Prologis, Inc. $PLD Shares Bought by S Bank Fund Management Ltd

S Bank Fund Management Ltd lifted its holdings in Prologis, Inc. (NYSE:PLD) by 43.6% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 111,475 shares of the real estate investment trust’s stock after purchasing an additional 33,844 shares during the period. Prologis comprises approximately 1.8% of S Bank Fund Management Ltd’s portfolio, making the stock its 12th largest holding. S Bank Fund Management Ltd’s holdings in Prologis were worth $14,231,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of PLD. Brighton Jones LLC raised its stake 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 worth $1,847,000 after acquiring an additional 15,078 shares during the period. Schnieders Capital Management LLC. boosted its stake in Prologis by 45.4% in the second quarter. Schnieders Capital Management LLC. now owns 10,728 shares of the real estate investment trust’s stock valued at $1,128,000 after acquiring an additional 3,350 shares during the period. Walleye Capital LLC bought a new position in shares of Prologis during the second quarter valued at approximately $422,000. NewEdge Advisors LLC grew its holdings in shares of Prologis by 6.8% during the second quarter. NewEdge Advisors LLC now owns 63,829 shares of the real estate investment trust’s stock valued at $6,710,000 after purchasing an additional 4,074 shares during the last quarter. Finally, Treasurer of the State of North Carolina raised its position in shares of Prologis by 2.4% during the 2nd quarter. Treasurer of the State of North Carolina now owns 433,312 shares of the real estate investment trust’s stock worth $45,550,000 after purchasing an additional 10,266 shares during the period. 93.50% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on PLD shares. Truist Financial boosted their price objective on Prologis from $139.00 to $154.00 and gave the company a “buy” rating in a research report on Friday, April 24th. Robert W. Baird increased their target price on Prologis from $133.00 to $136.00 and gave the stock a “neutral” rating in a research report on Friday, April 17th. Jefferies Financial Group cut their target price on Prologis from $157.00 to $155.00 and set a “buy” rating on the stock in a research note on Tuesday, April 14th. The Goldman Sachs Group reissued a “neutral” rating and set a $157.00 price target on shares of Prologis in a report on Friday, April 17th. Finally, BTIG Research restated a “buy” rating and set a $155.00 price target on shares of Prologis in a research report on Wednesday, April 15th. Fifteen research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $147.90.

Prologis Stock Up 1.1%

PLD opened at $140.27 on Wednesday. The stock’s 50 day moving average price is $136.75 and its 200 day moving average price is $131.76. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.51 and a quick ratio of 0.51. The stock has a market cap of $130.78 billion, a P/E ratio of 35.33, a P/E/G ratio of 3.06 and a beta of 1.33. Prologis, Inc. has a 12 month low of $103.02 and a 12 month high of $145.44.

Prologis (NYSE:PLD) last announced its quarterly earnings results on Thursday, April 16th. The real estate investment trust reported $1.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.81 by $0.24. Prologis had a return on equity of 6.47% and a net margin of 41.54%.The company had revenue of $2.30 billion during the quarter, compared to analyst estimates of $2.12 billion. During the same quarter in the previous year, the firm posted $1.43 EPS. The firm’s quarterly revenue was up 6.9% on a year-over-year basis. Prologis has set its FY 2026 guidance at 6.070-6.230 EPS. As a group, research analysts predict that Prologis, Inc. will post 6.17 earnings per share for the current year.

Prologis Dividend Announcement

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 issued a $1.07 dividend. The ex-dividend date of this dividend is Tuesday, June 16th. This represents a $4.28 annualized dividend and a yield of 3.1%. Prologis’s dividend payout ratio is presently 107.81%.

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.