SVB Wealth LLC Boosts Stock Position in Prologis, Inc. $PLD

SVB Wealth LLC grew its stake in shares of Prologis, Inc. (NYSE:PLD) by 124.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 21,994 shares of the real estate investment trust’s stock after acquiring an additional 12,198 shares during the period. SVB Wealth LLC’s holdings in Prologis were worth $2,808,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the stock. Vanguard Group Inc. lifted its position in shares of Prologis by 1.0% during 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 in the last quarter. Principal Financial Group Inc. lifted its position in shares of Prologis by 1.3% during the fourth quarter. Principal Financial Group Inc. now owns 10,946,760 shares of the real estate investment trust’s stock worth $1,397,467,000 after acquiring an additional 135,912 shares in the last quarter. Swedbank AB lifted its position in shares of Prologis by 36.2% during 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 in the last quarter. Capital International Investors lifted its position in shares of Prologis by 15.0% during the third quarter. Capital International Investors now owns 7,247,383 shares of the real estate investment trust’s stock worth $829,970,000 after acquiring an additional 946,847 shares in the last quarter. Finally, Wellington Management Group LLP lifted its position in shares of Prologis by 1.2% during the third quarter. Wellington Management Group LLP now owns 6,995,375 shares of the real estate investment trust’s stock worth $801,110,000 after acquiring an additional 85,012 shares in the last quarter. Hedge funds and other institutional investors own 93.50% of the company’s stock.

Analysts Set New Price Targets

Several research firms have issued reports on PLD. Argus increased their target price on Prologis from $135.00 to $152.00 and gave the stock a “buy” rating in a research report on Friday, April 17th. DA Davidson increased their target price on Prologis from $140.00 to $160.00 and gave the stock a “buy” rating in a research report on Tuesday, April 21st. Robert W. Baird upped their price target on shares of Prologis from $133.00 to $136.00 and gave the stock a “neutral” rating in a report on Friday, April 17th. Freedom Capital cut shares of Prologis from a “strong-buy” rating to a “hold” rating in a report on Friday, January 23rd. Finally, Royal Bank Of Canada upped their price target 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. Sixteen investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $149.76.

Prologis Trading Up 0.0%

Prologis stock opened at $144.12 on Tuesday. The stock has a market cap of $134.37 billion, a P/E ratio of 36.30, a PEG ratio of 3.17 and a beta of 1.33. Prologis, Inc. has a fifty-two week low of $103.02 and a fifty-two week high of $145.44. The firm’s fifty day moving average price is $136.94 and its 200-day moving average price is $132.28. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.51 and a current ratio of 0.51.

Prologis (NYSE:PLD) last released its quarterly earnings results on Thursday, April 16th. The real estate investment trust reported $1.05 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.24. The firm 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%. The business’s quarterly revenue was up 6.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.43 earnings per share. Prologis has set its FY 2026 guidance at 6.070-6.230 EPS. Equities research analysts forecast that Prologis, Inc. will post 6.17 earnings per share for the current fiscal year.

Prologis Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors 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 yield of 3.0%. The ex-dividend date of this dividend is Tuesday, June 16th. Prologis’s dividend payout ratio 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.