Prologis, Inc. $PLD Shares Bought by Cbre Investment Management Listed Real Assets LLC

Cbre Investment Management Listed Real Assets LLC raised its holdings in Prologis, Inc. (NYSE:PLD) by 4.3% in the 4th quarter, HoldingsChannel reports. The fund owned 2,152,183 shares of the real estate investment trust’s stock after acquiring an additional 88,984 shares during the period. Prologis makes up 4.0% of Cbre Investment Management Listed Real Assets LLC’s investment portfolio, making the stock its 3rd largest position. Cbre Investment Management Listed Real Assets LLC’s holdings in Prologis were worth $274,748,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of PLD. Norges Bank acquired a new position in Prologis in the 4th quarter valued at $1,589,125,000. Swedbank AB raised its holdings in Prologis by 36.2% in the 4th quarter. Swedbank AB now owns 7,664,583 shares of the real estate investment trust’s stock valued at $978,461,000 after acquiring an additional 2,038,329 shares during the last quarter. Bessemer Group Inc. raised its holdings in Prologis by 8,000.9% in the 4th quarter. Bessemer Group Inc. now owns 1,595,963 shares of the real estate investment trust’s stock valued at $203,741,000 after acquiring an additional 1,576,262 shares during the last quarter. Vanguard Group Inc. raised its holdings in Prologis by 1.0% in the 4th 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 acquiring an additional 1,258,407 shares during the last quarter. Finally, Amundi raised its holdings in Prologis by 22.0% in the 3rd quarter. Amundi now owns 5,651,563 shares of the real estate investment trust’s stock valued at $661,968,000 after acquiring an additional 1,020,819 shares during the last quarter. 93.50% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on PLD. Weiss Ratings upgraded Prologis from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, May 1st. Truist Financial upped their price objective on Prologis from $139.00 to $154.00 and gave the stock a “buy” rating in a report on Friday, April 24th. DA Davidson upped their price objective on Prologis from $140.00 to $160.00 and gave the stock a “buy” rating in a report on Tuesday, April 21st. Morgan Stanley upped their price objective on Prologis from $135.00 to $151.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 26th. Finally, Scotiabank upped their price objective on Prologis from $146.00 to $154.00 and gave the stock an “outperform” rating in a report 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. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $151.86.

Prologis Stock Down 3.1%

Shares of NYSE PLD opened at $139.07 on Tuesday. Prologis, Inc. has a 12-month low of $103.41 and a 12-month high of $147.93. The company has a market cap of $129.66 billion, a P/E ratio of 35.03, a P/E/G ratio of 3.16 and a beta of 1.32. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.60. The stock has a fifty day moving average price of $139.36 and a 200 day moving average price of $134.26.

Prologis (NYSE:PLD) last announced its quarterly earnings results 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 firm had revenue of $2.30 billion during the quarter, compared to the consensus estimate of $2.12 billion. During the same period in the prior year, the firm earned $1.43 EPS. The firm’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. Research analysts anticipate that Prologis, Inc. will post 6.18 EPS for the current fiscal year.

Prologis Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 16th will be issued a $1.07 dividend. This represents a $4.28 annualized dividend and a yield of 3.1%. The ex-dividend date is Tuesday, June 16th. Prologis’s dividend payout ratio is currently 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.