Prologis, Inc. $PLD Stock Position Raised by Banco Bilbao Vizcaya Argentaria S.A.

Banco Bilbao Vizcaya Argentaria S.A. increased its stake in Prologis, Inc. (NYSE:PLD) by 10.3% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 68,724 shares of the real estate investment trust’s stock after acquiring an additional 6,429 shares during the quarter. Banco Bilbao Vizcaya Argentaria S.A.’s holdings in Prologis were worth $7,855,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of PLD. Clayton Financial Group LLC purchased a new position in Prologis in the 3rd quarter worth about $26,000. Silver Oak Securities Incorporated acquired a new stake in Prologis during the 3rd quarter worth about $36,000. Rossby Financial LCC lifted its stake in Prologis by 69.6% during the third quarter. Rossby Financial LCC now owns 329 shares of the real estate investment trust’s stock valued at $38,000 after buying an additional 135 shares in the last quarter. AlphaQuest LLC acquired a new position in shares of Prologis in 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 acquiring an additional 88 shares in the last quarter. 93.50% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

PLD has been the subject of a number of research analyst reports. The Goldman Sachs Group increased their target price on Prologis from $137.00 to $148.00 and gave the company a “neutral” rating in a report on Monday, February 9th. BNP Paribas Exane upped their price target on Prologis from $129.00 to $140.00 and gave the company an “outperform” rating in a research report on Wednesday, January 21st. BTIG Research increased their price objective on Prologis from $134.00 to $155.00 and gave the stock a “buy” rating in a research note on Wednesday, December 31st. Freedom Capital lowered Prologis from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 23rd. Finally, Truist Financial lowered their target price on Prologis from $142.00 to $139.00 and set a “buy” rating on the stock in a research note on Monday, January 26th. Fourteen investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Prologis currently has an average rating of “Moderate Buy” and a consensus price target of $137.20.

Prologis Trading Up 1.7%

Shares of NYSE:PLD opened at $134.03 on Tuesday. The firm has a fifty day moving average of $134.59 and a two-hundred day moving average of $126.51. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.61. Prologis, Inc. has a 12-month low of $85.35 and a 12-month high of $143.95. The firm has a market capitalization of $124.59 billion, a P/E ratio of 37.75, a price-to-earnings-growth ratio of 3.12 and a beta of 1.41.

Prologis (NYSE:PLD) last posted its quarterly earnings results on Wednesday, January 21st. The real estate investment trust reported $1.44 earnings per share for the quarter, hitting 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 the consensus estimate of $2.09 billion. During the same period in the prior year, the business posted $1.42 earnings per share. Prologis’s revenue for the quarter was up 7.8% compared to the same quarter last year. Prologis has set its FY 2026 guidance at 6.000-6.200 EPS. On average, equities analysts expect that Prologis, Inc. will post 5.73 EPS for the current fiscal year.

Prologis Increases Dividend

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