SVB Wealth LLC Acquires 12,198 Shares of Prologis, Inc. $PLD

SVB Wealth LLC increased its holdings in Prologis, Inc. (NYSE:PLD) by 124.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,994 shares of the real estate investment trust’s stock after acquiring an additional 12,198 shares during the period. SVB Wealth LLC’s holdings in Prologis were worth $2,808,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of PLD. Swedbank AB grew its holdings in shares of Prologis by 36.2% in the fourth quarter. Swedbank AB now owns 7,664,583 shares of the real estate investment trust’s stock valued at $978,461,000 after acquiring an additional 2,038,329 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of 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 valued at $15,743,451,000 after acquiring an additional 1,258,407 shares in the last quarter. Amundi grew its holdings in shares of Prologis by 22.0% in the third quarter. Amundi now owns 5,651,563 shares of the real estate investment trust’s stock valued at $661,968,000 after acquiring an additional 1,020,819 shares in the last quarter. Federated Hermes Inc. grew its holdings in shares of Prologis by 30.3% in 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 bought a new position in shares of Prologis in the third quarter valued at approximately $112,141,000. 93.50% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently issued reports on PLD shares. 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 report on Tuesday, April 14th. Evercore set a $135.00 target price on Prologis in a report on Friday, April 17th. UBS Group upped their target price on Prologis from $148.00 to $161.00 and gave the company a “buy” rating in a report on Friday, April 17th. Truist Financial upped their price objective on Prologis from $139.00 to $154.00 and gave the company a “buy” rating in a research note on Friday, April 24th. Finally, BMO Capital Markets upgraded Prologis from a “market perform” rating to an “outperform” rating and upped their price objective for the company from $137.00 to $162.00 in a research note on Thursday, May 7th. Sixteen analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $149.76.

Prologis Price Performance

Prologis stock opened at $144.12 on Tuesday. Prologis, Inc. has a 12 month low of $103.02 and a 12 month high of $145.44. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.60. The business’s 50 day simple moving average is $136.94 and its 200 day simple moving average is $132.28. The company has a market cap of $134.37 billion, a price-to-earnings ratio of 36.30, a PEG ratio of 3.17 and a beta of 1.33.

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, beating the consensus estimate of $0.81 by $0.24. Prologis had a return on equity of 6.47% and a net margin of 41.54%.The business had revenue of $2.30 billion for the quarter, compared to the consensus estimate of $2.12 billion. During the same quarter in the prior year, the business earned $1.43 earnings per share. Prologis’s revenue for the quarter was up 6.9% on a year-over-year basis. Prologis has set its FY 2026 guidance at 6.070-6.230 EPS. Sell-side analysts forecast that Prologis, Inc. will post 6.17 EPS for the current year.

Prologis Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 16th will be paid a $1.07 dividend. The ex-dividend date is Tuesday, June 16th. This represents a $4.28 annualized dividend and a yield of 3.0%. Prologis’s dividend payout ratio is presently 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.