27,289 Prologis, Inc. $PLD Shares Bought by Banque Pictet & Cie SA

Key Points

• Banque Pictet & Cie SA increased its Prologis stake by 1,132.3% in the third quarter, adding 27,289 shares to hold 29,699 shares valued at approximately $3.86 million. Institutional investors collectively own 93.5% of the stock.
• Prologis reported quarterly earnings of $1.60 per share on $2.39 billion in revenue, surpassing analyst estimates and increasing revenue 7.8% year over year. Management maintained fiscal 2026 EPS guidance of $6.25 to $6.29.
• Analysts maintain a “Moderate Buy” consensus rating with an average price target of $153.82, while Prologis pays a $1.07 quarterly dividend, equivalent to a 3.4% annualized yield.

Banque Pictet & Cie SA lifted its holdings in shares of Prologis, Inc. (NYSE:PLD - Free Report) by 1,132.3% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 29,699 shares of the real estate investment trust's stock after acquiring an additional 27,289 shares during the quarter. Banque Pictet & Cie SA's holdings in Prologis were worth $3,856,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. Baird Financial Group Inc. grew its position in Prologis by 20.6% during the second quarter. Baird Financial Group Inc. now owns 122,809 shares of the real estate investment trust's stock valued at $16,637,000 after buying an additional 21,000 shares during the period. Callan Family Office LLC bought a new stake in Prologis in the second quarter worth about $3,394,000. BlackRock Inc. bought a new stake in Prologis in the second quarter worth about $14,006,587,000. Nykredit A S bought a new stake in Prologis in the second quarter worth about $40,490,000. Finally, AssuredPartners Investment Advisors LLC bought a new stake in Prologis in the second quarter worth about $3,436,000. 93.50% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the stock. Williams Trading set a $150.00 target price on shares of Prologis in a research report on Friday. Wall Street Zen upgraded shares of Prologis from a "sell" rating to a "hold" rating in a research note on Saturday, July 18th. Robert W. Baird set a $140.00 price target on shares of Prologis in a research note on Friday, July 31st. Mizuho lifted their price target on shares of Prologis from $150.00 to $159.00 and gave the stock an "outperform" rating in a report on Friday, July 17th. Finally, Barclays upped their price objective on Prologis from $139.00 to $156.00 and gave the company an "overweight" rating in a research note on Thursday, July 16th. Seventeen analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $153.82.

Prologis Stock Down 1.0%

PLD stock opened at $125.65 on Friday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.70 and a current ratio of 0.34. The company has a market capitalization of $117.24 billion, a price-to-earnings ratio of 27.74 and a beta of 1.31. Prologis, Inc. has a fifty-two week low of $121.17 and a fifty-two week high of $153.35. The stock has a fifty day moving average of $135.65 and a 200-day moving average of $139.84.

Prologis (NYSE:PLD - Get Free Report) last announced its quarterly earnings data on Thursday, October 15th. The real estate investment trust reported $1.60 earnings per share for the quarter, topping the consensus estimate of $0.78 by $0.82. Prologis had a return on equity of 7.28% and a net margin of 45.51%. The company had revenue of $2.39 billion during the quarter, compared to analyst estimates of $2.18 billion. During the same quarter last year, the firm posted $1.49 EPS. The firm's revenue for the quarter was up 7.8% on a year-over-year basis. Prologis has set its FY 2026 guidance at 6.250-6.290 EPS. As a group, equities research analysts predict that Prologis, Inc. will post 6.28 earnings per share for the current year.

Prologis Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 16th were given a dividend of $1.07 per share. This represents a $4.28 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date was Wednesday, September 16th. Prologis's dividend payout ratio (DPR) is currently 95.32%.

Trending Headlines about Prologis

Here are the key news stories impacting Prologis this week:

• Positive Sentiment: Prologis reported third-quarter core FFO of $1.60 per share, ahead of the $1.58 consensus estimate and up from $1.49 a year earlier. Revenue increased 7.8% year over year to $2.39 billion, while occupancy remained high at 95.4%. Prologis Q3 FFO and Revenues Top Estimates
• Positive Sentiment: Management cited healthy warehouse demand from e-commerce and data centers, a 38% increase in Prologis Share net effective rents, and a $1.024 billion development-start pipeline. Replacement-cost rents are reportedly 27% above current logistics-market rents, supporting long-term pricing power. Prologis: 3 Key Takeaways for Long-Term Investors
• Positive Sentiment: BTIG reiterated its Buy rating and assigned a $170 price target, arguing that the selloff provides an attractive entry point. The firm cited Prologis’ financial flexibility, global platform and external-growth pipeline as defenses against data-center challenges. Prologis Analyst Touts Ample Defenses Against Data Center Challenges
• Neutral Sentiment: Prologis maintained 2026 EPS guidance of $6.25 to $6.29, broadly in line with the $6.27 analyst consensus, but the narrower range and cautious commentary limited the benefit of the earnings beat. Prologis Cuts 2026 Guidance Despite Q3 Earnings Beat
• Negative Sentiment: Investors remain concerned about interest-rate volatility, development returns and Prologis’ 5.8-gigawatt data-center pipeline. Data-center supply-chain tenants represented 17% of U.S. leasing, increasing sensitivity to sector-specific demand and supply risks. PLD Q3 Earnings Call Highlights Rent Recovery and Rate Risks

About Prologis

Prologis, Inc is a global real estate investment trust that owns, develops, acquires and manages logistics properties. Its portfolio primarily includes warehouses, distribution centers and fulfillment facilities used by retailers, manufacturers, transportation companies and other businesses to support supply-chain operations and e-commerce.

The company also provides property management, development and leasing services, along with related supply-chain and customer solutions. Through its Prologis Essentials platform, it offers services and technologies designed to help customers improve warehouse operations, including energy, mobility and operational solutions.

Prologis serves major population centers and trade corridors across North America, Europe, Asia and Latin America.

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