Capital International Sarl Buys New Holdings in Prologis, Inc. $PLD

Capital International Sarl bought a new stake in shares of Prologis, Inc. (NYSE:PLD) in the 4th quarter, Holdings Channel.com reports. The firm bought 5,227 shares of the real estate investment trust’s stock, valued at approximately $667,000.

Several other institutional investors also recently bought and sold shares of the stock. Capital Group Private Client Services Inc. purchased a new stake in Prologis in the 4th quarter worth approximately $208,000. Dearborn Partners LLC lifted its holdings in Prologis by 4.2% in the 4th quarter. Dearborn Partners LLC now owns 1,969 shares of the real estate investment trust’s stock worth $251,000 after buying an additional 79 shares during the period. Cookson Peirce & Co. Inc. lifted its holdings in Prologis by 50.3% in the 4th quarter. Cookson Peirce & Co. Inc. now owns 9,689 shares of the real estate investment trust’s stock worth $1,237,000 after buying an additional 3,243 shares during the period. Nemes Rush Group LLC lifted its stake in shares of Prologis by 23.0% in the 4th quarter. Nemes Rush Group LLC now owns 1,607 shares of the real estate investment trust’s stock valued at $205,000 after purchasing an additional 300 shares during the period. Finally, Havemeyer Place LP purchased a new position in shares of Prologis in the 4th quarter valued at approximately $2,229,000. 93.50% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on PLD shares. Citigroup lifted their price objective on Prologis from $145.00 to $165.00 and gave the company a “buy” rating in a research note on Tuesday, April 21st. Evercore set a $135.00 target price on Prologis in a report on Friday, April 17th. Robert W. Baird upped their price objective on Prologis from $133.00 to $136.00 and gave the company a “neutral” rating in a research report on Friday, April 17th. Jefferies Financial Group lowered their target price on Prologis from $157.00 to $155.00 and set a “buy” rating on the stock in a research report on Tuesday, April 14th. Finally, Royal Bank Of Canada boosted their price target on Prologis from $135.00 to $148.00 and gave the company a “sector perform” rating in a report on Tuesday, April 28th. Sixteen research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $151.86.

Prologis Stock Performance

NYSE PLD opened at $142.84 on Tuesday. The company has a market cap of $133.18 billion, a P/E ratio of 35.98, a P/E/G ratio of 3.18 and a beta of 1.32. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.51 and a current ratio of 0.51. The business’s 50 day moving average price is $140.66 and its 200-day moving average price is $134.93. Prologis, Inc. has a fifty-two week low of $103.41 and a fifty-two week high of $147.93.

Prologis (NYSE:PLD) last released its 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. The business had revenue of $2.30 billion for the quarter, compared to analyst estimates of $2.12 billion. Prologis had a return on equity of 6.47% and a net margin of 41.54%.The business’s revenue was up 6.9% compared to the same quarter last year. During the same quarter last year, the firm posted $1.43 earnings per share. Prologis has set its FY 2026 guidance at 6.070-6.230 EPS. Sell-side analysts predict that Prologis, Inc. will post 6.18 earnings per share for the current year.

Prologis Dividend Announcement

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. This represents a $4.28 annualized dividend and a dividend yield of 3.0%. The ex-dividend date is Tuesday, June 16th. Prologis’s dividend payout ratio is currently 107.81%.

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.