Prologis, Inc. $PLD Shares Sold by OFI Invest Asset Management

OFI Invest Asset Management trimmed its stake in shares of Prologis, Inc. (NYSE:PLD) by 2.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 344,793 shares of the real estate investment trust’s stock after selling 6,979 shares during the period. OFI Invest Asset Management’s holdings in Prologis were worth $44,016,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of PLD. Amundi lifted its position in shares of Prologis by 22.0% during the 3rd quarter. Amundi now owns 5,651,563 shares of the real estate investment trust’s stock valued at $661,968,000 after acquiring an additional 1,020,819 shares during the period. Federated Hermes Inc. lifted its position in shares of Prologis by 30.3% during the 3rd quarter. Federated Hermes Inc. now owns 4,256,236 shares of the real estate investment trust’s stock valued at $487,424,000 after acquiring an additional 988,986 shares during the period. Mondrian Investment Partners LTD acquired a new stake in shares of Prologis during the 3rd quarter valued at approximately $112,141,000. Capital International Investors lifted its position in shares of Prologis by 15.0% during the 3rd quarter. Capital International Investors now owns 7,247,383 shares of the real estate investment trust’s stock valued at $829,970,000 after acquiring an additional 946,847 shares during the period. Finally, Balyasny Asset Management L.P. lifted its position in shares of Prologis by 11,585.8% during the 2nd quarter. Balyasny Asset Management L.P. now owns 882,398 shares of the real estate investment trust’s stock valued at $92,758,000 after acquiring an additional 874,847 shares during the period. 93.50% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on PLD. BTIG Research lifted their price target on shares of Prologis from $134.00 to $155.00 and gave the company a “buy” rating in a research report on Wednesday, December 31st. Argus lifted their price objective on Prologis from $128.00 to $135.00 and gave the stock a “buy” rating in a research report on Thursday, January 22nd. BMO Capital Markets restated a “market perform” rating and set a $123.00 price objective on shares of Prologis in a research report on Thursday, January 22nd. Jefferies Financial Group lifted their price objective on Prologis from $146.00 to $157.00 and gave the stock a “buy” rating in a research report on Friday, February 20th. Finally, Robert W. Baird restated a “neutral” rating and set a $130.00 price objective (up from $128.00) on shares of Prologis in a research report on Thursday, January 8th. Fourteen investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat, Prologis has a consensus rating of “Moderate Buy” and a consensus target price of $137.20.

Prologis Trading Up 3.2%

Shares of Prologis stock opened at $137.52 on Thursday. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.58 and a quick ratio of 0.58. Prologis, Inc. has a 1 year low of $85.35 and a 1 year high of $143.95. The company has a market capitalization of $128.20 billion, a P/E ratio of 38.74, a P/E/G ratio of 3.16 and a beta of 1.40. The business has a 50 day moving average price of $135.34 and a 200 day moving average price of $128.59.

Prologis (NYSE:PLD) last issued its quarterly earnings data on Wednesday, January 21st. The real estate investment trust reported $1.44 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.44. The firm had revenue of $2.25 billion during the quarter, compared to the consensus estimate of $2.09 billion. Prologis had a return on equity of 5.79% and a net margin of 37.86%.The company’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.42 EPS. Prologis has set its FY 2026 guidance at 6.000-6.200 EPS. Sell-side analysts anticipate that Prologis, Inc. will post 5.73 EPS for the current fiscal year.

Prologis Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 17th were paid a $1.07 dividend. This represents a $4.28 annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend was Tuesday, March 17th. This is an increase from Prologis’s previous quarterly dividend of $1.01. Prologis’s dividend payout ratio is presently 120.56%.

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.