Raleigh Capital Management Inc. Raises Holdings in Prologis, Inc. $PLD

Raleigh Capital Management Inc. lifted its holdings in Prologis, Inc. (NYSE:PLD) by 32.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,193 shares of the real estate investment trust’s stock after buying an additional 4,960 shares during the quarter. Raleigh Capital Management Inc.’s holdings in Prologis were worth $2,312,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the business. Brighton Jones LLC grew its stake in shares of Prologis by 629.0% during the 4th quarter. Brighton Jones LLC now owns 17,475 shares of the real estate investment trust’s stock worth $1,847,000 after purchasing an additional 15,078 shares during the period. J. Safra Sarasin Holding AG grew its position in Prologis by 17.2% during the second quarter. J. Safra Sarasin Holding AG now owns 2,221 shares of the real estate investment trust’s stock worth $233,000 after buying an additional 326 shares during the period. OLD National Bancorp IN acquired a new position in Prologis during the second quarter worth about $300,000. Simplicity Wealth LLC increased its holdings in Prologis by 464.2% in the second quarter. Simplicity Wealth LLC now owns 11,464 shares of the real estate investment trust’s stock valued at $1,205,000 after buying an additional 9,432 shares in the last quarter. Finally, Beacon Financial Advisory LLC lifted its position in shares of Prologis by 37.2% during the 2nd quarter. Beacon Financial Advisory LLC now owns 4,241 shares of the real estate investment trust’s stock valued at $446,000 after acquiring an additional 1,149 shares during the period. Hedge funds and other institutional investors own 93.50% of the company’s stock.

Wall Street Analyst Weigh In

PLD has been the subject of several research reports. Argus lifted their price objective on Prologis from $128.00 to $135.00 and gave the stock a “buy” rating in a report on Thursday, January 22nd. The Goldman Sachs Group lifted their price target on Prologis from $133.00 to $137.00 and gave the stock a “neutral” rating in a research note on Monday, January 26th. Truist Financial lowered their price objective on shares of Prologis from $142.00 to $139.00 and set a “buy” rating on the stock in a research note on Monday, January 26th. Evercore ISI lifted their target price on shares of Prologis from $118.00 to $121.00 and gave the stock an “in-line” rating in a research report on Thursday, January 22nd. Finally, BNP Paribas Exane upped their price target on shares of Prologis from $129.00 to $140.00 and gave the company an “outperform” rating in a report on Wednesday, January 21st. Thirteen investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $135.32.

Prologis Stock Down 0.6%

Shares of NYSE:PLD opened at $129.76 on Tuesday. The company has a current ratio of 0.19, a quick ratio of 0.64 and a debt-to-equity ratio of 0.61. The firm has a market cap of $120.53 billion, a price-to-earnings ratio of 36.55, a PEG ratio of 3.23 and a beta of 1.40. The stock’s 50-day moving average price is $128.93 and its two-hundred day moving average price is $120.21. Prologis, Inc. has a 12-month low of $85.35 and a 12-month high of $134.94.

Prologis (NYSE:PLD) last announced its quarterly earnings data on Wednesday, January 21st. The real estate investment trust reported $1.44 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.44. Prologis had a net margin of 37.86% and a return on equity of 6.64%. The company had revenue of $2.25 billion during the quarter, compared to analysts’ expectations of $2.09 billion. During the same period in the previous year, the company earned $1.42 EPS. The business’s quarterly revenue was up 7.8% compared to the same quarter last year. Prologis has set its FY 2026 guidance at 6.000-6.200 EPS. On average, research analysts forecast that Prologis, Inc. will post 5.73 EPS for the current year.

Prologis Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 16th were given a $1.01 dividend. The ex-dividend date of this dividend was Tuesday, December 16th. This represents a $4.04 annualized dividend and a dividend yield of 3.1%. Prologis’s dividend payout ratio is presently 113.80%.

Insider Activity

In related news, Director Cristina Gabriela Bita sold 621 shares of the business’s stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $127.60, for a total transaction of $79,239.60. Following the transaction, the director directly owned 8,208 shares of the company’s stock, valued at approximately $1,047,340.80. The trade was a 7.03% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 0.57% of the company’s stock.

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.