BNP Paribas Reduces Stock Position in Prologis, Inc. $PLD

BNP Paribas lessened its stake in shares of Prologis, Inc. (NYSE:PLD) by 80.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 33,972 shares of the real estate investment trust’s stock after selling 143,480 shares during the quarter. BNP Paribas’ holdings in Prologis were worth $4,343,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its position in Prologis by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 123,323,290 shares of the real estate investment trust’s stock worth $15,743,451,000 after purchasing an additional 1,258,407 shares in the last quarter. Geode Capital Management LLC boosted its stake in Prologis by 1.5% in the 4th quarter. Geode Capital Management LLC now owns 23,012,940 shares of the real estate investment trust’s stock worth $2,925,791,000 after buying an additional 339,906 shares during the last quarter. Norges Bank acquired a new stake in Prologis in the 4th quarter worth about $1,589,125,000. Legal & General Group Plc boosted its stake in Prologis by 6.1% in the 4th quarter. Legal & General Group Plc now owns 11,443,741 shares of the real estate investment trust’s stock worth $1,460,908,000 after buying an additional 661,502 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its stake in Prologis by 1.3% in the 4th quarter. Principal Financial Group Inc. now owns 10,946,760 shares of the real estate investment trust’s stock worth $1,397,467,000 after buying an additional 135,912 shares during the last quarter. Hedge funds and other institutional investors own 93.50% of the company’s stock.

Analyst Ratings Changes

PLD has been the topic of a number of research analyst reports. Weiss Ratings raised Prologis from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, May 1st. BTIG Research reissued a “buy” rating and issued a $155.00 price target on shares of Prologis in a research note on Wednesday, April 15th. BMO Capital Markets raised Prologis from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $137.00 to $162.00 in a research note on Thursday, May 7th. Jefferies Financial Group decreased their price target on Prologis from $157.00 to $155.00 and set a “buy” rating on the stock in a research note on Tuesday, April 14th. Finally, DA Davidson raised their price target on Prologis from $140.00 to $160.00 and gave the stock a “buy” rating in a research note on Tuesday, April 21st. Sixteen equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $151.86.

Prologis Stock Performance

Shares of NYSE:PLD opened at $139.07 on Tuesday. The company has a market cap of $129.66 billion, a P/E ratio of 35.03, a PEG ratio of 3.16 and a beta of 1.32. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.51 and a current ratio of 0.51. Prologis, Inc. has a one year low of $103.41 and a one year high of $147.93. The business’s 50-day simple moving average is $139.36 and its 200 day simple moving average is $134.26.

Prologis (NYSE:PLD) last announced its earnings results on Thursday, April 16th. The real estate investment trust reported $1.05 EPS for the quarter, beating the consensus estimate of $0.81 by $0.24. The business had revenue of $2.30 billion for 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 company’s revenue was up 6.9% on a year-over-year basis. During the same period last year, the business posted $1.43 EPS. Prologis has set its FY 2026 guidance at 6.070-6.230 EPS. On average, sell-side analysts forecast that Prologis, Inc. will post 6.18 earnings per share for the current fiscal year.

Prologis Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 16th will be issued a dividend of $1.07 per share. This represents a $4.28 annualized dividend and a dividend yield of 3.1%. The ex-dividend date is Tuesday, June 16th. Prologis’s dividend payout ratio (DPR) is presently 107.81%.

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.