Pictet Asset Management Holding SA Sells 37,187 Shares of Prologis, Inc. $PLD

Key Points

• Pictet Asset Management sold 37,187 shares of Prologis in Q4, trimming its position by 3% to 1,220,018 shares — roughly $155.75 million, or about 0.13% of the company.
• Prologis beat Q1 estimates, reporting $1.05 EPS vs. $0.81 expected and $2.30B revenue vs. $2.12B, and set FY2026 guidance of $6.07–$6.23 per share (analysts’ consensus ~6.16).
• Dividend raised to $1.07 quarterly ($4.28 annualized) for a ~3.1% yield, with a payout ratio of about 107.8%.

Pictet Asset Management Holding SA lowered its position in Prologis, Inc. (NYSE:PLD - Free Report) by 3.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,220,018 shares of the real estate investment trust's stock after selling 37,187 shares during the quarter. Pictet Asset Management Holding SA owned approximately 0.13% of Prologis worth $155,747,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. High Point Wealth Management LLC bought a new position in Prologis in the fourth quarter worth approximately $26,000. Eagle Bay Advisors LLC bought a new position in Prologis in the fourth quarter worth approximately $27,000. True Wealth Design LLC grew its stake in 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 purchasing an additional 122 shares in the last quarter. Silver Oak Securities Incorporated bought a new position in Prologis in the third quarter worth approximately $36,000. Finally, Rossby Financial LCC grew its stake in Prologis by 69.6% in the third quarter. Rossby Financial LCC now owns 329 shares of the real estate investment trust's stock worth $38,000 after purchasing an additional 135 shares in the last quarter. Institutional investors own 93.50% of the company's stock.

Prologis Stock Down 1.4%

Shares of NYSE PLD opened at $140.11 on Tuesday. The company has a current ratio of 0.16, a quick ratio of 0.58 and a debt-to-equity ratio of 0.60. The stock has a market capitalization of $130.61 billion, a PE ratio of 35.29, a price-to-earnings-growth ratio of 3.13 and a beta of 1.40. The stock's fifty day simple moving average is $136.72 and its two-hundred day simple moving average is $131.05. Prologis, Inc. has a 12-month low of $100.22 and a 12-month high of $145.44.

Prologis (NYSE:PLD - Get Free Report) last announced its earnings results on Thursday, April 16th. The real estate investment trust reported $1.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.24. The business had revenue of $2.30 billion for the quarter, compared to analysts' expectations of $2.12 billion. Prologis had a return on equity of 6.46% and a net margin of 41.54%.The business's revenue for the quarter was up 6.9% on a year-over-year basis. During the same quarter last year, the firm earned $1.43 EPS. Prologis has set its FY 2026 guidance at 6.070-6.230 EPS. As a group, analysts expect that Prologis, Inc. will post 6.16 EPS for the current fiscal year.

Prologis Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 17th were given a dividend of $1.07 per share. This is a boost from Prologis's previous quarterly dividend of $1.01. The ex-dividend date of this dividend was Tuesday, March 17th. This represents a $4.28 annualized dividend and a yield of 3.1%. Prologis's payout ratio is 107.81%.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. Argus increased their price objective on Prologis from $135.00 to $152.00 and gave the stock a "buy" rating in a research note on Friday, April 17th. Truist Financial increased their price objective on Prologis from $139.00 to $154.00 and gave the stock a "buy" rating in a research note on Friday. Scotiabank increased their price objective on Prologis from $146.00 to $154.00 and gave the stock an "outperform" rating in a research note on Tuesday, April 21st. Freedom Capital cut Prologis from a "strong-buy" rating to a "hold" rating in a research report on Friday, January 23rd. Finally, Morgan Stanley set a $135.00 target price on Prologis in a research report on Friday, January 16th. Fourteen analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $147.29.

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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