Exchange Traded Concepts LLC Increases Position in Prologis, Inc. $PLD

Exchange Traded Concepts LLC raised its holdings in Prologis, Inc. (NYSE:PLD) by 33.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 59,035 shares of the real estate investment trust’s stock after acquiring an additional 14,849 shares during the period. Exchange Traded Concepts LLC’s holdings in Prologis were worth $7,536,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Brighton Jones LLC lifted its position in Prologis by 629.0% during the fourth quarter. Brighton Jones LLC now owns 17,475 shares of the real estate investment trust’s stock worth $1,847,000 after buying an additional 15,078 shares in the last quarter. Schnieders Capital Management LLC. grew its holdings in Prologis by 45.4% in the 2nd quarter. Schnieders Capital Management LLC. now owns 10,728 shares of the real estate investment trust’s stock valued at $1,128,000 after buying an additional 3,350 shares in the last quarter. J.W. Cole Advisors Inc. increased its stake in shares of Prologis by 10.6% in the 2nd quarter. J.W. Cole Advisors Inc. now owns 12,870 shares of the real estate investment trust’s stock worth $1,353,000 after acquiring an additional 1,235 shares during the last quarter. Elevation Point Wealth Partners LLC acquired a new stake in shares of Prologis in the 2nd quarter worth $145,000. Finally, Northwestern Mutual Wealth Management Co. raised its holdings in shares of Prologis by 0.8% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 50,647 shares of the real estate investment trust’s stock worth $5,324,000 after acquiring an additional 394 shares during the period. 93.50% of the stock is owned by hedge funds and other institutional investors.

Prologis Stock Performance

Shares of Prologis stock opened at $128.93 on Monday. The firm has a market cap of $120.19 billion, a PE ratio of 36.32, a price-to-earnings-growth ratio of 3.04 and a beta of 1.41. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.61. Prologis, Inc. has a 52 week low of $85.35 and a 52 week high of $143.95. The business’s fifty day simple moving average is $134.66 and its 200-day simple moving average is $127.64.

Prologis (NYSE:PLD) last issued its quarterly earnings data on Wednesday, January 21st. The real estate investment trust reported $1.44 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.44. Prologis had a return on equity of 5.79% and a net margin of 37.86%.The firm had revenue of $2.25 billion during the quarter, compared to the consensus estimate of $2.09 billion. During the same period last year, the company earned $1.42 EPS. 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. Equities analysts forecast that Prologis, Inc. will post 5.73 earnings per share for the current year.

Prologis Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 17th will be paid a $1.07 dividend. This is a positive change from Prologis’s previous quarterly dividend of $1.01. The ex-dividend date of this dividend is Tuesday, March 17th. This represents a $4.28 dividend on an annualized basis and a dividend yield of 3.3%. Prologis’s payout ratio is presently 120.56%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on PLD. Freedom Capital cut shares of Prologis from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 23rd. Evercore raised their price objective on shares of Prologis from $118.00 to $121.00 and gave the stock an “in-line” rating in a research report on Thursday, January 22nd. Royal Bank Of Canada boosted their target price on shares of Prologis from $132.00 to $135.00 and gave the company a “sector perform” rating in a report on Monday, February 2nd. Wall Street Zen cut shares of Prologis from a “hold” rating to a “sell” rating in a research note on Saturday, February 7th. Finally, Mizuho raised their price target on shares of Prologis from $138.00 to $143.00 and gave the stock an “outperform” rating in a report on Monday, January 26th. Fourteen investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, Prologis presently has a consensus rating of “Moderate Buy” and a consensus price target of $137.20.

Prologis 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.