Prospera Financial Services Inc Reduces Position in Prologis, Inc. $PLD

Prospera Financial Services Inc trimmed its position in Prologis, Inc. (NYSE:PLD) by 12.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 41,485 shares of the real estate investment trust’s stock after selling 6,115 shares during the quarter. Prospera Financial Services Inc’s holdings in Prologis were worth $5,297,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. High Note Wealth LLC increased its position in shares of Prologis by 43.9% in the fourth 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 during the last quarter. Dakota Community Bank & Trust NA grew its position in Prologis by 3.4% during the fourth quarter. Dakota Community Bank & Trust NA now owns 2,398 shares of the real estate investment trust’s stock valued at $306,000 after acquiring an additional 79 shares during the last quarter. Peddock Capital Advisors LLC grew its position in Prologis by 3.1% during the fourth quarter. Peddock Capital Advisors LLC now owns 2,651 shares of the real estate investment trust’s stock valued at $338,000 after acquiring an additional 80 shares during the last quarter. Whittier Trust Co. of Nevada Inc. boosted its stake in shares of Prologis by 0.5% during the third quarter. Whittier Trust Co. of Nevada Inc. now owns 16,583 shares of the real estate investment trust’s stock valued at $1,941,000 after purchasing an additional 82 shares during the period. Finally, Foster Dykema Cabot & Partners LLC boosted its stake in shares of Prologis by 1.0% during the third quarter. Foster Dykema Cabot & Partners LLC now owns 8,232 shares of the real estate investment trust’s stock valued at $943,000 after purchasing an additional 83 shares during the period. 93.50% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

PLD has been the subject of a number of research analyst reports. Argus raised their price target on Prologis from $135.00 to $152.00 and gave the stock a “buy” rating in a research note on Friday, April 17th. BNP Paribas Exane raised their price objective on Prologis from $140.00 to $150.00 and gave the company an “outperform” rating in a research report on Friday, April 17th. Wall Street Zen upgraded Prologis from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Citigroup raised their price target on Prologis from $145.00 to $165.00 and gave the company a “buy” rating in a report on Tuesday, April 21st. Finally, JPMorgan Chase & Co. lifted their price objective on Prologis from $141.00 to $157.00 and gave the stock an “overweight” rating in a report on Tuesday, April 21st. Sixteen investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $149.76.

Prologis Stock Up 0.1%

NYSE PLD opened at $146.05 on Tuesday. The stock’s 50 day moving average is $138.14 and its 200 day moving average is $133.58. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.60. Prologis, Inc. has a 12 month low of $103.02 and a 12 month high of $146.27. The stock has a market cap of $136.17 billion, a PE ratio of 36.79, a P/E/G ratio of 3.21 and a beta of 1.33.

Prologis (NYSE:PLD) last released its quarterly earnings data on Thursday, April 16th. The real estate investment trust reported $1.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.81 by $0.24. Prologis had a return on equity of 6.47% and a net margin of 41.54%.The business had revenue of $2.30 billion for the quarter, compared to the consensus estimate of $2.12 billion. During the same quarter in the previous year, the company posted $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. Research analysts predict that Prologis, Inc. will post 6.17 EPS for the current fiscal year.

Prologis Dividend Announcement

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