Prologis, Inc. $PLD Holdings Cut by Bridges Investment Management Inc.

Bridges Investment Management Inc. lowered its holdings in Prologis, Inc. (NYSE:PLD) by 3.2% during the fourth quarter, HoldingsChannel.com reports. The fund owned 127,812 shares of the real estate investment trust’s stock after selling 4,177 shares during the period. Bridges Investment Management Inc.’s holdings in Prologis were worth $16,316,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. grew its position in Prologis by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 123,323,290 shares of the real estate investment trust’s stock worth $15,743,451,000 after purchasing an additional 1,258,407 shares during the last quarter. Geode Capital Management LLC grew its position in Prologis by 1.5% in the 4th quarter. Geode Capital Management LLC now owns 23,012,940 shares of the real estate investment trust’s stock worth $2,925,791,000 after purchasing an additional 339,906 shares during the last quarter. Norges Bank bought a new position in Prologis in the 4th quarter worth about $1,589,125,000. Legal & General Group Plc grew its position in Prologis by 6.1% in the 4th quarter. Legal & General Group Plc now owns 11,443,741 shares of the real estate investment trust’s stock worth $1,460,908,000 after purchasing an additional 661,502 shares during the last quarter. Finally, Principal Financial Group Inc. grew its position in Prologis by 1.3% in the 4th quarter. Principal Financial Group Inc. now owns 10,946,760 shares of the real estate investment trust’s stock worth $1,397,467,000 after purchasing an additional 135,912 shares during the last quarter. Institutional investors own 93.50% of the company’s stock.

Prologis Price Performance

Shares of NYSE PLD opened at $140.25 on Wednesday. Prologis, Inc. has a twelve month low of $103.41 and a twelve month high of $147.93. 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 company has a market capitalization of $130.76 billion, a price-to-earnings ratio of 35.33, a PEG ratio of 3.06 and a beta of 1.32. The firm has a 50-day moving average of $139.36 and a two-hundred day moving average of $134.26.

Prologis (NYSE:PLD) last posted its quarterly earnings data on Thursday, April 16th. The real estate investment trust reported $1.05 earnings per share for the quarter, beating the consensus estimate of $0.81 by $0.24. Prologis had a net margin of 41.54% and a return on equity of 6.47%. The company had revenue of $2.30 billion during the quarter, compared to analyst estimates of $2.12 billion. During the same quarter last year, the firm posted $1.43 EPS. The business’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. As a group, analysts expect that Prologis, Inc. will post 6.18 earnings per share for the current fiscal year.

Prologis Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 16th will be given a dividend of $1.07 per share. The ex-dividend date is Tuesday, June 16th. This represents a $4.28 annualized dividend and a dividend yield of 3.1%. Prologis’s dividend payout ratio (DPR) is 107.81%.

Analyst Upgrades and Downgrades

PLD has been the subject of several recent analyst reports. BMO Capital Markets upgraded shares of Prologis from a “market perform” rating to an “outperform” rating and upped their target price for the stock from $137.00 to $162.00 in a research report on Thursday, May 7th. Citigroup boosted their price target on shares of Prologis from $145.00 to $165.00 and gave the stock a “buy” rating in a research report on Tuesday, April 21st. The Goldman Sachs Group restated a “neutral” rating and set a $157.00 price target on shares of Prologis in a research report on Friday, April 17th. Mizuho boosted their price target on shares of Prologis from $143.00 to $150.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 22nd. Finally, DA Davidson boosted their price target on shares of Prologis from $140.00 to $160.00 and gave the stock a “buy” rating in a research report on Tuesday, April 21st. Sixteen research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $151.86.

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.