Erste Asset Management GmbH Purchases 4,930 Shares of Prologis, Inc. $PLD

Erste Asset Management GmbH boosted its position in shares of Prologis, Inc. (NYSE:PLD) by 5.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 104,143 shares of the real estate investment trust’s stock after purchasing an additional 4,930 shares during the quarter. Erste Asset Management GmbH’s holdings in Prologis were worth $13,380,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in PLD. High Point Wealth Management LLC bought a new stake in shares of Prologis in the 4th quarter valued at about $26,000. Ares Financial Consulting LLC bought a new stake in shares of Prologis in the 4th quarter valued at about $26,000. Eagle Bay Advisors LLC bought a new stake in shares of Prologis in the 4th quarter valued at about $27,000. SouthState Bank Corp increased its stake in shares of Prologis by 73.1% in the 4th quarter. SouthState Bank Corp now owns 225 shares of the real estate investment trust’s stock valued at $29,000 after acquiring an additional 95 shares during the last quarter. Finally, Hilton Head Capital Partners LLC bought a new stake in shares of Prologis in the 4th quarter valued at about $29,000. 93.50% of the stock is owned by institutional investors.

Prologis Price Performance

Shares of PLD opened at $142.84 on Tuesday. 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 stock has a 50 day simple moving average of $140.66 and a 200 day simple moving average of $134.93. Prologis, Inc. has a 52-week low of $103.41 and a 52-week high of $147.93. The firm has a market capitalization of $133.18 billion, a PE ratio of 35.98, a P/E/G ratio of 3.18 and a beta of 1.32.

Prologis (NYSE:PLD) last issued its quarterly earnings data on Thursday, April 16th. The real estate investment trust reported $1.05 earnings per share (EPS) 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 business had revenue of $2.30 billion during the quarter, compared to analyst estimates of $2.12 billion. During the same period in the previous year, the firm earned $1.43 EPS. Prologis’s quarterly revenue was up 6.9% compared to the same quarter last year. Prologis has set its FY 2026 guidance at 6.070-6.230 EPS. Sell-side analysts predict that Prologis, Inc. will post 6.18 EPS for the current fiscal year.

Prologis Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 16th will be given a $1.07 dividend. The ex-dividend date is Tuesday, June 16th. This represents a $4.28 annualized dividend and a dividend yield of 3.0%. Prologis’s payout ratio is currently 107.81%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on PLD shares. Robert W. Baird upped their price target on Prologis from $133.00 to $136.00 and gave the company a “neutral” rating in a research note on Friday, April 17th. UBS Group upped their price target on Prologis from $148.00 to $161.00 and gave the company a “buy” rating in a research note on Friday, April 17th. BMO Capital Markets raised Prologis from a “market perform” rating to an “outperform” rating and upped their price target for the company from $137.00 to $162.00 in a research note on Thursday, May 7th. Jefferies Financial Group lowered their price target on Prologis from $157.00 to $155.00 and set a “buy” rating for the company in a research note on Tuesday, April 14th. Finally, Citigroup upped their price target on Prologis from $145.00 to $165.00 and gave the company a “buy” rating in a research note on Tuesday, April 21st. Sixteen analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, Prologis currently has a consensus rating of “Moderate Buy” and a consensus target price of $151.86.

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.