Hsbc Holdings PLC Purchases 324,723 Shares of Prologis, Inc. $PLD

Hsbc Holdings PLC grew its holdings in Prologis, Inc. (NYSE:PLD) by 10.0% during the 4th quarter, HoldingsChannel reports. The firm owned 3,581,795 shares of the real estate investment trust’s stock after acquiring an additional 324,723 shares during the quarter. Hsbc Holdings PLC’s holdings in Prologis were worth $457,369,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the business. High Point Wealth Management LLC bought a new stake in Prologis during the 4th quarter valued at approximately $26,000. Ares Financial Consulting LLC acquired a new stake in Prologis in the 4th quarter valued at approximately $26,000. Eagle Bay Advisors LLC bought a new position in Prologis in the 4th quarter worth approximately $27,000. SouthState Bank Corp increased its position in Prologis by 73.1% in the 4th quarter. SouthState Bank Corp now owns 225 shares of the real estate investment trust’s stock worth $29,000 after buying an additional 95 shares during the period. Finally, Hilton Head Capital Partners LLC acquired a new position in shares of Prologis during the fourth quarter worth approximately $29,000. 93.50% of the stock is currently owned by institutional investors.

Prologis Trading Up 0.1%

PLD opened at $140.63 on Friday. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.60. The stock has a market capitalization of $131.11 billion, a PE ratio of 35.42, a PEG ratio of 3.09 and a beta of 1.32. Prologis, Inc. has a 1-year low of $103.41 and a 1-year high of $150.18. The firm has a 50-day moving average price of $142.91 and a two-hundred day moving average price of $136.05.

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

Prologis Announces Dividend

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 paid a $1.07 dividend. This represents a $4.28 annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend is Tuesday, June 16th. Prologis’s dividend payout ratio (DPR) is 107.81%.

Analyst Ratings Changes

PLD has been the topic of several research analyst reports. Citigroup raised their price objective on shares of Prologis from $145.00 to $165.00 and gave the stock a “buy” rating in a research note on Tuesday, April 21st. BTIG Research reiterated a “buy” rating and set a $155.00 target price on shares of Prologis in a research note on Wednesday, April 15th. BNP Paribas Exane increased their price target on shares of Prologis from $140.00 to $150.00 and gave the company an “outperform” rating in a report on Friday, April 17th. Truist Financial increased their price target on shares of Prologis from $139.00 to $154.00 and gave the company a “buy” rating in a report on Friday, April 24th. Finally, DA Davidson raised their price target 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. Fifteen investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $151.48.

Insider Activity at Prologis

In other news, CFO Timothy D. Arndt sold 3,597 shares of the business’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $150.00, for a total transaction of $539,550.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.52% of the company’s stock.

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.