Fideuram Asset Management Ireland dac Purchases New Position in Prologis, Inc. $PLD

Fideuram Asset Management Ireland dac purchased a new stake in Prologis, Inc. (NYSE:PLD) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 10,183 shares of the real estate investment trust’s stock, valued at approximately $1,246,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in PLD. High Point Wealth Management LLC purchased a new position in Prologis during the 4th quarter worth approximately $26,000. Ares Financial Consulting LLC purchased a new position in Prologis during the 4th quarter worth approximately $26,000. Eagle Bay Advisors LLC purchased a new position in Prologis during the 4th quarter worth approximately $27,000. High Note Wealth LLC grew its stake in Prologis by 43.9% during the 4th quarter. High Note Wealth LLC now owns 249 shares of the real estate investment trust’s stock worth $32,000 after buying an additional 76 shares during the last quarter. Finally, True Wealth Design LLC raised its position in 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 purchasing an additional 122 shares during the last quarter. 93.50% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

PLD has been the subject of a number of recent research reports. Argus increased their price target on shares of Prologis from $135.00 to $152.00 and gave the stock a “buy” rating in a research note on Friday, April 17th. The Goldman Sachs Group reiterated a “neutral” rating and set a $157.00 price target on shares of Prologis in a research note on Friday, April 17th. Bank of America increased their price target on shares of Prologis from $153.00 to $162.00 and gave the stock a “buy” rating in a research note on Monday, April 20th. Morgan Stanley increased their price target on shares of Prologis from $135.00 to $151.00 and gave the stock an “equal weight” rating in a research note on Tuesday. Finally, DA Davidson increased their price target on shares of 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. Based on data from MarketBeat, Prologis currently has a consensus rating of “Moderate Buy” and an average price target of $150.52.

Prologis Trading Down 1.3%

Shares of PLD stock opened at $143.80 on Friday. The business’s 50 day moving average is $139.20 and its two-hundred day moving average is $134.11. Prologis, Inc. has a twelve month low of $103.41 and a twelve month high of $147.93. The company has a market capitalization of $134.07 billion, a P/E ratio of 36.22, a price-to-earnings-growth ratio of 3.20 and a beta of 1.33. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.60.

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

Prologis Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders 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 3.0%. The ex-dividend date is Tuesday, June 16th. Prologis’s dividend payout ratio (DPR) is 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.