AGF Management Ltd. Acquires 6,155 Shares of Prologis, Inc. $PLD

AGF Management Ltd. raised its holdings in Prologis, Inc. (NYSE:PLD) by 14.7% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 48,052 shares of the real estate investment trust’s stock after buying an additional 6,155 shares during the quarter. AGF Management Ltd.’s holdings in Prologis were worth $5,503,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in PLD. Clayton Financial Group LLC purchased a new position in Prologis during the 3rd quarter valued at $26,000. Silver Oak Securities Incorporated bought a new stake in shares of Prologis during the 3rd quarter valued at about $36,000. AlphaQuest LLC bought a new stake in shares of Prologis during the 3rd quarter valued at about $39,000. SJS Investment Consulting Inc. purchased a new position in shares of Prologis during the third quarter valued at about $44,000. Finally, Twin Peaks Wealth Advisors LLC bought a new position in Prologis in the second quarter worth about $44,000. 93.50% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

PLD has been the topic of several research reports. Wells Fargo & Company lifted their price objective on Prologis from $120.00 to $139.00 and gave the company an “overweight” rating in a research report on Monday, October 27th. BTIG Research raised their target price on Prologis from $134.00 to $155.00 and gave the company a “buy” rating in a research note on Wednesday, December 31st. The Goldman Sachs Group upped 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. Mizuho increased their price objective on Prologis from $138.00 to $143.00 and gave the stock an “outperform” rating in a report on Monday, January 26th. Finally, Royal Bank Of Canada boosted their target price on shares of Prologis from $132.00 to $135.00 and gave the company a “sector perform” rating in a report on Monday. Thirteen investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $135.32.

Prologis Price Performance

PLD opened at $131.86 on Wednesday. The firm has a market cap of $122.48 billion, a PE ratio of 37.14, a P/E/G ratio of 3.21 and a beta of 1.42. The stock has a 50-day moving average price of $129.02 and a 200-day moving average price of $120.39. Prologis, Inc. has a 1 year low of $85.35 and a 1 year high of $134.94. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.19 and a quick ratio of 0.64.

Prologis (NYSE:PLD) last announced its quarterly earnings data on Wednesday, January 21st. The real estate investment trust reported $1.44 EPS for the quarter, meeting the consensus estimate of $1.44. The company had revenue of $2.25 billion for the quarter, compared to the consensus estimate of $2.09 billion. Prologis had a net margin of 37.86% and a return on equity of 5.78%. Prologis’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same period in the prior year, the firm posted $1.42 EPS. Prologis has set its FY 2026 guidance at 6.000-6.200 EPS. Sell-side analysts predict that Prologis, Inc. will post 5.73 earnings per share for the current fiscal year.

Prologis Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Tuesday, December 16th were issued a $1.01 dividend. This represents a $4.04 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date was Tuesday, December 16th. Prologis’s payout ratio is presently 113.80%.

Insider Transactions at Prologis

In related news, Director Cristina Gabriela Bita sold 621 shares of the company’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 value 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. This represents a 7.03% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.57% of the company’s stock.

Prologis Company 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.