Sapient Capital LLC Purchases 3,842 Shares of Prologis, Inc. $PLD

Sapient Capital LLC boosted its position in Prologis, Inc. (NYSE:PLD) by 98.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,751 shares of the real estate investment trust’s stock after acquiring an additional 3,842 shares during the quarter. Sapient Capital LLC’s holdings in Prologis were worth $1,000,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the company. Swedbank AB lifted its holdings in shares of Prologis by 36.2% in the fourth quarter. Swedbank AB now owns 7,664,583 shares of the real estate investment trust’s stock worth $978,461,000 after acquiring an additional 2,038,329 shares during the last quarter. Bessemer Group Inc. lifted its holdings in shares of Prologis by 8,000.9% in the fourth quarter. Bessemer Group Inc. now owns 1,595,963 shares of the real estate investment trust’s stock worth $203,741,000 after acquiring an additional 1,576,262 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Prologis by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 123,323,290 shares of the real estate investment trust’s stock worth $15,743,451,000 after acquiring an additional 1,258,407 shares during the last quarter. Amundi lifted its holdings in shares of Prologis by 22.0% in the third quarter. Amundi now owns 5,651,563 shares of the real estate investment trust’s stock worth $661,968,000 after acquiring an additional 1,020,819 shares during the last quarter. Finally, Federated Hermes Inc. lifted its holdings in shares of Prologis by 30.3% in the third quarter. Federated Hermes Inc. now owns 4,256,236 shares of the real estate investment trust’s stock worth $487,424,000 after acquiring an additional 988,986 shares during the last quarter. 93.50% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Argus increased their target price on shares of Prologis from $135.00 to $152.00 and gave the stock a “buy” rating in a report on Friday, April 17th. Citigroup increased their target price on shares of Prologis from $145.00 to $165.00 and gave the stock a “buy” rating in a report on Tuesday, April 21st. Royal Bank Of Canada increased their target price on shares of Prologis from $135.00 to $148.00 and gave the stock a “sector perform” rating in a report on Tuesday, April 28th. BMO Capital Markets raised 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 report on Thursday, May 7th. Finally, Wall Street Zen raised shares of Prologis from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Sixteen research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $149.76.

Prologis Stock Up 1.2%

Shares of NYSE PLD opened at $142.26 on Tuesday. The company has a market capitalization of $132.63 billion, a P/E ratio of 35.83, a price-to-earnings-growth ratio of 3.10 and a beta of 1.33. Prologis, Inc. has a 52-week low of $103.02 and a 52-week high of $145.44. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.51 and a current ratio of 0.51. The company’s 50 day moving average price is $137.10 and its 200-day moving average price is $132.85.

Prologis (NYSE:PLD) last issued its quarterly earnings results on Thursday, April 16th. The real estate investment trust reported $1.05 earnings per share (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 the consensus estimate of $2.12 billion. Prologis had a net margin of 41.54% and a return on equity of 6.47%. The company’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.43 EPS. Prologis has set its FY 2026 guidance at 6.070-6.230 EPS. Equities analysts forecast that Prologis, Inc. will post 6.17 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 given a dividend of $1.07 per share. 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 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.