Bank of Nova Scotia Has $24.73 Million Position in Prologis, Inc. $PLD

Bank of Nova Scotia cut its holdings in shares of Prologis, Inc. (NYSE:PLD) by 4.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 187,124 shares of the real estate investment trust’s stock after selling 9,212 shares during the quarter. Bank of Nova Scotia’s holdings in Prologis were worth $24,734,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Nvwm LLC increased its position in Prologis by 6,069.7% during the 4th quarter. Nvwm LLC now owns 15,486 shares of the real estate investment trust’s stock worth $1,977,000 after purchasing an additional 15,235 shares in the last quarter. Schnieders Capital Management LLC. lifted its stake in Prologis by 45.4% in the 2nd quarter. Schnieders Capital Management LLC. now owns 10,728 shares of the real estate investment trust’s stock valued at $1,128,000 after purchasing an additional 3,350 shares during the last quarter. Prime Capital Investment Advisors LLC boosted its position in Prologis by 98.8% in the fourth quarter. Prime Capital Investment Advisors LLC now owns 23,837 shares of the real estate investment trust’s stock valued at $3,043,000 after buying an additional 11,846 shares in the last quarter. Generate Investment Management Ltd boosted its position in Prologis by 113.8% in the fourth quarter. Generate Investment Management Ltd now owns 157,480 shares of the real estate investment trust’s stock valued at $20,104,000 after buying an additional 83,832 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in shares of Prologis by 4.8% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 335,187 shares of the real estate investment trust’s stock worth $42,790,000 after buying an additional 15,335 shares during the last quarter. Institutional investors own 93.50% of the company’s stock.

Analyst Ratings Changes

PLD has been the subject of several research analyst reports. Robert W. Baird upped their price target on shares of Prologis from $133.00 to $136.00 and gave the stock a “neutral” rating in a report on Friday, April 17th. DA Davidson boosted their price objective on Prologis from $140.00 to $160.00 and gave the stock a “buy” rating in a research report on Tuesday, April 21st. Evercore set a $135.00 target price on Prologis in a report on Friday, April 17th. UBS Group upped their target price on Prologis from $148.00 to $161.00 and gave the stock a “buy” rating in a report on Friday, April 17th. Finally, BMO Capital Markets cut their price target on Prologis from $162.00 to $158.00 and set an “outperform” rating on the stock in a research note on Monday, June 29th. Fifteen research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat, Prologis has an average rating of “Moderate Buy” and a consensus target price of $153.81.

Prologis News Summary

Here are the key news stories impacting Prologis this week:

• Positive Sentiment: Segro’s board said it would recommend Prologis’s final $18.7 billion takeover bid, a sign the deal is gaining traction and could expand Prologis’s portfolio and long-term growth prospects. Article Title
• Positive Sentiment: Scotiabank raised its price target on Prologis to $150 from $146, while Truist boosted its target to $162, reflecting improved analyst confidence in the stock’s valuation. Article Title
• Positive Sentiment: Recent commentary highlighted Prologis as potentially undervalued after its earnings beat and raised guidance, reinforcing optimism around earnings momentum and fundamentals. Article Title
• Neutral Sentiment: Additional articles noted renewed investor attention on logistics and data-center themes, but these were more thematic than company-specific and did not include new financial results or formal guidance changes. Article Title

Prologis Price Performance

Shares of NYSE:PLD opened at $147.43 on Friday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.51 and a current ratio of 0.27. Prologis, Inc. has a 52 week low of $103.41 and a 52 week high of $153.35. The firm has a market cap of $137.45 billion, a PE ratio of 32.84 and a beta of 1.32. The firm’s fifty day moving average is $143.56 and its 200-day moving average is $138.55.

Prologis (NYSE:PLD) last announced its earnings results on Thursday, July 16th. The real estate investment trust reported $1.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.75 by $0.38. The business had revenue of $2.43 billion during the quarter, compared to analyst estimates of $2.16 billion. Prologis had a return on equity of 7.29% and a net margin of 45.79%.Prologis’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same period last year, the company earned $1.46 EPS. Prologis has set its FY 2026 guidance at 6.220-6.300 EPS. Sell-side analysts predict that Prologis, Inc. will post 6.28 earnings per share for the current year.

Prologis Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 16th were paid a $1.07 dividend. The ex-dividend date of this dividend was Tuesday, June 16th. This represents a $4.28 annualized dividend and a dividend yield of 2.9%. Prologis’s dividend payout ratio is presently 95.32%.

Insider Activity

In other news, CFO Timothy D. Arndt sold 3,597 shares of the firm’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $150.00, for a total transaction of $539,550.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.52% of the stock is owned by company insiders.

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.