10,535,587 Shares in Prologis, Inc. $PLD Acquired by Bank of America Corp DE

Key Points

• Bank of America acquired 10.54 million Prologis shares worth approximately $1.43 billion, giving it a 1.13% stake. Institutional investors collectively own 93.5% of the REIT.
• Prologis exceeded quarterly expectations, reporting $1.13 in EPS versus the $0.75 consensus and $2.43 billion in revenue, up 11% year over year. The company reaffirmed fiscal 2026 EPS guidance of $6.22–$6.30.
• Prologis declared a quarterly dividend of $1.07, equivalent to $4.28 annually and a 3.2% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $154.52, compared with the stock’s reported $135.08 price.

Bank of America Corp DE bought a new stake in Prologis, Inc. (NYSE:PLD - Free Report) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 10,535,587 shares of the real estate investment trust's stock, valued at approximately $1,427,256,000. Bank of America Corp DE owned 1.13% of Prologis as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of PLD. BlackRock Inc. acquired a new position in Prologis during the 2nd quarter valued at approximately $14,006,587,000. Norges Bank acquired a new stake in Prologis in the fourth quarter worth $1,589,125,000. Legal & General Group Plc bought a new stake in Prologis in the second quarter valued at $1,473,965,000. Cardano Risk Management B.V. lifted its stake in Prologis by 999.3% in the fourth quarter. Cardano Risk Management B.V. now owns 11,228,730 shares of the real estate investment trust's stock valued at $1,433,460,000 after buying an additional 10,207,267 shares during the last quarter. Finally, Deutsche Bank AG acquired a new position in shares of Prologis during the second quarter valued at $968,959,000. Institutional investors and hedge funds own 93.50% of the company's stock.

Prologis Stock Down 0.5%

PLD stock opened at $135.08 on Tuesday. Prologis, Inc. has a 12 month low of $111.03 and a 12 month high of $153.35. The firm has a market cap of $126.04 billion, a PE ratio of 30.09 and a beta of 1.30. The firm has a 50 day simple moving average of $141.80 and a 200 day simple moving average of $140.41. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.70 and a quick ratio of 0.70.

Prologis (NYSE:PLD - Get Free Report) last posted its quarterly earnings results on Thursday, July 16th. The real estate investment trust reported $1.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.75 by $0.38. The firm had revenue of $2.43 billion for the quarter, compared to analyst estimates of $2.16 billion. Prologis had a net margin of 45.79% and a return on equity of 7.29%. The firm's quarterly revenue was up 11.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.46 earnings per share. Prologis has set its FY 2026 guidance at 6.220-6.300 EPS. Equities research analysts forecast that Prologis, Inc. will post 6.27 earnings per share for the current fiscal year.

Prologis Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Wednesday, September 16th will be paid a $1.07 dividend. The ex-dividend date of this dividend is Wednesday, September 16th. This represents a $4.28 dividend on an annualized basis and a yield of 3.2%. Prologis's dividend payout ratio (DPR) is currently 95.32%.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. Raymond James Financial started coverage on shares of Prologis in a research report on Thursday, June 18th. They issued a "market perform" rating on the stock. BMO Capital Markets dropped their price target on shares of Prologis from $162.00 to $158.00 and set an "outperform" rating on the stock in a research note on Monday, June 29th. Truist Financial raised their price target on shares of Prologis from $154.00 to $162.00 and gave the company a "buy" rating in a research note on Tuesday, July 21st. Scotiabank lifted their price target on Prologis from $146.00 to $150.00 and gave the company a "sector perform" rating in a report on Thursday, July 23rd. Finally, Wells Fargo & Company reduced their price objective on Prologis from $167.00 to $166.00 and set an "overweight" rating for the company in a research report on Tuesday, September 1st. Sixteen equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $154.52.

Prologis Profile

Prologis, Inc is a global real estate investment trust (REIT) that owns, develops, acquires and manages logistics and industrial properties. Its portfolio is designed to support supply-chain operations and includes distribution centers, warehouses, fulfillment facilities and other industrial buildings used by manufacturers, retailers, transportation companies and logistics providers.

The company also provides related property and business services, including facility management, leasing, development and customer-focused solutions through its Prologis Essentials platform.

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