Candriam S.C.A. Has $11.20 Million Position in Prologis, Inc. $PLD

Candriam S.C.A. cut its stake in shares of Prologis, Inc. (NYSE:PLD) by 4.6% in the third quarter, Holdings Channel reports. The fund owned 97,773 shares of the real estate investment trust’s stock after selling 4,693 shares during the period. Candriam S.C.A.’s holdings in Prologis were worth $11,197,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in Prologis by 0.3% during the 2nd quarter. Vanguard Group Inc. now owns 121,741,332 shares of the real estate investment trust’s stock valued at $12,797,449,000 after purchasing an additional 401,922 shares during the last quarter. State Street Corp increased its holdings in shares of Prologis by 1.9% during the second quarter. State Street Corp now owns 58,640,842 shares of the real estate investment trust’s stock worth $6,164,325,000 after buying an additional 1,088,544 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Prologis by 1.4% in the second quarter. Geode Capital Management LLC now owns 22,416,833 shares of the real estate investment trust’s stock valued at $2,345,922,000 after acquiring an additional 310,333 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in shares of Prologis by 1.6% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 16,506,899 shares of the real estate investment trust’s stock worth $1,735,205,000 after acquiring an additional 253,338 shares in the last quarter. Finally, Norges Bank acquired a new position in shares of Prologis in the 2nd quarter worth approximately $1,288,936,000. Institutional investors own 93.50% of the company’s stock.

Insider Activity

In other news, Director Cristina Gabriela Bita sold 621 shares of the firm’s stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $127.60, for a total value of $79,239.60. Following the transaction, the director owned 8,208 shares of the company’s stock, valued at approximately $1,047,340.80. This trade represents a 7.03% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.57% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. BNP Paribas Exane raised their price target on Prologis from $129.00 to $140.00 and gave the company an “outperform” rating in a report on Wednesday, January 21st. BMO Capital Markets restated a “market perform” rating and issued a $123.00 target price on shares of Prologis in a research note on Thursday, January 22nd. The Goldman Sachs Group lifted their price target on Prologis from $133.00 to $137.00 and gave the company a “neutral” rating in a report on Monday, January 26th. Weiss Ratings reissued a “buy (b-)” rating on shares of Prologis in a report on Monday, December 29th. Finally, Wall Street Zen cut shares of Prologis from a “hold” rating to a “sell” rating in a research report on Saturday. Thirteen research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat.com, Prologis currently has an average rating of “Moderate Buy” and an average target price of $135.32.

Prologis Stock Up 2.3%

Shares of PLD opened at $140.41 on Wednesday. The business’s fifty day moving average price is $129.87 and its two-hundred day moving average price is $121.36. The firm has a market capitalization of $130.42 billion, a price-to-earnings ratio of 39.55, a PEG ratio of 3.40 and a beta of 1.42. Prologis, Inc. has a 52 week low of $85.35 and a 52 week high of $140.96. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.64 and a current ratio of 0.19.

Prologis (NYSE:PLD) last issued its quarterly earnings results on Wednesday, January 21st. The real estate investment trust reported $1.44 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.44. The business had revenue of $2.25 billion for the quarter, compared to analyst estimates of $2.09 billion. Prologis had a return on equity of 5.78% and a net margin of 37.86%.The firm’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.42 earnings per share. Prologis has set its FY 2026 guidance at 6.000-6.200 EPS. On average, analysts predict that Prologis, Inc. will post 5.73 earnings per share for the current year.

Prologis Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 16th were given a dividend of $1.01 per share. The ex-dividend date was Tuesday, December 16th. This represents a $4.04 dividend on an annualized basis and a yield of 2.9%. Prologis’s dividend payout ratio is presently 113.80%.

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.