Fideuram Asset Management Ireland dac Purchases New Stake in Prologis, Inc. $PLD

Fideuram Asset Management Ireland dac purchased a new stake in Prologis, Inc. (NYSE:PLD) during the fourth quarter, HoldingsChannel.com reports. The firm purchased 10,183 shares of the real estate investment trust’s stock, valued at approximately $1,246,000.

A number of other institutional investors have also recently modified their holdings of the business. Vanguard Group Inc. boosted 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 valued at $15,743,451,000 after buying an additional 1,258,407 shares in the last quarter. Geode Capital Management LLC boosted 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 valued at $2,925,791,000 after buying an additional 339,906 shares in the last quarter. Legal & General Group Plc boosted 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 valued at $1,460,908,000 after buying an additional 661,502 shares in the last quarter. Principal Financial Group Inc. boosted 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 valued at $1,397,467,000 after buying an additional 135,912 shares in the last quarter. Finally, Swedbank AB boosted its stake in shares of Prologis by 36.2% in the fourth quarter. Swedbank AB now owns 7,664,583 shares of the real estate investment trust’s stock valued at $978,461,000 after buying an additional 2,038,329 shares in the last quarter. 93.50% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts recently weighed in on PLD shares. BNP Paribas Exane lifted their price target on Prologis from $140.00 to $150.00 and gave the company an “outperform” rating in a research note on Friday, April 17th. Mizuho lifted their price target on Prologis from $143.00 to $150.00 and gave the company an “outperform” rating in a research note on Wednesday, April 22nd. UBS Group lifted their price target on Prologis from $148.00 to $161.00 and gave the company a “buy” rating in a research note on Friday, April 17th. Bank of America lifted their price objective on Prologis from $153.00 to $162.00 and gave the stock a “buy” rating in a report on Monday, April 20th. Finally, BMO Capital Markets raised Prologis from a “market perform” rating to an “outperform” rating and lifted their price objective for the stock from $137.00 to $162.00 in a report on Thursday, May 7th. Sixteen 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, the stock presently has an average rating of “Moderate Buy” and an average price target of $150.52.

Prologis Stock Performance

NYSE PLD opened at $143.80 on Friday. Prologis, Inc. has a fifty-two week low of $103.41 and a fifty-two week high of $147.93. The stock has a market cap of $134.07 billion, a price-to-earnings ratio of 36.22, a price-to-earnings-growth ratio of 3.20 and a beta of 1.33. The business has a fifty day moving average of $139.20 and a 200-day moving average of $134.11. 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 earnings per share for the quarter, topping 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 company had revenue of $2.30 billion during the quarter, compared to analysts’ expectations of $2.12 billion. During the same period in the previous year, the firm posted $1.43 earnings per share. The business’s revenue for the quarter was up 6.9% compared to the same quarter last year. Prologis has set its FY 2026 guidance at 6.070-6.230 EPS. As a group, analysts predict that Prologis, Inc. will post 6.18 earnings per share for the current fiscal year.

Prologis Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 16th will be issued a $1.07 dividend. This represents a $4.28 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend 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.