Brevan Howard Capital Management LP Has $9.48 Million Stake in Prologis, Inc. $PLD

Brevan Howard Capital Management LP boosted its stake in shares of Prologis, Inc. (NYSE:PLD) by 45.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 82,804 shares of the real estate investment trust’s stock after acquiring an additional 25,957 shares during the quarter. Brevan Howard Capital Management LP’s holdings in Prologis were worth $9,483,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Clayton Financial Group LLC acquired a new stake in shares of Prologis in the 3rd quarter valued at $26,000. Silver Oak Securities Incorporated acquired a new stake in shares of Prologis during the 3rd quarter worth about $36,000. Rossby Financial LCC lifted its holdings in Prologis by 69.6% during the 3rd 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 last quarter. AlphaQuest LLC acquired a new position in Prologis in the third quarter valued at about $39,000. Finally, Clear Investment Research LLC boosted its position in Prologis by 34.5% in the third quarter. Clear Investment Research LLC now owns 343 shares of the real estate investment trust’s stock valued at $39,000 after buying an additional 88 shares in the last quarter. 93.50% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

PLD has been the subject of several recent analyst reports. Robert W. Baird reaffirmed a “neutral” rating and set a $130.00 price objective (up from $128.00) on shares of Prologis in a report on Thursday, January 8th. Mizuho boosted their target price on Prologis from $138.00 to $143.00 and gave the stock an “outperform” rating in a report on Monday, January 26th. Barclays restated an “overweight” rating and set a $139.00 price target on shares of Prologis in a research report on Tuesday, January 13th. Citigroup started coverage on Prologis in a report on Thursday, March 5th. They set a “buy” rating and a $145.00 price target for the company. Finally, Jefferies Financial Group boosted their price objective on Prologis from $146.00 to $157.00 and gave the stock a “buy” rating in a research note on Friday, February 20th. Fourteen equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, Prologis currently has an average rating of “Moderate Buy” and an average price target of $137.20.

Prologis Price Performance

PLD opened at $131.73 on Friday. 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 stock has a market capitalization of $122.45 billion, a P/E ratio of 37.11, a price-to-earnings-growth ratio of 3.12 and a beta of 1.41. The company’s 50 day simple moving average is $134.50 and its 200-day simple moving average is $126.26. Prologis, Inc. has a one year low of $85.35 and a one year high of $143.95.

Prologis (NYSE:PLD) last posted its quarterly earnings data on Wednesday, January 21st. The real estate investment trust reported $1.44 earnings per share for the quarter, hitting the consensus estimate 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 during the quarter, compared to analysts’ expectations of $2.09 billion. During the same quarter in the previous year, the company posted $1.42 EPS. Prologis’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. Sell-side analysts anticipate that Prologis, Inc. will post 5.73 earnings per share for the current fiscal year.

Prologis Increases Dividend

The company also recently announced 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. 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 dividend yield of 3.2%. Prologis’s dividend payout ratio is presently 120.56%.

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.