Clark Capital Management Group Inc. Acquires 188,661 Shares of Prologis, Inc. $PLD

Clark Capital Management Group Inc. raised its holdings in shares of Prologis, Inc. (NYSE:PLD) by 24.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 952,854 shares of the real estate investment trust’s stock after purchasing an additional 188,661 shares during the period. Clark Capital Management Group Inc. owned 0.10% of Prologis worth $121,641,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Vanguard Group Inc. raised its position in Prologis by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 123,323,290 shares of the real estate investment trust’s stock valued at $15,743,451,000 after purchasing an additional 1,258,407 shares during the last quarter. Geode Capital Management LLC raised its position in Prologis by 1.5% during the 4th quarter. Geode Capital Management LLC now owns 23,012,940 shares of the real estate investment trust’s stock valued at $2,925,791,000 after purchasing an additional 339,906 shares during the last quarter. Capital Research Global Investors raised its position in Prologis by 4.4% during the 4th quarter. Capital Research Global Investors now owns 16,061,390 shares of the real estate investment trust’s stock valued at $2,050,397,000 after purchasing an additional 678,363 shares during the last quarter. Norges Bank bought a new position in Prologis during the 4th quarter valued at approximately $1,589,125,000. Finally, Charles Schwab Investment Management Inc. raised its position in Prologis by 4.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 11,639,644 shares of the real estate investment trust’s stock valued at $1,485,917,000 after purchasing an additional 516,765 shares during the last quarter. Institutional investors own 93.50% of the company’s stock.

Prologis Stock Performance

Prologis stock opened at $146.08 on Wednesday. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 0.60. The company has a market capitalization of $136.20 billion, a P/E ratio of 36.80, a PEG ratio of 3.27 and a beta of 1.32. The stock’s 50 day moving average is $142.52 and its 200 day moving average is $135.85. Prologis, Inc. has a twelve month low of $103.41 and a twelve month high of $150.18.

Prologis (NYSE:PLD) last posted its quarterly earnings results on Thursday, April 16th. The real estate investment trust reported $1.05 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.24. The company had revenue of $2.30 billion for the quarter, compared to the consensus estimate of $2.12 billion. Prologis had a return on equity of 6.47% and a net margin of 41.54%.The firm’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.43 EPS. Prologis has set its FY 2026 guidance at 6.070-6.230 EPS. On average, equities research analysts predict that Prologis, Inc. will post 6.18 earnings per share for the current fiscal year.

Prologis Announces Dividend

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

Wall Street Analysts Forecast Growth

PLD has been the subject of several research reports. Mizuho increased their target price on Prologis from $143.00 to $150.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 22nd. BNP Paribas Exane increased their target price on Prologis from $140.00 to $150.00 and gave the stock an “outperform” rating in a research report on Friday, April 17th. BMO Capital Markets raised Prologis from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $137.00 to $162.00 in a research report on Thursday, May 7th. UBS Group increased their target price on Prologis from $148.00 to $161.00 and gave the stock a “buy” rating in a research report on Friday, April 17th. Finally, Royal Bank Of Canada increased their target price on Prologis from $135.00 to $148.00 and gave the stock a “sector perform” rating in a research report on Tuesday, April 28th. Sixteen equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $151.86.

Prologis Company 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.