J.Safra Asset Management Corp Boosts Stake in Prologis, Inc. $PLD

J.Safra Asset Management Corp increased its stake in shares of Prologis, Inc. (NYSE:PLD) by 127.2% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 7,035 shares of the real estate investment trust’s stock after buying an additional 3,939 shares during the quarter. J.Safra Asset Management Corp’s holdings in Prologis were worth $898,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. Nvwm LLC lifted its holdings in Prologis by 6,069.7% in the 4th quarter. Nvwm LLC now owns 15,486 shares of the real estate investment trust’s stock valued at $1,977,000 after purchasing an additional 15,235 shares in the last quarter. Assetmark Inc. raised its position in shares of Prologis by 10.0% in the third quarter. Assetmark Inc. now owns 79,350 shares of the real estate investment trust’s stock valued at $9,087,000 after buying an additional 7,217 shares during the last quarter. State of New Jersey Common Pension Fund D lifted its stake in shares of Prologis by 1.9% during the third quarter. State of New Jersey Common Pension Fund D now owns 754,060 shares of the real estate investment trust’s stock valued at $86,355,000 after buying an additional 14,318 shares during the period. Public Sector Pension Investment Board lifted its stake in shares of Prologis by 32.1% during the third quarter. Public Sector Pension Investment Board now owns 252,188 shares of the real estate investment trust’s stock valued at $28,881,000 after buying an additional 61,230 shares during the period. Finally, CIBC Bancorp USA Inc. acquired a new stake in Prologis during the third quarter worth approximately $42,158,000. 93.50% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on PLD. Truist Financial boosted their price target on Prologis from $139.00 to $154.00 and gave the company a “buy” rating in a report on Friday, April 24th. Citigroup raised their price objective on Prologis from $145.00 to $165.00 and gave the stock a “buy” rating in a report on Tuesday, April 21st. Bank of America lifted their price objective on Prologis from $153.00 to $162.00 and gave the company a “buy” rating in a research report on Monday, April 20th. UBS Group increased their target price on Prologis from $148.00 to $161.00 and gave the stock a “buy” rating in a research report on Friday, April 17th. Finally, Scotiabank raised their price target on Prologis from $146.00 to $154.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 21st. Sixteen research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, Prologis has a consensus rating of “Moderate Buy” and a consensus price target of $151.86.

Prologis Trading Down 1.0%

Shares of PLD opened at $146.02 on Thursday. Prologis, Inc. has a twelve month low of $103.41 and a twelve month high of $148.29. The firm has a market capitalization of $136.14 billion, a P/E ratio of 36.78, a price-to-earnings-growth ratio of 3.24 and a beta of 1.32. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.60. The stock’s fifty day simple moving average is $141.38 and its 200 day simple moving average is $135.27.

Prologis (NYSE:PLD) last announced 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 net margin of 41.54% and a return on equity of 6.47%. The firm had revenue of $2.30 billion during the quarter, compared to analysts’ expectations of $2.12 billion. During the same period in the prior year, the company earned $1.43 EPS. The firm’s revenue was up 6.9% on a year-over-year basis. Prologis has set its FY 2026 guidance at 6.070-6.230 EPS. On average, equities research analysts forecast that Prologis, Inc. will post 6.18 earnings per share for the current year.

Prologis Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 16th will be paid a $1.07 dividend. The ex-dividend date is Tuesday, June 16th. This represents a $4.28 annualized dividend and a dividend yield of 2.9%. 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.