Epoch Investment Partners Inc. Sells 8,021 Shares of Prologis, Inc. $PLD

Epoch Investment Partners Inc. decreased its position in Prologis, Inc. (NYSE:PLD) by 4.5% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 170,087 shares of the real estate investment trust’s stock after selling 8,021 shares during the quarter. Epoch Investment Partners Inc.’s holdings in Prologis were worth $21,713,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in Prologis by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 123,323,290 shares of the real estate investment trust’s stock valued at $15,743,451,000 after acquiring an additional 1,258,407 shares during the period. Geode Capital Management LLC lifted its holdings in Prologis by 1.5% in the fourth quarter. Geode Capital Management LLC now owns 23,012,940 shares of the real estate investment trust’s stock valued at $2,925,791,000 after acquiring an additional 339,906 shares during the period. Capital Research Global Investors lifted its holdings in Prologis by 4.4% in the fourth quarter. Capital Research Global Investors now owns 16,061,390 shares of the real estate investment trust’s stock valued at $2,050,397,000 after acquiring an additional 678,363 shares during the period. Norges Bank bought a new position in Prologis in the fourth quarter valued at about $1,589,125,000. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Prologis by 4.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 11,639,644 shares of the real estate investment trust’s stock valued at $1,485,917,000 after acquiring an additional 516,765 shares during the period. Institutional investors own 93.50% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on PLD shares. Citigroup increased their target price on Prologis from $145.00 to $165.00 and gave the company a “buy” rating in a report on Tuesday, April 21st. Wells Fargo & Company increased their target price on Prologis from $155.00 to $167.00 and gave the company an “overweight” rating in a report on Monday, June 1st. Evercore set a $135.00 target price on Prologis in a report on Friday, April 17th. Wall Street Zen raised Prologis from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Finally, Scotiabank upped their price target on Prologis from $146.00 to $154.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 21st. Sixteen research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, Prologis currently has a consensus rating of “Moderate Buy” and a consensus target price of $151.86.

Prologis Stock Performance

NYSE:PLD opened at $148.49 on Monday. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.60. Prologis, Inc. has a 12-month low of $103.41 and a 12-month high of $149.70. The stock has a 50-day moving average price of $141.99 and a 200 day moving average price of $135.57. The stock has a market capitalization of $138.44 billion, a P/E ratio of 37.40, a P/E/G ratio of 3.27 and a beta of 1.32.

Prologis (NYSE:PLD) last released its earnings results on Thursday, April 16th. The real estate investment trust reported $1.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.24. Prologis had a return on equity of 6.47% and a net margin of 41.54%.The firm had revenue of $2.30 billion during the quarter, compared to analysts’ expectations of $2.12 billion. During the same quarter last year, the business posted $1.43 earnings per share. 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. Equities research analysts forecast that Prologis, Inc. will post 6.18 EPS for the current fiscal year.

Prologis Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 16th will be given a dividend of $1.07 per share. The ex-dividend date is Tuesday, June 16th. This represents a $4.28 annualized dividend and a dividend yield of 2.9%. Prologis’s dividend payout ratio (DPR) is currently 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.