Assenagon Asset Management S.A. Buys 25,325 Shares of Prologis, Inc. $PLD

Assenagon Asset Management S.A. raised its position in shares of Prologis, Inc. (NYSE:PLD) by 79.3% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 57,248 shares of the real estate investment trust’s stock after buying an additional 25,325 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Prologis were worth $7,567,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of PLD. Focused Wealth Management Inc purchased a new position in Prologis during the 1st quarter worth $509,000. Weaver Capital Management LLC raised its position in shares of Prologis by 39.8% in the 1st quarter. Weaver Capital Management LLC now owns 17,384 shares of the real estate investment trust’s stock valued at $2,298,000 after purchasing an additional 4,946 shares during the last quarter. Cidel Asset Management Inc. boosted its stake in Prologis by 19.1% in the 1st quarter. Cidel Asset Management Inc. now owns 2,956 shares of the real estate investment trust’s stock worth $391,000 after purchasing an additional 475 shares in the last quarter. New Covenant Trust Company N.A. boosted its stake in Prologis by 7.5% in the 1st quarter. New Covenant Trust Company N.A. now owns 2,328 shares of the real estate investment trust’s stock worth $308,000 after purchasing an additional 163 shares in the last quarter. Finally, Bar Harbor Wealth Management boosted its stake in Prologis by 1.8% in the 1st quarter. Bar Harbor Wealth Management now owns 22,348 shares of the real estate investment trust’s stock worth $2,954,000 after purchasing an additional 387 shares in the last quarter. 93.50% of the stock is currently owned by institutional investors and hedge funds.

Prologis Stock Performance

Shares of NYSE PLD opened at $140.11 on Monday. The company has a market capitalization of $130.63 billion, a PE ratio of 35.29, a price-to-earnings-growth ratio of 3.04 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. The company’s fifty day moving average price is $143.31 and its 200 day moving average price is $136.59. Prologis, Inc. has a 1 year low of $103.41 and a 1 year high of $150.18.

Prologis (NYSE:PLD) last released its quarterly earnings data on Thursday, April 16th. The real estate investment trust reported $1.05 earnings per share for the quarter, beating analysts’ consensus estimates of $0.81 by $0.24. The company had revenue of $2.30 billion during the quarter, compared to analysts’ expectations of $2.12 billion. Prologis had a net margin of 41.54% and a return on equity of 6.47%. The firm’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.43 earnings per share. Prologis has set its FY 2026 guidance at 6.070-6.230 EPS. On average, research analysts predict that Prologis, Inc. will post 6.17 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. Investors of record on Tuesday, June 16th will be paid a $1.07 dividend. This represents a $4.28 annualized dividend and a dividend yield of 3.1%. The ex-dividend date is Tuesday, June 16th. Prologis’s payout ratio is currently 107.81%.

Insider Buying and Selling at Prologis

In related news, CFO Timothy D. Arndt sold 3,597 shares of the company’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $150.00, for a total value of $539,550.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.52% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on PLD shares. Morgan Stanley upped their price target on shares of Prologis from $135.00 to $151.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 26th. Mizuho lifted their price objective on shares of Prologis from $143.00 to $150.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 22nd. Truist Financial boosted their price objective on shares of Prologis from $139.00 to $154.00 and gave the company a “buy” rating in a report on Friday, April 24th. Bank of America upped their target price on Prologis from $153.00 to $162.00 and gave the company a “buy” rating in a research report on Monday, April 20th. Finally, Evercore set a $135.00 target price on Prologis in a research note on Friday, April 17th. Fifteen research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat, Prologis currently has a consensus rating of “Moderate Buy” and a consensus target price of $151.48.

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.