Prologis, Inc. $PLD Shares Acquired by Raiffeisen Bank International AG

Raiffeisen Bank International AG raised its stake in Prologis, Inc. (NYSE:PLD) by 31.3% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 24,813 shares of the real estate investment trust’s stock after acquiring an additional 5,919 shares during the period. Raiffeisen Bank International AG’s holdings in Prologis were worth $3,443,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Solstein Capital LLC acquired a new position in shares of Prologis in the 2nd quarter valued at $25,000. Manning & Napier Advisors LLC acquired a new stake in Prologis during the 2nd quarter worth $25,000. Clearstead Trust LLC acquired a new stake in Prologis during the 2nd quarter worth $28,000. SouthState Bank Corp grew its position in Prologis by 73.1% during the 4th quarter. SouthState Bank Corp now owns 225 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 95 shares during the last quarter. Finally, Hilton Head Capital Partners LLC acquired a new position in Prologis in the fourth quarter valued at $29,000. Institutional investors and hedge funds own 93.50% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. Wall Street Zen upgraded shares of Prologis from a “sell” rating to a “hold” rating in a research note on Saturday, July 18th. Robert W. Baird set a $140.00 price target on Prologis in a research report on Friday, July 31st. Wells Fargo & Company reduced their price objective on Prologis from $167.00 to $166.00 and set an “overweight” rating for the company in a research note on Tuesday. Barclays increased their price objective on Prologis from $139.00 to $156.00 and gave the stock an “overweight” rating in a research report on Thursday, July 16th. Finally, Royal Bank Of Canada raised Prologis from a “sector perform” rating to an “outperform” rating and boosted their target price for the company from $148.00 to $160.00 in a report on Tuesday, August 4th. Sixteen investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Prologis presently has an average rating of “Moderate Buy” and a consensus target price of $154.52.

Insider Buying and Selling at Prologis

In related news, CFO Timothy Arndt sold 3,597 shares of the company’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $150.00, for a total transaction of $539,550.00. The sale was disclosed in a document filed with the SEC, which is available at this link. 0.52% of the stock is currently owned by company insiders.

Prologis Trading Down 0.7%

NYSE PLD opened at $137.42 on Friday. The stock has a market capitalization of $128.22 billion, a P/E ratio of 30.61 and a beta of 1.30. Prologis, Inc. has a 52-week low of $110.60 and a 52-week high of $153.35. The firm has a 50-day moving average price of $142.06 and a 200 day moving average price of $140.58. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.63.

Prologis (NYSE:PLD) last announced its quarterly earnings data 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 return on equity of 7.29% and a net margin of 45.79%.The company had revenue of $2.43 billion for the quarter, compared to analyst estimates of $2.16 billion. During the same quarter in the previous year, the company earned $1.46 EPS. The firm’s revenue for the quarter 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 research analysts expect that Prologis, Inc. will post 6.27 EPS for the current year.

Prologis Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 16th will be issued a $1.07 dividend. This represents a $4.28 annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend is Wednesday, September 16th. Prologis’s dividend payout ratio (DPR) is currently 95.32%.

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.