Independent Advisor Alliance Acquires 3,760 Shares of Prologis, Inc. $PLD

Independent Advisor Alliance increased its holdings in Prologis, Inc. (NYSE:PLD) by 30.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,934 shares of the real estate investment trust’s stock after purchasing an additional 3,760 shares during the period. Independent Advisor Alliance’s holdings in Prologis were worth $2,034,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of PLD. Swedbank AB boosted its holdings in 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 purchasing an additional 2,038,329 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Prologis by 1.0% during the fourth 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 boosted its holdings in Prologis by 22.0% during the third 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. Federated Hermes Inc. boosted its holdings in Prologis by 30.3% during the third quarter. Federated Hermes Inc. now owns 4,256,236 shares of the real estate investment trust’s stock valued at $487,424,000 after acquiring an additional 988,986 shares during the period. Finally, Mondrian Investment Partners LTD bought a new stake in Prologis during the third quarter valued at about $112,141,000. 93.50% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Citigroup upped their price target on shares of Prologis from $145.00 to $165.00 and gave the company a “buy” rating in a report on Tuesday, April 21st. Truist Financial upped their price target on shares of Prologis from $139.00 to $154.00 and gave the company a “buy” rating in a report on Friday, April 24th. Jefferies Financial Group decreased their price target on shares of Prologis from $157.00 to $155.00 and set a “buy” rating for the company in a report on Tuesday, April 14th. Evercore set a $135.00 price target on shares of Prologis in a report on Friday, April 17th. Finally, BMO Capital Markets upgraded shares of Prologis from a “market perform” rating to an “outperform” rating and upped their price target for the company from $137.00 to $162.00 in a report on Thursday, May 7th. Sixteen analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $149.76.

Prologis Stock Performance

NYSE PLD opened at $142.53 on Friday. The firm has a market cap of $132.89 billion, a price-to-earnings ratio of 35.90, a PEG ratio of 3.13 and a beta of 1.33. The company has a 50 day moving average of $136.99 and a 200-day moving average of $132.64. 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 1-year low of $103.02 and a 1-year high of $145.44.

Prologis (NYSE:PLD) last posted its quarterly earnings data on Thursday, April 16th. The real estate investment trust reported $1.05 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.24. Prologis had a net margin of 41.54% and a return on equity of 6.47%. The company had revenue of $2.30 billion during the quarter, compared to analyst estimates of $2.12 billion. During the same quarter last year, the business posted $1.43 earnings per share. The company’s 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, equities analysts forecast that Prologis, Inc. will post 6.17 earnings per share for the current fiscal year.

Prologis Announces Dividend

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

About Prologis

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.