Epoch Investment Partners Inc. Cuts Stock Holdings in Prologis, Inc. $PLD

Epoch Investment Partners Inc. reduced its position in Prologis, Inc. (NYSE:PLD) by 2.9% in the 1st quarter, HoldingsChannel.com reports. The firm owned 165,139 shares of the real estate investment trust’s stock after selling 4,948 shares during the quarter. Epoch Investment Partners Inc.’s holdings in Prologis were worth $21,828,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in the company. High Note Wealth LLC grew its position in Prologis by 43.9% during the fourth quarter. High Note Wealth LLC now owns 249 shares of the real estate investment trust’s stock valued at $32,000 after buying an additional 76 shares during the period. Hibernia Wealth Partners LLC raised its position in shares of Prologis by 2.5% in the first quarter. Hibernia Wealth Partners LLC now owns 3,070 shares of the real estate investment trust’s stock worth $406,000 after acquiring an additional 76 shares during the period. Quadrant Private Wealth Management LLC raised its position in shares of Prologis by 4.4% in the first quarter. Quadrant Private Wealth Management LLC now owns 1,818 shares of the real estate investment trust’s stock worth $240,000 after acquiring an additional 77 shares during the period. Dakota Community Bank & Trust NA boosted its stake in shares of Prologis by 3.4% during the 4th quarter. Dakota Community Bank & Trust NA now owns 2,398 shares of the real estate investment trust’s stock worth $306,000 after acquiring an additional 79 shares in the last quarter. Finally, Dearborn Partners LLC boosted its stake in shares of Prologis by 4.2% during the 4th quarter. Dearborn Partners LLC now owns 1,969 shares of the real estate investment trust’s stock worth $251,000 after acquiring an additional 79 shares in the last quarter. 93.50% of the stock is owned by hedge funds and other institutional investors.

Prologis News Summary

Here are the key news stories impacting Prologis this week:

• Positive Sentiment: Segro’s board said it would recommend Prologis’s final $18.7 billion takeover bid, a sign the deal is gaining traction and could expand Prologis’s portfolio and long-term growth prospects. Article Title
• Positive Sentiment: Scotiabank raised its price target on Prologis to $150 from $146, while Truist boosted its target to $162, reflecting improved analyst confidence in the stock’s valuation. Article Title
• Positive Sentiment: Recent commentary highlighted Prologis as potentially undervalued after its earnings beat and raised guidance, reinforcing optimism around earnings momentum and fundamentals. Article Title
• Neutral Sentiment: Additional articles noted renewed investor attention on logistics and data-center themes, but these were more thematic than company-specific and did not include new financial results or formal guidance changes. Article Title

Prologis Stock Up 1.6%

PLD stock opened at $147.43 on Friday. The stock has a market capitalization of $137.45 billion, a P/E ratio of 32.84 and a beta of 1.32. The firm has a 50-day simple moving average of $143.56 and a 200-day simple moving average of $138.55. The company has a quick ratio of 0.51, a current ratio of 0.27 and a debt-to-equity ratio of 0.63. Prologis, Inc. has a 52 week low of $103.41 and a 52 week high of $153.35.

Prologis (NYSE:PLD) last issued its quarterly earnings results on Thursday, July 16th. The real estate investment trust reported $1.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.75 by $0.38. Prologis had a net margin of 45.79% and a return on equity of 7.29%. The firm had revenue of $2.43 billion for the quarter, compared to analyst estimates of $2.16 billion. During the same period last year, the company posted $1.46 EPS. Prologis’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. Equities analysts forecast that Prologis, Inc. will post 6.28 earnings per share for the current fiscal year.

Prologis Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 16th were issued a dividend of $1.07 per share. The ex-dividend date of this dividend was Tuesday, June 16th. This represents a $4.28 dividend on an annualized basis and a dividend yield of 2.9%. Prologis’s dividend payout ratio is presently 95.32%.

Analysts Set New Price Targets

PLD has been the topic of a number of analyst reports. The Goldman Sachs Group restated a “neutral” rating and set a $157.00 target price on shares of Prologis in a research report on Friday, April 17th. Bank of America increased their price target on Prologis from $153.00 to $162.00 and gave the stock a “buy” rating in a research report on Monday, April 20th. BTIG Research raised their price objective on Prologis from $160.00 to $170.00 and gave the company a “buy” rating in a report on Wednesday, July 1st. BMO Capital Markets cut their price objective on Prologis from $162.00 to $158.00 and set an “outperform” rating for the company in a research report on Monday, June 29th. Finally, Argus upped their target price on Prologis from $135.00 to $152.00 and gave the stock a “buy” rating in a research note on Friday, April 17th. Fifteen research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $153.81.

Insider Buying and Selling at Prologis

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

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.