Stevens Capital Management LP Reduces Holdings in Prologis, Inc. $PLD

Stevens Capital Management LP lowered its holdings in shares of Prologis, Inc. (NYSE:PLD) by 53.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,186 shares of the real estate investment trust’s stock after selling 15,057 shares during the period. Stevens Capital Management LP’s holdings in Prologis were worth $1,683,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Swedbank AB grew its position 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 valued at $978,461,000 after purchasing an additional 2,038,329 shares during the last quarter. Vanguard Group Inc. lifted its stake in Prologis by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 123,323,290 shares of the real estate investment trust’s stock valued at $15,743,451,000 after buying an additional 1,258,407 shares in the last quarter. Amundi lifted its stake in Prologis by 22.0% in the 3rd quarter. Amundi now owns 5,651,563 shares of the real estate investment trust’s stock valued at $661,968,000 after buying an additional 1,020,819 shares in the last quarter. Federated Hermes Inc. grew its holdings in Prologis by 30.3% during the 3rd quarter. Federated Hermes Inc. now owns 4,256,236 shares of the real estate investment trust’s stock valued at $487,424,000 after buying an additional 988,986 shares during the last quarter. Finally, Mondrian Investment Partners LTD purchased a new position in Prologis during the third quarter worth $112,141,000. 93.50% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

PLD has been the subject of a number of analyst reports. The Goldman Sachs Group reissued a “neutral” rating and issued a $157.00 price target on shares of Prologis in a report on Friday, April 17th. Citigroup lifted their price objective on Prologis from $145.00 to $165.00 and gave the stock a “buy” rating in a research report on Tuesday, April 21st. Scotiabank upped their target price on shares of Prologis from $146.00 to $154.00 and gave the company an “outperform” rating in a report on Tuesday, April 21st. UBS Group raised their price target on shares of Prologis from $148.00 to $161.00 and gave the stock a “buy” rating in a research note on Friday, April 17th. Finally, Morgan Stanley set a $135.00 price target on shares of Prologis in a report on Friday, January 16th. Fifteen investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $147.90.

Prologis Stock Up 1.1%

Shares of NYSE:PLD opened at $140.27 on Wednesday. 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 firm has a market cap of $130.78 billion, a price-to-earnings ratio of 35.33, a PEG ratio of 3.06 and a beta of 1.33. The stock’s 50-day moving average price is $136.75 and its two-hundred day moving average price is $131.76. Prologis, Inc. has a 12-month low of $103.02 and a 12-month high of $145.44.

Prologis (NYSE:PLD) last posted its quarterly earnings data 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. The company had revenue of $2.30 billion during 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 quarterly revenue was up 6.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.43 EPS. Prologis has set its FY 2026 guidance at 6.070-6.230 EPS. On average, research analysts forecast that Prologis, Inc. will post 6.17 EPS for the current year.

Prologis Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 16th will be paid a dividend of $1.07 per share. The ex-dividend date of this dividend is Tuesday, June 16th. This represents a $4.28 dividend on an annualized basis and a yield of 3.1%. Prologis’s dividend payout ratio (DPR) is currently 107.81%.

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.