Bamco Inc. NY Acquires 217,605 Shares of Prologis, Inc. $PLD

Bamco Inc. NY increased its holdings in Prologis, Inc. (NYSE:PLD) by 24.4% during the 4th quarter, Holdings Channel reports. The firm owned 1,109,127 shares of the real estate investment trust’s stock after buying an additional 217,605 shares during the period. Bamco Inc. NY’s holdings in Prologis were worth $141,591,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. Vanguard Group Inc. boosted its position in Prologis by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 123,323,290 shares of the real estate investment trust’s stock valued at $15,743,451,000 after acquiring an additional 1,258,407 shares in the last quarter. Geode Capital Management LLC boosted its position in Prologis by 1.5% during 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 acquiring an additional 339,906 shares in the last quarter. Capital Research Global Investors boosted its position 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 stake in Prologis during the 4th quarter valued at approximately $1,589,125,000. Finally, Charles Schwab Investment Management Inc. boosted its position 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 valued at $1,485,917,000 after acquiring an additional 516,765 shares in the last quarter. 93.50% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on PLD. 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. BMO Capital Markets raised Prologis from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $137.00 to $162.00 in a research report on Thursday, May 7th. Truist Financial lifted their price objective on Prologis from $139.00 to $154.00 and gave the company a “buy” rating in a research report on Friday, April 24th. UBS Group lifted their price objective on Prologis from $148.00 to $161.00 and gave the company a “buy” rating in a research report on Friday, April 17th. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating and set a $157.00 price objective on shares of Prologis in a research report on Friday, April 17th. Sixteen equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $151.86.

Prologis Price Performance

PLD stock opened at $140.83 on Thursday. The firm has a 50 day moving average price of $142.69 and a 200-day moving average price of $135.94. Prologis, Inc. has a 52-week low of $103.41 and a 52-week high of $150.18. The firm has a market capitalization of $131.30 billion, a price-to-earnings ratio of 35.47, a PEG ratio of 3.21 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 (NYSE:PLD) last announced its quarterly earnings data on Thursday, April 16th. The real estate investment trust reported $1.05 earnings per share for the quarter, topping analysts’ consensus estimates of $0.81 by $0.24. Prologis had a net margin of 41.54% and a return on equity of 6.47%. The company had revenue of $2.30 billion during the quarter, compared to analyst estimates 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. Equities research analysts forecast that Prologis, Inc. will post 6.18 EPS for the current fiscal year.

Prologis Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 16th will be paid a dividend of $1.07 per share. The ex-dividend date is Tuesday, June 16th. This represents a $4.28 dividend on an annualized basis and a yield of 3.0%. Prologis’s payout ratio is currently 107.81%.

Insiders Place Their Bets

In other Prologis news, CFO Timothy D. Arndt sold 3,597 shares of the business’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $150.00, for a total transaction of $539,550.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.52% of the company’s stock.

Prologis 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.