3,615 Shares in Prologis, Inc. $PLD Acquired by Ocean Park Asset Management LLC

Ocean Park Asset Management LLC acquired a new position in Prologis, Inc. (NYSE:PLD) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 3,615 shares of the real estate investment trust’s stock, valued at approximately $477,000.

Other hedge funds also recently bought and sold shares of the company. Sweeney & Michel LLC boosted its position in Prologis by 0.9% during the 1st quarter. Sweeney & Michel LLC now owns 22,917 shares of the real estate investment trust’s stock valued at $3,143,000 after acquiring an additional 203 shares in the last quarter. SG Americas Securities LLC raised its position in shares of Prologis by 86.4% in the 1st quarter. SG Americas Securities LLC now owns 1,098,612 shares of the real estate investment trust’s stock worth $145,215,000 after acquiring an additional 509,092 shares in the last quarter. Smith Salley Wealth Management raised its position in shares of Prologis by 3.8% in the 1st quarter. Smith Salley Wealth Management now owns 10,056 shares of the real estate investment trust’s stock worth $1,329,000 after acquiring an additional 370 shares in the last quarter. Balboa Wealth Partners lifted its stake in shares of Prologis by 3.9% during the 1st quarter. Balboa Wealth Partners now owns 2,537 shares of the real estate investment trust’s stock worth $335,000 after purchasing an additional 96 shares during the last quarter. Finally, Forbes J M & Co. LLP lifted its stake in shares of Prologis by 0.7% during the 1st quarter. Forbes J M & Co. LLP now owns 61,109 shares of the real estate investment trust’s stock worth $8,077,000 after purchasing an additional 433 shares during the last quarter. Hedge funds and other institutional investors own 93.50% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Wall Street Zen raised Prologis from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Citigroup boosted their target price on shares of Prologis from $145.00 to $165.00 and gave the stock a “buy” rating in a report on Tuesday, April 21st. Jefferies Financial Group decreased their price target on shares of Prologis from $157.00 to $155.00 and set a “buy” rating for the company in a research report on Tuesday, April 14th. UBS Group raised their price target on shares of Prologis from $148.00 to $161.00 and gave the company a “buy” rating in a report on Friday, April 17th. Finally, DA Davidson lifted their price objective on shares of Prologis from $140.00 to $160.00 and gave the stock a “buy” rating in a research report on Tuesday, April 21st. Fifteen research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat, Prologis presently has a consensus rating of “Moderate Buy” and a consensus price target of $151.48.

Insiders Place Their Bets

In other news, CFO Timothy D. Arndt sold 3,597 shares of the stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $150.00, for a total value of $539,550.00. The sale was disclosed in a document filed with the SEC, which is available through this link. Insiders own 0.52% of the company’s stock.

Prologis Trading Up 0.1%

NYSE:PLD opened at $140.63 on Monday. Prologis, Inc. has a 12 month low of $103.41 and a 12 month high of $150.18. The firm has a fifty day simple moving average of $142.91 and a 200-day simple moving average of $136.10. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.60. The company has a market capitalization of $131.11 billion, a P/E ratio of 35.42, a PEG ratio of 3.05 and a beta of 1.32.

Prologis (NYSE:PLD) last announced its quarterly earnings data on Thursday, April 16th. The real estate investment trust reported $1.05 earnings per share for the quarter, beating analysts’ consensus estimates of $0.81 by $0.24. Prologis had a net margin of 41.54% and a return on equity of 6.47%. The firm had revenue of $2.30 billion for the quarter, compared to analyst estimates of $2.12 billion. During the same period in the previous year, the company earned $1.43 earnings per share. The business’s quarterly revenue was up 6.9% compared to the same quarter last year. Prologis has set its FY 2026 guidance at 6.070-6.230 EPS. On average, equities research analysts anticipate that Prologis, Inc. will post 6.18 earnings per share for the current year.

Prologis Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 16th will be paid a dividend of $1.07 per share. This represents a $4.28 annualized dividend and a yield of 3.0%. The ex-dividend date is Tuesday, June 16th. Prologis’s payout ratio is presently 107.81%.

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.