SVB Wealth LLC Purchases 4,456 Shares of Prologis, Inc. $PLD

SVB Wealth LLC boosted its position in Prologis, Inc. (NYSE:PLD) by 83.4% in the third quarter, HoldingsChannel reports. The firm owned 9,796 shares of the real estate investment trust’s stock after buying an additional 4,456 shares during the quarter. SVB Wealth LLC’s holdings in Prologis were worth $1,122,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in Prologis by 0.3% in the 2nd quarter. Vanguard Group Inc. now owns 121,741,332 shares of the real estate investment trust’s stock worth $12,797,449,000 after acquiring an additional 401,922 shares during the last quarter. State Street Corp raised its position in shares of Prologis by 1.9% in the second quarter. State Street Corp now owns 58,640,842 shares of the real estate investment trust’s stock valued at $6,164,325,000 after purchasing an additional 1,088,544 shares during the period. Geode Capital Management LLC lifted its stake in shares of Prologis by 1.4% during the 2nd quarter. Geode Capital Management LLC now owns 22,416,833 shares of the real estate investment trust’s stock valued at $2,345,922,000 after buying an additional 310,333 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in Prologis by 1.6% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 16,506,899 shares of the real estate investment trust’s stock worth $1,735,205,000 after buying an additional 253,338 shares during the period. Finally, Norges Bank purchased a new position in Prologis in the 2nd quarter valued at approximately $1,288,936,000. Institutional investors own 93.50% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on PLD. Citigroup restated a “buy” rating on shares of Prologis in a research report on Monday, January 26th. BMO Capital Markets reissued a “market perform” rating and set a $123.00 price objective on shares of Prologis in a report on Thursday, January 22nd. BTIG Research lifted their target price on Prologis from $134.00 to $155.00 and gave the company a “buy” rating in a report on Wednesday, December 31st. Barclays reissued an “overweight” rating and issued a $139.00 price target on shares of Prologis in a report on Tuesday, January 13th. Finally, Scotiabank raised shares of Prologis from a “sector perform” rating to a “sector outperform” rating and boosted their price objective for the company from $133.00 to $146.00 in a research note on Wednesday, January 14th. Thirteen equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $135.32.

Insider Activity at Prologis

In other news, Director Cristina Gabriela Bita sold 621 shares of the business’s stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $127.60, for a total value of $79,239.60. Following the completion of the sale, the director directly owned 8,208 shares in the company, valued at approximately $1,047,340.80. The trade was a 7.03% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.57% of the company’s stock.

Prologis Price Performance

PLD stock opened at $140.41 on Wednesday. The firm has a 50 day simple moving average of $129.87 and a two-hundred day simple moving average of $121.36. The stock has a market cap of $130.42 billion, a PE ratio of 39.55, a P/E/G ratio of 3.40 and a beta of 1.42. Prologis, Inc. has a one year low of $85.35 and a one year high of $140.96. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.19 and a quick ratio of 0.64.

Prologis (NYSE:PLD) last announced its earnings results on Wednesday, January 21st. The real estate investment trust reported $1.44 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.44. Prologis had a net margin of 37.86% and a return on equity of 5.78%. The company had revenue of $2.25 billion during the quarter, compared to analyst estimates of $2.09 billion. During the same period in the previous year, the business earned $1.42 earnings per share. The firm’s quarterly revenue was up 7.8% compared to the same quarter last year. Prologis has set its FY 2026 guidance at 6.000-6.200 EPS. On average, analysts predict that Prologis, Inc. will post 5.73 EPS for the current fiscal year.

Prologis Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 16th were given a dividend of $1.01 per share. This represents a $4.04 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date was Tuesday, December 16th. Prologis’s dividend payout ratio (DPR) is presently 113.80%.

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.