Clearbridge Investments LLC Purchases 20,967 Shares of Prologis, Inc. $PLD

Clearbridge Investments LLC boosted its position in Prologis, Inc. (NYSE:PLD) by 5.2% in the fourth quarter, HoldingsChannel reports. The firm owned 423,893 shares of the real estate investment trust’s stock after buying an additional 20,967 shares during the quarter. Clearbridge Investments LLC’s holdings in Prologis were worth $54,114,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in PLD. High Point Wealth Management LLC bought a new stake in Prologis in the 4th quarter worth about $26,000. Ares Financial Consulting LLC bought a new stake in Prologis in the 4th quarter worth about $26,000. Eagle Bay Advisors LLC bought a new stake in Prologis in the 4th quarter worth about $27,000. SouthState Bank Corp grew its position in Prologis by 73.1% in the 4th quarter. SouthState Bank Corp now owns 225 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 95 shares in the last quarter. Finally, High Note Wealth LLC grew its position in Prologis by 43.9% in the 4th quarter. High Note Wealth LLC now owns 249 shares of the real estate investment trust’s stock worth $32,000 after purchasing an additional 76 shares in the last quarter. 93.50% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on PLD shares. Morgan Stanley upped their price objective on shares of Prologis from $135.00 to $151.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 26th. BTIG Research reaffirmed a “buy” rating and issued a $155.00 price objective on shares of Prologis in a research report on Wednesday, April 15th. Scotiabank upped their price objective on shares of Prologis from $146.00 to $154.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 21st. Robert W. Baird increased their target price 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. Finally, The Goldman Sachs Group reissued a “neutral” rating and set a $157.00 target price on shares of Prologis in a research report on Friday, April 17th. Sixteen equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, Prologis has a consensus rating of “Moderate Buy” and an average price target of $151.86.

Prologis Stock Down 1.2%

Prologis stock opened at $142.84 on Tuesday. Prologis, Inc. has a twelve month low of $103.41 and a twelve month high of $147.93. The firm has a 50 day moving average price of $140.66 and a 200-day moving average price of $134.93. The company has a market capitalization of $133.18 billion, a P/E ratio of 35.98, a P/E/G ratio of 3.18 and a beta of 1.32. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 0.60.

Prologis (NYSE:PLD) last released its earnings results 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 during the quarter, compared to the consensus estimate of $2.12 billion. During the same period in the prior year, the firm earned $1.43 EPS. The company’s 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. As a group, equities analysts predict that Prologis, Inc. will post 6.18 EPS for the current year.

Prologis Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 16th will be given a dividend of $1.07 per share. This represents a $4.28 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend is Tuesday, June 16th. Prologis’s dividend payout ratio is currently 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.