Orange Investment Advisors Inc. Has $3.62 Million Stake in Prologis, Inc. $PLD

Orange Investment Advisors Inc. lowered its position in shares of Prologis, Inc. (NYSE:PLD) by 17.4% during the first quarter, Holdings Channel.com reports. The firm owned 27,366 shares of the real estate investment trust’s stock after selling 5,746 shares during the quarter. Orange Investment Advisors Inc.’s holdings in Prologis were worth $3,617,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in PLD. Red Door Wealth Management LLC lifted its holdings in Prologis by 0.7% during the 1st quarter. Red Door Wealth Management LLC now owns 46,727 shares of the real estate investment trust’s stock worth $6,176,000 after purchasing an additional 302 shares during the last quarter. Patriot Financial Group Insurance Agency LLC acquired a new position in Prologis in the 1st quarter valued at $480,000. Cornerstone Wealth Group LLC grew its holdings in Prologis by 6.7% in the 1st quarter. Cornerstone Wealth Group LLC now owns 1,791 shares of the real estate investment trust’s stock valued at $254,000 after buying an additional 112 shares in the last quarter. Fort Washington Investment Advisors Inc. OH bought a new position in Prologis during the 1st quarter worth $28,068,000. Finally, Border to Coast Pensions Partnership Ltd increased its position in Prologis by 250.0% during the 1st quarter. Border to Coast Pensions Partnership Ltd now owns 105,000 shares of the real estate investment trust’s stock worth $13,921,000 after buying an additional 75,000 shares during the period. 93.50% of the stock is owned by institutional investors and hedge funds.

Prologis Stock Performance

NYSE:PLD opened at $140.11 on Monday. The company has a market cap of $130.63 billion, a price-to-earnings ratio of 35.29, a PEG ratio of 3.04 and a beta of 1.32. Prologis, Inc. has a fifty-two week low of $103.41 and a fifty-two week high of $150.18. 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 has a fifty day moving average price of $143.31 and a 200-day moving average price of $136.59.

Prologis (NYSE:PLD) last issued its quarterly earnings results 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 company had revenue of $2.30 billion for the quarter, compared to analysts’ expectations of $2.12 billion. Prologis had a return on equity of 6.47% and a net margin of 41.54%.Prologis’s revenue was up 6.9% on a year-over-year basis. During the same quarter last year, the business earned $1.43 earnings per share. Prologis has set its FY 2026 guidance at 6.070-6.230 EPS. As a group, equities analysts anticipate that Prologis, Inc. will post 6.17 EPS for the current fiscal year.

Prologis Announces Dividend

The company 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 3.1%. The ex-dividend date of this dividend is Tuesday, June 16th. Prologis’s dividend payout ratio (DPR) is currently 107.81%.

Wall Street Analysts Forecast Growth

PLD has been the subject of a number of research reports. The Goldman Sachs Group reissued a “neutral” rating and set a $157.00 target price on shares of Prologis in a report on Friday, April 17th. Morgan Stanley raised their price target on shares of Prologis from $135.00 to $151.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 26th. Jefferies Financial Group dropped their price objective on shares of Prologis from $157.00 to $155.00 and set a “buy” rating for the company in a research note on Tuesday, April 14th. Royal Bank Of Canada boosted their price objective on shares of Prologis from $135.00 to $148.00 and gave the company a “sector perform” rating in a report on Tuesday, April 28th. Finally, Wall Street Zen lowered shares of Prologis from a “hold” rating to a “sell” rating in a research report on Saturday. Fifteen equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Prologis has an average rating of “Moderate Buy” and a consensus target price of $151.48.

Insider Buying and Selling

In other news, CFO Timothy D. Arndt sold 3,597 shares of the business’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $150.00, for a total value of $539,550.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.52% of the stock is currently owned by corporate insiders.

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.