Intact Investment Management Inc. Boosts Holdings in Prologis, Inc. $PLD

Intact Investment Management Inc. increased its holdings in Prologis, Inc. (NYSE:PLD) by 64.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 21,700 shares of the real estate investment trust’s stock after buying an additional 8,500 shares during the quarter. Intact Investment Management Inc.’s holdings in Prologis were worth $2,770,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Ares Financial Consulting LLC purchased a new position in shares of Prologis in the fourth quarter worth approximately $26,000. High Point Wealth Management LLC purchased a new position in shares of Prologis in the fourth quarter worth approximately $26,000. Eagle Bay Advisors LLC purchased a new position in shares of Prologis in the fourth quarter worth approximately $27,000. True Wealth Design LLC boosted 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 buying an additional 122 shares during the last quarter. Finally, FNY Investment Advisers LLC purchased a new position in shares of Prologis in the fourth quarter worth approximately $38,000. Hedge funds and other institutional investors own 93.50% of the company’s stock.

Prologis Price Performance

PLD stock opened at $138.73 on Tuesday. Prologis, Inc. has a one year low of $103.02 and a one year high of $145.44. The company’s fifty day moving average price is $136.77 and its 200-day moving average price is $131.63. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.51 and a current ratio of 0.51. The company has a market capitalization of $129.33 billion, a PE ratio of 34.94, a price-to-earnings-growth ratio of 3.12 and a beta of 1.33.

Prologis (NYSE:PLD) last released its earnings results on Thursday, April 16th. The real estate investment trust reported $1.05 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $2.12 billion. During the same quarter in the previous year, the firm earned $1.43 earnings per share. The company’s quarterly 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. On average, equities analysts anticipate that Prologis, Inc. will post 6.17 EPS for the current fiscal year.

Prologis Dividend Announcement

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 issued a $1.07 dividend. This represents a $4.28 annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend is Tuesday, June 16th. Prologis’s payout ratio is 107.81%.

Analyst Ratings Changes

A number of research firms recently issued reports on PLD. Citigroup raised their price objective on shares of Prologis from $145.00 to $165.00 and gave the stock a “buy” rating in a report on Tuesday, April 21st. JPMorgan Chase & Co. raised their price objective on shares of Prologis from $141.00 to $157.00 and gave the stock an “overweight” rating in a report on Tuesday, April 21st. Wall Street Zen downgraded shares of Prologis from a “hold” rating to a “sell” rating in a report on Sunday, April 26th. UBS Group lifted their price target on shares of Prologis from $148.00 to $161.00 and gave the company a “buy” rating in a report on Friday, April 17th. Finally, Truist Financial lifted their price target on shares of Prologis from $139.00 to $154.00 and gave the company a “buy” rating in a report on Friday, April 24th. Fifteen equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $147.90.

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.