Allworth Financial LP Grows Stock Position in Prologis, Inc. $PLD

Allworth Financial LP increased its holdings in Prologis, Inc. (NYSE:PLD) by 2.2% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 234,768 shares of the real estate investment trust’s stock after acquiring an additional 5,071 shares during the period. Allworth Financial LP’s holdings in Prologis were worth $26,886,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in PLD. IFP Advisors Inc raised its position in Prologis by 8.7% in the third quarter. IFP Advisors Inc now owns 4,816 shares of the real estate investment trust’s stock valued at $552,000 after purchasing an additional 384 shares during the period. Swiss Life Asset Management Ltd lifted its stake in shares of Prologis by 19.6% in the 3rd quarter. Swiss Life Asset Management Ltd now owns 172,836 shares of the real estate investment trust’s stock valued at $19,793,000 after purchasing an additional 28,349 shares during the last quarter. Investment Research Partners LLC purchased a new position in shares of Prologis during the 3rd quarter worth $415,000. Cambria Investment Management L.P. purchased a new position in shares of Prologis during the 3rd quarter worth $273,000. Finally, Connors Investor Services Inc. increased its position in shares of Prologis by 0.3% during the 3rd quarter. Connors Investor Services Inc. now owns 68,205 shares of the real estate investment trust’s stock worth $7,811,000 after purchasing an additional 235 shares during the last quarter. Institutional investors and hedge funds own 93.50% of the company’s stock.

Prologis Stock Down 1.5%

Shares of NYSE:PLD opened at $131.20 on Thursday. 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 has a market capitalization of $121.96 billion, a PE ratio of 36.96, a price-to-earnings-growth ratio of 3.15 and a beta of 1.41. The firm’s 50-day moving average is $134.79 and its two-hundred day moving average is $126.68. Prologis, Inc. has a 1 year low of $85.35 and a 1 year high of $143.95.

Prologis (NYSE:PLD) last posted its quarterly earnings data on Wednesday, January 21st. The real estate investment trust reported $1.44 EPS for the quarter, meeting the consensus estimate of $1.44. The business had revenue of $2.25 billion during the quarter, compared to analyst estimates of $2.09 billion. Prologis had a net margin of 37.86% and a return on equity of 5.79%. The business’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same quarter last year, the firm posted $1.42 earnings per share. Prologis has set its FY 2026 guidance at 6.000-6.200 EPS. Analysts predict 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 given a $1.07 dividend. The ex-dividend date of this dividend is Tuesday, March 17th. This represents a $4.28 annualized dividend and a yield of 3.3%. This is a boost from Prologis’s previous quarterly dividend of $1.01. Prologis’s dividend payout ratio is 120.56%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Prologis in a research report on Monday, December 29th. Mizuho lifted their price target on shares of Prologis from $138.00 to $143.00 and gave the company an “outperform” rating in a research report on Monday, January 26th. Truist Financial reduced their price target on shares of Prologis from $142.00 to $139.00 and set a “buy” rating on the stock in a research note on Monday, January 26th. The Goldman Sachs Group upped their price objective on shares of Prologis from $137.00 to $148.00 and gave the stock a “neutral” rating in a report on Monday, February 9th. Finally, Royal Bank Of Canada increased their price objective on shares of Prologis from $132.00 to $135.00 and gave the stock a “sector perform” rating in a research report on Monday, February 2nd. Fourteen research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $137.20.

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.