Prologis, Inc. $PLD Shares Bought by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC grew its stake in Prologis, Inc. (NYSE:PLDFree Report) by 75.1% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 719,587 shares of the real estate investment trust’s stock after buying an additional 308,710 shares during the quarter. Allspring Global Investments Holdings LLC owned 0.08% of Prologis worth $92,863,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the stock. D.A. Davidson & CO. grew its position in shares of Prologis by 16.7% during the 3rd quarter. D.A. Davidson & CO. now owns 587,157 shares of the real estate investment trust’s stock valued at $67,241,000 after acquiring an additional 83,966 shares during the period. Foresight Group Ltd Liability Partnership raised its holdings in Prologis by 240.1% in the 3rd quarter. Foresight Group Ltd Liability Partnership now owns 44,715 shares of the real estate investment trust’s stock worth $5,109,000 after purchasing an additional 31,567 shares during the period. National Pension Service raised its holdings in Prologis by 2.4% in the 3rd quarter. National Pension Service now owns 2,443,137 shares of the real estate investment trust’s stock worth $279,788,000 after purchasing an additional 56,272 shares during the period. Envestnet Asset Management Inc. increased its position in shares of Prologis by 3.6% in the third quarter. Envestnet Asset Management Inc. now owns 3,644,875 shares of the real estate investment trust’s stock valued at $417,411,000 after buying an additional 126,613 shares in the last quarter. Finally, Assetmark Inc. raised its stake in shares of Prologis by 10.0% during the 3rd quarter. Assetmark Inc. now owns 79,350 shares of the real estate investment trust’s stock worth $9,087,000 after buying an additional 7,217 shares during the period. Hedge funds and other institutional investors own 93.50% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. Robert W. Baird reissued a “neutral” rating and issued a $130.00 price target (up from $128.00) on shares of Prologis in a research note on Thursday, January 8th. BTIG Research lifted their target price on shares of Prologis from $134.00 to $155.00 and gave the company a “buy” rating in a research report on Wednesday, December 31st. The Goldman Sachs Group boosted their target price on shares of Prologis from $137.00 to $148.00 and gave the stock a “neutral” rating in a research note on Monday, February 9th. Morgan Stanley set a $135.00 price target on shares of Prologis in a research report on Friday, January 16th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Prologis in a research note on Friday. Fourteen investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $137.20.

Get Our Latest Report on PLD

Prologis Trading Up 2.7%

Shares of Prologis stock opened at $132.21 on Wednesday. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.58 and a quick ratio of 0.58. The stock’s 50 day simple moving average is $134.60 and its 200-day simple moving average is $127.85. The stock has a market cap of $123.25 billion, a P/E ratio of 37.24, a P/E/G ratio of 3.04 and a beta of 1.41. Prologis, Inc. has a 1-year low of $85.35 and a 1-year high of $143.95.

Prologis (NYSE:PLDGet Free Report) last posted its quarterly earnings results on Wednesday, January 21st. The real estate investment trust reported $1.44 EPS for the quarter, meeting the consensus estimate of $1.44. Prologis had a return on equity of 5.79% and a net margin of 37.86%.The firm had revenue of $2.25 billion during the quarter, compared to analysts’ expectations of $2.09 billion. During the same quarter last year, the firm earned $1.42 earnings per share. The business’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. Analysts predict that Prologis, Inc. will post 5.73 EPS for the current fiscal year.

Prologis Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Tuesday, March 17th were given a dividend of $1.07 per share. The ex-dividend date was 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 dividend payout ratio (DPR) is 120.56%.

Prologis News Roundup

Here are the key news stories impacting Prologis this week:

About Prologis

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Prologis (NYSE:PLD)

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