Advisors Asset Management Inc. Boosts Position in Prologis, Inc. $PLD

Advisors Asset Management Inc. increased its position in shares of Prologis, Inc. (NYSE:PLD) by 22.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 25,735 shares of the real estate investment trust’s stock after acquiring an additional 4,800 shares during the quarter. Advisors Asset Management Inc.’s holdings in Prologis were worth $2,947,000 as of its most recent filing with the Securities and Exchange Commission.

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

Prologis Stock Performance

NYSE PLD opened at $138.93 on Friday. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.19 and a quick ratio of 0.64. The company has a market cap of $129.05 billion, a P/E ratio of 39.13, a P/E/G ratio of 3.44 and a beta of 1.42. The stock has a 50-day moving average of $130.47 and a two-hundred day moving average of $121.90. Prologis, Inc. has a 1-year low of $85.35 and a 1-year high of $141.95.

Prologis (NYSE:PLD) last issued its quarterly earnings results on Wednesday, January 21st. The real estate investment trust reported $1.44 earnings per share (EPS) for the quarter, hitting the consensus estimate 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 net margin of 37.86% and a return on equity of 5.78%. The business’s quarterly revenue was up 7.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.42 earnings per share. Prologis has set its FY 2026 guidance at 6.000-6.200 EPS. As a group, analysts anticipate that Prologis, Inc. will post 5.73 EPS for the current year.

Prologis Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 17th will be paid a $1.07 dividend. This represents a $4.28 annualized dividend and a dividend yield of 3.1%. This is a positive change from Prologis’s previous quarterly dividend of $1.01. The ex-dividend date is Tuesday, March 17th. Prologis’s payout ratio is presently 120.56%.

Insider Activity at Prologis

In other news, Director Cristina Gabriela Bita sold 621 shares of the company’s stock in a transaction 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 sale, the director owned 8,208 shares of the company’s stock, valued at approximately $1,047,340.80. This represents a 7.03% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.57% of the stock is currently owned by company insiders.

Analyst Ratings Changes

PLD has been the subject of several recent analyst reports. Wells Fargo & Company raised their target price on Prologis from $120.00 to $139.00 and gave the stock an “overweight” rating in a research note on Monday, October 27th. Evercore raised their price objective on Prologis from $118.00 to $121.00 and gave the stock an “in-line” rating in a research report on Thursday, January 22nd. Wall Street Zen lowered shares of Prologis from a “hold” rating to a “sell” rating in a report on Saturday, February 7th. Citigroup reaffirmed a “buy” rating on shares of Prologis in a research note on Monday, January 26th. Finally, iA Financial set a $119.00 price target on shares of Prologis in a research report on Monday, October 20th. Thirteen investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, Prologis presently has an average rating of “Moderate Buy” and an average target price of $135.89.

About Prologis

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.