Eurizon SLJ Capital Ltd Takes Position in Prologis, Inc. $PLD

Eurizon SLJ Capital Ltd purchased a new stake in shares of Prologis, Inc. (NYSE:PLD) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 6,024 shares of the real estate investment trust’s stock, valued at approximately $769,000.

A number of other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in shares of Prologis by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 123,323,290 shares of the real estate investment trust’s stock valued at $15,743,451,000 after buying an additional 1,258,407 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Prologis by 1.5% during the fourth quarter. Geode Capital Management LLC now owns 23,012,940 shares of the real estate investment trust’s stock valued at $2,925,791,000 after buying an additional 339,906 shares during the last quarter. Legal & General Group Plc grew its holdings in shares of Prologis by 6.1% during the fourth quarter. Legal & General Group Plc now owns 11,443,741 shares of the real estate investment trust’s stock valued at $1,460,908,000 after buying an additional 661,502 shares during the last quarter. Principal Financial Group Inc. grew its holdings in shares of Prologis by 1.3% during the fourth quarter. Principal Financial Group Inc. now owns 10,946,760 shares of the real estate investment trust’s stock valued at $1,397,467,000 after buying an additional 135,912 shares during the last quarter. Finally, Swedbank AB grew its holdings in shares of Prologis by 36.2% during the fourth quarter. Swedbank AB now owns 7,664,583 shares of the real estate investment trust’s stock valued at $978,461,000 after buying an additional 2,038,329 shares during the last quarter. Hedge funds and other institutional investors own 93.50% of the company’s stock.

Wall Street Analyst Weigh In

PLD has been the subject of a number of recent analyst reports. Scotiabank boosted their target price on Prologis from $146.00 to $154.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 21st. BNP Paribas Exane boosted their target price on Prologis from $140.00 to $150.00 and gave the stock an “outperform” rating in a research report on Friday, April 17th. Weiss Ratings raised Prologis from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, May 1st. UBS Group boosted their target price on Prologis from $148.00 to $161.00 and gave the stock a “buy” rating in a research report on Friday, April 17th. Finally, The Goldman Sachs Group reissued a “neutral” rating and issued a $157.00 target price on shares of Prologis in a research report on Friday, April 17th. Sixteen research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Prologis currently has a consensus rating of “Moderate Buy” and an average target price of $150.52.

Prologis Trading Down 1.3%

Prologis stock opened at $143.80 on Friday. The business has a 50-day simple moving average of $139.20 and a two-hundred day simple moving average of $134.11. The company has a market cap of $134.07 billion, a P/E ratio of 36.22, a P/E/G ratio of 3.20 and a beta of 1.33. Prologis, Inc. has a 52-week low of $103.41 and a 52-week high of $147.93. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 0.60.

Prologis (NYSE:PLD) last released its quarterly earnings results on Thursday, April 16th. The real estate investment trust reported $1.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.81 by $0.24. The business had revenue of $2.30 billion during the quarter, compared to the consensus estimate of $2.12 billion. Prologis had a return on equity of 6.47% and a net margin of 41.54%.The business’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same period in the previous year, the company posted $1.43 EPS. Prologis has set its FY 2026 guidance at 6.070-6.230 EPS. Analysts predict that Prologis, Inc. will post 6.18 EPS for the current year.

Prologis Announces Dividend

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