Prologis, Inc. $PLD Shares Sold by Aew Capital Management L P

Aew Capital Management L P lowered its position in shares of Prologis, Inc. (NYSE:PLD) by 12.5% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 973,308 shares of the real estate investment trust’s stock after selling 138,775 shares during the quarter. Prologis comprises 9.0% of Aew Capital Management L P’s holdings, making the stock its 2nd biggest position. Aew Capital Management L P’s holdings in Prologis were worth $124,252,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of PLD. High Point Wealth Management LLC acquired a new position in shares of Prologis during the 4th quarter worth approximately $26,000. Ares Financial Consulting LLC acquired a new stake in shares of Prologis in the fourth quarter valued at approximately $26,000. Eagle Bay Advisors LLC acquired a new stake in shares of Prologis in the fourth quarter valued at approximately $27,000. High Note Wealth LLC raised its position in shares of Prologis by 43.9% in the fourth 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 in the last quarter. Finally, True Wealth Design LLC raised its position in shares of Prologis by 87.1% in the fourth 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 in the last quarter. Institutional investors and hedge funds own 93.50% of the company’s stock.

Prologis Stock Performance

Shares of NYSE:PLD opened at $144.44 on Thursday. The company’s 50 day simple moving average is $137.45 and its 200 day simple moving average is $133.12. The stock has a market capitalization of $134.67 billion, a price-to-earnings ratio of 36.38, a price-to-earnings-growth ratio of 3.14 and a beta of 1.33. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.51 and a quick ratio of 0.51. Prologis, Inc. has a 1 year low of $103.02 and a 1 year high of $145.44.

Prologis (NYSE:PLD) last announced its quarterly earnings data 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 analysts’ expectations of $2.12 billion. Prologis had a net margin of 41.54% and a return on equity of 6.47%. The firm’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same period last year, the firm posted $1.43 earnings per share. Prologis has set its FY 2026 guidance at 6.070-6.230 EPS. As a group, research analysts predict that Prologis, Inc. will post 6.17 EPS for the current fiscal year.

Prologis Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 16th will be given a $1.07 dividend. This represents a $4.28 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date is Tuesday, June 16th. Prologis’s payout ratio is currently 107.81%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on PLD. Freedom Capital downgraded shares of Prologis from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 23rd. Royal Bank Of Canada increased their target price on Prologis from $135.00 to $148.00 and gave the stock a “sector perform” rating in a report on Tuesday, April 28th. Citigroup raised their price target on Prologis from $145.00 to $165.00 and gave the stock a “buy” rating in a research report on Tuesday, April 21st. Truist Financial raised their price target on Prologis from $139.00 to $154.00 and gave the stock a “buy” rating in a research report on Friday, April 24th. Finally, BNP Paribas Exane raised their price target on Prologis from $140.00 to $150.00 and gave the stock an “outperform” rating in a research report on Friday, April 17th. Sixteen research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, Prologis has a consensus rating of “Moderate Buy” and a consensus target price 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.