Bamco Inc. NY Grows Stock Holdings in Prologis, Inc. $PLD

Bamco Inc. NY raised its position in shares of Prologis, Inc. (NYSE:PLD) by 24.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,109,127 shares of the real estate investment trust’s stock after purchasing an additional 217,605 shares during the period. Bamco Inc. NY owned approximately 0.12% of Prologis worth $141,591,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Banco Bilbao Vizcaya Argentaria S.A. raised its position in Prologis by 10.8% during the fourth quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 76,156 shares of the real estate investment trust’s stock valued at $9,736,000 after purchasing an additional 7,432 shares in the last quarter. Boothbay Fund Management LLC purchased a new stake in Prologis during the fourth quarter valued at about $388,000. Align Financial LLC purchased a new stake in Prologis during the fourth quarter valued at about $310,000. Guggenheim Capital LLC raised its position in Prologis by 9.1% during the fourth quarter. Guggenheim Capital LLC now owns 163,242 shares of the real estate investment trust’s stock valued at $20,839,000 after purchasing an additional 13,559 shares in the last quarter. Finally, DV Equities LLC purchased a new stake in Prologis during the fourth quarter valued at about $165,000. Hedge funds and other institutional investors own 93.50% of the company’s stock.

Prologis Stock Down 3.6%

PLD opened at $140.83 on Thursday. The company has a market cap of $131.30 billion, a P/E ratio of 35.47, a P/E/G ratio of 3.21 and a beta of 1.32. The business’s 50-day moving average price is $142.69 and its 200-day moving average price is $135.94. 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 $150.18.

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

Prologis Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors 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 3.0%. Prologis’s dividend payout ratio (DPR) is presently 107.81%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on PLD shares. Jefferies Financial Group lowered their price target on Prologis from $157.00 to $155.00 and set a “buy” rating on the stock in a research report on Tuesday, April 14th. DA Davidson raised their price target on Prologis from $140.00 to $160.00 and gave the company a “buy” rating in a research report on Tuesday, April 21st. UBS Group raised their price target on Prologis from $148.00 to $161.00 and gave the company a “buy” rating in a research report on Friday, April 17th. Mizuho lifted their price objective on Prologis from $143.00 to $150.00 and gave the stock an “outperform” rating in a report on Wednesday, April 22nd. Finally, JPMorgan Chase & Co. lifted their price objective on Prologis from $141.00 to $157.00 and gave the stock an “overweight” rating in a report on Tuesday, April 21st. Sixteen research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, Prologis currently has a consensus rating of “Moderate Buy” and a consensus price target of $151.86.

Insider Activity

In related news, CFO Timothy D. Arndt sold 3,597 shares of the firm’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $150.00, for a total value of $539,550.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.52% of the stock is owned by insiders.

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.