Prologis, Inc. $PLD Shares Sold by ING Groep NV

ING Groep NV decreased its holdings in Prologis, Inc. (NYSE:PLD) by 28.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 84,258 shares of the real estate investment trust’s stock after selling 33,885 shares during the quarter. ING Groep NV’s holdings in Prologis were worth $10,756,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its position in Prologis by 1.0% in 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 buying an additional 1,258,407 shares during the last quarter. Geode Capital Management LLC grew its position in Prologis by 1.5% in the fourth quarter. Geode Capital Management LLC now owns 23,012,940 shares of the real estate investment trust’s stock worth $2,925,791,000 after buying an additional 339,906 shares during the last quarter. Capital Research Global Investors grew its position in Prologis by 4.4% in the fourth quarter. Capital Research Global Investors now owns 16,061,390 shares of the real estate investment trust’s stock worth $2,050,397,000 after buying an additional 678,363 shares during the last quarter. Norges Bank acquired a new position in Prologis in the fourth quarter worth approximately $1,589,125,000. Finally, Legal & General Group Plc grew its position in Prologis by 6.1% in the fourth quarter. Legal & General Group Plc now owns 11,443,741 shares of the real estate investment trust’s stock worth $1,460,908,000 after buying an additional 661,502 shares during the last quarter. Institutional investors and hedge funds own 93.50% of the company’s stock.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. BTIG Research restated a “buy” rating and issued a $155.00 price target on shares of Prologis in a research report on Wednesday, April 15th. Wall Street Zen raised shares of Prologis from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Wells Fargo & Company raised their price objective on shares of Prologis from $155.00 to $167.00 and gave the stock an “overweight” rating in a research note on Monday, June 1st. Evercore set a $135.00 price objective on shares of Prologis in a research note on Friday, April 17th. Finally, BNP Paribas Exane raised their price objective on shares of Prologis from $140.00 to $150.00 and gave the stock an “outperform” rating in a research note on Friday, April 17th. Sixteen equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, Prologis has a consensus rating of “Moderate Buy” and a consensus price target of $151.86.

Prologis Trading Up 0.1%

Prologis stock opened at $144.69 on Monday. The company has a 50 day moving average price of $140.40 and a 200 day moving average price of $134.80. Prologis, Inc. has a 52 week low of $103.41 and a 52 week high of $147.93. 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 firm has a market capitalization of $134.90 billion, a price-to-earnings ratio of 36.45, a P/E/G ratio of 3.18 and a beta of 1.32.

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, topping analysts’ consensus estimates of $0.81 by $0.24. Prologis had a net margin of 41.54% and a return on equity of 6.47%. The firm had revenue of $2.30 billion during the quarter, compared to analyst estimates of $2.12 billion. During the same quarter last year, the business posted $1.43 EPS. The company’s revenue was up 6.9% on a year-over-year basis. Prologis has set its FY 2026 guidance at 6.070-6.230 EPS. Research analysts forecast that Prologis, Inc. will post 6.18 EPS for the current year.

Prologis Dividend Announcement

The business also recently announced 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 dividend yield of 3.0%. Prologis’s dividend payout ratio (DPR) is 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.