368,124 Shares in Prologis, Inc. $PLD Bought by CIBC Bancorp USA Inc.

CIBC Bancorp USA Inc. acquired a new stake in shares of Prologis, Inc. (NYSE:PLD) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 368,124 shares of the real estate investment trust’s stock, valued at approximately $42,158,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Clayton Financial Group LLC purchased a new stake in shares of Prologis in the 3rd quarter valued at about $26,000. Silver Oak Securities Incorporated bought a new stake in shares of Prologis during the 3rd quarter valued at about $36,000. Rossby Financial LCC grew its holdings in shares of Prologis by 69.6% during 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. Dogwood Wealth Management LLC increased its position in shares of Prologis by 87.3% in the third quarter. Dogwood Wealth Management LLC now owns 339 shares of the real estate investment trust’s stock worth $39,000 after purchasing an additional 158 shares during the last quarter. Finally, Clear Investment Research LLC increased its position in shares of Prologis by 34.5% in the third quarter. Clear Investment Research LLC now owns 343 shares of the real estate investment trust’s stock worth $39,000 after purchasing an additional 88 shares during the last quarter. 93.50% of the stock is currently owned by hedge funds and other institutional investors.

Prologis Stock Down 0.6%

Shares of PLD opened at $133.32 on Wednesday. Prologis, Inc. has a 1 year low of $85.35 and a 1 year high of $143.95. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.58 and a quick ratio of 0.58. The stock has a 50 day simple moving average of $134.70 and a two-hundred day simple moving average of $126.65. The firm has a market cap of $123.93 billion, a P/E ratio of 37.55, a P/E/G ratio of 3.17 and a beta of 1.41.

Prologis (NYSE:PLD) last issued its quarterly earnings results on Wednesday, January 21st. The real estate investment trust reported $1.44 EPS for the quarter, meeting analysts’ consensus estimates of $1.44. The business had revenue of $2.25 billion for the quarter, compared to analysts’ expectations of $2.09 billion. Prologis had a net margin of 37.86% and a return on equity of 5.79%. The business’s quarterly revenue was up 7.8% on a year-over-year basis. During the same period last year, the business earned $1.42 earnings per share. Prologis has set its FY 2026 guidance at 6.000-6.200 EPS. On average, analysts forecast 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 will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 17th will be issued a dividend of $1.07 per share. The ex-dividend date of this dividend is Tuesday, March 17th. This represents a $4.28 annualized dividend and a dividend yield of 3.2%. This is an increase from Prologis’s previous quarterly dividend of $1.01. Prologis’s payout ratio is 120.56%.

Analysts Set New Price Targets

PLD has been the subject of several research analyst reports. Truist Financial dropped their target price on shares of Prologis from $142.00 to $139.00 and set a “buy” rating for the company in a research report on Monday, January 26th. Freedom Capital lowered shares of Prologis from a “strong-buy” rating to a “hold” rating in a report on Friday, January 23rd. Evercore raised their price objective on shares of Prologis from $118.00 to $121.00 and gave the company an “in-line” rating in a research report on Thursday, January 22nd. Scotiabank raised shares of Prologis from a “sector perform” rating to a “sector outperform” rating and lifted their price objective for the stock from $133.00 to $146.00 in a report on Wednesday, January 14th. Finally, BTIG Research upped their target price on shares of Prologis from $134.00 to $155.00 and gave the stock a “buy” rating in a research report on Wednesday, December 31st. Fourteen equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $137.20.

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.