Turtle Creek Wealth Advisors LLC Buys 5,199 Shares of Prologis, Inc. $PLD

Turtle Creek Wealth Advisors LLC lifted its stake in Prologis, Inc. (NYSE:PLD) by 15.0% during the fourth quarter, HoldingsChannel reports. The firm owned 39,828 shares of the real estate investment trust’s stock after purchasing an additional 5,199 shares during the period. Turtle Creek Wealth Advisors LLC’s holdings in Prologis were worth $5,084,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Clayton Financial Group LLC bought a new position in shares of Prologis in the third quarter worth about $26,000. Eagle Bay Advisors LLC bought a new position in shares of Prologis in the fourth quarter worth about $27,000. True Wealth Design LLC grew its holdings in shares of Prologis by 87.1% in the fourth quarter. True Wealth Design LLC now owns 262 shares of the real estate investment trust’s stock worth $33,000 after purchasing an additional 122 shares during the last quarter. Silver Oak Securities Incorporated bought a new position in shares of Prologis in the third quarter worth about $36,000. Finally, Rossby Financial LCC grew its holdings in shares of Prologis by 69.6% in the third quarter. Rossby Financial LCC now owns 329 shares of the real estate investment trust’s stock worth $38,000 after purchasing an additional 135 shares during the last quarter. 93.50% of the stock is currently owned by institutional investors.

Prologis Stock Up 0.7%

NYSE:PLD opened at $142.40 on Friday. The company has a current ratio of 0.16, a quick ratio of 0.58 and a debt-to-equity ratio of 0.60. Prologis, Inc. has a twelve month low of $100.22 and a twelve month high of $145.44. The company has a market cap of $132.75 billion, a PE ratio of 35.87, a P/E/G ratio of 3.13 and a beta of 1.40. The company’s 50 day moving average is $136.63 and its two-hundred day moving average is $130.48.

Prologis (NYSE:PLD) last issued its quarterly earnings results on Thursday, April 16th. The real estate investment trust reported $1.05 earnings per share (EPS) 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 6.46%. The business had revenue of $2.30 billion for the quarter, compared to analyst estimates of $2.12 billion. During the same quarter in the prior year, the business posted $1.43 EPS. Prologis’s revenue for the quarter was up 6.9% compared to the same quarter last year. Prologis has set its FY 2026 guidance at 6.070-6.230 EPS. Analysts anticipate that Prologis, Inc. will post 6.15 EPS for the current year.

Prologis Increases Dividend

The firm also recently declared 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 of this dividend was Tuesday, March 17th. This represents a $4.28 dividend on an annualized basis and a yield of 3.0%. This is a boost from Prologis’s previous quarterly dividend of $1.01. Prologis’s payout ratio is 107.81%.

Analyst Ratings Changes

PLD has been the topic of a number of research analyst reports. Mizuho upped their price target on shares of Prologis from $143.00 to $150.00 and gave the stock an “outperform” rating in a report on Wednesday. Truist Financial dropped their target price on shares of Prologis from $142.00 to $139.00 and set a “buy” rating on the stock in a report on Monday, January 26th. Weiss Ratings cut shares of Prologis from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, April 16th. The Goldman Sachs Group reiterated a “neutral” rating and set a $157.00 target price on shares of Prologis in a report on Friday, April 17th. Finally, Barclays reiterated an “overweight” rating and set a $139.00 target price on shares of Prologis in a report on Tuesday, January 13th. Fourteen investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Prologis presently has an average rating of “Moderate Buy” and an average price target of $146.57.

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.