Swiss National Bank Sells 130,000 Shares of Prologis, Inc. $PLD

Swiss National Bank trimmed its holdings in Prologis, Inc. (NYSE:PLD) by 4.9% in the 4th quarter, HoldingsChannel.com reports. The fund owned 2,544,808 shares of the real estate investment trust’s stock after selling 130,000 shares during the quarter. Swiss National Bank’s holdings in Prologis were worth $324,870,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Nvwm LLC boosted its holdings 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 worth $1,977,000 after buying an additional 15,235 shares during the period. Assetmark Inc. raised its stake in 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 purchasing an additional 7,217 shares during the last quarter. State of New Jersey Common Pension Fund D raised its stake in Prologis by 1.9% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 754,060 shares of the real estate investment trust’s stock valued at $86,355,000 after purchasing an additional 14,318 shares during the last quarter. Public Sector Pension Investment Board raised its stake in shares of Prologis by 32.1% in the 3rd quarter. Public Sector Pension Investment Board now owns 252,188 shares of the real estate investment trust’s stock valued at $28,881,000 after buying an additional 61,230 shares in the last quarter. Finally, CIBC Bancorp USA Inc. acquired a new position in shares of Prologis in the 3rd quarter valued at $42,158,000. 93.50% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on PLD. BMO Capital Markets upgraded shares of Prologis from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $137.00 to $162.00 in a research report on Thursday, May 7th. Bank of America increased their target price on shares of Prologis from $153.00 to $162.00 and gave the stock a “buy” rating in a research report on Monday, April 20th. Robert W. Baird increased their target price on shares of Prologis from $133.00 to $136.00 and gave the stock a “neutral” rating in a research report on Friday, April 17th. Morgan Stanley increased their target price on shares of Prologis from $135.00 to $151.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 26th. Finally, BNP Paribas Exane increased their target price on shares of Prologis from $140.00 to $150.00 and gave the stock an “outperform” rating in a research report on Friday, April 17th. Sixteen 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 currently has an average rating of “Moderate Buy” and an average price target of $151.86.

Prologis Stock Up 1.2%

Shares of NYSE:PLD opened at $147.49 on Friday. Prologis, Inc. has a 12 month low of $103.41 and a 12 month high of $148.46. The company’s 50-day moving average price is $141.69 and its two-hundred day moving average price is $135.42. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 0.60. The firm has a market cap of $137.51 billion, a P/E ratio of 37.15, a P/E/G ratio of 3.21 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 EPS for the quarter, topping analysts’ consensus estimates of $0.81 by $0.24. The firm had revenue of $2.30 billion for the quarter, compared to analyst estimates of $2.12 billion. Prologis had a net margin of 41.54% and a return on equity of 6.47%. The company’s revenue was up 6.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.43 EPS. Prologis has set its FY 2026 guidance at 6.070-6.230 EPS. As a group, research analysts forecast that Prologis, Inc. will post 6.18 EPS for the current fiscal year.

Prologis Dividend Announcement

The firm also recently announced 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. This represents a $4.28 annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend is Tuesday, June 16th. Prologis’s dividend payout ratio (DPR) 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.