Atria Investments Inc Raises Position in Prologis, Inc. $PLD

Atria Investments Inc increased its stake in Prologis, Inc. (NYSE:PLD) by 11.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 115,921 shares of the real estate investment trust’s stock after purchasing an additional 11,967 shares during the quarter. Atria Investments Inc’s holdings in Prologis were worth $13,275,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Varma Mutual Pension Insurance Co lifted its holdings in Prologis by 8.6% during the 3rd quarter. Varma Mutual Pension Insurance Co now owns 178,646 shares of the real estate investment trust’s stock worth $20,459,000 after purchasing an additional 14,200 shares in the last quarter. Caisse Des Depots ET Consignations increased its position in shares of Prologis by 38.1% during the third quarter. Caisse Des Depots ET Consignations now owns 12,714 shares of the real estate investment trust’s stock valued at $1,456,000 after buying an additional 3,505 shares during the period. Savvy Advisors Inc. lifted its holdings in shares of Prologis by 1.2% in the third quarter. Savvy Advisors Inc. now owns 20,665 shares of the real estate investment trust’s stock worth $2,367,000 after buying an additional 247 shares in the last quarter. Plan A Wealth LLC lifted its holdings in shares of Prologis by 16.5% in the third quarter. Plan A Wealth LLC now owns 2,968 shares of the real estate investment trust’s stock worth $340,000 after buying an additional 420 shares in the last quarter. Finally, Caprock Group LLC bought a new position in shares of Prologis in the third quarter valued at approximately $969,000. 93.50% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Truist Financial decreased their target price on shares of Prologis from $142.00 to $139.00 and set a “buy” rating on the stock in a report on Monday, January 26th. Evercore boosted their price target on shares of Prologis from $118.00 to $121.00 and gave the company an “in-line” rating in a research report on Thursday, January 22nd. Citigroup reaffirmed a “buy” rating on shares of Prologis in a report on Monday, January 26th. Argus lifted their price objective on Prologis from $128.00 to $135.00 and gave the company a “buy” rating in a research note on Thursday, January 22nd. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Prologis in a research report on Monday, December 29th. Thirteen equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $135.32.

Insiders Place Their Bets

In related news, Director Cristina Gabriela Bita sold 621 shares of the firm’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 in the company, valued at $1,047,340.80. This trade represents a 7.03% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.57% of the stock is owned by corporate insiders.

Prologis Stock Performance

NYSE PLD opened at $136.46 on Friday. Prologis, Inc. has a 52-week low of $85.35 and a 52-week high of $141.95. The company has a fifty day moving average of $130.25 and a 200-day moving average of $121.60. The company has a market capitalization of $126.76 billion, a P/E ratio of 38.44, a P/E/G ratio of 3.46 and a beta of 1.42. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.64 and a current ratio of 0.19.

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

Prologis Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Tuesday, December 16th were given a $1.01 dividend. This represents a $4.04 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date was Tuesday, December 16th. Prologis’s dividend payout ratio (DPR) is presently 113.80%.

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.