Bank of Nova Scotia Increases Stock Position in Prologis, Inc. $PLD

Bank of Nova Scotia increased its holdings in shares of Prologis, Inc. (NYSE:PLD) by 30.3% during the third quarter, Holdings Channel.com reports. The firm owned 154,542 shares of the real estate investment trust’s stock after buying an additional 35,922 shares during the period. Bank of Nova Scotia’s holdings in Prologis were worth $17,698,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of PLD. BNP Paribas boosted its position in Prologis by 1.9% during the 3rd quarter. BNP Paribas now owns 177,452 shares of the real estate investment trust’s stock valued at $20,286,000 after acquiring an additional 3,244 shares in the last quarter. Ameriprise Financial Inc. raised its position in shares of Prologis by 0.5% in the 3rd quarter. Ameriprise Financial Inc. now owns 6,837,026 shares of the real estate investment trust’s stock worth $778,528,000 after acquiring an additional 31,456 shares in the last quarter. Schonfeld Strategic Advisors LLC raised its position in shares of Prologis by 205.7% in the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 187,046 shares of the real estate investment trust’s stock worth $21,421,000 after acquiring an additional 125,860 shares in the last quarter. Creative Planning lifted its stake in shares of Prologis by 303.2% during the 3rd quarter. Creative Planning now owns 380,090 shares of the real estate investment trust’s stock worth $43,528,000 after purchasing an additional 285,824 shares during the last quarter. Finally, FJ Capital Management LLC purchased a new stake in shares of Prologis during the 3rd quarter worth $996,000. 93.50% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

PLD has been the topic of several analyst reports. The Goldman Sachs Group lifted their target price on Prologis from $137.00 to $148.00 and gave the company a “neutral” rating in a research note on Monday, February 9th. Jefferies Financial Group increased their price target on shares of Prologis from $146.00 to $157.00 and gave the company a “buy” rating in a research report on Friday, February 20th. Robert W. Baird restated a “neutral” rating and issued a $130.00 price target (up from $128.00) on shares of Prologis in a report on Thursday, January 8th. BTIG Research lifted their price objective on shares of Prologis from $134.00 to $155.00 and gave the stock a “buy” rating in a research report on Wednesday, December 31st. Finally, UBS Group boosted their price objective on shares of Prologis from $144.00 to $148.00 and gave the stock a “buy” rating in a research note on Thursday, January 22nd. Fourteen analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $137.20.

Prologis Stock Up 1.7%

Shares of PLD stock opened at $134.03 on Tuesday. Prologis, Inc. has a fifty-two week low of $85.35 and a fifty-two week high of $143.95. The firm has a market capitalization of $124.59 billion, a PE ratio of 37.75, a P/E/G ratio of 3.12 and a beta of 1.41. 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 stock’s 50-day simple moving average is $134.59 and its 200-day simple moving average is $126.51.

Prologis (NYSE:PLD) last released its earnings results on Wednesday, January 21st. The real estate investment trust reported $1.44 EPS for the quarter, hitting analysts’ consensus estimates of $1.44. The firm had revenue of $2.25 billion during 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 company’s revenue was up 7.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.42 earnings per share. Prologis has set its FY 2026 guidance at 6.000-6.200 EPS. Equities 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. Shareholders of record on Tuesday, March 17th will be paid a dividend of $1.07 per share. This represents a $4.28 annualized dividend and a yield of 3.2%. The ex-dividend date is Tuesday, March 17th. This is a positive change from Prologis’s previous quarterly dividend of $1.01. Prologis’s dividend payout ratio (DPR) is presently 113.80%.

About Prologis

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.