Swiss National Bank Sells 131,200 Shares of Prologis, Inc. $PLD

Swiss National Bank reduced its position in Prologis, Inc. (NYSE:PLD) by 4.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,674,808 shares of the real estate investment trust’s stock after selling 131,200 shares during the quarter. Swiss National Bank owned 0.29% of Prologis worth $306,319,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Clayton Financial Group LLC purchased a new stake in shares of Prologis in the third quarter worth approximately $26,000. Silver Oak Securities Incorporated purchased a new position in Prologis during the 3rd quarter valued at $36,000. Rossby Financial LCC grew its position in Prologis by 69.6% in the 3rd quarter. Rossby Financial LCC now owns 329 shares of the real estate investment trust’s stock valued at $38,000 after acquiring an additional 135 shares during the last quarter. AlphaQuest LLC bought a new position in Prologis in the 3rd quarter valued at $39,000. Finally, Clear Investment Research LLC increased its stake in Prologis by 34.5% in the third quarter. Clear Investment Research LLC now owns 343 shares of the real estate investment trust’s stock worth $39,000 after purchasing an additional 88 shares during the period. Institutional investors own 93.50% of the company’s stock.

Prologis Price Performance

PLD opened at $134.42 on Monday. The company has a market capitalization of $124.95 billion, a price-to-earnings ratio of 37.86, a PEG ratio of 3.33 and a beta of 1.41. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.61. Prologis, Inc. has a 12-month low of $85.35 and a 12-month high of $143.95. The business’s fifty day simple moving average is $133.95 and its 200-day simple moving average is $125.56.

Prologis (NYSE:PLD) last released its quarterly earnings data on Wednesday, January 21st. The real estate investment trust reported $1.44 earnings per share for the quarter, meeting the consensus estimate of $1.44. Prologis had a return on equity of 5.79% and a net margin of 37.86%.The firm had revenue of $2.25 billion during the quarter, compared to the consensus estimate of $2.09 billion. During the same period in the previous year, the company posted $1.42 earnings per share. The firm’s quarterly revenue was up 7.8% on a year-over-year basis. Prologis has set its FY 2026 guidance at 6.000-6.200 EPS. On average, equities research analysts anticipate that Prologis, Inc. will post 5.73 earnings per share for the current fiscal year.

Prologis Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 17th will be issued a $1.07 dividend. The ex-dividend date is Tuesday, March 17th. This represents a $4.28 annualized dividend and a dividend yield of 3.2%. This is an increase from Prologis’s previous quarterly dividend of $1.01. Prologis’s dividend payout ratio (DPR) is presently 120.56%.

Analyst Ratings Changes

Several research firms have recently weighed in on PLD. UBS Group lifted their target price on Prologis from $144.00 to $148.00 and gave the stock a “buy” rating in a research report on Thursday, January 22nd. Freedom Capital downgraded shares of Prologis from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 23rd. Mizuho lifted their price objective on shares of Prologis from $138.00 to $143.00 and gave the company an “outperform” rating in a report on Monday, January 26th. Morgan Stanley set a $135.00 price objective on shares of Prologis in a research report on Friday, January 16th. Finally, BNP Paribas Exane upped their target price on shares of Prologis from $129.00 to $140.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 21st. Fourteen analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat.com, Prologis currently has an average rating of “Moderate Buy” and an average price target of $137.20.

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.