Prologis, Inc. $PLD Shares Sold by CIBC Private Wealth Group LLC

CIBC Private Wealth Group LLC reduced its position in Prologis, Inc. (NYSE:PLD) by 1.3% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 2,684,296 shares of the real estate investment trust’s stock after selling 34,953 shares during the period. CIBC Private Wealth Group LLC’s holdings in Prologis were worth $307,406,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC grew its position in Prologis by 629.0% during 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 acquiring an additional 15,078 shares during the period. Schnieders Capital Management LLC. raised its holdings in shares of Prologis by 45.4% in the 2nd quarter. Schnieders Capital Management LLC. now owns 10,728 shares of the real estate investment trust’s stock worth $1,128,000 after purchasing an additional 3,350 shares during the period. Cetera Investment Advisers lifted its stake in shares of Prologis by 8.2% in the 2nd quarter. Cetera Investment Advisers now owns 239,858 shares of the real estate investment trust’s stock valued at $25,214,000 after purchasing an additional 18,141 shares in the last quarter. Avantax Advisory Services Inc. lifted its stake in shares of Prologis by 4.1% in the 2nd quarter. Avantax Advisory Services Inc. now owns 54,855 shares of the real estate investment trust’s stock valued at $5,766,000 after purchasing an additional 2,137 shares in the last quarter. Finally, Vanguard Group Inc. grew its holdings in shares of Prologis by 0.3% during the 2nd quarter. Vanguard Group Inc. now owns 121,741,332 shares of the real estate investment trust’s stock worth $12,797,449,000 after purchasing an additional 401,922 shares during the period. Institutional investors and hedge funds own 93.50% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. Argus increased their target price on shares of Prologis from $128.00 to $135.00 and gave the stock a “buy” rating in a research report on Thursday, January 22nd. Mizuho lifted their price target on shares of Prologis from $138.00 to $143.00 and gave the company an “outperform” rating in a research report on Monday, January 26th. Truist Financial decreased their price objective on shares of Prologis from $142.00 to $139.00 and set a “buy” rating for the company in a research note on Monday, January 26th. Evercore increased their price objective on shares of Prologis from $118.00 to $121.00 and gave the stock an “in-line” rating in a research report on Thursday, January 22nd. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Prologis in a report on Monday, December 29th. Fourteen research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $137.20.

Prologis Stock Performance

Shares of NYSE:PLD opened at $133.32 on Wednesday. The business’s 50-day simple moving average is $134.70 and its 200 day simple moving average is $126.65. The company has a market cap of $123.93 billion, a P/E ratio of 37.55, a PEG ratio of 3.17 and a beta of 1.41. 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, Inc. has a one year low of $85.35 and a one year high of $143.95.

Prologis (NYSE:PLD) last released its quarterly earnings results on Wednesday, January 21st. The real estate investment trust reported $1.44 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.44. Prologis had a return on equity of 5.79% and a net margin of 37.86%.The firm had revenue of $2.25 billion during the quarter, compared to analysts’ expectations of $2.09 billion. During the same quarter in the prior year, the business earned $1.42 EPS. Prologis’s quarterly revenue was up 7.8% compared to the same quarter last year. Prologis has set its FY 2026 guidance at 6.000-6.200 EPS. On average, sell-side analysts forecast that Prologis, Inc. will post 5.73 earnings per share for the current fiscal year.

Prologis Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 17th will be paid a $1.07 dividend. This represents a $4.28 annualized dividend and a dividend yield of 3.2%. This is a boost from Prologis’s previous quarterly dividend of $1.01. The ex-dividend date is Tuesday, March 17th. Prologis’s payout ratio is currently 120.56%.

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.