Raiffeisen Bank International AG Grows Holdings in Prologis, Inc. $PLD

Raiffeisen Bank International AG lifted its stake in Prologis, Inc. (NYSE:PLD) by 31.3% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 24,813 shares of the real estate investment trust’s stock after acquiring an additional 5,919 shares during the quarter. Raiffeisen Bank International AG’s holdings in Prologis were worth $3,443,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the stock. Solstein Capital LLC purchased a new position in shares of Prologis during the second quarter worth $25,000. Manning & Napier Advisors LLC acquired a new stake in shares of Prologis in the second quarter valued at $25,000. Clearstead Trust LLC purchased a new stake in shares of Prologis in the 2nd quarter valued at $28,000. SouthState Bank Corp raised 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 Prologis during the 4th quarter worth about $29,000. Hedge funds and other institutional investors own 93.50% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on PLD shares. Truist Financial lifted their target price on Prologis from $154.00 to $162.00 and gave the company a “buy” rating in a research report on Tuesday, July 21st. BMO Capital Markets reduced their price target on shares of Prologis from $162.00 to $158.00 and set an “outperform” rating on the stock in a research report on Monday, June 29th. Wall Street Zen raised shares of Prologis from a “sell” rating to a “hold” rating in a research note on Saturday, July 18th. Weiss Ratings cut shares of Prologis from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday, August 26th. Finally, Scotiabank upped their target price on shares of Prologis from $146.00 to $150.00 and gave the stock a “sector perform” rating in a research note on Thursday, July 23rd. Sixteen investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $154.52.

Prologis Price Performance

Shares of NYSE PLD opened at $137.42 on Friday. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.70 and a quick ratio of 0.70. The company has a market cap of $128.22 billion, a price-to-earnings ratio of 30.61 and a beta of 1.30. The stock’s 50-day moving average is $142.06 and its two-hundred day moving average is $140.58. Prologis, Inc. has a 1-year low of $110.60 and a 1-year high of $153.35.

Prologis (NYSE:PLD) last announced its quarterly earnings data on Thursday, July 16th. The real estate investment trust reported $1.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.75 by $0.38. Prologis had a return on equity of 7.29% and a net margin of 45.79%.The business had revenue of $2.43 billion during the quarter, compared to analysts’ expectations of $2.16 billion. During the same quarter last year, the business posted $1.46 EPS. The business’s quarterly revenue was up 11.0% compared to the same quarter last year. Prologis has set its FY 2026 guidance at 6.220-6.300 EPS. Analysts forecast that Prologis, Inc. will post 6.27 EPS for the current fiscal year.

Prologis Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Wednesday, September 16th will be paid a $1.07 dividend. The ex-dividend date is Wednesday, September 16th. This represents a $4.28 dividend on an annualized basis and a yield of 3.1%. Prologis’s payout ratio is currently 95.32%.

Insider Buying and Selling

In other Prologis news, CFO Timothy Arndt sold 3,597 shares of the stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $150.00, for a total value of $539,550.00. The sale was disclosed in a filing with the SEC, which is available through this link. 0.52% of the stock is owned by company insiders.

About Prologis

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.