Prologis, Inc. $PLD Stock Holdings Lifted by Cary Street Partners Financial LLC

Cary Street Partners Financial LLC raised its position in shares of Prologis, Inc. (NYSE:PLD) by 3,922.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,438 shares of the real estate investment trust’s stock after purchasing an additional 34,557 shares during the period. Cary Street Partners Financial LLC’s holdings in Prologis were worth $4,058,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in PLD. Clayton Financial Group LLC bought a new position in Prologis during the third quarter valued at approximately $26,000. Silver Oak Securities Incorporated bought a new position in shares of Prologis during the 3rd quarter valued at $36,000. Rossby Financial LCC raised its holdings in shares of Prologis by 69.6% during the 3rd quarter. Rossby Financial LCC now owns 329 shares of the real estate investment trust’s stock valued at $38,000 after purchasing an additional 135 shares in the last quarter. AlphaQuest LLC acquired a new stake in shares of Prologis in the 3rd quarter valued at $39,000. Finally, Clear Investment Research LLC boosted its holdings in Prologis by 34.5% in the third quarter. Clear Investment Research LLC now owns 343 shares of the real estate investment trust’s stock worth $39,000 after purchasing an additional 88 shares in the last quarter. Institutional investors own 93.50% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on PLD shares. Truist Financial reduced their price target on Prologis from $142.00 to $139.00 and set a “buy” rating for the company in a research report on Monday, January 26th. Argus boosted their target price on Prologis from $128.00 to $135.00 and gave the stock a “buy” rating in a report on Thursday, January 22nd. Mizuho increased their price target on Prologis from $138.00 to $143.00 and gave the company an “outperform” rating in a report on Monday, January 26th. Weiss Ratings restated a “buy (b-)” rating on shares of Prologis in a research note on Monday, December 29th. Finally, BMO Capital Markets reiterated a “market perform” rating and issued a $123.00 target price on shares of Prologis in a research note on Thursday, January 22nd. Fourteen 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 MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $136.95.

Prologis Trading Down 0.1%

Shares of Prologis stock opened at $140.13 on Thursday. Prologis, Inc. has a 1 year low of $85.35 and a 1 year high of $142.40. The company’s fifty day simple moving average is $132.29 and its 200-day simple moving average is $123.80. The company has a market cap of $130.26 billion, a price-to-earnings ratio of 39.47, a PEG ratio of 3.47 and a beta of 1.42. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.61.

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 the consensus estimate of $1.44. The firm had revenue of $2.25 billion during the quarter, compared to analysts’ expectations of $2.09 billion. Prologis had a net margin of 37.86% and a return on equity of 5.79%. The business’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same period in the prior year, the company earned $1.42 EPS. Prologis has set its FY 2026 guidance at 6.000-6.200 EPS. As a group, sell-side analysts expect that Prologis, Inc. will post 5.73 EPS for the current year.

Prologis Increases Dividend

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

Insider Transactions at Prologis

In other Prologis 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 completion of 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 position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.57% of the stock is owned by corporate insiders.

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.