after acquiring an additional 76 shares during the period. Dakota Community Bank & Trust NA grew its holdings in Prologis by 3.4% in the fourth quarter. Dakota Community Bank & Trust NA now owns 2,398 shares of the real estate investment trust’s stock valued at $306,000 after purchasing an additional 79 shares during the period. Peddock Capital Advisors LLC grew its holdings in Prologis by 3.1% in the fourth quarter. Peddock Capital Advisors LLC now owns 2,651 shares of the real estate investment trust’s stock valued at $338,000 after purchasing an additional 80 shares during the period. Foster Dykema Cabot & Partners LLC grew its holdings in Prologis by 1.0% in the third quarter. Foster Dykema Cabot & Partners LLC now owns 8,232 shares of the real estate investment trust’s stock valued at $943,000 after purchasing an additional 83 shares during the period. Finally, Cornerstone Advisory LLC grew its holdings in Prologis by 2.4% in the third quarter. Cornerstone Advisory LLC now owns 3,535 shares of the real estate investment trust’s stock valued at $405,000 after purchasing an additional 84 shares during the period. 93.50% of the stock is owned by institutional investors and hedge funds.

Prologis Stock Up 0.6%

Shares of PLD opened at $144.69 on Friday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.51 and a current ratio of 0.51. Prologis, Inc. has a one year low of $103.41 and a one year high of $147.93. The stock has a market capitalization of $134.90 billion, a price-to-earnings ratio of 36.45, a PEG ratio of 3.18 and a beta of 1.32. The stock has a 50 day moving average price of $140.40 and a 200 day moving average price of $134.72.

Prologis (NYSE:PLD) last announced its quarterly earnings data on Thursday, April 16th. The real estate investment trust reported $1.05 EPS for the quarter, topping analysts’ consensus estimates of $0.81 by $0.24. Prologis had a return on equity of 6.47% and a net margin of 41.54%.The firm had revenue of $2.30 billion for the quarter, compared to the consensus estimate of $2.12 billion. During the same quarter last year, the business posted $1.43 earnings per share. The firm’s revenue was up 6.9% compared to the same quarter last year. Prologis has set its FY 2026 guidance at 6.070-6.230 EPS. Equities research analysts forecast that Prologis, Inc. will post 6.18 earnings per share for the current fiscal year.

Prologis Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 16th will be given a $1.07 dividend. The ex-dividend date is Tuesday, June 16th. This represents a $4.28 dividend on an annualized basis and a yield of 3.0%. Prologis’s payout ratio is currently 107.81%.

Analysts Set New Price Targets

PLD has been the topic of several research analyst reports. BNP Paribas Exane raised their price objective on Prologis from $140.00 to $150.00 and gave the company an “outperform” rating in a report on Friday, April 17th. Truist Financial boosted their price target on Prologis from $139.00 to $154.00 and gave the stock a “buy” rating in a research report on Friday, April 24th. Argus boosted their price target on Prologis from $135.00 to $152.00 and gave the stock a “buy” rating in a research report on Friday, April 17th. Jefferies Financial Group dropped their price target on Prologis from $157.00 to $155.00 and set a “buy” rating for the company in a research report on Tuesday, April 14th. Finally, Citigroup boosted their price target on Prologis from $145.00 to $165.00 and gave the stock a “buy” rating in a research report on Tuesday, April 21st. Sixteen investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $151.86.

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.