Royal Fund Management LLC Sells 6,302 Shares of Prologis, Inc. $PLD

Royal Fund Management LLC trimmed its holdings in Prologis, Inc. (NYSE:PLDFree Report) by 43.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,204 shares of the real estate investment trust’s stock after selling 6,302 shares during the period. Royal Fund Management LLC’s holdings in Prologis were worth $1,047,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Whittier Trust Co. of Nevada Inc. lifted its position 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 worth $1,941,000 after acquiring an additional 82 shares in the last quarter. Foster Dykema Cabot & Partners LLC grew its position in shares of Prologis by 1.0% in 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 in the last quarter. Cornerstone Advisory LLC grew its position in shares of Prologis by 2.4% in the third quarter. Cornerstone Advisory LLC now owns 3,535 shares of the real estate investment trust’s stock valued at $405,000 after purchasing an additional 84 shares in the last quarter. Pallas Capital Advisors LLC raised its stake in shares of Prologis by 0.3% during the 4th quarter. Pallas Capital Advisors LLC now owns 26,350 shares of the real estate investment trust’s stock valued at $3,364,000 after purchasing an additional 85 shares during the period. Finally, Cadence Bank raised its stake in shares of Prologis by 2.1% during the 3rd quarter. Cadence Bank now owns 4,209 shares of the real estate investment trust’s stock valued at $482,000 after purchasing an additional 87 shares during the period. Institutional investors own 93.50% of the company’s stock.

Prologis News Summary

Here are the key news stories impacting Prologis this week:

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. UBS Group raised their target price on Prologis from $144.00 to $148.00 and gave the stock a “buy” rating in a research note on Thursday, January 22nd. Mizuho upped their price target on Prologis from $138.00 to $143.00 and gave the company an “outperform” rating in a research report on Monday, January 26th. BNP Paribas Exane increased their price target on shares of Prologis from $129.00 to $140.00 and gave the stock an “outperform” rating in a report on Wednesday, January 21st. Royal Bank Of Canada raised their price objective on shares of Prologis from $132.00 to $135.00 and gave the company a “sector perform” rating in a research report on Monday, February 2nd. Finally, Wall Street Zen cut shares of Prologis from a “hold” rating to a “sell” rating in a research note on Saturday, February 7th. Fourteen equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $137.20.

Check Out Our Latest Stock Report on Prologis

Prologis Price Performance

Shares of NYSE PLD opened at $132.21 on Wednesday. The firm has a market capitalization of $123.25 billion, a P/E ratio of 37.24, a P/E/G ratio of 3.04 and a beta of 1.41. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.61. The stock’s 50-day simple moving average is $134.60 and its two-hundred day simple moving average is $127.85. Prologis, Inc. has a twelve month low of $85.35 and a twelve month high of $143.95.

Prologis (NYSE:PLDGet Free Report) last issued its quarterly earnings results on Wednesday, January 21st. The real estate investment trust reported $1.44 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.44. Prologis had a return on equity of 5.79% and a net margin of 37.86%.The firm had revenue of $2.25 billion during the quarter, compared to the consensus estimate of $2.09 billion. During the same quarter last year, the company posted $1.42 EPS. The company’s revenue for the quarter was up 7.8% on a year-over-year basis. Prologis has set its FY 2026 guidance at 6.000-6.200 EPS. As a group, equities analysts anticipate that Prologis, Inc. will post 5.73 EPS for the current fiscal year.

Prologis Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 17th were given a dividend of $1.07 per share. The ex-dividend date was Tuesday, March 17th. This is a boost from Prologis’s previous quarterly dividend of $1.01. This represents a $4.28 annualized dividend and a yield of 3.2%. Prologis’s dividend payout ratio (DPR) is presently 120.56%.

Prologis Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Prologis (NYSE:PLD)

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