Cbre Investment Management Listed Real Assets LLC Buys 429,362 Shares of Prologis, Inc. $PLD

Key Points

• CBRE Investment Management Listed Real Assets LLC raised its stake in Prologis by 26.3% in Q3, buying 429,362 shares to hold 2,063,199 shares (about 0.22% of Prologis) and making PLD its fourth-largest position (~3.4% of the fund).
• Prologis reported Q results with $1.44 EPS (in line with estimates) and $2.25B revenue (above estimates, +7.8% YoY), set FY2026 guidance of 6.000–6.200 EPS, and raised its quarterly dividend to $1.07 (annualized $4.28, ~3.2% yield).
• Institutional ownership is high (about 93.5%), and analyst sentiment is broadly positive with a consensus rating of “Moderate Buy” and a consensus price target of $137.20 (14 Buys, 7 Holds).

Cbre Investment Management Listed Real Assets LLC raised its stake in Prologis, Inc. (NYSE:PLD - Free Report) by 26.3% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,063,199 shares of the real estate investment trust's stock after buying an additional 429,362 shares during the quarter. Prologis makes up approximately 3.4% of Cbre Investment Management Listed Real Assets LLC's investment portfolio, making the stock its 4th largest position. Cbre Investment Management Listed Real Assets LLC owned about 0.22% of Prologis worth $236,278,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Clayton Financial Group LLC acquired a new stake in Prologis during the third quarter worth about $26,000. Silver Oak Securities Incorporated acquired a new position in Prologis in the 3rd quarter valued at about $36,000. Rossby Financial LCC grew its stake in shares of Prologis by 69.6% in the 3rd quarter. Rossby Financial LCC now owns 329 shares of the real estate investment trust's stock valued at $38,000 after buying an additional 135 shares during the period. AlphaQuest LLC acquired a new stake in shares of Prologis during the 3rd quarter worth approximately $39,000. Finally, Clear Investment Research LLC increased its holdings in shares of Prologis by 34.5% during the 3rd quarter. Clear Investment Research LLC now owns 343 shares of the real estate investment trust's stock worth $39,000 after buying an additional 88 shares during the last quarter. 93.50% of the stock is owned by institutional investors and hedge funds.

Prologis Stock Down 1.3%

Prologis stock opened at $134.39 on Thursday. The firm has a market capitalization of $124.92 billion, a P/E ratio of 37.86, a P/E/G ratio of 3.22 and a beta of 1.41. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.61. Prologis, Inc. has a twelve month low of $85.35 and a twelve month high of $143.95. The stock's fifty day simple moving average is $134.37 and its 200-day simple moving average is $125.98.

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

Prologis Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 17th will be paid a $1.07 dividend. This represents a $4.28 annualized dividend and a dividend yield of 3.2%. The ex-dividend date is Tuesday, March 17th. This is a boost from Prologis's previous quarterly dividend of $1.01. Prologis's dividend payout ratio (DPR) is 120.56%.

Wall Street Analyst Weigh In

A number of research firms recently commented on PLD. Weiss Ratings reiterated a "buy (b-)" rating on shares of Prologis in a report on Monday, December 29th. Freedom Capital lowered Prologis from a "strong-buy" rating to a "hold" rating in a research report on Friday, January 23rd. Robert W. Baird restated a "neutral" rating and set a $130.00 price target (up from $128.00) on shares of Prologis in a research note on Thursday, January 8th. Argus lifted their price objective on Prologis from $128.00 to $135.00 and gave the company a "buy" rating in a research note on Thursday, January 22nd. Finally, The Goldman Sachs Group boosted their price objective on Prologis from $137.00 to $148.00 and gave the company a "neutral" rating in a report on Monday, February 9th. Fourteen investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $137.20.

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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