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

SVB Wealth LLC boosted its holdings in Prologis, Inc. (NYSE:PLD) by 83.4% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor 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 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the business. Clayton Financial Group LLC acquired a new stake in shares of Prologis in the 3rd quarter valued at approximately $26,000. Silver Oak Securities Incorporated bought a new position in Prologis in the 3rd quarter valued at approximately $36,000. AlphaQuest LLC acquired a new stake in Prologis in the third quarter valued at approximately $39,000. Twin Peaks Wealth Advisors LLC acquired a new stake in Prologis in the second quarter valued at approximately $44,000. Finally, SJS Investment Consulting Inc. bought a new stake in shares of Prologis during the third quarter worth $44,000. Institutional investors and hedge funds own 93.50% of the company’s stock.

Prologis Stock Up 2.3%

Shares of NYSE PLD opened at $140.41 on Wednesday. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.19 and a quick ratio of 0.64. The company has a 50-day moving average price of $129.87 and a 200-day moving average price of $121.36. The stock has a market capitalization of $130.42 billion, a P/E ratio of 39.55, a P/E/G ratio of 3.40 and a beta of 1.42. Prologis, Inc. has a 1 year low of $85.35 and a 1 year high of $140.96.

Prologis (NYSE:PLD) last posted its earnings results on Wednesday, January 21st. The real estate investment trust reported $1.44 earnings per share for the quarter, hitting analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $2.09 billion. During the same quarter in the prior year, the business posted $1.42 EPS. The firm’s 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, equities research analysts forecast that Prologis, Inc. will post 5.73 EPS for the current fiscal year.

Prologis Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 16th were issued a $1.01 dividend. This represents a $4.04 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date was Tuesday, December 16th. Prologis’s dividend payout ratio (DPR) is currently 113.80%.

Analysts Set New Price Targets

PLD has been the subject of a number of research reports. The Goldman Sachs Group increased their price target on Prologis from $133.00 to $137.00 and gave the company a “neutral” rating in a research note on Monday, January 26th. iA Financial set a $119.00 price target on Prologis in a research note on Monday, October 20th. BMO Capital Markets reaffirmed a “market perform” rating and issued a $123.00 price objective on shares of Prologis in a research note on Thursday, January 22nd. Evercore lifted their target price on shares of Prologis from $118.00 to $121.00 and gave the stock an “in-line” rating in a research report on Thursday, January 22nd. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Prologis in a research report on Monday, December 29th. Thirteen investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $135.32.

Insider Activity

In related news, Director Cristina Gabriela Bita sold 621 shares of the company’s stock in a transaction on Monday, December 1st. The stock was sold at an average price of $127.60, for a total transaction of $79,239.60. Following the completion of the sale, the director owned 8,208 shares in the company, valued at approximately $1,047,340.80. This represents a 7.03% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.57% of the stock is currently owned by insiders.

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.