Epoch Investment Partners Inc. Trims Position in Prologis, Inc. $PLD

Epoch Investment Partners Inc. cut its holdings in shares of Prologis, Inc. (NYSE:PLD) by 4.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 170,087 shares of the real estate investment trust’s stock after selling 8,021 shares during the period. Epoch Investment Partners Inc.’s holdings in Prologis were worth $21,713,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. High Point Wealth Management LLC purchased a new position in shares of Prologis during the fourth quarter valued at approximately $26,000. Ares Financial Consulting LLC purchased a new stake in Prologis in the fourth quarter worth $26,000. Eagle Bay Advisors LLC purchased a new stake in Prologis in the fourth quarter worth $27,000. SouthState Bank Corp grew its stake in Prologis by 73.1% in the fourth quarter. SouthState Bank Corp now owns 225 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 95 shares during the period. Finally, Hilton Head Capital Partners LLC purchased a new stake in Prologis in the fourth quarter worth $29,000. 93.50% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently weighed in on PLD shares. Morgan Stanley upped their price target on Prologis from $135.00 to $151.00 and gave the stock an “equal weight” rating in a research note on Tuesday, May 26th. Jefferies Financial Group reduced 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. DA Davidson upped 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. BTIG Research reaffirmed a “buy” rating and issued a $155.00 price target on shares of Prologis in a research note on Wednesday, April 15th. Finally, UBS Group upped their price target on Prologis from $148.00 to $161.00 and gave the stock a “buy” rating in a research note on Friday, April 17th. Sixteen analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $151.86.

Prologis Trading Down 0.2%

Shares of NYSE:PLD opened at $148.49 on Monday. The company has a market cap of $138.44 billion, a P/E ratio of 37.40, a PEG ratio of 3.27 and a beta of 1.32. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.51 and a quick ratio of 0.51. Prologis, Inc. has a 1 year low of $103.41 and a 1 year high of $149.70. The stock’s fifty day moving average price is $141.99 and its 200-day moving average price is $135.57.

Prologis (NYSE:PLD) last announced 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 firm 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 quarterly revenue was up 6.9% on a year-over-year basis. During the same period in the prior year, the company posted $1.43 earnings per share. Prologis has set its FY 2026 guidance at 6.070-6.230 EPS. Sell-side analysts expect that Prologis, Inc. will post 6.18 earnings per share for the current year.

Prologis Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders 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 dividend yield of 2.9%. The ex-dividend date of this dividend is Tuesday, June 16th. Prologis’s dividend payout ratio is presently 107.81%.

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.