Stevens Capital Management LP Trims Holdings in Prologis, Inc. $PLD

Key Points

• Stevens Capital Management LP cut its Prologis stake by 53.3% in Q4, selling 15,057 shares and ending the period with 13,186 shares worth about $1.68M.
• Prologis beat Q1 estimates with $1.05 EPS vs. $0.81 expected and $2.30B in revenue, and set FY2026 guidance of 6.070–6.230 EPS (consensus ~6.17).
• The company announced a quarterly dividend of $1.07 (3.1% yield) despite a high payout ratio (~107.8%), while institutional ownership is ~93.5% and analysts' average target is $147.90 with several firms raising targets into the $150–$157 range.

Stevens Capital Management LP lowered its holdings in shares of Prologis, Inc. (NYSE:PLD - Free Report) by 53.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,186 shares of the real estate investment trust's stock after selling 15,057 shares during the period. Stevens Capital Management LP's holdings in Prologis were worth $1,683,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Brighton Jones LLC raised its holdings in shares of Prologis by 629.0% in the fourth quarter. Brighton Jones LLC now owns 17,475 shares of the real estate investment trust's stock valued at $1,847,000 after buying an additional 15,078 shares during the last quarter. Schnieders Capital Management LLC. grew its holdings in shares of Prologis by 45.4% during the second quarter. Schnieders Capital Management LLC. now owns 10,728 shares of the real estate investment trust's stock worth $1,128,000 after buying an additional 3,350 shares during the last quarter. Walleye Capital LLC acquired a new position in Prologis in the 2nd quarter valued at about $422,000. NewEdge Advisors LLC increased its position in Prologis by 6.8% in the 2nd quarter. NewEdge Advisors LLC now owns 63,829 shares of the real estate investment trust's stock valued at $6,710,000 after acquiring an additional 4,074 shares during the period. Finally, Treasurer of the State of North Carolina raised its stake in Prologis by 2.4% during the 2nd quarter. Treasurer of the State of North Carolina now owns 433,312 shares of the real estate investment trust's stock valued at $45,550,000 after acquiring an additional 10,266 shares during the last quarter. 93.50% of the stock is owned by hedge funds and other institutional investors.

Prologis Price Performance

PLD stock opened at $140.27 on Wednesday. The firm has a 50 day moving average of $136.75 and a 200-day moving average of $131.76. The company has a market cap of $130.78 billion, a price-to-earnings ratio of 35.33, a PEG ratio of 3.06 and a beta of 1.33. 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, Inc. has a 12-month low of $103.02 and a 12-month high of $145.44.

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

Prologis Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 16th will be issued a $1.07 dividend. The ex-dividend date of this dividend is Tuesday, June 16th. This represents a $4.28 annualized dividend and a yield of 3.1%. Prologis's dividend payout ratio is 107.81%.

Analyst Ratings Changes

PLD has been the topic of several analyst reports. JPMorgan Chase & Co. lifted their target price on Prologis from $141.00 to $157.00 and gave the company an "overweight" rating in a research note on Tuesday, April 21st. The Goldman Sachs Group reaffirmed a "neutral" rating and set a $157.00 price target on shares of Prologis in a report on Friday, April 17th. Barclays reiterated an "overweight" rating and issued a $139.00 price objective on shares of Prologis in a research report on Tuesday, January 13th. Evercore set a $135.00 price objective on shares of Prologis in a research note on Friday, April 17th. Finally, Mizuho raised their target price on shares of Prologis from $143.00 to $150.00 and gave the stock an "outperform" rating in a research note on Wednesday, April 22nd. Fifteen analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $147.90.

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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