Generali Asset Management SPA SGR Decreases Position in Prologis, Inc. $PLD

Key Points

• Generali Asset Management cut its stake in Prologis by 10.4% in Q4, selling 10,389 shares and finishing the quarter with 89,925 shares valued at $11.48 million.
• Prologis beat Q1 estimates, reporting $1.05 EPS versus $0.81 expected and $2.30 billion in revenue versus $2.12 billion, and set FY2026 guidance of $6.070–6.230 EPS (consensus ~6.17).
• The firm announced a quarterly dividend of $1.07 (annualized $4.28, ~3.0% yield), while analysts hold a Moderate Buy consensus with an average price target of $149.76 after several upward revisions (Citigroup at $165).

Generali Asset Management SPA SGR lessened its holdings in shares of Prologis, Inc. (NYSE:PLD - Free Report) by 10.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 89,925 shares of the real estate investment trust's stock after selling 10,389 shares during the period. Generali Asset Management SPA SGR's holdings in Prologis were worth $11,480,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Ares Financial Consulting LLC purchased a new stake in shares of Prologis during the 4th quarter valued at $26,000. High Point Wealth Management LLC acquired a new position in shares of Prologis in the 4th quarter valued at $26,000. Eagle Bay Advisors LLC acquired a new position in shares of Prologis in the 4th quarter valued at $27,000. True Wealth Design LLC increased its position in shares of Prologis by 87.1% in the 4th quarter. True Wealth Design LLC now owns 262 shares of the real estate investment trust's stock valued at $33,000 after acquiring an additional 122 shares during the period. Finally, FNY Investment Advisers LLC acquired a new position in shares of Prologis in the 4th quarter valued at $38,000. Hedge funds and other institutional investors own 93.50% of the company's stock.

Prologis Trading Down 0.3%

Shares of Prologis stock opened at $142.46 on Friday. The firm has a market capitalization of $132.82 billion, a PE ratio of 35.88, a P/E/G ratio of 3.15 and a beta of 1.33. Prologis, Inc. has a twelve month low of $103.02 and a twelve month high of $145.44. The firm's 50-day moving average price is $136.83 and its 200 day moving average price is $132.04. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.60.

Prologis (NYSE:PLD - Get Free Report) last issued its quarterly earnings results on Thursday, April 16th. The real estate investment trust reported $1.05 earnings per share for the quarter, beating analysts' consensus estimates of $0.81 by $0.24. The firm had revenue of $2.30 billion for the quarter, compared to analyst estimates of $2.12 billion. Prologis had a net margin of 41.54% and a return on equity of 6.47%. Prologis's quarterly revenue was up 6.9% compared to the same quarter last year. During the same period last year, the company posted $1.43 EPS. Prologis has set its FY 2026 guidance at 6.070-6.230 EPS. On average, sell-side analysts predict that Prologis, Inc. will post 6.17 EPS for the current fiscal year.

Prologis Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 16th will be paid a $1.07 dividend. This represents a $4.28 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend is Tuesday, June 16th. Prologis's dividend payout ratio (DPR) is 107.81%.

Analyst Ratings Changes

PLD has been the topic of several research reports. Scotiabank upped their target price on Prologis from $146.00 to $154.00 and gave the company an "outperform" rating in a research report on Tuesday, April 21st. Freedom Capital downgraded Prologis from a "strong-buy" rating to a "hold" rating in a research report on Friday, January 23rd. Truist Financial upped their target price on Prologis from $139.00 to $154.00 and gave the company a "buy" rating in a research report on Friday, April 24th. Robert W. Baird increased their price target on Prologis from $133.00 to $136.00 and gave the stock a "neutral" rating in a research report on Friday, April 17th. Finally, Citigroup increased their price target on Prologis from $145.00 to $165.00 and gave the stock a "buy" rating in a research report on Tuesday, April 21st. Sixteen research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $149.76.

Prologis Company Profile

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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