Cohen & Steers Inc. Sells 1,712,558 Shares of Prologis, Inc. $PLD

Cohen & Steers Inc. decreased its position in Prologis, Inc. (NYSE:PLD) by 6.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 23,620,909 shares of the real estate investment trust’s stock after selling 1,712,558 shares during the quarter. Prologis comprises approximately 5.5% of Cohen & Steers Inc.’s investment portfolio, making the stock its 4th biggest position. Cohen & Steers Inc.’s holdings in Prologis were worth $3,015,646,000 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 stock. Wealthspire Advisors LLC grew its position in Prologis by 248.9% during the fourth quarter. Wealthspire Advisors LLC now owns 5,613 shares of the real estate investment trust’s stock worth $717,000 after buying an additional 4,004 shares in the last quarter. Gerber Kawasaki Wealth & Investment Management grew its position in Prologis by 2.3% during the fourth quarter. Gerber Kawasaki Wealth & Investment Management now owns 23,038 shares of the real estate investment trust’s stock worth $2,941,000 after buying an additional 512 shares in the last quarter. Summit Financial LLC grew its position in Prologis by 0.8% during the fourth quarter. Summit Financial LLC now owns 19,959 shares of the real estate investment trust’s stock worth $2,548,000 after buying an additional 154 shares in the last quarter. Quadrant Capital Group LLC grew its position in Prologis by 10.8% during the fourth quarter. Quadrant Capital Group LLC now owns 32,630 shares of the real estate investment trust’s stock worth $4,166,000 after buying an additional 3,177 shares in the last quarter. Finally, Advisors Asset Management Inc. grew its position in Prologis by 5.9% during the fourth quarter. Advisors Asset Management Inc. now owns 27,257 shares of the real estate investment trust’s stock worth $3,480,000 after buying an additional 1,522 shares in the last quarter. Institutional investors and hedge funds own 93.50% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on PLD shares. Wall Street Zen raised Prologis from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. UBS Group increased their price target on Prologis from $148.00 to $161.00 and gave the stock a “buy” rating in a research report on Friday, April 17th. Evercore set a $135.00 price target on Prologis in a research report on Friday, April 17th. Bank of America increased their price target on Prologis from $153.00 to $162.00 and gave the stock a “buy” rating in a research report on Monday, April 20th. Finally, The Goldman Sachs Group reissued a “neutral” rating and set a $157.00 price target on shares of Prologis in a research report on Friday, April 17th. Sixteen equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $151.86.

Prologis Stock Up 0.9%

Shares of PLD opened at $148.49 on Friday. Prologis, Inc. has a 52 week low of $103.41 and a 52 week high of $149.70. The stock has a market capitalization of $138.44 billion, a price-to-earnings ratio of 37.40, a PEG ratio of 3.24 and a beta of 1.32. 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 stock has a fifty day moving average of $141.99 and a 200-day moving average of $135.51.

Prologis (NYSE:PLD) last announced its quarterly earnings results on Thursday, April 16th. The real estate investment trust reported $1.05 EPS for the quarter, beating analysts’ consensus estimates of $0.81 by $0.24. Prologis had a return on equity of 6.47% and a net margin of 41.54%.The company had revenue of $2.30 billion during the quarter, compared to analysts’ expectations of $2.12 billion. During the same period in the prior year, the company earned $1.43 EPS. Prologis’s 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. As a group, sell-side analysts anticipate that Prologis, Inc. will post 6.18 earnings per share for the current fiscal year.

Prologis Dividend Announcement

The company also recently declared 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 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date is Tuesday, June 16th. Prologis’s dividend payout ratio is presently 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.