ING Groep NV lowered its stake in shares of Prologis, Inc. (NYSE:PLD – Free Report) by 28.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 84,258 shares of the real estate investment trust’s stock after selling 33,885 shares during the period. ING Groep NV’s holdings in Prologis were worth $10,756,000 as of its most recent SEC filing.
A number of other institutional investors also recently modified their holdings of the stock. Capital Research Global Investors boosted its stake in shares of 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 buying an additional 678,363 shares during the period. Capital International Sarl acquired a new stake in shares of Prologis in the 4th quarter valued at $667,000. Capital Group Private Client Services Inc. acquired a new stake in shares of Prologis in the 4th quarter valued at $208,000. Dearborn Partners LLC lifted its stake in shares of Prologis by 4.2% in the 4th quarter. Dearborn Partners LLC now owns 1,969 shares of the real estate investment trust’s stock valued at $251,000 after purchasing an additional 79 shares during the last quarter. Finally, Cookson Peirce & Co. Inc. lifted its stake in shares of Prologis by 50.3% in the 4th quarter. Cookson Peirce & Co. Inc. now owns 9,689 shares of the real estate investment trust’s stock valued at $1,237,000 after purchasing an additional 3,243 shares during the last quarter. Institutional investors and hedge funds own 93.50% of the company’s stock.
Analysts Set New Price Targets
Several equities research analysts recently issued reports on PLD shares. Wall Street Zen raised shares of Prologis from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. BTIG Research reaffirmed a “buy” rating and issued a $155.00 price objective on shares of Prologis in a research note on Wednesday, April 15th. UBS Group lifted their price objective on shares of Prologis from $148.00 to $161.00 and gave the company a “buy” rating in a research note on Friday, April 17th. Robert W. Baird lifted their price objective on shares of Prologis from $133.00 to $136.00 and gave the company a “neutral” rating in a research note on Friday, April 17th. Finally, Argus lifted their price objective on shares of Prologis from $135.00 to $152.00 and gave the company a “buy” rating in a research note on Friday, April 17th. Sixteen analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $151.86.
Prologis Stock Performance
Shares of PLD opened at $144.69 on Monday. The company has a market capitalization of $134.90 billion, a PE ratio of 36.45, a price-to-earnings-growth ratio of 3.18 and a beta of 1.32. Prologis, Inc. has a one year low of $103.41 and a one year high of $147.93. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.51 and a quick ratio of 0.51. The company’s fifty day moving average price is $140.40 and its 200 day moving average price is $134.80.
Prologis (NYSE:PLD – Get Free Report) last announced its earnings results on Thursday, April 16th. The real estate investment trust reported $1.05 EPS for the quarter, topping the consensus estimate of $0.81 by $0.24. The firm had revenue of $2.30 billion for the quarter, compared to the consensus estimate of $2.12 billion. Prologis had a net margin of 41.54% and a return on equity of 6.47%. The business’s quarterly revenue was up 6.9% on a year-over-year basis. During the same quarter last year, the firm posted $1.43 EPS. Prologis has set its FY 2026 guidance at 6.070-6.230 EPS. As a group, analysts expect that Prologis, Inc. will post 6.18 earnings per share for the current year.
Prologis Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 16th will be issued a $1.07 dividend. This represents a $4.28 annualized dividend and a yield of 3.0%. The ex-dividend date is Tuesday, June 16th. Prologis’s dividend payout ratio (DPR) is 107.81%.
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.
Featured Stories
- Five stocks we like better than Prologis
- These 3 Insurance Stocks Made New 52-Week Highs: Still Time to Buy?
- 3 Stocks Under $20 to Buy Before a Broader Market Rally
- Petco Faces Tough Competition, But Momentum Is Building
- The Lock-In Effect Is Real—These 3 Homebuilders Are Betting on It
Want to see what other hedge funds are holding PLD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Prologis, Inc. (NYSE:PLD – Free Report).
Receive News & Ratings for Prologis Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Prologis and related companies with MarketBeat.com's FREE daily email newsletter.
