Baillie Gifford & Co. Sells 10,463 Shares of Prologis, Inc. $PLD

Key Points

• Baillie Gifford & Co. reduced its stake in Prologis by 20%, selling 10,463 shares and ending the quarter with 41,787 shares worth about $5.34 million.
• Prologis reported quarterly EPS of $1.44 (in line with estimates) and revenue of $2.25 billion (ahead of estimates), and provided FY2026 EPS guidance of 6.00–6.20.
• Several analysts have raised price targets recently, and the stock carries a consensus rating of Moderate Buy with a consensus price target of $138.16.

Baillie Gifford & Co. lowered its position in Prologis, Inc. (NYSE:PLD - Free Report) by 20.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 41,787 shares of the real estate investment trust's stock after selling 10,463 shares during the period. Baillie Gifford & Co.'s holdings in Prologis were worth $5,335,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of PLD. Clayton Financial Group LLC bought a new stake in shares of Prologis in the third quarter worth $26,000. True Wealth Design LLC grew its holdings in shares of Prologis by 87.1% in the fourth quarter. True Wealth Design LLC now owns 262 shares of the real estate investment trust's stock worth $33,000 after acquiring an additional 122 shares during the period. Silver Oak Securities Incorporated bought a new stake in shares of Prologis in the third quarter worth $36,000. Rossby Financial LCC grew its holdings in Prologis by 69.6% during the third quarter. Rossby Financial LCC now owns 329 shares of the real estate investment trust's stock valued at $38,000 after purchasing an additional 135 shares during the period. Finally, FNY Investment Advisers LLC bought a new stake in Prologis during the fourth quarter valued at about $38,000. Institutional investors own 93.50% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. BTIG Research boosted their price target on Prologis from $134.00 to $155.00 and gave the company a "buy" rating in a report on Wednesday, December 31st. Argus boosted their price target on Prologis from $128.00 to $135.00 and gave the company a "buy" rating in a report on Thursday, January 22nd. UBS Group boosted their price target on Prologis from $144.00 to $148.00 and gave the company a "buy" rating in a report on Thursday, January 22nd. Evercore boosted their price target on Prologis from $118.00 to $121.00 and gave the company an "in-line" rating in a report on Thursday, January 22nd. Finally, Royal Bank Of Canada boosted their price target on Prologis from $132.00 to $135.00 and gave the company a "sector perform" rating in a report on Monday, February 2nd. Thirteen investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $138.16.

Prologis Stock Performance

NYSE PLD opened at $138.37 on Wednesday. The firm has a market cap of $128.99 billion, a price-to-earnings ratio of 38.98, a price-to-earnings-growth ratio of 3.24 and a beta of 1.40. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.61. The business has a 50-day moving average price of $135.91 and a 200-day moving average price of $129.36. Prologis, Inc. has a twelve month low of $97.10 and a twelve month high of $143.95.

Prologis (NYSE:PLD - Get Free Report) last released its quarterly earnings data on Wednesday, January 21st. The real estate investment trust reported $1.44 earnings per share for the quarter, hitting analysts' consensus estimates of $1.44. The firm had revenue of $2.25 billion during the quarter, compared to analyst estimates of $2.09 billion. Prologis had a return on equity of 5.79% and a net margin of 37.86%.The business's quarterly revenue was up 7.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.42 earnings per share. Prologis has set its FY 2026 guidance at 6.000-6.200 EPS. As a group, equities research analysts predict that Prologis, Inc. will post 5.73 EPS for the current fiscal year.

Prologis Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 17th were paid a $1.07 dividend. This represents a $4.28 dividend on an annualized basis and a dividend yield of 3.1%. This is a positive change from Prologis's previous quarterly dividend of $1.01. The ex-dividend date of this dividend was Tuesday, March 17th. Prologis's dividend payout ratio is currently 120.56%.

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.

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