Asset One Wealth Management LLC Takes $2.64 Million Position in Prologis, Inc. $PLD

Asset One Wealth Management LLC bought a new stake in Prologis, Inc. (NYSE:PLD) during the fourth quarter, Holdings Channel reports. The institutional investor bought 20,365 shares of the real estate investment trust’s stock, valued at approximately $2,641,000.

A number of other large investors also recently made changes to their positions in the business. High Point Wealth Management LLC bought a new stake in shares of Prologis in the 4th quarter valued at approximately $26,000. Ares Financial Consulting LLC bought a new stake in shares of Prologis in the 4th quarter valued at approximately $26,000. Eagle Bay Advisors LLC bought a new stake in shares of Prologis in the 4th quarter valued at approximately $27,000. SouthState Bank Corp grew its stake in shares of Prologis by 73.1% in the 4th quarter. SouthState Bank Corp now owns 225 shares of the real estate investment trust’s stock valued at $29,000 after buying an additional 95 shares in the last quarter. Finally, Hilton Head Capital Partners LLC bought a new stake in shares of Prologis in the 4th quarter valued at approximately $29,000. Institutional investors and hedge funds own 93.50% of the company’s stock.

Prologis Stock Down 3.6%

PLD opened at $140.83 on Thursday. Prologis, Inc. has a 1-year low of $103.41 and a 1-year high of $150.18. 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 stock has a market capitalization of $131.30 billion, a price-to-earnings ratio of 35.47, a P/E/G ratio of 3.21 and a beta of 1.32. The business has a 50 day moving average of $142.69 and a 200-day moving average of $135.94.

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

Prologis Announces Dividend

The business also recently disclosed 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 dividend payout ratio is currently 107.81%.

Insider Transactions at Prologis

In other Prologis news, CFO Timothy D. Arndt sold 3,597 shares of the stock in a transaction on Monday, June 15th. The stock was sold at an average price of $150.00, for a total transaction of $539,550.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.52% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

PLD has been the subject of several recent research reports. BNP Paribas Exane boosted their price target on Prologis from $140.00 to $150.00 and gave the company an “outperform” rating in a research note on Friday, April 17th. DA Davidson boosted their price target on Prologis from $140.00 to $160.00 and gave the company a “buy” rating in a research note on Tuesday, April 21st. Truist Financial boosted their price target on Prologis from $139.00 to $154.00 and gave the company a “buy” rating in a research note on Friday, April 24th. Morgan Stanley boosted their price target on Prologis from $135.00 to $151.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 26th. Finally, UBS Group upped their target price on Prologis from $148.00 to $161.00 and gave the stock a “buy” rating in a research report on Friday, April 17th. Sixteen investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, Prologis currently has a consensus rating of “Moderate Buy” and a consensus target price of $151.86.

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.