Aberdeen Group plc Purchases 93,035 Shares of Prologis, Inc. $PLD

Aberdeen Group plc increased its holdings in Prologis, Inc. (NYSE:PLD) by 5.3% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,856,123 shares of the real estate investment trust’s stock after acquiring an additional 93,035 shares during the quarter. Aberdeen Group plc owned about 0.20% of Prologis worth $210,651,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Cidel Asset Management Inc. grew its holdings in shares of Prologis by 13.8% during the third quarter. Cidel Asset Management Inc. now owns 2,326 shares of the real estate investment trust’s stock valued at $266,000 after buying an additional 282 shares during the last quarter. BTC Capital Management Inc. boosted its stake in Prologis by 9.1% during the 3rd quarter. BTC Capital Management Inc. now owns 71,609 shares of the real estate investment trust’s stock valued at $8,202,000 after purchasing an additional 5,985 shares during the last quarter. Balboa Wealth Partners bought a new stake in shares of Prologis in the 3rd quarter worth $260,000. DDD Partners LLC bought a new stake in shares of Prologis in the 3rd quarter worth $19,247,000. Finally, Atlantic Family Wealth LLC raised its stake in shares of Prologis by 29.2% in the third quarter. Atlantic Family Wealth LLC now owns 2,638 shares of the real estate investment trust’s stock worth $302,000 after purchasing an additional 596 shares during the last quarter. Institutional investors own 93.50% of the company’s stock.

Prologis Stock Performance

Shares of NYSE:PLD opened at $138.93 on Friday. The firm’s 50 day simple moving average is $130.47 and its 200-day simple moving average is $121.90. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.64 and a current ratio of 0.19. Prologis, Inc. has a one year low of $85.35 and a one year high of $141.95. The firm has a market cap of $129.05 billion, a PE ratio of 39.13, a price-to-earnings-growth ratio of 3.44 and a beta of 1.42.

Prologis (NYSE:PLD) last announced its quarterly earnings results on Wednesday, January 21st. The real estate investment trust reported $1.44 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.44. Prologis had a return on equity of 5.78% and a net margin of 37.86%.The business had revenue of $2.25 billion for the quarter, compared to the consensus estimate of $2.09 billion. During the same period last year, the business posted $1.42 EPS. The business’s 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. As a group, equities analysts predict that Prologis, Inc. will post 5.73 EPS for the current year.

Prologis Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 17th will be paid a dividend of $1.07 per share. This is an increase from Prologis’s previous quarterly dividend of $1.01. This represents a $4.28 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend is Tuesday, March 17th. Prologis’s dividend payout ratio is presently 120.56%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on PLD. 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 note on Monday, February 2nd. UBS Group lifted their price target on shares of Prologis from $144.00 to $148.00 and gave the stock a “buy” rating in a research note on Thursday, January 22nd. BNP Paribas Exane boosted their price objective on shares of Prologis from $129.00 to $140.00 and gave the company an “outperform” rating in a research report on Wednesday, January 21st. Argus raised 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. Finally, BTIG Research boosted their price target on Prologis from $134.00 to $155.00 and gave the company a “buy” rating in a report on Wednesday, December 31st. Thirteen analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat, Prologis has an average rating of “Moderate Buy” and an average target price of $135.89.

Insider Buying and Selling at Prologis

In other news, Director Cristina Gabriela Bita sold 621 shares of the company’s stock in a transaction on Monday, December 1st. The shares were sold at an average price of $127.60, for a total transaction of $79,239.60. Following the completion of the sale, 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 Securities & Exchange Commission, which is available through this hyperlink. 0.57% of the stock is currently owned by company insiders.

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.