Fideuram Intesa Sanpaolo Private Banking S.P.A. Makes New $783,000 Investment in Prologis, Inc. $PLD

Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new position in shares of Prologis, Inc. (NYSE:PLD) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 6,131 shares of the real estate investment trust’s stock, valued at approximately $783,000.

Other hedge funds have also recently added to or reduced their stakes in the company. High Point Wealth Management LLC bought a new position in Prologis during the 4th quarter worth $26,000. Ares Financial Consulting LLC acquired a new stake in shares of Prologis in the 4th quarter valued at $26,000. Eagle Bay Advisors LLC acquired a new stake in shares of Prologis in the 4th quarter valued at $27,000. High Note Wealth LLC boosted its holdings in shares of Prologis by 43.9% in the 4th quarter. High Note Wealth LLC now owns 249 shares of the real estate investment trust’s stock valued at $32,000 after purchasing an additional 76 shares in the last quarter. Finally, True Wealth Design LLC boosted its holdings in shares of Prologis by 87.1% during the 4th quarter. True Wealth Design LLC now owns 262 shares of the real estate investment trust’s stock valued at $33,000 after acquiring an additional 122 shares in the last quarter. Institutional investors own 93.50% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Jefferies Financial Group reduced their price objective on Prologis from $157.00 to $155.00 and set a “buy” rating on the stock in a research report on Tuesday, April 14th. DA Davidson boosted their price objective on Prologis from $140.00 to $160.00 and gave the stock a “buy” rating in a research report on Tuesday, April 21st. Evercore set a $135.00 price objective on Prologis in a research report on Friday, April 17th. The Goldman Sachs Group restated a “neutral” rating and set a $157.00 price objective on shares of Prologis in a research report on Friday, April 17th. Finally, Wall Street Zen upgraded Prologis from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Sixteen equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $149.76.

Prologis Trading Up 1.0%

Shares of PLD stock opened at $146.05 on Friday. The stock’s fifty day simple moving average is $137.85 and its 200 day simple moving average is $133.36. Prologis, Inc. has a twelve month low of $103.02 and a twelve month high of $146.27. The firm has a market capitalization of $136.17 billion, a P/E ratio of 36.79, a P/E/G ratio of 3.21 and a beta of 1.33. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 0.60.

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, beating analysts’ consensus estimates of $0.81 by $0.24. Prologis had a return on equity of 6.47% and a net margin of 41.54%.The firm had revenue of $2.30 billion for the quarter, compared to analyst estimates of $2.12 billion. During the same quarter in the previous year, the company posted $1.43 EPS. The business’s revenue 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, sell-side analysts predict that Prologis, Inc. will post 6.17 EPS for the current fiscal year.

Prologis Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 16th will be given a $1.07 dividend. This represents a $4.28 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date is Tuesday, June 16th. Prologis’s payout ratio is 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.