QRG Capital Management Inc. Acquires 10,851 Shares of Prologis, Inc. $PLD

QRG Capital Management Inc. lifted its holdings in shares of Prologis, Inc. (NYSE:PLD - Free Report) by 11.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 109,004 shares of the real estate investment trust's stock after purchasing an additional 10,851 shares during the period. QRG Capital Management Inc.'s holdings in Prologis were worth $13,915,000 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. High Point Wealth Management LLC bought a new stake in shares of Prologis during the 4th quarter valued at about $26,000. Ares Financial Consulting LLC bought a new stake in shares of Prologis during the 4th quarter valued at about $26,000. Eagle Bay Advisors LLC bought a new stake in shares of Prologis during the 4th quarter valued at about $27,000. True Wealth Design LLC boosted its position in shares of Prologis by 87.1% during the 4th quarter. True Wealth Design LLC now owns 262 shares of the real estate investment trust's stock valued at $33,000 after purchasing an additional 122 shares in the last quarter. Finally, Silver Oak Securities Incorporated bought a new stake in shares of Prologis during the 3rd quarter valued at about $36,000. Institutional investors own 93.50% of the company's stock.

Prologis Stock Up 1.1%

PLD stock opened at $140.27 on Wednesday. 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 50 day simple moving average is $136.75 and its 200 day simple moving average is $131.76. The company has a market cap of $130.78 billion, a P/E ratio of 35.33, a price-to-earnings-growth ratio of 3.06 and a beta of 1.33. Prologis, Inc. has a fifty-two week low of $103.02 and a fifty-two week high of $145.44.

Prologis (NYSE:PLD - Get Free Report) last issued its quarterly earnings data on Thursday, April 16th. The real estate investment trust reported $1.05 EPS for the quarter, topping analysts' consensus estimates of $0.81 by $0.24. The firm had revenue of $2.30 billion during the quarter, compared to analyst estimates of $2.12 billion. Prologis had a return on equity of 6.47% and a net margin of 41.54%.The company's revenue for the quarter was up 6.9% on a year-over-year basis. During the same period in the previous year, the company posted $1.43 EPS. Prologis has set its FY 2026 guidance at 6.070-6.230 EPS. On average, 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 disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 16th will be issued a dividend of $1.07 per share. This represents a $4.28 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date of this dividend is Tuesday, June 16th. Prologis's payout ratio is currently 107.81%.

Analyst Ratings Changes

PLD has been the topic of a number of research reports. BTIG Research reaffirmed a "buy" rating and set a $155.00 price target on shares of Prologis in a research note on Wednesday, April 15th. Evercore set a $135.00 price target on Prologis in a research note on Friday, April 17th. Citigroup upped their price target on Prologis from $145.00 to $165.00 and gave the stock a "buy" rating in a research note on Tuesday, April 21st. The Goldman Sachs Group reaffirmed a "neutral" rating and set a $157.00 price target on shares of Prologis in a research note on Friday, April 17th. Finally, Scotiabank upped their price target on Prologis from $146.00 to $154.00 and gave the stock an "outperform" rating in a research note on Tuesday, April 21st. Fifteen investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, the company 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.

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