Prologis, Inc. $PLD Stock Holdings Boosted by Assetmark Inc.

Assetmark Inc. grew its holdings in shares of Prologis, Inc. (NYSE:PLD) by 10.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 79,350 shares of the real estate investment trust’s stock after buying an additional 7,217 shares during the period. Assetmark Inc.’s holdings in Prologis were worth $9,087,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Clayton Financial Group LLC bought a new position in shares of Prologis in the third quarter valued at approximately $26,000. Silver Oak Securities Incorporated acquired a new stake in Prologis in the third quarter worth approximately $36,000. AlphaQuest LLC bought a new position in Prologis during the 3rd quarter valued at $39,000. Twin Peaks Wealth Advisors LLC bought a new position in Prologis during the 2nd quarter valued at $44,000. Finally, SJS Investment Consulting Inc. acquired a new position in shares of Prologis during the 3rd quarter valued at $44,000. 93.50% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

PLD has been the subject of a number of recent analyst reports. UBS Group increased their price target on Prologis from $144.00 to $148.00 and gave the company a “buy” rating in a research report on Thursday, January 22nd. Mizuho upped their price objective on shares of Prologis from $138.00 to $143.00 and gave the company an “outperform” rating in a research note on Monday, January 26th. Barclays reissued an “overweight” rating and issued a $139.00 target price on shares of Prologis in a research report on Tuesday, January 13th. Weiss Ratings restated a “buy (b-)” rating on shares of Prologis in a research report on Monday, December 29th. Finally, Robert W. Baird reiterated a “neutral” rating and set a $130.00 price objective (up from $128.00) on shares of Prologis in a research report on Thursday, January 8th. Thirteen investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat, Prologis has an average rating of “Moderate Buy” and an average price target of $135.89.

Insiders Place Their Bets

In other Prologis 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 transaction, 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.57% of the company’s stock.

Prologis Trading Up 1.9%

NYSE:PLD opened at $138.93 on Tuesday. The company’s 50 day moving average is $130.72 and its 200-day moving average is $122.22. The company has a quick ratio of 0.64, a current ratio of 0.19 and a debt-to-equity ratio of 0.61. Prologis, Inc. has a 12 month low of $85.35 and a 12 month high of $141.95. The firm has a market cap of $129.05 billion, a price-to-earnings ratio of 39.13, a P/E/G ratio of 3.44 and a beta of 1.42.

Prologis (NYSE:PLD) last posted its quarterly earnings data on Wednesday, January 21st. The real estate investment trust reported $1.44 earnings per share for the quarter, meeting the consensus estimate of $1.44. Prologis had a return on equity of 6.64% and a net margin of 37.86%.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 prior year, the business earned $1.42 earnings per share. Prologis’s revenue for the quarter was up 7.8% compared to the same quarter last year. Prologis has set its FY 2026 guidance at 6.000-6.200 EPS. Equities analysts anticipate that Prologis, Inc. will post 5.73 EPS for the current year.

Prologis Increases Dividend

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