Banque Cantonale Vaudoise Boosts Holdings in Prologis, Inc. $PLD

Banque Cantonale Vaudoise raised its position in Prologis, Inc. (NYSE:PLD) by 141.7% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 21,844 shares of the real estate investment trust’s stock after purchasing an additional 12,805 shares during the period. Banque Cantonale Vaudoise’s holdings in Prologis were worth $2,501,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in PLD. Clayton Financial Group LLC bought a new position in Prologis in the 3rd quarter worth about $26,000. Silver Oak Securities Incorporated bought a new stake in shares of Prologis during the 3rd quarter valued at about $36,000. Rossby Financial LCC boosted its position in shares of Prologis by 69.6% during the 3rd quarter. Rossby Financial LCC now owns 329 shares of the real estate investment trust’s stock valued at $38,000 after acquiring an additional 135 shares during the last quarter. AlphaQuest LLC purchased a new position in shares of Prologis during the third quarter worth about $39,000. Finally, Clear Investment Research LLC increased its position in shares of Prologis by 34.5% in the third quarter. Clear Investment Research LLC now owns 343 shares of the real estate investment trust’s stock worth $39,000 after purchasing an additional 88 shares during the last quarter. Institutional investors own 93.50% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on PLD. Scotiabank raised shares of Prologis from a “sector perform” rating to a “sector outperform” rating and raised their target price for the company from $133.00 to $146.00 in a research note on Wednesday, January 14th. Jefferies Financial Group increased their price target on shares of Prologis from $146.00 to $157.00 and gave the stock a “buy” rating in a report on Friday, February 20th. Weiss Ratings restated a “buy (b-)” rating on shares of Prologis in a research report on Monday, December 29th. Argus lifted their price objective on shares of Prologis from $128.00 to $135.00 and gave the stock a “buy” rating in a report on Thursday, January 22nd. Finally, The Goldman Sachs Group upped their target price on shares of Prologis from $137.00 to $148.00 and gave the stock a “neutral” rating in a research report on Monday, February 9th. Fourteen equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat, Prologis presently has an average rating of “Moderate Buy” and an average target price of $137.20.

Prologis Trading Up 0.8%

PLD stock opened at $136.18 on Wednesday. The company has a market capitalization of $126.59 billion, a PE ratio of 38.36, a price-to-earnings-growth ratio of 3.34 and a beta of 1.41. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.58 and a current ratio of 0.58. Prologis, Inc. has a one year low of $85.35 and a one year high of $143.95. The company’s 50 day moving average price is $134.23 and its two-hundred day moving average price is $125.92.

Prologis (NYSE:PLD) last announced its quarterly earnings data on Wednesday, January 21st. The real estate investment trust reported $1.44 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.44. Prologis had a net margin of 37.86% and a return on equity of 5.79%. The company had revenue of $2.25 billion during the quarter, compared to analysts’ expectations of $2.09 billion. During the same quarter in the prior year, the company earned $1.42 EPS. The firm’s revenue was up 7.8% on a year-over-year basis. Prologis has set its FY 2026 guidance at 6.000-6.200 EPS. As a group, analysts predict that Prologis, Inc. will post 5.73 earnings per share for the current fiscal year.

Prologis Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 17th will be paid a dividend of $1.07 per share. This represents a $4.28 dividend on an annualized basis and a dividend yield of 3.1%. This is an increase from Prologis’s previous quarterly dividend of $1.01. The ex-dividend date of this dividend is Tuesday, March 17th. Prologis’s payout ratio is 113.80%.

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.