CIBC Asset Management Inc Has $36.46 Million Position in Prologis, Inc. $PLD

CIBC Asset Management Inc grew its holdings in shares of Prologis, Inc. (NYSE:PLD) by 46.8% in the fourth quarter, HoldingsChannel.com reports. The fund owned 285,565 shares of the real estate investment trust’s stock after acquiring an additional 91,096 shares during the quarter. CIBC Asset Management Inc’s holdings in Prologis were worth $36,455,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of PLD. High Point Wealth Management LLC acquired a new stake in shares of Prologis in the 4th quarter valued at about $26,000. Ares Financial Consulting LLC acquired a new stake in shares of Prologis in the 4th quarter valued at about $26,000. Eagle Bay Advisors LLC acquired a new stake in shares of Prologis in the 4th quarter valued at about $27,000. High Note Wealth LLC grew its stake in shares of Prologis by 43.9% in the 4th quarter. High Note Wealth LLC now owns 249 shares of the real estate investment trust’s stock valued at $32,000 after buying an additional 76 shares during the period. Finally, True Wealth Design LLC grew its stake in shares of Prologis by 87.1% in the 4th quarter. True Wealth Design LLC now owns 262 shares of the real estate investment trust’s stock valued at $33,000 after buying an additional 122 shares during the period. 93.50% of the stock is currently owned by institutional investors and hedge funds.

Prologis Price Performance

PLD stock opened at $142.24 on Thursday. The company has a market capitalization of $132.62 billion, a P/E ratio of 35.83, a price-to-earnings-growth ratio of 3.09 and a beta of 1.32. 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, Inc. has a 52-week low of $103.41 and a 52-week high of $147.93. The business has a 50-day simple moving average of $139.84 and a two-hundred day simple moving average of $134.50.

Prologis (NYSE:PLD) last released its quarterly 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 during the quarter, compared to the consensus estimate of $2.12 billion. Prologis had a return on equity of 6.47% and a net margin of 41.54%.The company’s quarterly revenue was up 6.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.43 EPS. Prologis has set its FY 2026 guidance at 6.070-6.230 EPS. Research analysts expect that Prologis, Inc. will post 6.18 EPS for the current fiscal 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 is Tuesday, June 16th. This represents a $4.28 dividend on an annualized basis and a yield of 3.0%. Prologis’s payout ratio is 107.81%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on PLD. Wells Fargo & Company raised their target price on Prologis from $155.00 to $167.00 and gave the company an “overweight” rating in a research note on Monday. Bank of America raised 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. Mizuho raised their target price on Prologis from $143.00 to $150.00 and gave the company an “outperform” rating in a research note on Wednesday, April 22nd. Jefferies Financial Group reduced their target price on Prologis from $157.00 to $155.00 and set a “buy” rating for the company in a research note on Tuesday, April 14th. Finally, Truist Financial raised their target price on Prologis from $139.00 to $154.00 and gave the company a “buy” rating in a research note on Friday, April 24th. Sixteen investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $151.86.

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.