Black Swift Group LLC Raises Holdings in Prologis, Inc. $PLD

Black Swift Group LLC boosted its position in Prologis, Inc. (NYSE:PLD) by 41.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 14,030 shares of the real estate investment trust’s stock after acquiring an additional 4,095 shares during the quarter. Black Swift Group LLC’s holdings in Prologis were worth $1,607,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Whittier Trust Co. of Nevada Inc. boosted its stake in shares of Prologis by 0.5% during the third quarter. Whittier Trust Co. of Nevada Inc. now owns 16,583 shares of the real estate investment trust’s stock valued at $1,941,000 after acquiring an additional 82 shares during the last quarter. Foster Dykema Cabot & Partners LLC raised its stake in Prologis by 1.0% in the 3rd quarter. Foster Dykema Cabot & Partners LLC now owns 8,232 shares of the real estate investment trust’s stock valued at $943,000 after purchasing an additional 83 shares during the last quarter. Cornerstone Advisory LLC raised its stake in Prologis by 2.4% in the 3rd quarter. Cornerstone Advisory LLC now owns 3,535 shares of the real estate investment trust’s stock valued at $405,000 after purchasing an additional 84 shares during the last quarter. Clear Investment Research LLC lifted its holdings in Prologis by 34.5% in the 3rd quarter. Clear Investment Research LLC now owns 343 shares of the real estate investment trust’s stock valued at $39,000 after purchasing an additional 88 shares in the last quarter. Finally, Fidelis Capital Partners LLC lifted its holdings in Prologis by 1.0% in the 3rd quarter. Fidelis Capital Partners LLC now owns 9,069 shares of the real estate investment trust’s stock valued at $1,039,000 after purchasing an additional 89 shares in the last quarter. 93.50% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on PLD shares. Freedom Capital downgraded shares of Prologis from a “strong-buy” rating to a “hold” rating in a report on Friday, January 23rd. Scotiabank raised shares of Prologis from a “sector perform” rating to a “sector outperform” rating and upped their price objective for the company from $133.00 to $146.00 in a research note on Wednesday, January 14th. Weiss Ratings restated a “buy (b-)” rating on shares of Prologis in a research report on Monday, December 29th. Evercore lifted their target price on shares of Prologis from $118.00 to $121.00 and gave the stock an “in-line” rating in a research note on Thursday, January 22nd. Finally, Citigroup began coverage on Prologis in a research note on Thursday. They set a “buy” rating and a $145.00 price target on the stock. Fourteen research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $137.20.

Prologis Trading Down 2.5%

Shares of PLD stock opened at $134.42 on Friday. The firm has a market cap of $124.95 billion, a P/E ratio of 37.86, a PEG ratio of 3.33 and a beta of 1.41. Prologis, Inc. has a 1-year low of $85.35 and a 1-year high of $143.95. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.58 and a quick ratio of 0.58. The firm’s 50-day simple moving average is $133.95 and its 200-day simple moving average is $125.46.

Prologis (NYSE:PLD) last released its 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. Prologis had a net margin of 37.86% and a return on equity of 5.79%. The business had revenue of $2.25 billion for the quarter, compared to analysts’ expectations of $2.09 billion. During the same period last year, the company earned $1.42 earnings per share. The company’s quarterly revenue was up 7.8% on a year-over-year basis. Prologis has set its FY 2026 guidance at 6.000-6.200 EPS. As a group, equities analysts forecast that Prologis, Inc. will post 5.73 EPS for the current year.

Prologis Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 17th will be issued a $1.07 dividend. This is a boost from Prologis’s previous quarterly dividend of $1.01. The ex-dividend date is Tuesday, March 17th. This represents a $4.28 dividend on an annualized basis and a dividend yield of 3.2%. 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.