Eurizon SLJ Capital Ltd Purchases Shares of 6,024 Prologis, Inc. $PLD

Eurizon SLJ Capital Ltd purchased a new stake in shares of Prologis, Inc. (NYSE:PLD) in the fourth quarter, HoldingsChannel reports. The institutional investor purchased 6,024 shares of the real estate investment trust’s stock, valued at approximately $769,000.

Other hedge funds also recently made changes to their positions in the company. Nvwm LLC grew its stake in shares of Prologis by 6,069.7% during the 4th quarter. Nvwm LLC now owns 15,486 shares of the real estate investment trust’s stock valued at $1,977,000 after acquiring an additional 15,235 shares during the period. Foresight Group Ltd Liability Partnership grew its stake in shares of Prologis by 240.1% during the 3rd quarter. Foresight Group Ltd Liability Partnership now owns 44,715 shares of the real estate investment trust’s stock valued at $5,109,000 after acquiring an additional 31,567 shares during the period. National Pension Service grew its stake in shares of Prologis by 2.4% during the 3rd quarter. National Pension Service now owns 2,443,137 shares of the real estate investment trust’s stock valued at $279,788,000 after acquiring an additional 56,272 shares during the period. Envestnet Asset Management Inc. grew its stake in shares of Prologis by 3.6% during the 3rd quarter. Envestnet Asset Management Inc. now owns 3,644,875 shares of the real estate investment trust’s stock valued at $417,411,000 after acquiring an additional 126,613 shares during the period. Finally, Assetmark Inc. grew its stake in shares of Prologis by 10.0% during the 3rd quarter. Assetmark Inc. now owns 79,350 shares of the real estate investment trust’s stock valued at $9,087,000 after acquiring an additional 7,217 shares during the period. 93.50% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently issued reports on PLD shares. Jefferies Financial Group cut their price objective on Prologis from $157.00 to $155.00 and set a “buy” rating for the company in a research note on Tuesday, April 14th. Truist Financial boosted their price objective on Prologis from $139.00 to $154.00 and gave the company a “buy” rating in a research note on Friday, April 24th. UBS Group boosted their price target on Prologis from $148.00 to $161.00 and gave the stock a “buy” rating in a report on Friday, April 17th. BTIG Research reissued a “buy” rating and issued a $155.00 price target on shares of Prologis in a report on Wednesday, April 15th. Finally, BNP Paribas Exane boosted their price target on Prologis from $140.00 to $150.00 and gave the stock an “outperform” rating in a report on Friday, April 17th. Sixteen equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $150.52.

Prologis Stock Down 1.3%

NYSE PLD opened at $143.80 on Friday. The stock’s 50 day moving average is $139.20 and its 200 day moving average is $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 12 month low of $103.41 and a 12 month high of $147.93. The stock has a market cap of $134.07 billion, a PE ratio of 36.22, a P/E/G ratio of 3.20 and a beta of 1.33.

Prologis (NYSE:PLD) last posted its quarterly 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. 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 analysts’ expectations of $2.12 billion. During the same period in the previous year, the firm earned $1.43 EPS. The firm’s 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. Research analysts predict that Prologis, Inc. will post 6.18 EPS for the current fiscal year.

Prologis Announces Dividend

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

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.