Vise Technologies Inc. Has $3.16 Million Position in Prologis, Inc. $PLD

Vise Technologies Inc. lifted its holdings in shares of Prologis, Inc. (NYSE:PLD) by 471.6% during the fourth quarter, HoldingsChannel reports. The firm owned 24,720 shares of the real estate investment trust’s stock after acquiring an additional 20,395 shares during the quarter. Vise Technologies Inc.’s holdings in Prologis were worth $3,156,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of PLD. Norges Bank acquired a new stake in shares of Prologis during the fourth quarter worth about $1,589,125,000. Swedbank AB raised its position in shares of Prologis by 36.2% during the fourth quarter. Swedbank AB now owns 7,664,583 shares of the real estate investment trust’s stock worth $978,461,000 after purchasing an additional 2,038,329 shares during the period. Bessemer Group Inc. raised its position in shares of Prologis by 8,000.9% during the fourth quarter. Bessemer Group Inc. now owns 1,595,963 shares of the real estate investment trust’s stock worth $203,741,000 after purchasing an additional 1,576,262 shares during the period. Vanguard Group Inc. raised its position in shares of Prologis by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 123,323,290 shares of the real estate investment trust’s stock worth $15,743,451,000 after purchasing an additional 1,258,407 shares during the period. Finally, Amundi raised its position in shares of Prologis by 22.0% during the third quarter. Amundi now owns 5,651,563 shares of the real estate investment trust’s stock worth $661,968,000 after purchasing an additional 1,020,819 shares during the period. Institutional investors and hedge funds own 93.50% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on PLD. Truist Financial raised their price target on Prologis from $139.00 to $154.00 and gave the stock a “buy” rating in a research report on Friday, April 24th. Weiss Ratings raised Prologis from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, May 1st. The Goldman Sachs Group reissued a “neutral” rating and issued a $157.00 target price on shares of Prologis in a research report on Friday, April 17th. Evercore set a $135.00 target price on Prologis in a research report on Friday, April 17th. Finally, Robert W. Baird lifted their target price on Prologis from $133.00 to $136.00 and gave the company a “neutral” rating in a research report on Friday, April 17th. Sixteen equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, Prologis has a consensus rating of “Moderate Buy” and a consensus price target of $151.86.

Prologis Stock Up 0.6%

Shares of Prologis stock opened at $144.69 on Friday. The business’s 50 day simple moving average is $140.40 and its 200 day simple moving average is $134.72. Prologis, Inc. has a 52-week low of $103.41 and a 52-week high of $147.93. The firm has a market cap of $134.90 billion, a PE ratio of 36.45, a P/E/G ratio of 3.18 and a beta of 1.32. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.51 and a current ratio of 0.51.

Prologis (NYSE:PLD) last announced its earnings results on Thursday, April 16th. The real estate investment trust reported $1.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.81 by $0.24. Prologis had a return on equity of 6.47% and a net margin of 41.54%.The business had revenue of $2.30 billion for the quarter, compared to analyst estimates of $2.12 billion. During the same quarter last year, the firm earned $1.43 EPS. Prologis’s revenue for the quarter was up 6.9% compared to the same quarter last year. Prologis has set its FY 2026 guidance at 6.070-6.230 EPS. On average, analysts predict that Prologis, Inc. will post 6.18 earnings per share for the current fiscal year.

Prologis Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 16th will be given a dividend of $1.07 per share. The ex-dividend date of this dividend is Tuesday, June 16th. This represents a $4.28 annualized dividend and a dividend yield of 3.0%. Prologis’s payout ratio is 107.81%.

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.