King Luther Capital Management Corp Buys 6,519 Shares of Prologis, Inc. $PLD

King Luther Capital Management Corp boosted its position in Prologis, Inc. (NYSE:PLD) by 21.9% during the 4th quarter, HoldingsChannel reports. The firm owned 36,309 shares of the real estate investment trust’s stock after purchasing an additional 6,519 shares during the period. King Luther Capital Management Corp’s holdings in Prologis were worth $4,635,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. Ares Financial Consulting LLC bought a new position in Prologis in the fourth quarter worth approximately $26,000. High Point Wealth Management LLC bought a new position in Prologis in the fourth quarter worth approximately $26,000. Eagle Bay Advisors LLC bought a new position in Prologis in the fourth quarter worth approximately $27,000. High Note Wealth LLC raised 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 acquiring an additional 76 shares during the period. Finally, True Wealth Design LLC raised 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 acquiring an additional 122 shares during the period. 93.50% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have commented on PLD shares. UBS Group upped their price target on Prologis from $148.00 to $161.00 and gave the stock a “buy” rating in a research report on Friday, April 17th. Scotiabank lifted their price objective on shares of Prologis from $146.00 to $154.00 and gave the company an “outperform” rating in a research report on Tuesday, April 21st. Citigroup lifted their price objective on shares of Prologis from $145.00 to $165.00 and gave the company a “buy” rating in a research report on Tuesday, April 21st. Jefferies Financial Group reduced their price objective on shares of Prologis from $157.00 to $155.00 and set a “buy” rating on the stock in a research report on Tuesday, April 14th. Finally, Wall Street Zen upgraded Prologis from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Sixteen analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $150.52.

Prologis Stock Down 0.5%

Shares of NYSE PLD opened at $145.86 on Friday. The firm’s 50-day moving average price is $138.94 and its 200-day moving average price is $134.04. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.60. The stock has a market capitalization of $135.99 billion, a price-to-earnings ratio of 36.74, a P/E/G ratio of 3.22 and a beta of 1.33. Prologis, Inc. has a 12-month low of $103.41 and a 12-month high of $147.93.

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

Prologis Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 16th will be paid a dividend of $1.07 per share. The ex-dividend date of this dividend is Tuesday, June 16th. This represents a $4.28 dividend on an annualized basis and a dividend yield of 2.9%. Prologis’s payout ratio is currently 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.