Caprock Group LLC Takes $969,000 Position in Prologis, Inc. $PLD

Caprock Group LLC purchased a new position in shares of Prologis, Inc. (NYSE:PLD) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 8,515 shares of the real estate investment trust’s stock, valued at approximately $969,000.

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

Insider Activity

In related news, Director Cristina Gabriela Bita sold 621 shares of the stock in a transaction 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 owned 8,208 shares of the company’s stock, valued at $1,047,340.80. This represents a 7.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 0.57% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Truist Financial cut their price target on shares of Prologis from $142.00 to $139.00 and set a “buy” rating for the company in a report on Monday, January 26th. Wall Street Zen downgraded Prologis from a “hold” rating to a “sell” rating in a research report on Saturday, February 7th. Royal Bank Of Canada upped their price target on Prologis from $132.00 to $135.00 and gave the company a “sector perform” rating in a research note on Monday, February 2nd. Wells Fargo & Company lifted their price target on shares of Prologis from $120.00 to $139.00 and gave the company an “overweight” rating in a research report on Monday, October 27th. Finally, iA Financial set a $119.00 price target on shares of Prologis in a research note on Monday, October 20th. Thirteen analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $135.89.

Prologis Price Performance

PLD stock opened at $138.93 on Monday. Prologis, Inc. has a 1 year low of $85.35 and a 1 year high of $141.95. The firm has a market capitalization 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 company has a debt-to-equity ratio of 0.61, a current ratio of 0.19 and a quick ratio of 0.64. The business’s 50-day moving average is $130.47 and its two-hundred day moving average is $121.99.

Prologis (NYSE:PLD) last released its earnings results on Wednesday, January 21st. The real estate investment trust reported $1.44 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.44. Prologis had a net margin of 37.86% and a return on equity of 6.64%. The firm had revenue of $2.25 billion for the quarter, compared to analyst estimates of $2.09 billion. During the same period in the prior year, the firm earned $1.42 earnings per share. 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. Analysts anticipate that Prologis, Inc. will post 5.73 earnings per share for the current fiscal year.

Prologis Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 17th will be issued a $1.07 dividend. This represents a $4.28 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date is Tuesday, March 17th. This is a positive change from Prologis’s previous quarterly dividend of $1.01. Prologis’s dividend payout ratio (DPR) is 113.80%.

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.