Prologis, Inc. $PLD Shares Bought by Cbre Investment Management Listed Real Assets LLC

Cbre Investment Management Listed Real Assets LLC raised its position in Prologis, Inc. (NYSE:PLD) by 26.3% during the third quarter, HoldingsChannel reports. The firm owned 2,063,199 shares of the real estate investment trust’s stock after buying an additional 429,362 shares during the quarter. Prologis accounts for 3.4% of Cbre Investment Management Listed Real Assets LLC’s holdings, making the stock its 4th biggest position. Cbre Investment Management Listed Real Assets LLC’s holdings in Prologis were worth $236,278,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of PLD. Norges Bank acquired a new position in shares of Prologis during the second quarter worth $1,288,936,000. Franklin Resources Inc. increased its holdings in Prologis by 216.0% in the second quarter. Franklin Resources Inc. now owns 10,050,843 shares of the real estate investment trust’s stock valued at $1,056,545,000 after buying an additional 6,870,479 shares during the last quarter. State Street Corp raised its stake in Prologis by 1.9% in the second quarter. State Street Corp now owns 58,640,842 shares of the real estate investment trust’s stock valued at $6,164,325,000 after buying an additional 1,088,544 shares in the last quarter. Federated Hermes Inc. lifted its holdings in Prologis by 30.3% during the 3rd quarter. Federated Hermes Inc. now owns 4,256,236 shares of the real estate investment trust’s stock worth $487,424,000 after buying an additional 988,986 shares during the last quarter. Finally, Mondrian Investment Partners LTD purchased a new stake in Prologis during the 3rd quarter worth about $112,141,000. 93.50% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have recently commented on PLD. Weiss Ratings reiterated a “buy (b-)” rating on shares of Prologis in a report on Monday, December 29th. Truist Financial decreased their target price on Prologis from $142.00 to $139.00 and set a “buy” rating for the company in a research note on Monday, January 26th. BMO Capital Markets reaffirmed a “market perform” rating and issued a $123.00 price target on shares of Prologis in a report on Thursday, January 22nd. Mizuho increased their price target on shares of Prologis from $138.00 to $143.00 and gave the company an “outperform” rating in a research note on Monday, January 26th. Finally, Scotiabank upgraded shares of Prologis from a “sector perform” rating to a “sector outperform” rating and boosted their price objective for the stock from $133.00 to $146.00 in a research report on Wednesday, January 14th. Fourteen analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $137.20.

Prologis Stock Down 1.3%

Prologis stock opened at $134.39 on Thursday. Prologis, Inc. has a fifty-two week low of $85.35 and a fifty-two week high of $143.95. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.58 and a current ratio of 0.58. The company has a market capitalization of $124.92 billion, a P/E ratio of 37.86, a PEG ratio of 3.22 and a beta of 1.41. The stock has a 50-day simple moving average of $134.37 and a 200-day simple moving average of $125.98.

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

Prologis Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 17th will be given a dividend of $1.07 per share. This represents a $4.28 dividend on an annualized basis 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 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.