J. Safra Sarasin Holding AG Raises Position in Prologis, Inc. $PLD

J. Safra Sarasin Holding AG grew its holdings in Prologis, Inc. (NYSE:PLD) by 341.5% in the 1st quarter, HoldingsChannel.com reports. The fund owned 14,451 shares of the real estate investment trust’s stock after buying an additional 11,178 shares during the quarter. J. Safra Sarasin Holding AG’s holdings in Prologis were worth $1,907,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Nvwm LLC increased its position in shares of 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 purchasing an additional 15,235 shares during the last quarter. CIBC Bancorp USA Inc. purchased a new stake in shares of Prologis during the 3rd quarter worth $42,158,000. Murphy Middleton Hinkle & Parker Inc. purchased a new stake in shares of Prologis during the 4th quarter worth $2,581,000. Avanza Fonder AB grew its stake in shares of Prologis by 8.4% during the fourth quarter. Avanza Fonder AB now owns 70,789 shares of the real estate investment trust’s stock worth $9,037,000 after purchasing an additional 5,508 shares in the last quarter. Finally, Bank of Nova Scotia grew its stake in shares of Prologis by 30.3% during the third quarter. Bank of Nova Scotia now owns 154,542 shares of the real estate investment trust’s stock worth $17,698,000 after purchasing an additional 35,922 shares in the last quarter. Hedge funds and other institutional investors own 93.50% of the company’s stock.

Prologis Price Performance

Shares of NYSE PLD opened at $142.09 on Tuesday. The stock has a market cap of $132.47 billion, a P/E ratio of 35.79 and a beta of 1.32. Prologis, Inc. has a twelve month low of $103.41 and a twelve month high of $150.18. The stock has a 50 day moving average of $142.82 and a two-hundred day moving average of $137.47. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.60.

Prologis (NYSE:PLD) last announced its 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. The business had revenue of $2.30 billion for the quarter, compared to analyst estimates of $2.12 billion. Prologis had a net margin of 41.54% and a return on equity of 6.47%. The company’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same period last year, the firm posted $1.43 earnings per share. Prologis has set its FY 2026 guidance at 6.070-6.230 EPS. On average, research analysts forecast that Prologis, Inc. will post 6.17 earnings per share for the current year.

Prologis Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 16th were given a dividend of $1.07 per share. This represents a $4.28 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend was Tuesday, June 16th. Prologis’s dividend payout ratio (DPR) is presently 107.81%.

Insider Transactions at Prologis

In other Prologis news, CFO Timothy D. Arndt sold 3,597 shares of Prologis stock in a transaction on Monday, June 15th. The shares were sold at an average price of $150.00, for a total value of $539,550.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. Insiders own 0.52% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have weighed in on PLD shares. UBS Group raised their price target on Prologis from $148.00 to $161.00 and gave the company a “buy” rating in a research note on Friday, April 17th. Scotiabank cut Prologis from a “sector outperform” rating to a “sector perform” rating and lowered their price objective for the stock from $154.00 to $146.00 in a research report on Thursday, June 18th. BNP Paribas Exane increased their price objective on Prologis from $140.00 to $150.00 and gave the company an “outperform” rating in a report on Friday, April 17th. Robert W. Baird raised 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. Finally, Wells Fargo & Company boosted their target price on Prologis from $155.00 to $167.00 and gave the stock an “overweight” rating in a research note on Monday, June 1st. Fifteen equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $152.00.

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.