Harbour Investments Inc. Boosts Stock Position in Prologis, Inc. $PLD

by · The Cerbat Gem

Harbour Investments Inc. increased its holdings in Prologis, Inc. (NYSE:PLD – Free Report) by 121.6% during the 4th quarter, HoldingsChannel reports. The firm owned 25,233 shares of the real estate investment trust’s stock after buying an additional 13,848 shares during the period. Harbour Investments Inc.’s holdings in Prologis were worth $3,221,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in PLD. High Point Wealth Management LLC purchased a new stake in Prologis during the 4th quarter valued at $26,000. Ares Financial Consulting LLC bought a new stake in Prologis during the 4th quarter valued at about $26,000. Eagle Bay Advisors LLC bought a new stake in shares of Prologis during the fourth quarter valued at approximately $27,000. High Note Wealth LLC raised its position in Prologis by 43.9% during the 4th quarter. High Note Wealth LLC now owns 249 shares of the real estate investment trust’s stock valued at $32,000 after purchasing an additional 76 shares in the last quarter. Finally, True Wealth Design LLC raised 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 valued at $33,000 after acquiring an additional 122 shares in the last quarter. 93.50% of the stock is currently owned by hedge funds and other institutional investors.

Prologis Trading Down 0.3%

Shares of PLD stock opened at $146.55 on Thursday. Prologis, Inc. has a fifty-two week low of $103.41 and a fifty-two week high of $147.93. 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 stock’s fifty day moving average is $138.69 and its two-hundred day moving average is $133.90. The firm has a market capitalization of $136.63 billion, a P/E ratio of 36.91, a PEG ratio of 3.24 and a beta of 1.33.

Prologis (NYSE:PLD – Get Free Report) last released its earnings results 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 net margin of 41.54% and a return on equity of 6.47%. The business had revenue of $2.30 billion during the quarter, compared to analyst estimates of $2.12 billion. During the same quarter in the prior year, the firm earned $1.43 earnings per share. The company’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. Research analysts expect that Prologis, Inc. will post 6.17 earnings per share for the current fiscal year.

Prologis Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 16th will be issued a $1.07 dividend. This represents a $4.28 annualized dividend and a yield of 2.9%. The ex-dividend date is Tuesday, June 16th. Prologis’s dividend payout ratio is presently 107.81%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on PLD shares. JPMorgan Chase & Co. boosted their price objective on shares of Prologis from $141.00 to $157.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 21st. Scotiabank upped their price objective on shares of Prologis from $146.00 to $154.00 and gave the company an “outperform” rating in a report on Tuesday, April 21st. BNP Paribas Exane raised their target price on Prologis from $140.00 to $150.00 and gave the stock an “outperform” rating in a research note on Friday, April 17th. Mizuho raised their price target on shares of Prologis from $143.00 to $150.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 22nd. Finally, Wall Street Zen upgraded Prologis from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Sixteen equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $150.52.

Get Our Latest Research Report on Prologis

About Prologis

(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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