Eurizon Capital SGR S.p.A. Acquires New Position in Prologis, Inc. $PLD

Eurizon Capital SGR S.p.A. acquired a new stake in shares of Prologis, Inc. (NYSE:PLD) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 355,140 shares of the real estate investment trust’s stock, valued at approximately $45,454,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in PLD. Swedbank AB grew its position in Prologis by 36.2% during the fourth quarter. Swedbank AB now owns 7,664,583 shares of the real estate investment trust’s stock valued at $978,461,000 after purchasing an additional 2,038,329 shares in the last quarter. Bessemer Group Inc. grew its position in Prologis by 8,000.9% during the fourth quarter. Bessemer Group Inc. now owns 1,595,963 shares of the real estate investment trust’s stock valued at $203,741,000 after purchasing an additional 1,576,262 shares in the last quarter. Vanguard Group Inc. grew its position in Prologis by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 123,323,290 shares of the real estate investment trust’s stock valued at $15,743,451,000 after purchasing an additional 1,258,407 shares in the last quarter. Amundi grew its position in Prologis by 22.0% during the third quarter. Amundi now owns 5,651,563 shares of the real estate investment trust’s stock valued at $661,968,000 after purchasing an additional 1,020,819 shares in the last quarter. Finally, Mondrian Investment Partners LTD purchased a new position in Prologis during the third quarter valued at approximately $112,141,000. 93.50% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. DA Davidson boosted their price objective on shares of Prologis from $140.00 to $160.00 and gave the company a “buy” rating in a research report on Tuesday, April 21st. JPMorgan Chase & Co. boosted their target price on shares of Prologis from $141.00 to $157.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 21st. UBS Group boosted their target price on shares of Prologis from $148.00 to $161.00 and gave the stock a “buy” rating in a research report on Friday, April 17th. Royal Bank Of Canada boosted their target price on shares of Prologis from $135.00 to $148.00 and gave the stock a “sector perform” rating in a research report on Tuesday, April 28th. Finally, Truist Financial boosted their target price on shares of Prologis from $139.00 to $154.00 and gave the stock a “buy” rating in a research report on Friday, April 24th. Sixteen research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $150.52.

Prologis Price Performance

Shares of Prologis stock opened at $143.80 on Friday. The firm has a fifty day simple moving average of $139.20 and a 200-day simple moving average of $134.11. 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, Inc. has a 1-year low of $103.41 and a 1-year high of $147.93. The stock has a market capitalization of $134.07 billion, a price-to-earnings ratio of 36.22, a PEG ratio of 3.16 and a beta of 1.33.

Prologis (NYSE:PLD) last issued its quarterly earnings data 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 net margin of 41.54% and a return on equity of 6.47%. The business had revenue of $2.30 billion during the quarter, compared to analysts’ expectations of $2.12 billion. During the same period in the previous year, the company earned $1.43 earnings per share. Prologis’s revenue for the quarter was up 6.9% on a year-over-year basis. Prologis has set its FY 2026 guidance at 6.070-6.230 EPS. On average, sell-side analysts expect that Prologis, Inc. will post 6.18 earnings per share for the current year.

Prologis Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 16th will be paid a dividend of $1.07 per share. This represents a $4.28 annualized dividend and a yield of 3.0%. The ex-dividend date is Tuesday, June 16th. Prologis’s dividend payout ratio is presently 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.