Plancorp LLC Has $5.84 Million Position in Prologis, Inc. $PLD

Plancorp LLC reduced its stake in shares of Prologis, Inc. (NYSE:PLD) by 10.0% during the 4th quarter, HoldingsChannel reports. The fund owned 45,780 shares of the real estate investment trust’s stock after selling 5,099 shares during the period. Plancorp LLC’s holdings in Prologis were worth $5,844,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the stock. Swedbank AB increased its position in Prologis by 36.2% in the 4th quarter. Swedbank AB now owns 7,664,583 shares of the real estate investment trust’s stock worth $978,461,000 after purchasing an additional 2,038,329 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of 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 increased its holdings in Prologis by 22.0% in the third quarter. Amundi now owns 5,651,563 shares of the real estate investment trust’s stock worth $661,968,000 after buying an additional 1,020,819 shares during the last quarter. Federated Hermes Inc. raised its position in Prologis by 30.3% during the third quarter. Federated Hermes Inc. now owns 4,256,236 shares of the real estate investment trust’s stock valued at $487,424,000 after acquiring an additional 988,986 shares in the last quarter. Finally, Mondrian Investment Partners LTD acquired a new stake in Prologis in the third quarter valued at approximately $112,141,000. 93.50% of the stock is owned by institutional investors and hedge funds.

Prologis Trading Down 1.0%

NYSE:PLD opened at $142.27 on Thursday. The company’s 50 day moving average is $136.96 and its 200-day moving average is $132.52. The company has a quick ratio of 0.51, a current 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 firm has a market cap of $132.64 billion, a price-to-earnings ratio of 35.84, a P/E/G ratio of 3.17 and a beta of 1.33.

Prologis (NYSE:PLD) last posted its earnings results on Thursday, April 16th. The real estate investment trust reported $1.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.81 by $0.24. The business had revenue of $2.30 billion for the quarter, compared to analyst estimates of $2.12 billion. Prologis had a net margin of 41.54% and a return on equity of 6.47%. Prologis’s revenue was up 6.9% compared to the same quarter last year. During the same period last year, the business posted $1.43 EPS. Prologis has set its FY 2026 guidance at 6.070-6.230 EPS. Equities analysts anticipate that Prologis, Inc. will post 6.17 EPS for the current year.

Prologis Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 16th will be given 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 currently 107.81%.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the stock. Mizuho increased their price target on shares of Prologis from $143.00 to $150.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 22nd. Scotiabank lifted their price objective on shares of Prologis from $146.00 to $154.00 and gave the company an “outperform” rating in a research note on Tuesday, April 21st. The Goldman Sachs Group reiterated a “neutral” rating and issued a $157.00 price objective on shares of Prologis in a report on Friday, April 17th. Evercore set a $135.00 target price on Prologis in a report on Friday, April 17th. Finally, BMO Capital Markets raised Prologis from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $137.00 to $162.00 in a research report on Thursday, May 7th. Sixteen investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, Prologis currently has a consensus rating of “Moderate Buy” and a consensus price target of $149.76.

Prologis 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.