Westerkirk Capital Inc. Acquires New Shares in Prologis, Inc. $PLD

Westerkirk Capital Inc. acquired a new stake in shares of Prologis, Inc. (NYSE:PLD) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 25,700 shares of the real estate investment trust’s stock, valued at approximately $3,281,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in PLD. Vanguard Group Inc. boosted its position in Prologis by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 123,323,290 shares of the real estate investment trust’s stock worth $15,743,451,000 after acquiring an additional 1,258,407 shares during the period. Geode Capital Management LLC boosted its position in Prologis by 1.5% during the 4th quarter. Geode Capital Management LLC now owns 23,012,940 shares of the real estate investment trust’s stock worth $2,925,791,000 after acquiring an additional 339,906 shares during the period. Capital Research Global Investors boosted its position in Prologis by 4.4% during the 4th quarter. Capital Research Global Investors now owns 16,061,390 shares of the real estate investment trust’s stock worth $2,050,397,000 after acquiring an additional 678,363 shares during the period. Norges Bank acquired a new position in Prologis during the 4th quarter worth $1,589,125,000. Finally, Legal & General Group Plc boosted its position in Prologis by 6.1% during the 4th quarter. Legal & General Group Plc now owns 11,443,741 shares of the real estate investment trust’s stock worth $1,460,908,000 after acquiring an additional 661,502 shares during the period. Institutional investors and hedge funds own 93.50% of the company’s stock.

Prologis Stock Down 1.2%

Shares of Prologis stock opened at $142.84 on Tuesday. The stock’s fifty day moving average is $140.66 and its 200-day moving average is $134.93. The firm has a market capitalization of $133.18 billion, a PE ratio of 35.98, a price-to-earnings-growth ratio of 3.18 and a beta of 1.32. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 0.60. Prologis, Inc. has a 12-month low of $103.41 and a 12-month high of $147.93.

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

Prologis Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 16th will be given 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 3.0%. Prologis’s payout ratio is 107.81%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on PLD shares. Morgan Stanley boosted their price target on Prologis from $135.00 to $151.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 26th. Argus boosted their price target on Prologis from $135.00 to $152.00 and gave the stock a “buy” rating in a research report on Friday, April 17th. Mizuho boosted their price target on Prologis from $143.00 to $150.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 22nd. Truist Financial boosted their price objective on Prologis from $139.00 to $154.00 and gave the stock a “buy” rating in a research note on Friday, April 24th. Finally, BNP Paribas Exane boosted their price objective on Prologis from $140.00 to $150.00 and gave the stock an “outperform” rating in a research note on Friday, April 17th. Sixteen research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, Prologis presently has a consensus rating of “Moderate Buy” and an average target price of $151.86.

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.