Kingdom Financial Group LLC. Invests $691,000 in Prologis, Inc. $PLD

Kingdom Financial Group LLC. acquired a new position in Prologis, Inc. (NYSE:PLD) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 5,410 shares of the real estate investment trust’s stock, valued at approximately $691,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Ares Financial Consulting LLC acquired a new stake in shares of Prologis in the fourth quarter worth $26,000. High Point Wealth Management LLC bought a new position in Prologis in the fourth quarter worth $26,000. Eagle Bay Advisors LLC bought a new position in Prologis in the fourth quarter worth $27,000. High Note Wealth LLC lifted its position in Prologis by 43.9% in the fourth quarter. High Note Wealth LLC now owns 249 shares of the real estate investment trust’s stock worth $32,000 after purchasing an additional 76 shares during the period. Finally, True Wealth Design LLC lifted its position in Prologis by 87.1% in the fourth quarter. True Wealth Design LLC now owns 262 shares of the real estate investment trust’s stock worth $33,000 after purchasing an additional 122 shares during the period. Institutional investors and hedge funds own 93.50% of the company’s stock.

Prologis Stock Down 0.1%

Shares of NYSE:PLD opened at $144.60 on Friday. Prologis, Inc. has a 52 week low of $103.02 and a 52 week high of $145.44. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.51 and a current ratio of 0.51. The company’s fifty day moving average is $137.62 and its 200-day moving average is $133.27. The company has a market capitalization of $134.82 billion, a PE ratio of 36.42, a P/E/G ratio of 3.19 and a beta of 1.33.

Prologis (NYSE:PLD) last issued its earnings results on Thursday, April 16th. The real estate investment trust reported $1.05 EPS for the quarter, beating 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 for the quarter, compared to the consensus estimate of $2.12 billion. During the same quarter in the previous year, the company earned $1.43 EPS. The firm’s revenue for the quarter 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 predict that Prologis, Inc. will post 6.17 earnings per share for the current fiscal year.

Prologis Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 16th will be paid a $1.07 dividend. 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 currently 107.81%.

Analyst Upgrades and Downgrades

PLD has been the subject of several research reports. Wall Street Zen raised Prologis from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. BTIG Research reaffirmed a “buy” rating and issued a $155.00 target price on shares of Prologis in a research report on Wednesday, April 15th. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $157.00 target price on shares of Prologis in a research report on Friday, April 17th. Weiss Ratings raised Prologis from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, May 1st. Finally, BNP Paribas Exane raised their target price on Prologis from $140.00 to $150.00 and gave the stock an “outperform” rating in a research report on Friday, April 17th. Sixteen investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus 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.