Banco Bilbao Vizcaya Argentaria S.A. Has $7.86 Million Position in Prologis, Inc. $PLD

Banco Bilbao Vizcaya Argentaria S.A. raised its holdings in Prologis, Inc. (NYSE:PLD) by 10.3% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 68,724 shares of the real estate investment trust’s stock after acquiring an additional 6,429 shares during the quarter. Banco Bilbao Vizcaya Argentaria S.A.’s holdings in Prologis were worth $7,855,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in PLD. Norges Bank bought a new position in shares of Prologis during the 2nd quarter valued at $1,288,936,000. Franklin Resources Inc. lifted its stake in shares of Prologis by 216.0% in the 2nd 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 purchasing an additional 6,870,479 shares during the last quarter. State Street Corp lifted its stake in shares of Prologis by 1.9% in the 2nd 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 purchasing an additional 1,088,544 shares during the last quarter. Amundi boosted its holdings in Prologis by 22.0% in the third quarter. Amundi now owns 5,651,563 shares of the real estate investment trust’s stock worth $661,968,000 after purchasing an additional 1,020,819 shares in the last quarter. Finally, Federated Hermes Inc. boosted its holdings in Prologis by 30.3% in the third quarter. Federated Hermes Inc. now owns 4,256,236 shares of the real estate investment trust’s stock worth $487,424,000 after purchasing an additional 988,986 shares in the last quarter. 93.50% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. BNP Paribas Exane raised their target price on Prologis from $129.00 to $140.00 and gave the company an “outperform” rating in a report on Wednesday, January 21st. Royal Bank Of Canada upped their price target on Prologis from $132.00 to $135.00 and gave the stock a “sector perform” rating in a research note on Monday, February 2nd. Robert W. Baird reissued a “neutral” rating and set a $130.00 price objective (up from $128.00) on shares of Prologis in a report on Thursday, January 8th. Evercore raised their price objective on Prologis from $118.00 to $121.00 and gave the company an “in-line” rating in a research note on Thursday, January 22nd. Finally, BMO Capital Markets restated a “market perform” rating and issued a $123.00 target price on shares of Prologis in a report on Thursday, January 22nd. Fourteen research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat.com, Prologis currently has a consensus rating of “Moderate Buy” and a consensus target price of $137.20.

Prologis Stock Performance

Shares of PLD opened at $134.03 on Tuesday. The company has a market capitalization of $124.59 billion, a PE ratio of 37.75, a price-to-earnings-growth ratio of 3.12 and a beta of 1.41. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.58 and a quick ratio of 0.58. Prologis, Inc. has a one year low of $85.35 and a one year high of $143.95. The company’s fifty day moving average price is $134.59 and its 200 day moving average price is $126.51.

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, meeting analysts’ consensus estimates of $1.44. The company had revenue of $2.25 billion during the quarter, compared to analysts’ expectations of $2.09 billion. Prologis had a net margin of 37.86% and a return on equity of 5.79%. The business’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same period in the prior year, the company earned $1.42 earnings per share. Prologis has set its FY 2026 guidance at 6.000-6.200 EPS. As a group, analysts expect that Prologis, Inc. will post 5.73 earnings per share for the current year.

Prologis Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 17th will be given a dividend of $1.07 per share. The ex-dividend date of this dividend is Tuesday, March 17th. This represents a $4.28 annualized dividend and a dividend yield of 3.2%. This is a boost from Prologis’s previous quarterly dividend of $1.01. Prologis’s payout ratio is presently 113.80%.

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.