CIBC Asset Management Inc Purchases 91,096 Shares of Prologis, Inc. $PLD

CIBC Asset Management Inc grew its position in Prologis, Inc. (NYSE:PLD) by 46.8% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 285,565 shares of the real estate investment trust’s stock after acquiring an additional 91,096 shares during the period. CIBC Asset Management Inc’s holdings in Prologis were worth $36,455,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Ares Financial Consulting LLC bought a new position in shares of Prologis in the 4th quarter valued at $26,000. High Point Wealth Management LLC bought a new position in shares of Prologis in the 4th quarter valued at $26,000. Eagle Bay Advisors LLC bought a new position in shares of Prologis in the 4th quarter valued at $27,000. High Note Wealth LLC lifted its stake in shares of Prologis by 43.9% in the 4th quarter. High Note Wealth LLC now owns 249 shares of the real estate investment trust’s stock valued at $32,000 after acquiring an additional 76 shares during the last quarter. Finally, True Wealth Design LLC lifted its stake in shares of Prologis by 87.1% in the 4th quarter. True Wealth Design LLC now owns 262 shares of the real estate investment trust’s stock valued at $33,000 after acquiring an additional 122 shares during the last quarter. 93.50% of the stock is currently owned by institutional investors.

Prologis Stock Up 1.3%

Shares of NYSE:PLD opened at $142.24 on Thursday. The firm has a market cap of $132.62 billion, a P/E ratio of 35.83, a P/E/G ratio of 3.09 and a beta of 1.32. 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, Inc. has a 12-month low of $103.41 and a 12-month high of $147.93. The business has a fifty day simple moving average of $139.84 and a 200 day simple moving average of $134.50.

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

Prologis Dividend Announcement

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

Analyst Ratings Changes

Several research analysts recently issued reports on the company. BNP Paribas Exane raised 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. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $157.00 target price on shares of Prologis in a research report on Friday, April 17th. DA Davidson raised their target price on Prologis from $140.00 to $160.00 and gave the stock a “buy” rating in a research report on Tuesday, April 21st. Mizuho raised their target price on Prologis from $143.00 to $150.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 22nd. Finally, Bank of America raised their target price on Prologis from $153.00 to $162.00 and gave the stock a “buy” rating in a research report on Monday, April 20th. Sixteen equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, Prologis presently has a consensus rating of “Moderate Buy” and an average price target of $151.86.

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.