Prologis, Inc. $PLD Shares Purchased by Ameriprise Financial Inc.

Ameriprise Financial Inc. increased its position in Prologis, Inc. (NYSE:PLD) by 0.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 6,837,026 shares of the real estate investment trust’s stock after buying an additional 31,456 shares during the quarter. Ameriprise Financial Inc. owned about 0.74% of Prologis worth $778,528,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in shares of Prologis by 0.3% in the 3rd quarter. Vanguard Group Inc. now owns 122,064,883 shares of the real estate investment trust’s stock valued at $13,978,870,000 after purchasing an additional 323,551 shares in the last quarter. State Street Corp increased its position in Prologis by 1.9% during the 2nd quarter. State Street Corp now owns 58,640,842 shares of the real estate investment trust’s stock worth $6,164,325,000 after purchasing an additional 1,088,544 shares in the last quarter. Massachusetts Financial Services Co. MA increased its position in Prologis by 1.6% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 16,506,899 shares of the real estate investment trust’s stock worth $1,735,205,000 after purchasing an additional 253,338 shares in the last quarter. Norges Bank purchased a new position in Prologis in the second quarter valued at approximately $1,288,936,000. Finally, Charles Schwab Investment Management Inc. raised its holdings in Prologis by 3.6% in the second quarter. Charles Schwab Investment Management Inc. now owns 10,875,240 shares of the real estate investment trust’s stock valued at $1,143,205,000 after buying an additional 379,308 shares during the period. Institutional investors and hedge funds own 93.50% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on PLD. BMO Capital Markets restated a “market perform” rating and set a $123.00 target price on shares of Prologis in a report on Thursday, January 22nd. Royal Bank Of Canada increased their price target on Prologis from $132.00 to $135.00 and gave the company a “sector perform” rating in a report on Monday, February 2nd. Morgan Stanley set a $135.00 price objective on Prologis in a research report on Friday, January 16th. Scotiabank upgraded Prologis from a “sector perform” rating to a “sector outperform” rating and boosted their price objective for the stock from $133.00 to $146.00 in a research note on Wednesday, January 14th. Finally, Argus upped their target price on Prologis from $128.00 to $135.00 and gave the stock a “buy” rating in a research report on Thursday, January 22nd. Fourteen research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $137.20.

Prologis Price Performance

Shares of PLD stock opened at $131.73 on Friday. The firm has a fifty day moving average of $134.50 and a two-hundred day moving average of $126.26. The firm has a market cap of $122.45 billion, a P/E ratio of 37.11, a P/E/G ratio of 3.12 and a beta of 1.41. Prologis, Inc. has a 1-year low of $85.35 and a 1-year high of $143.95. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.58 and a quick ratio of 0.58.

Prologis (NYSE:PLD) last issued its earnings results 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 business had revenue of $2.25 billion for the quarter, compared to analyst estimates of $2.09 billion. During the same quarter in the prior year, the business posted $1.42 EPS. The company’s revenue for the quarter 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, research analysts anticipate that Prologis, Inc. will post 5.73 earnings per share for the current fiscal year.

Prologis Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 17th will be paid a dividend of $1.07 per share. The ex-dividend date is Tuesday, March 17th. This is an increase from Prologis’s previous quarterly dividend of $1.01. This represents a $4.28 annualized dividend and a yield of 3.2%. Prologis’s payout ratio is currently 120.56%.

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.