Swiss Life Asset Management Ltd Buys 18,043 Shares of Prologis, Inc. $PLD

Swiss Life Asset Management Ltd lifted its stake in shares of Prologis, Inc. (NYSE:PLD) by 10.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 190,879 shares of the real estate investment trust’s stock after acquiring an additional 18,043 shares during the quarter. Swiss Life Asset Management Ltd’s holdings in Prologis were worth $24,368,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in PLD. Brighton Jones LLC boosted its stake in shares of Prologis by 629.0% during the 4th quarter. Brighton Jones LLC now owns 17,475 shares of the real estate investment trust’s stock worth $1,847,000 after acquiring an additional 15,078 shares in the last quarter. Schnieders Capital Management LLC. boosted its stake in shares of Prologis by 45.4% during the 2nd quarter. Schnieders Capital Management LLC. now owns 10,728 shares of the real estate investment trust’s stock worth $1,128,000 after acquiring an additional 3,350 shares in the last quarter. Walleye Capital LLC bought a new stake in shares of Prologis during the 2nd quarter worth about $422,000. NewEdge Advisors LLC boosted its stake in shares of Prologis by 6.8% during the 2nd quarter. NewEdge Advisors LLC now owns 63,829 shares of the real estate investment trust’s stock worth $6,710,000 after acquiring an additional 4,074 shares in the last quarter. Finally, Treasurer of the State of North Carolina boosted its stake in shares of Prologis by 2.4% during the 2nd quarter. Treasurer of the State of North Carolina now owns 433,312 shares of the real estate investment trust’s stock worth $45,550,000 after acquiring an additional 10,266 shares in the last quarter. Institutional investors own 93.50% of the company’s stock.

Prologis Price Performance

Shares of PLD stock opened at $144.12 on Tuesday. The stock has a 50 day moving average of $136.94 and a two-hundred day moving average of $132.28. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.60. Prologis, Inc. has a 12 month low of $103.02 and a 12 month high of $145.44. The company has a market capitalization of $134.37 billion, a P/E ratio of 36.30, a P/E/G ratio of 3.17 and a beta of 1.33.

Prologis (NYSE:PLD) last announced its quarterly earnings data on Thursday, April 16th. The real estate investment trust reported $1.05 EPS for the quarter, topping 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 the consensus estimate of $2.12 billion. During the same quarter last year, the company earned $1.43 EPS. The company’s quarterly revenue was up 6.9% on a year-over-year basis. Prologis has set its FY 2026 guidance at 6.070-6.230 EPS. As a group, equities analysts expect that Prologis, Inc. will post 6.17 EPS for the current year.

Prologis Announces Dividend

The business 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. The ex-dividend date of this dividend is Tuesday, June 16th. This represents a $4.28 dividend on an annualized basis and a dividend yield of 3.0%. Prologis’s dividend payout ratio is presently 107.81%.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. Wall Street Zen upgraded Prologis from a “sell” rating to a “hold” rating in a research note on Saturday. BTIG Research reiterated a “buy” rating and set a $155.00 price target on shares of Prologis in a research note on Wednesday, April 15th. Robert W. Baird increased their target price on Prologis from $133.00 to $136.00 and gave the company a “neutral” rating in a research note on Friday, April 17th. Bank of America increased their target price on Prologis from $153.00 to $162.00 and gave the company a “buy” rating in a research note on Monday, April 20th. Finally, Citigroup increased their target price on Prologis from $145.00 to $165.00 and gave the company a “buy” rating in a research note on Tuesday, April 21st. Sixteen investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Prologis currently has a consensus rating of “Moderate Buy” and a consensus price target of $149.76.

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.