Prologis, Inc. $PLD Stake Increased by Cibc World Market Inc.

Cibc World Market Inc. increased its stake in Prologis, Inc. (NYSE:PLD) by 6.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 446,917 shares of the real estate investment trust’s stock after buying an additional 25,590 shares during the period. Cibc World Market Inc.’s holdings in Prologis were worth $57,053,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Vanguard Group Inc. increased its stake 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 worth $15,743,451,000 after buying an additional 1,258,407 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Prologis by 1.5% in the fourth 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 buying an additional 339,906 shares during the last quarter. Norges Bank bought a new stake in shares of Prologis in the fourth quarter worth $1,589,125,000. Legal & General Group Plc increased its stake in shares of Prologis by 6.1% in the fourth 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 buying an additional 661,502 shares during the last quarter. Finally, Principal Financial Group Inc. increased its stake in shares of Prologis by 1.3% in the fourth 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 buying an additional 135,912 shares during the last quarter. Institutional investors own 93.50% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on PLD shares. Weiss Ratings upgraded shares of Prologis from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, May 1st. BMO Capital Markets upgraded shares of Prologis from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $137.00 to $162.00 in a research note on Thursday, May 7th. Royal Bank Of Canada boosted their target price on shares of Prologis from $135.00 to $148.00 and gave the company a “sector perform” rating in a research note on Tuesday, April 28th. Scotiabank boosted their target price on shares of Prologis from $146.00 to $154.00 and gave the company an “outperform” rating in a research note on Tuesday, April 21st. Finally, Wall Street Zen upgraded shares of Prologis from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Sixteen equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $151.86.

Prologis Stock Up 1.3%

Prologis stock opened at $142.24 on Thursday. The company has a 50-day simple moving average of $139.84 and a 200-day simple moving average of $134.50. The firm has a market capitalization of $132.62 billion, a P/E ratio of 35.83, a P/E/G ratio of 3.09 and a beta of 1.32. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.51 and a current ratio of 0.51. Prologis, Inc. has a one year low of $103.41 and a one year high of $147.93.

Prologis (NYSE:PLD) last released its quarterly earnings results on Thursday, April 16th. The real estate investment trust reported $1.05 EPS for the quarter, topping the consensus estimate of $0.81 by $0.24. The business had revenue of $2.30 billion during the quarter, compared to analyst estimates of $2.12 billion. Prologis had a net margin of 41.54% and a return on equity of 6.47%. The company’s quarterly revenue was up 6.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.43 earnings per share. Prologis has set its FY 2026 guidance at 6.070-6.230 EPS. As a group, equities analysts expect that Prologis, Inc. will post 6.18 earnings per share for the current year.

Prologis Announces Dividend

The company also recently declared 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 3.0%. Prologis’s dividend payout ratio is currently 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.