S Bank Fund Management Ltd increased its stake in shares of Prologis, Inc. (NYSE:PLD - Free Report) by 43.6% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 111,475 shares of the real estate investment trust's stock after acquiring an additional 33,844 shares during the period. Prologis makes up approximately 1.8% of S Bank Fund Management Ltd's holdings, making the stock its 12th largest holding. S Bank Fund Management Ltd's holdings in Prologis were worth $14,231,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of the company. High Point Wealth Management LLC purchased a new stake in shares of Prologis during the fourth quarter valued at approximately $26,000. Ares Financial Consulting LLC purchased a new position in shares of Prologis in the fourth quarter valued at $26,000. Eagle Bay Advisors LLC acquired a new stake in Prologis during the 4th quarter valued at $27,000. True Wealth Design LLC grew its holdings in Prologis by 87.1% during the 4th quarter. True Wealth Design LLC now owns 262 shares of the real estate investment trust's stock valued at $33,000 after purchasing an additional 122 shares in the last quarter. Finally, Silver Oak Securities Incorporated purchased a new stake in Prologis during the 3rd quarter worth $36,000. Institutional investors and hedge funds own 93.50% of the company's stock.
Analyst Ratings Changes
A number of equities analysts have commented on PLD shares. BNP Paribas Exane boosted their price objective on shares of Prologis from $140.00 to $150.00 and gave the stock an "outperform" rating in a report on Friday, April 17th. Bank of America lifted their target price on Prologis from $153.00 to $162.00 and gave the stock a "buy" rating in a research report on Monday, April 20th. Freedom Capital cut Prologis from a "strong-buy" rating to a "hold" rating in a research note on Friday, January 23rd. JPMorgan Chase & Co. increased their price target on Prologis from $141.00 to $157.00 and gave the company an "overweight" rating in a report on Tuesday, April 21st. Finally, Barclays restated an "overweight" rating and set a $139.00 price objective on shares of Prologis in a research note on Tuesday, January 13th. Fifteen investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, Prologis presently has a consensus rating of "Moderate Buy" and an average target price of $147.90.
Check Out Our Latest Analysis on PLD
Prologis Stock Performance
Shares of PLD stock opened at $140.27 on Wednesday. The stock has a market capitalization of $130.78 billion, a price-to-earnings ratio of 35.33, a PEG ratio of 3.06 and a beta of 1.33. Prologis, Inc. has a one year low of $103.02 and a one year high of $145.44. The company's 50-day simple moving average is $136.75 and its 200-day simple moving average is $131.76. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.51 and a current ratio of 0.51.
Prologis (NYSE:PLD - Get Free Report) last announced its quarterly earnings data on Thursday, April 16th. The real estate investment trust reported $1.05 earnings per share for the quarter, beating the consensus estimate of $0.81 by $0.24. Prologis had a return on equity of 6.47% and a net margin of 41.54%.The firm had revenue of $2.30 billion during the quarter, compared to analyst estimates of $2.12 billion. During the same period in the previous year, the company earned $1.43 earnings per share. Prologis's quarterly revenue was up 6.9% on a year-over-year basis. Prologis has set its FY 2026 guidance at 6.070-6.230 EPS. Equities analysts anticipate that Prologis, Inc. will post 6.17 earnings per share for the current fiscal year.
Prologis Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 16th will be given a dividend of $1.07 per share. This represents a $4.28 annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend is Tuesday, June 16th. Prologis's dividend payout ratio is currently 107.81%.
Prologis Company Profile
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Free Report)
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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