TD Asset Management Inc Has $47.06 Million Position in Prologis, Inc. $PLD

TD Asset Management Inc grew its holdings in Prologis, Inc. (NYSE:PLD) by 4.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 368,624 shares of the real estate investment trust’s stock after purchasing an additional 14,691 shares during the quarter. TD Asset Management Inc’s holdings in Prologis were worth $47,059,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Cibc World Market Inc. grew its position in Prologis by 6.1% during the fourth quarter. Cibc World Market Inc. now owns 446,917 shares of the real estate investment trust’s stock worth $57,053,000 after buying an additional 25,590 shares in the last quarter. Sivia Capital Partners LLC raised its stake in shares of Prologis by 135.2% in the fourth quarter. Sivia Capital Partners LLC now owns 4,457 shares of the real estate investment trust’s stock valued at $569,000 after acquiring an additional 2,562 shares during the last quarter. Shepherd Street Advisors LLC bought a new position in shares of Prologis in the fourth quarter valued at approximately $443,000. CIBC Asset Management Inc raised its stake in shares of Prologis by 46.8% in the fourth quarter. CIBC Asset Management Inc now owns 285,565 shares of the real estate investment trust’s stock valued at $36,455,000 after acquiring an additional 91,096 shares during the last quarter. Finally, Westpac Banking Corp raised its position in Prologis by 0.3% in the 4th quarter. Westpac Banking Corp now owns 71,794 shares of the real estate investment trust’s stock worth $9,165,000 after purchasing an additional 206 shares during the last quarter. 93.50% of the stock is owned by institutional investors and hedge funds.

Prologis Stock Up 0.6%

Shares of PLD stock opened at $144.69 on Friday. 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 firm’s 50-day moving average is $140.40 and its 200-day moving average is $134.72. The stock has a market cap of $134.90 billion, a price-to-earnings ratio of 36.45, a PEG ratio of 3.18 and a beta of 1.32. Prologis, Inc. has a 52-week low of $103.41 and a 52-week high of $147.93.

Prologis (NYSE:PLD) last issued its earnings results on Thursday, April 16th. The real estate investment trust reported $1.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.81 by $0.24. The company had revenue of $2.30 billion for the quarter, compared to analysts’ expectations of $2.12 billion. Prologis had a net margin of 41.54% and a return on equity of 6.47%. Prologis’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.43 EPS. Prologis has set its FY 2026 guidance at 6.070-6.230 EPS. Sell-side analysts predict that Prologis, Inc. will post 6.18 EPS for the current year.

Prologis Dividend Announcement

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

Wall Street Analyst Weigh In

Several research analysts recently weighed in on PLD shares. DA Davidson boosted their price objective on shares of Prologis from $140.00 to $160.00 and gave the stock a “buy” rating in a research report on Tuesday, April 21st. Evercore set a $135.00 price target on shares of Prologis in a report on Friday, April 17th. Scotiabank boosted their price target on shares of Prologis from $146.00 to $154.00 and gave the company an “outperform” rating in a report on Tuesday, April 21st. Bank of America upped their target price on shares of Prologis from $153.00 to $162.00 and gave the stock a “buy” rating in a research note on Monday, April 20th. Finally, Argus upped their target price on shares of Prologis from $135.00 to $152.00 and gave the stock a “buy” rating in a research note on Friday, April 17th. Sixteen investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $151.86.

About Prologis

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.