Bamco Inc. NY Raises Stock Position in Prologis, Inc. $PLD

Key Points

• Bamco Inc. NY raised its Prologis stake by 12.5% to 891,522 shares (about $102.1M), and institutional investors now own roughly 93.5% of the company.
• Recent analyst activity includes multiple price-target increases and a consensus rating of Moderate Buy with an average target of $137.20.
• Prologis reported EPS of $1.44 and revenue of $2.25B (beating estimates), set FY2026 guidance of $6.00–6.20 EPS, and raised its quarterly dividend to $1.07 (3.2% yield) despite a high payout ratio (~120.6%).

Bamco Inc. NY lifted its position in Prologis, Inc. (NYSE:PLD - Free Report) by 12.5% in the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 891,522 shares of the real estate investment trust's stock after purchasing an additional 98,888 shares during the period. Bamco Inc. NY owned 0.10% of Prologis worth $102,097,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Norges Bank bought a new stake in Prologis during the 2nd quarter valued at $1,288,936,000. Franklin Resources Inc. grew its position in shares of Prologis by 216.0% during the 2nd quarter. Franklin Resources Inc. now owns 10,050,843 shares of the real estate investment trust's stock worth $1,056,545,000 after buying an additional 6,870,479 shares in the last quarter. State Street Corp increased its stake in shares of Prologis by 1.9% during the second quarter. State Street Corp now owns 58,640,842 shares of the real estate investment trust's stock valued at $6,164,325,000 after buying an additional 1,088,544 shares during the period. Amundi increased its stake in shares of Prologis by 22.0% during the third quarter. Amundi now owns 5,651,563 shares of the real estate investment trust's stock valued at $661,968,000 after buying an additional 1,020,819 shares during the period. Finally, Federated Hermes Inc. increased its stake in shares of Prologis by 30.3% during the third quarter. Federated Hermes Inc. now owns 4,256,236 shares of the real estate investment trust's stock valued at $487,424,000 after buying an additional 988,986 shares during the period. Institutional investors own 93.50% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. BNP Paribas Exane upped their price objective on shares of Prologis from $129.00 to $140.00 and gave the stock an "outperform" rating in a research note on Wednesday, January 21st. BMO Capital Markets reissued a "market perform" rating and set a $123.00 target price on shares of Prologis in a research report on Thursday, January 22nd. The Goldman Sachs Group boosted their price target on shares of Prologis from $137.00 to $148.00 and gave the company a "neutral" rating in a report on Monday, February 9th. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Prologis in a research report on Monday, December 29th. Finally, UBS Group increased their price objective on shares of Prologis from $144.00 to $148.00 and gave the company a "buy" rating in a research note on Thursday, January 22nd. Fourteen research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $137.20.

Prologis Price Performance

Shares of PLD stock opened at $131.73 on Friday. The stock's 50-day moving average is $134.50 and its 200 day moving average is $126.26. Prologis, Inc. has a 1-year low of $85.35 and a 1-year high of $143.95. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.58 and a quick ratio of 0.58. The company has a market cap of $122.45 billion, a P/E ratio of 37.11, a PEG ratio of 3.12 and a beta of 1.41.

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

Prologis Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 17th will be paid a dividend of $1.07 per share. This is a boost from Prologis's previous quarterly dividend of $1.01. The ex-dividend date is Tuesday, March 17th. This represents a $4.28 annualized dividend and a dividend yield of 3.2%. Prologis's dividend payout ratio (DPR) is presently 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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