J.Safra Asset Management Corp Grows Stake in Prologis, Inc. $PLD

J.Safra Asset Management Corp grew its position in Prologis, Inc. (NYSE:PLD) by 127.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,035 shares of the real estate investment trust’s stock after buying an additional 3,939 shares during the quarter. J.Safra Asset Management Corp’s holdings in Prologis were worth $898,000 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 PLD. High Point Wealth Management LLC purchased a new position in Prologis during the 4th quarter valued at about $26,000. Ares Financial Consulting LLC purchased a new stake in shares of Prologis in the 4th quarter worth approximately $26,000. Eagle Bay Advisors LLC purchased a new stake in shares of Prologis in the 4th quarter worth approximately $27,000. SouthState Bank Corp boosted its stake in shares of Prologis by 73.1% during the fourth quarter. SouthState Bank Corp now owns 225 shares of the real estate investment trust’s stock valued at $29,000 after purchasing an additional 95 shares in the last quarter. Finally, Hilton Head Capital Partners LLC bought a new position in shares of Prologis during the fourth quarter valued at approximately $29,000. Institutional investors own 93.50% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on PLD shares. Jefferies Financial Group reduced their price objective on shares of Prologis from $157.00 to $155.00 and set a “buy” rating for the company in a research note on Tuesday, April 14th. Mizuho lifted their price target on Prologis from $143.00 to $150.00 and gave the company an “outperform” rating in a report on Wednesday, April 22nd. Robert W. Baird boosted their price target on Prologis from $133.00 to $136.00 and gave the stock a “neutral” rating in a research report on Friday, April 17th. Citigroup upped their price objective on Prologis from $145.00 to $165.00 and gave the stock a “buy” rating in a research note on Tuesday, April 21st. Finally, BTIG Research reaffirmed a “buy” rating and set a $155.00 price objective on shares of Prologis in a research report on Wednesday, April 15th. Sixteen research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Prologis presently has a consensus rating of “Moderate Buy” and an average target price of $151.86.

Prologis Stock Performance

Shares of PLD stock opened at $146.02 on Thursday. Prologis, Inc. has a 12-month low of $103.41 and a 12-month high of $148.29. The business’s fifty day simple moving average is $141.38 and its 200-day simple moving average is $135.27. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.60. The company has a market cap of $136.14 billion, a PE ratio of 36.78, a PEG ratio of 3.24 and a beta of 1.32.

Prologis (NYSE:PLD) last announced its earnings results on Thursday, April 16th. The real estate investment trust reported $1.05 earnings per share for the quarter, topping the consensus estimate 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 the consensus estimate of $2.12 billion. During the same period in the previous year, the business earned $1.43 EPS. The firm’s revenue for the quarter was up 6.9% on a year-over-year basis. Prologis has set its FY 2026 guidance at 6.070-6.230 EPS. Analysts expect that Prologis, Inc. will post 6.18 earnings per share for the current fiscal year.

Prologis Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 16th will be issued 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 2.9%. Prologis’s dividend 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.