Ranch Capital Advisors Inc. Acquires New Shares in Prologis, Inc. $PLD

Ranch Capital Advisors Inc. acquired a new position in shares of Prologis, Inc. (NYSE:PLD) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 12,978 shares of the real estate investment trust’s stock, valued at approximately $1,657,000.

A number of other institutional investors also recently bought and sold shares of PLD. Ares Financial Consulting LLC acquired a new position in shares of Prologis during the 4th quarter worth $26,000. High Point Wealth Management LLC acquired a new stake in Prologis in the 4th quarter valued at about $26,000. Eagle Bay Advisors LLC purchased a new position in Prologis during the 4th quarter valued at about $27,000. True Wealth Design LLC increased its holdings in Prologis by 87.1% during the 4th quarter. True Wealth Design LLC now owns 262 shares of the real estate investment trust’s stock valued at $33,000 after acquiring an additional 122 shares in the last quarter. Finally, FNY Investment Advisers LLC acquired a new position in Prologis during the fourth quarter worth about $38,000. 93.50% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have issued reports on PLD shares. Weiss Ratings raised shares of Prologis from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, May 1st. UBS Group lifted their price objective on Prologis from $148.00 to $161.00 and gave the stock a “buy” rating in a research report on Friday, April 17th. Freedom Capital lowered Prologis from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 23rd. Wall Street Zen upgraded Prologis from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Finally, Mizuho raised 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. Sixteen 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 currently has an average rating of “Moderate Buy” and an average price target of $149.76.

Prologis Trading Down 1.5%

NYSE PLD opened at $140.50 on Friday. Prologis, Inc. has a 12 month low of $103.02 and a 12 month high of $145.44. The company has a 50-day moving average of $137.01 and a 200-day moving average of $132.69. 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 company has a market cap of $130.99 billion, a P/E ratio of 35.39, a P/E/G ratio of 3.10 and a beta of 1.33.

Prologis (NYSE:PLD) last released its earnings results on Thursday, April 16th. The real estate investment trust reported $1.05 earnings per share (EPS) 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 business had revenue of $2.30 billion for the quarter, compared to analysts’ expectations of $2.12 billion. During the same period last year, the company earned $1.43 earnings per share. The company’s quarterly revenue was up 6.9% on a year-over-year basis. Prologis has set its FY 2026 guidance at 6.070-6.230 EPS. As a group, equities analysts predict that Prologis, Inc. will post 6.17 earnings per share for the current year.

Prologis Dividend Announcement

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

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.