BLI Banque de Luxembourg Investments Takes Position in Prologis, Inc. $PLD

BLI Banque de Luxembourg Investments acquired a new stake in shares of Prologis, Inc. (NYSE:PLD) during the 4th quarter, Holdings Channel.com reports. The fund acquired 37,000 shares of the real estate investment trust’s stock, valued at approximately $4,773,000.

Several other large investors also recently bought and sold shares of PLD. Commonwealth Retirement Investments LLC purchased a new stake in shares of Prologis during the 4th quarter valued at about $37,000. Waddell & Associates LLC purchased a new position in shares of Prologis during the fourth quarter valued at approximately $376,000. TIAA Trust National Association lifted its position in Prologis by 0.7% during the fourth quarter. TIAA Trust National Association now owns 137,450 shares of the real estate investment trust’s stock valued at $17,547,000 after purchasing an additional 935 shares during the period. Cerity Partners LLC lifted its position in Prologis by 14.6% during the fourth quarter. Cerity Partners LLC now owns 264,441 shares of the real estate investment trust’s stock valued at $33,759,000 after purchasing an additional 33,646 shares during the period. Finally, West Family Investments Inc. boosted its holdings in Prologis by 25.7% in the fourth quarter. West Family Investments Inc. now owns 3,063 shares of the real estate investment trust’s stock worth $391,000 after purchasing an additional 626 shares during the last quarter. 93.50% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. Jefferies Financial Group decreased their target price on shares of Prologis from $157.00 to $155.00 and set a “buy” rating for the company in a research note on Tuesday, April 14th. Weiss Ratings upgraded Prologis from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, May 1st. BTIG Research reaffirmed a “buy” rating and issued a $155.00 price objective on shares of Prologis in a report on Wednesday, April 15th. Evercore set a $135.00 price objective on Prologis in a research report on Friday, April 17th. Finally, Bank of America increased their target price on Prologis from $153.00 to $162.00 and gave the company a “buy” rating in a report on Monday, April 20th. Sixteen 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.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $151.86.

Prologis Trading Up 3.3%

Shares of PLD stock opened at $147.48 on Wednesday. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.51 and a quick ratio of 0.51. The company has a market cap of $137.50 billion, a price-to-earnings ratio of 37.15, a PEG ratio of 3.14 and a beta of 1.32. Prologis, Inc. has a 1 year low of $103.41 and a 1 year high of $148.29. The firm has a fifty day moving average price of $141.04 and a 200-day moving average price of $135.11.

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

Prologis Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 16th will be paid a $1.07 dividend. The ex-dividend date of this dividend is Tuesday, June 16th. This represents a $4.28 annualized dividend and a dividend yield of 2.9%. Prologis’s dividend payout ratio (DPR) is 107.81%.

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.