Clark Capital Management Group Inc. Purchases 10,396 Shares of Prologis, Inc. $PLD

Key Points

• Clark Capital Management Group Inc. increased its stake in Prologis (PLD) by 10,396 shares in the quarter, bringing its total to 764,193 shares (about 0.08% of the company) valued at roughly $87.5 million.
• Prologis reported Q results with $1.44 EPS (in line) and $2.25B revenue (beat), set FY2026 guidance of 6.00–6.20 EPS, and raised its quarterly dividend to $1.07 (annualized $4.28, ~3.2% yield).
• Analyst sentiment is generally positive with 14 Buys and 7 Holds, an average target price of $137.20, and several recent target upgrades from firms like BNP Paribas Exane and Jefferies.

Clark Capital Management Group Inc. lifted its position in shares of Prologis, Inc. (NYSE:PLD - Free Report) by 1.4% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 764,193 shares of the real estate investment trust's stock after buying an additional 10,396 shares during the quarter. Clark Capital Management Group Inc. owned approximately 0.08% of Prologis worth $87,515,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of PLD. Brighton Jones LLC boosted its stake in shares of Prologis by 629.0% in the fourth quarter. Brighton Jones LLC now owns 17,475 shares of the real estate investment trust's stock worth $1,847,000 after acquiring an additional 15,078 shares during the period. Schnieders Capital Management LLC. raised its stake in Prologis by 45.4% during the 2nd quarter. Schnieders Capital Management LLC. now owns 10,728 shares of the real estate investment trust's stock valued at $1,128,000 after purchasing an additional 3,350 shares during the period. Campbell & CO Investment Adviser LLC raised its stake in Prologis by 29.3% during the 2nd quarter. Campbell & CO Investment Adviser LLC now owns 5,443 shares of the real estate investment trust's stock valued at $572,000 after purchasing an additional 1,233 shares during the period. Vise Technologies Inc. purchased a new position in Prologis in the 2nd quarter worth approximately $444,000. Finally, Massachusetts Financial Services Co. MA lifted its holdings in Prologis by 1.6% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 16,506,899 shares of the real estate investment trust's stock worth $1,735,205,000 after purchasing an additional 253,338 shares in the last quarter. Institutional investors own 93.50% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. BNP Paribas Exane increased their price objective on shares of Prologis from $129.00 to $140.00 and gave the company an "outperform" rating in a report on Wednesday, January 21st. Wall Street Zen downgraded shares of Prologis from a "hold" rating to a "sell" rating in a report on Saturday, February 7th. Morgan Stanley set a $135.00 target price on shares of Prologis in a research report on Friday, January 16th. Jefferies Financial Group raised their target price on shares of Prologis from $146.00 to $157.00 and gave the company a "buy" rating in a research note on Friday, February 20th. Finally, Barclays reiterated an "overweight" rating and issued a $139.00 price target on shares of Prologis in a research note on Tuesday, January 13th. Fourteen analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Prologis has an average rating of "Moderate Buy" and an average target price of $137.20.

Prologis Trading Down 0.1%

Shares of PLD opened at $131.73 on Friday. The company's fifty day simple moving average is $134.50 and its 200-day simple moving average is $126.26. The company has a market cap of $122.45 billion, a P/E ratio of 37.11, a P/E/G ratio of 3.12 and a beta of 1.41. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.61. Prologis, Inc. has a twelve month low of $85.35 and a twelve month high of $143.95.

Prologis (NYSE:PLD - Get Free Report) last released its quarterly earnings results on Wednesday, January 21st. The real estate investment trust reported $1.44 EPS for the quarter, hitting analysts' consensus estimates of $1.44. Prologis had a net margin of 37.86% and a return on equity of 5.79%. The firm had revenue of $2.25 billion during the quarter, compared to analysts' expectations of $2.09 billion. During the same period in the previous year, the company earned $1.42 EPS. The firm's revenue for the quarter was up 7.8% compared to the same quarter last year. Prologis has set its FY 2026 guidance at 6.000-6.200 EPS. As a group, analysts expect that Prologis, Inc. will post 5.73 EPS for the current year.

Prologis Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 17th will be issued a $1.07 dividend. The ex-dividend date is Tuesday, March 17th. This is a positive change from Prologis's previous quarterly dividend of $1.01. This represents a $4.28 annualized dividend and a dividend yield of 3.2%. Prologis's dividend payout ratio (DPR) is currently 120.56%.

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.

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