KBC Group NV Buys 108,210 Shares of Prologis, Inc. $PLD

KBC Group NV raised its stake in Prologis, Inc. (NYSE:PLD) by 28.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 488,001 shares of the real estate investment trust’s stock after purchasing an additional 108,210 shares during the quarter. KBC Group NV’s holdings in Prologis were worth $64,504,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of the stock. Vanguard Group Inc. grew its holdings in Prologis by 1.0% during 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 in the last quarter. Geode Capital Management LLC raised 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 valued at $2,925,791,000 after buying an additional 339,906 shares during the last quarter. Capital Research Global Investors lifted its stake in Prologis by 4.4% during the 4th quarter. Capital Research Global Investors now owns 16,061,390 shares of the real estate investment trust’s stock valued at $2,050,397,000 after acquiring an additional 678,363 shares in the last quarter. Norges Bank bought a new position in Prologis during the 4th quarter valued at $1,589,125,000. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Prologis by 4.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 11,639,644 shares of the real estate investment trust’s stock worth $1,485,917,000 after acquiring an additional 516,765 shares during the last quarter. Institutional investors own 93.50% of the company’s stock.

Analysts Set New Price Targets

PLD has been the subject of several recent analyst reports. Bank of America upped their target price on shares of Prologis from $153.00 to $162.00 and gave the stock a “buy” rating in a research note on Monday, April 20th. The Goldman Sachs Group reissued a “neutral” rating and set a $157.00 price target on shares of Prologis in a research report on Friday, April 17th. JPMorgan Chase & Co. boosted their price target on shares of Prologis from $141.00 to $157.00 and gave the stock an “overweight” rating in a report on Tuesday, April 21st. Scotiabank downgraded shares of Prologis from a “sector outperform” rating to a “sector perform” rating and reduced their price objective for the stock from $154.00 to $146.00 in a research report on Thursday, June 18th. Finally, Robert W. Baird increased their price objective on shares of Prologis from $133.00 to $136.00 and gave the company a “neutral” rating in a research note on Friday, April 17th. Fifteen analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat.com, Prologis has a consensus rating of “Moderate Buy” and a consensus price target of $153.24.

Trending Headlines about Prologis

Here are the key news stories impacting Prologis this week:

• Negative Sentiment: SEGRO rejected Prologis’ revised takeover offer for the third time, reducing the odds of a deal and weighing on investor sentiment toward PLD. Reuters article
• Negative Sentiment: Prologis’ sweetened bid was publicly rejected again, suggesting management may need to either walk away or pay up further, both of which can create uncertainty for shareholders. Yahoo Finance article
• Neutral Sentiment: Trading activity in Prologis’ stock has climbed within the S&P 500, which points to elevated investor attention but does not by itself explain a clear directional move. Kalkine Media article
• Neutral Sentiment: Momentum-focused commentary and “top growth stock” mentions may support the longer-term bull case, but these pieces are less likely to drive today’s trading than the SEGRO news. Zacks article
• Positive Sentiment: Recent earnings-related coverage highlighted strong lease signings and an improved outlook, which continues to support the stock’s fundamental backdrop even as merger speculation creates volatility. Yahoo Finance article

Prologis Price Performance

PLD opened at $147.43 on Tuesday. Prologis, Inc. has a fifty-two week low of $103.41 and a fifty-two week high of $153.35. The firm has a 50-day moving average of $143.20 and a 200 day moving average of $138.10. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.51 and a current ratio of 0.27. The firm has a market cap of $137.46 billion, a P/E ratio of 32.84 and a beta of 1.32.

Prologis (NYSE:PLD) last announced its quarterly earnings data on Thursday, July 16th. The real estate investment trust reported $1.13 EPS for the quarter, topping the consensus estimate of $0.75 by $0.38. The business had revenue of $2.43 billion for the quarter, compared to analyst estimates of $2.16 billion. Prologis had a net margin of 45.79% and a return on equity of 7.29%. The company’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.46 earnings per share. Prologis has set its FY 2026 guidance at 6.220-6.300 EPS. On average, research analysts expect that Prologis, Inc. will post 6.26 EPS for the current year.

Prologis Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 16th were paid a dividend of $1.07 per share. The ex-dividend date was Tuesday, June 16th. This represents a $4.28 annualized dividend and a dividend yield of 2.9%. Prologis’s dividend payout ratio (DPR) is presently 95.32%.

Insider Activity at Prologis

In related news, CFO Timothy D. Arndt sold 3,597 shares of Prologis stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $150.00, for a total value of $539,550.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 0.52% of the company’s stock.

About Prologis

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.