Private Advisor Group LLC Has $6.68 Million Stock Position in Prologis, Inc. $PLD

Private Advisor Group LLC boosted its holdings in Prologis, Inc. (NYSE:PLD) by 8.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 50,564 shares of the real estate investment trust’s stock after buying an additional 3,742 shares during the period. Private Advisor Group LLC’s holdings in Prologis were worth $6,684,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. High Note Wealth LLC grew its stake in shares of 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 last quarter. Dakota Community Bank & Trust NA raised its stake in Prologis by 3.4% during the 4th quarter. Dakota Community Bank & Trust NA now owns 2,398 shares of the real estate investment trust’s stock valued at $306,000 after purchasing an additional 79 shares during the last quarter. Dearborn Partners LLC boosted its holdings in Prologis by 4.2% in the 4th quarter. Dearborn Partners LLC now owns 1,969 shares of the real estate investment trust’s stock valued at $251,000 after purchasing an additional 79 shares during the period. Peddock Capital Advisors LLC boosted its holdings in Prologis by 3.1% in the 4th quarter. Peddock Capital Advisors LLC now owns 2,651 shares of the real estate investment trust’s stock valued at $338,000 after purchasing an additional 80 shares during the period. Finally, Hilton Head Capital Partners LLC grew its position in Prologis by 37.3% in the 1st quarter. Hilton Head Capital Partners LLC now owns 309 shares of the real estate investment trust’s stock worth $41,000 after purchasing an additional 84 shares during the last quarter. 93.50% of the stock is currently owned by institutional investors and hedge funds.

Prologis Price Performance

Shares of Prologis stock traded up $1.90 during midday trading on Tuesday, hitting $142.09. 195,174 shares of the company were exchanged, compared to its average volume of 3,571,165. The firm has a 50 day simple moving average of $142.78 and a 200-day simple moving average of $136.88. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.51 and a quick ratio of 0.51. The firm has a market cap of $132.48 billion, a P/E ratio of 35.80 and a beta of 1.32. Prologis, Inc. has a 52 week low of $103.41 and a 52 week high of $150.18.

Prologis (NYSE:PLD) last announced its quarterly earnings results on Thursday, April 16th. The real estate investment trust reported $1.05 earnings per share for the quarter, beating analysts’ consensus estimates of $0.81 by $0.24. Prologis had a return on equity of 6.47% and a net margin of 41.54%.The firm had revenue of $2.30 billion for the quarter, compared to analysts’ expectations of $2.12 billion. During the same period in the prior year, the business posted $1.43 earnings per share. The business’s revenue was up 6.9% compared to the same quarter last year. Prologis has set its FY 2026 guidance at 6.070-6.230 EPS. Research analysts forecast that Prologis, Inc. will post 6.17 earnings per share for the current year.

Prologis Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 16th were issued a $1.07 dividend. The ex-dividend date of this dividend was Tuesday, June 16th. This represents a $4.28 annualized dividend and a dividend yield of 3.0%. Prologis’s dividend payout ratio is presently 107.81%.

Insider Activity

In related news, CFO Timothy D. Arndt sold 3,597 shares of the stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $150.00, for a total transaction of $539,550.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.52% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research firms recently weighed in on PLD. Citigroup increased their target price on shares of Prologis from $145.00 to $165.00 and gave the company a “buy” rating in a research note on Tuesday, April 21st. Scotiabank cut Prologis from a “sector outperform” rating to a “sector perform” rating and cut their price target for the company from $154.00 to $146.00 in a report on Thursday, June 18th. Wells Fargo & Company raised their price objective on Prologis from $155.00 to $167.00 and gave the stock an “overweight” rating in a research report on Monday, June 1st. Weiss Ratings upgraded Prologis from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, May 1st. Finally, DA Davidson upped their target price on Prologis from $140.00 to $160.00 and gave the company a “buy” rating in a research note on Tuesday, April 21st. Fifteen research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $152.00.

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.