Prologis, Inc. $PLD Shares Acquired by Wells Fargo & Company MN

Wells Fargo & Company MN increased its holdings in Prologis, Inc. (NYSE:PLD) by 5.0% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 9,164,302 shares of the real estate investment trust’s stock after buying an additional 432,737 shares during the period. Wells Fargo & Company MN’s holdings in Prologis were worth $1,169,915,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. High Point Wealth Management LLC acquired a new position in shares of Prologis in the 4th quarter valued at about $26,000. Ares Financial Consulting LLC acquired a new position in shares of Prologis in the 4th quarter valued at about $26,000. Eagle Bay Advisors LLC acquired a new position in shares of Prologis in the 4th quarter valued at about $27,000. SouthState Bank Corp boosted its holdings in shares of Prologis by 73.1% in the 4th quarter. SouthState Bank Corp now owns 225 shares of the real estate investment trust’s stock valued at $29,000 after buying an additional 95 shares during the period. Finally, Hilton Head Capital Partners LLC acquired a new position in shares of Prologis in the 4th quarter valued at about $29,000. 93.50% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

PLD has been the topic of several recent research reports. Robert W. Baird lifted their price objective on shares of Prologis from $133.00 to $136.00 and gave the company a “neutral” rating in a research report on Friday, April 17th. BTIG Research reiterated a “buy” rating and issued a $155.00 price objective on shares of Prologis in a research report on Wednesday, April 15th. UBS Group lifted their price objective on shares of Prologis from $148.00 to $161.00 and gave the company a “buy” rating in a research report on Friday, April 17th. Jefferies Financial Group cut their price objective on shares of Prologis from $157.00 to $155.00 and set a “buy” rating on the stock in a research report on Tuesday, April 14th. Finally, Wells Fargo & Company lifted their price objective on shares of Prologis from $155.00 to $167.00 and gave the company an “overweight” rating in a research report on Monday, June 1st. Sixteen research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, Prologis currently has a consensus rating of “Moderate Buy” and an average price target of $151.86.

Prologis Stock Performance

Shares of PLD opened at $148.49 on Friday. The firm’s 50 day moving average is $141.99 and its 200-day moving average is $135.51. The stock has a market capitalization of $138.44 billion, a P/E ratio of 37.40, a P/E/G ratio of 3.24 and a beta of 1.32. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.51 and a quick ratio of 0.51. Prologis, Inc. has a 12-month low of $103.41 and a 12-month high of $149.70.

Prologis (NYSE:PLD) last announced its earnings results on Thursday, April 16th. The real estate investment trust reported $1.05 EPS for the quarter, topping the consensus estimate 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 analysts’ expectations of $2.12 billion. During the same period last year, the company posted $1.43 earnings per share. The business’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 anticipate that Prologis, Inc. will post 6.18 EPS for the current fiscal year.

Prologis Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 16th will be issued a $1.07 dividend. This represents a $4.28 annualized dividend and a dividend yield of 2.9%. The ex-dividend date is Tuesday, June 16th. Prologis’s dividend payout ratio (DPR) is presently 107.81%.

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.