Prologis, Inc. $PLD Shares Acquired by MAI Capital Management

MAI Capital Management lifted its stake in shares of Prologis, Inc. (NYSE:PLD) by 15.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27,958 shares of the real estate investment trust’s stock after purchasing an additional 3,765 shares during the quarter. MAI Capital Management’s holdings in Prologis were worth $3,202,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of PLD. Brighton Jones LLC lifted its stake in shares of Prologis by 629.0% in the 4th quarter. Brighton Jones LLC now owns 17,475 shares of the real estate investment trust’s stock worth $1,847,000 after acquiring an additional 15,078 shares during the period. Schnieders Capital Management LLC. raised its holdings in Prologis by 45.4% during the second quarter. Schnieders Capital Management LLC. now owns 10,728 shares of the real estate investment trust’s stock worth $1,128,000 after purchasing an additional 3,350 shares in the last quarter. Daymark Wealth Partners LLC raised its holdings in Prologis by 29.1% during the second quarter. Daymark Wealth Partners LLC now owns 2,508 shares of the real estate investment trust’s stock worth $264,000 after purchasing an additional 566 shares in the last quarter. World Investment Advisors lifted its position in Prologis by 29.0% in the second quarter. World Investment Advisors now owns 16,753 shares of the real estate investment trust’s stock valued at $1,761,000 after purchasing an additional 3,765 shares during the period. Finally, Assetmark Inc. boosted its holdings in Prologis by 6.9% in the 2nd quarter. Assetmark Inc. now owns 72,133 shares of the real estate investment trust’s stock valued at $7,583,000 after purchasing an additional 4,664 shares in the last quarter. 93.50% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Prologis news, Director Cristina Gabriela Bita sold 621 shares of the company’s stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $127.60, for a total value of $79,239.60. Following the sale, the director owned 8,208 shares of the company’s stock, valued at $1,047,340.80. This represents a 7.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.57% of the stock is owned by company insiders.

Prologis Stock Performance

Shares of PLD stock opened at $142.44 on Friday. The stock has a fifty day moving average price of $132.89 and a 200 day moving average price of $124.20. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.58 and a current ratio of 0.58. The stock has a market cap of $132.41 billion, a PE ratio of 40.12, a P/E/G ratio of 3.53 and a beta of 1.42. Prologis, Inc. has a 1 year low of $85.35 and a 1 year high of $143.95.

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

Prologis Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 17th will be given a dividend of $1.07 per share. The ex-dividend date is Tuesday, March 17th. This is an increase from Prologis’s previous quarterly dividend of $1.01. This represents a $4.28 dividend on an annualized basis and a yield of 3.0%. Prologis’s dividend payout ratio (DPR) is presently 113.80%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Robert W. Baird reissued a “neutral” rating and set a $130.00 target price (up from $128.00) on shares of Prologis in a research note on Thursday, January 8th. Scotiabank upgraded Prologis from a “sector perform” rating to a “sector outperform” rating and lifted their price target for the company from $133.00 to $146.00 in a research note on Wednesday, January 14th. The Goldman Sachs Group increased their price objective on Prologis from $137.00 to $148.00 and gave the stock a “neutral” rating in a research report on Monday, February 9th. Citigroup reissued a “buy” rating on shares of Prologis in a report on Monday, January 26th. Finally, Wall Street Zen lowered shares of Prologis from a “hold” rating to a “sell” rating in a research report on Saturday, February 7th. Fourteen analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $136.95.

Prologis 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.