LGT Group Foundation Sells 48,115 Shares of Prologis, Inc. $PLD

LGT Group Foundation cut its position in Prologis, Inc. (NYSE:PLD) by 7.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 609,425 shares of the real estate investment trust’s stock after selling 48,115 shares during the period. Prologis accounts for approximately 0.8% of LGT Group Foundation’s investment portfolio, making the stock its 28th biggest holding. LGT Group Foundation’s holdings in Prologis were worth $70,986,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Schroder Investment Management Group boosted its holdings in Prologis by 16.9% in the third quarter. Schroder Investment Management Group now owns 1,644,024 shares of the real estate investment trust’s stock worth $188,274,000 after acquiring an additional 237,325 shares in the last quarter. Gerber Kawasaki Wealth & Investment Management raised its position in shares of Prologis by 0.5% during the third quarter. Gerber Kawasaki Wealth & Investment Management now owns 22,526 shares of the real estate investment trust’s stock worth $2,580,000 after purchasing an additional 101 shares during the period. Private Advisor Group LLC lifted its holdings in shares of Prologis by 2.5% in the 3rd quarter. Private Advisor Group LLC now owns 46,697 shares of the real estate investment trust’s stock worth $5,348,000 after purchasing an additional 1,158 shares in the last quarter. Jefferies Financial Group Inc. acquired a new stake in Prologis in the 3rd quarter valued at $2,586,000. Finally, Prevail Innovative Wealth Advisors LLC grew its position in Prologis by 6.9% in the 3rd quarter. Prevail Innovative Wealth Advisors LLC now owns 61,092 shares of the real estate investment trust’s stock valued at $6,996,000 after purchasing an additional 3,960 shares during the period. 93.50% of the stock is owned by institutional investors and hedge funds.

Prologis Price Performance

Shares of NYSE:PLD opened at $134.42 on Monday. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.61. The stock has a market cap of $124.95 billion, a PE ratio of 37.86, a price-to-earnings-growth ratio of 3.33 and a beta of 1.41. The stock’s fifty day simple moving average is $133.95 and its two-hundred day simple moving average is $125.56. Prologis, Inc. has a 1-year low of $85.35 and a 1-year high of $143.95.

Prologis (NYSE:PLD) last posted its earnings results on Wednesday, January 21st. The real estate investment trust reported $1.44 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.44. The firm had revenue of $2.25 billion during the quarter, compared to analyst estimates of $2.09 billion. Prologis had a net margin of 37.86% and a return on equity of 5.79%. The business’s revenue was up 7.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.42 EPS. Prologis has set its FY 2026 guidance at 6.000-6.200 EPS. As a group, analysts forecast that Prologis, Inc. will post 5.73 EPS for the current fiscal year.

Prologis Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 17th will be given a $1.07 dividend. This represents a $4.28 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date of this dividend is Tuesday, March 17th. This is a positive change from Prologis’s previous quarterly dividend of $1.01. Prologis’s payout ratio is currently 120.56%.

Analyst Ratings Changes

Several research firms have weighed in on PLD. Morgan Stanley set a $135.00 price objective on shares of Prologis in a report on Friday, January 16th. Jefferies Financial Group lifted their price objective on shares of Prologis from $146.00 to $157.00 and gave the company a “buy” rating in a report on Friday, February 20th. Argus boosted their target price on shares of Prologis from $128.00 to $135.00 and gave the stock a “buy” rating in a research report on Thursday, January 22nd. Royal Bank Of Canada upped their target price on shares of Prologis from $132.00 to $135.00 and gave the stock a “sector perform” rating in a report on Monday, February 2nd. Finally, Mizuho raised their price target on shares of Prologis from $138.00 to $143.00 and gave the company an “outperform” rating in a research report on Monday, January 26th. Fourteen investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price 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.