Sumitomo Mitsui Trust Group Inc. Cuts Stock Holdings in Prologis, Inc. $PLD

Key Points

• Sumitomo Mitsui Trust Group Inc. trimmed its stake in Prologis by 4.2% in Q4, selling 175,000 shares and now owns 4,040,857 shares (~0.44%) valued at about $515.86 million.
• Prologis reported Q results with EPS of $1.44 (in line) and revenue of $2.25B (ahead), set FY2026 guidance of 6.00–6.20 EPS, and raised the quarterly dividend to $1.07 (annualized $4.28, yield 3.1%) despite a high payout ratio (~120.6%).
• Prologis and La Caisse launched the pan‑European logistics JV PLIVE seeded with ~€1B of assets, where Prologis will be the operating partner with ~30% economic stake—expected to grow fee income and AUM but may limit near‑term EPS/FFO upside.

Sumitomo Mitsui Trust Group Inc. trimmed its position in shares of Prologis, Inc. (NYSE:PLD - Free Report) by 4.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,040,857 shares of the real estate investment trust's stock after selling 175,000 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned approximately 0.44% of Prologis worth $515,856,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Beacon Harbor Wealth Advisors Inc. increased its holdings in shares of Prologis by 0.7% during the 4th quarter. Beacon Harbor Wealth Advisors Inc. now owns 58,547 shares of the real estate investment trust's stock valued at $7,474,000 after purchasing an additional 429 shares in the last quarter. Robeco Institutional Asset Management B.V. increased its holdings in shares of Prologis by 31.2% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 561,115 shares of the real estate investment trust's stock valued at $71,632,000 after purchasing an additional 133,495 shares in the last quarter. Ritholtz Wealth Management increased its holdings in shares of Prologis by 7.1% during the 4th quarter. Ritholtz Wealth Management now owns 54,774 shares of the real estate investment trust's stock valued at $6,992,000 after purchasing an additional 3,625 shares in the last quarter. Carnegie Investment Counsel increased its holdings in shares of Prologis by 27.9% during the 4th quarter. Carnegie Investment Counsel now owns 6,763 shares of the real estate investment trust's stock valued at $863,000 after purchasing an additional 1,476 shares in the last quarter. Finally, RFG Bristol Wealth Advisors LLC increased its holdings in shares of Prologis by 5.5% during the 4th quarter. RFG Bristol Wealth Advisors LLC now owns 3,256 shares of the real estate investment trust's stock valued at $416,000 after purchasing an additional 170 shares in the last quarter. 93.50% of the stock is owned by hedge funds and other institutional investors.

Prologis Price Performance

Prologis stock opened at $137.21 on Friday. The company's fifty day moving average price is $135.63 and its 200 day moving average price is $128.91. Prologis, Inc. has a 1 year low of $92.52 and a 1 year high of $143.95. The stock has a market capitalization of $127.91 billion, a P/E ratio of 38.65, a P/E/G ratio of 3.24 and a beta of 1.40. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.58 and a current ratio of 0.58.

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

Prologis Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 17th were paid 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 dividend payout ratio is presently 120.56%.

Prologis News Roundup

Here are the key news stories impacting Prologis this week:

• Positive Sentiment: Creates a new fee‑earning platform and expands AUM — Prologis and La Caisse launched Prologis Logistics Investment Venture Europe (PLIVE), a pan‑European JV anchored by ~€1 billion of logistics properties; Prologis will serve as operating partner and provide asset management and development expertise, which should grow fee revenue and platform scale. La Caisse and Prologis Launch Pan-European Logistics Joint Venture
• Positive Sentiment: Institutional capital and geographic diversification — Partnering with La Caisse brings deep institutional capital and spreads exposure across France, Germany, the Netherlands, Sweden and the U.K., supporting development and leasing opportunities in Europe. La Caisse and Prologis Launch Pan-European Logistics Joint Venture (Yahoo)
• Neutral Sentiment: Deal economics and structure — The JV is initially seeded with ~€1B of assets and is organized with La Caisse holding a ~70% interest and Prologis a ~30% economic stake while Prologis remains the operating partner; the structure favors fee income and asset‑light expansion but limits full profit capture. Prologis Partners For $1.2 Billion Logistics Platform In Europe (Benzinga)
• Negative Sentiment: Minority economic ownership may temper near‑term EPS/FFO upside — Because Prologis is the operating partner with a minority stake, investors may see less immediate earnings and FFO accretion versus owning the underlying assets outright; market also weighs currency and regional risks in Europe. Prologis, Caisse in US$1.2 billion logistics joint venture (Financial Post)

Analyst Ratings Changes

Several equities analysts have recently weighed in on PLD shares. Mizuho lifted their target price on shares of Prologis from $138.00 to $143.00 and gave the company an "outperform" rating in a report on Monday, January 26th. The Goldman Sachs Group lifted their price target on shares of Prologis from $137.00 to $148.00 and gave the company a "neutral" rating in a research note on Monday, February 9th. Morgan Stanley set a $135.00 price target on shares of Prologis in a research note on Friday, January 16th. BTIG Research lifted their price target on shares of Prologis from $134.00 to $155.00 and gave the company a "buy" rating in a research note on Wednesday, December 31st. Finally, Robert W. Baird reissued a "neutral" rating and issued a $130.00 price target (up from $128.00) on shares of Prologis in a research note on Thursday, January 8th. Fourteen research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $138.26.

Prologis 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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