Eurizon Capital SGR S.p.A. Buys New Shares in Prologis, Inc. $PLD

Eurizon Capital SGR S.p.A. bought a new stake in shares of Prologis, Inc. (NYSE:PLD) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 355,140 shares of the real estate investment trust’s stock, valued at approximately $45,454,000.

Several other large investors have also recently bought and sold shares of the stock. Nvwm LLC increased its holdings in Prologis by 6,069.7% in the 4th quarter. Nvwm LLC now owns 15,486 shares of the real estate investment trust’s stock valued at $1,977,000 after buying an additional 15,235 shares during the period. Foresight Group Ltd Liability Partnership increased its holdings in Prologis by 240.1% in the 3rd quarter. Foresight Group Ltd Liability Partnership now owns 44,715 shares of the real estate investment trust’s stock valued at $5,109,000 after buying an additional 31,567 shares during the period. National Pension Service increased its holdings in Prologis by 2.4% in the 3rd quarter. National Pension Service now owns 2,443,137 shares of the real estate investment trust’s stock valued at $279,788,000 after buying an additional 56,272 shares during the period. Envestnet Asset Management Inc. increased its holdings in Prologis by 3.6% in the 3rd quarter. Envestnet Asset Management Inc. now owns 3,644,875 shares of the real estate investment trust’s stock valued at $417,411,000 after buying an additional 126,613 shares during the period. Finally, Assetmark Inc. increased its holdings in Prologis by 10.0% in the 3rd quarter. Assetmark Inc. now owns 79,350 shares of the real estate investment trust’s stock valued at $9,087,000 after buying an additional 7,217 shares during the period. 93.50% of the stock is currently owned by institutional investors and hedge funds.

Prologis Stock Down 1.3%

Shares of NYSE:PLD opened at $143.80 on Friday. Prologis, Inc. has a 12 month low of $103.41 and a 12 month high of $147.93. The company’s 50-day moving average price is $139.20 and its two-hundred day moving average price is $134.11. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 0.60. The firm has a market cap of $134.07 billion, a P/E ratio of 36.22, a P/E/G ratio of 3.16 and a beta of 1.33.

Prologis (NYSE:PLD) last issued its quarterly earnings data on Thursday, April 16th. The real estate investment trust reported $1.05 EPS for the quarter, topping 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 analyst estimates of $2.12 billion. During the same quarter in the prior year, the firm earned $1.43 EPS. The company’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. As a group, research analysts forecast that Prologis, Inc. will post 6.18 EPS for the current fiscal year.

Prologis Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 16th will be given a dividend of $1.07 per share. The ex-dividend date is Tuesday, June 16th. This represents a $4.28 dividend on an annualized basis and a yield of 3.0%. Prologis’s dividend payout ratio is presently 107.81%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on PLD shares. Citigroup upped their target price on shares of Prologis from $145.00 to $165.00 and gave the stock a “buy” rating in a report on Tuesday, April 21st. BMO Capital Markets raised shares of Prologis from a “market perform” rating to an “outperform” rating and upped their target price for the stock from $137.00 to $162.00 in a report on Thursday, May 7th. Jefferies Financial Group lowered their target price on shares of Prologis from $157.00 to $155.00 and set a “buy” rating on the stock in a report on Tuesday, April 14th. DA Davidson upped their target price on shares of Prologis from $140.00 to $160.00 and gave the stock a “buy” rating in a report on Tuesday, April 21st. Finally, Robert W. Baird upped their target price on shares of Prologis from $133.00 to $136.00 and gave the stock a “neutral” rating in a report on Friday, April 17th. Sixteen analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, Prologis currently has a consensus rating of “Moderate Buy” and a consensus target price of $150.52.

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.