King Luther Capital Management Corp Raises Position in Prologis, Inc. $PLD

King Luther Capital Management Corp increased its holdings in Prologis, Inc. (NYSE:PLD) by 21.9% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 36,309 shares of the real estate investment trust’s stock after buying an additional 6,519 shares during the period. King Luther Capital Management Corp’s holdings in Prologis were worth $4,635,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Ares Financial Consulting LLC purchased a new position in Prologis in the fourth quarter worth $26,000. High Point Wealth Management LLC purchased a new position in Prologis in the 4th quarter worth $26,000. Eagle Bay Advisors LLC purchased a new position in Prologis in the 4th quarter worth $27,000. High Note Wealth LLC grew its position in Prologis by 43.9% during the 4th quarter. High Note Wealth LLC now owns 249 shares of the real estate investment trust’s stock worth $32,000 after acquiring an additional 76 shares during the last quarter. Finally, True Wealth Design LLC grew its position in Prologis by 87.1% during the 4th quarter. True Wealth Design LLC now owns 262 shares of the real estate investment trust’s stock worth $33,000 after acquiring an additional 122 shares during the last quarter. 93.50% of the stock is currently owned by hedge funds and other institutional investors.

Prologis Price Performance

PLD opened at $145.86 on Friday. The stock has a 50-day moving average price of $138.94 and a 200-day moving average price of $134.04. The firm has a market cap of $135.99 billion, a PE ratio of 36.74, a P/E/G ratio of 3.22 and a beta of 1.33. Prologis, Inc. has a 1 year low of $103.41 and a 1 year high of $147.93. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.51 and a quick ratio of 0.51.

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

Prologis Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 16th will be given a $1.07 dividend. The ex-dividend date of this dividend is Tuesday, June 16th. This represents a $4.28 annualized dividend and a yield of 2.9%. Prologis’s dividend payout ratio is 107.81%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. Bank of America increased their price target on shares of Prologis from $153.00 to $162.00 and gave the company a “buy” rating in a research report on Monday, April 20th. BNP Paribas Exane increased their price target on shares of Prologis from $140.00 to $150.00 and gave the company an “outperform” rating in a research report on Friday, April 17th. Robert W. Baird increased their price target on shares of Prologis from $133.00 to $136.00 and gave the company a “neutral” rating in a research report on Friday, April 17th. Citigroup upped their price target on Prologis from $145.00 to $165.00 and gave the company a “buy” rating in a research report on Tuesday, April 21st. Finally, Truist Financial boosted their price objective on shares of Prologis from $139.00 to $154.00 and gave the company a “buy” rating in a research report on Friday, April 24th. Sixteen investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $150.52.

Prologis Company 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.