Prologis, Inc. $PLD Stock Holdings Lowered by Swiss National Bank

Swiss National Bank lowered its position in shares of Prologis, Inc. (NYSE:PLD) by 4.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,544,808 shares of the real estate investment trust’s stock after selling 130,000 shares during the quarter. Swiss National Bank owned 0.27% of Prologis worth $324,870,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in PLD. High Point Wealth Management LLC acquired a new stake in shares of Prologis during the fourth quarter valued at approximately $26,000. Ares Financial Consulting LLC acquired a new stake in shares of Prologis during the fourth quarter valued at approximately $26,000. Eagle Bay Advisors LLC acquired a new stake in shares of Prologis during the fourth quarter valued at approximately $27,000. SouthState Bank Corp raised its holdings in shares of Prologis by 73.1% during the fourth quarter. SouthState Bank Corp now owns 225 shares of the real estate investment trust’s stock valued at $29,000 after acquiring an additional 95 shares during the period. Finally, Hilton Head Capital Partners LLC acquired a new stake in shares of Prologis during the fourth quarter valued at approximately $29,000. Institutional investors and hedge funds own 93.50% of the company’s stock.

Prologis Stock Performance

Shares of PLD opened at $147.49 on Friday. The company’s 50 day moving average price is $141.69 and its 200 day moving average price is $135.42. Prologis, Inc. has a 52 week low of $103.41 and a 52 week high of $148.46. The company has a market capitalization of $137.51 billion, a PE ratio of 37.15, a PEG ratio of 3.21 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.

Prologis (NYSE:PLD) last announced its quarterly earnings data on Thursday, April 16th. The real estate investment trust reported $1.05 EPS for the quarter, beating analysts’ consensus estimates of $0.81 by $0.24. Prologis had a net margin of 41.54% and a return on equity of 6.47%. The firm had revenue of $2.30 billion for the quarter, compared to the consensus estimate of $2.12 billion. During the same period in the previous year, the firm posted $1.43 earnings per share. The firm’s revenue was up 6.9% on a year-over-year basis. Prologis has set its FY 2026 guidance at 6.070-6.230 EPS. Research analysts expect that Prologis, Inc. will post 6.18 EPS for the current fiscal year.

Prologis Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 16th will be given a dividend of $1.07 per share. The ex-dividend date of this dividend is Tuesday, June 16th. This represents a $4.28 dividend on an annualized basis and a yield of 2.9%. Prologis’s payout ratio is presently 107.81%.

Analyst Upgrades and Downgrades

PLD has been the topic of a number of recent analyst reports. Argus boosted their price target on shares of Prologis from $135.00 to $152.00 and gave the company a “buy” rating in a report on Friday, April 17th. Mizuho boosted their price target on shares of Prologis from $143.00 to $150.00 and gave the company an “outperform” rating in a report on Wednesday, April 22nd. The Goldman Sachs Group restated a “neutral” rating and set a $157.00 price target on shares of Prologis in a report on Friday, April 17th. Wells Fargo & Company boosted their price target on shares of Prologis from $155.00 to $167.00 and gave the company an “overweight” rating in a report on Monday, June 1st. Finally, Robert W. Baird boosted their price target on shares of Prologis from $133.00 to $136.00 and gave the company a “neutral” rating in a report on Friday, April 17th. Sixteen investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, Prologis presently has an average rating of “Moderate Buy” and a consensus target price of $151.86.

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.