Independent Financial Group LLC Acquires New Shares in Prologis, Inc. $PLD

Independent Financial Group LLC acquired a new position in shares of Prologis, Inc. (NYSE:PLD) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 9,300 shares of the real estate investment trust’s stock, valued at approximately $1,229,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Nvwm LLC grew its holdings in shares of Prologis by 6,069.7% in the fourth quarter. Nvwm LLC now owns 15,486 shares of the real estate investment trust’s stock valued at $1,977,000 after acquiring an additional 15,235 shares in the last quarter. Murphy Middleton Hinkle & Parker Inc. bought a new stake in Prologis during the fourth quarter worth $2,581,000. Avanza Fonder AB boosted its position in Prologis by 8.4% in the fourth quarter. Avanza Fonder AB now owns 70,789 shares of the real estate investment trust’s stock worth $9,037,000 after purchasing an additional 5,508 shares during the last quarter. Schnieders Capital Management LLC. grew its stake 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 purchasing an additional 3,350 shares during the period. Finally, Prime Capital Investment Advisors LLC increased its position in shares of Prologis by 98.8% during the 4th quarter. Prime Capital Investment Advisors LLC now owns 23,837 shares of the real estate investment trust’s stock valued at $3,043,000 after purchasing an additional 11,846 shares during the last quarter. Institutional investors and hedge funds own 93.50% of the company’s stock.

Wall Street Analysts Forecast Growth

PLD has been the topic of a number of research analyst reports. BTIG Research boosted their price target on shares of Prologis from $160.00 to $170.00 and gave the stock a “buy” rating in a report on Wednesday, July 1st. Truist Financial raised their price objective on shares of Prologis from $139.00 to $154.00 and gave the stock a “buy” rating in a report on Friday, April 24th. Scotiabank cut shares of Prologis from a “sector outperform” rating to a “sector perform” rating and dropped their target price for the company from $154.00 to $146.00 in a research note on Thursday, June 18th. Evercore set a $135.00 target price on shares of Prologis in a research report on Friday, April 17th. Finally, Raymond James Financial assumed coverage on shares of Prologis in a research note on Thursday, June 18th. They set a “market perform” rating for the company. Fifteen analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $153.24.

Key Headlines Impacting Prologis

Here are the key news stories impacting Prologis this week:

• Negative Sentiment: SEGRO rejected Prologis’ revised takeover offer for the third time, reducing the odds of a deal and weighing on investor sentiment toward PLD. Reuters article
• Negative Sentiment: Prologis’ sweetened bid was publicly rejected again, suggesting management may need to either walk away or pay up further, both of which can create uncertainty for shareholders. Yahoo Finance article
• Neutral Sentiment: Trading activity in Prologis’ stock has climbed within the S&P 500, which points to elevated investor attention but does not by itself explain a clear directional move. Kalkine Media article
• Neutral Sentiment: Momentum-focused commentary and “top growth stock” mentions may support the longer-term bull case, but these pieces are less likely to drive today’s trading than the SEGRO news. Zacks article
• Positive Sentiment: Recent earnings-related coverage highlighted strong lease signings and an improved outlook, which continues to support the stock’s fundamental backdrop even as merger speculation creates volatility. Yahoo Finance article

Insider Activity

In related news, CFO Timothy D. Arndt sold 3,597 shares of the company’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $150.00, for a total transaction of $539,550.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.52% of the stock is currently owned by company insiders.

Prologis Stock Down 1.6%

Shares of NYSE PLD opened at $147.43 on Tuesday. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.27 and a quick ratio of 0.51. The stock has a market capitalization of $137.46 billion, a PE ratio of 32.84 and a beta of 1.32. Prologis, Inc. has a one year low of $103.41 and a one year high of $153.35. The business’s fifty day moving average price is $143.20 and its 200-day moving average price is $138.10.

Prologis (NYSE:PLD) last announced its quarterly earnings data on Thursday, July 16th. The real estate investment trust reported $1.13 earnings per share for the quarter, topping the consensus estimate of $0.75 by $0.38. The company had revenue of $2.43 billion during the quarter, compared to analyst estimates of $2.16 billion. Prologis had a return on equity of 7.29% and a net margin of 45.79%.The firm’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same quarter last year, the firm posted $1.46 EPS. Prologis has set its FY 2026 guidance at 6.220-6.300 EPS. On average, equities research analysts anticipate that Prologis, Inc. will post 6.26 EPS for the current year.

Prologis Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 16th were paid a $1.07 dividend. The ex-dividend date was Tuesday, June 16th. This represents a $4.28 annualized dividend and a dividend yield of 2.9%. Prologis’s dividend payout ratio (DPR) is presently 95.32%.

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.