Daiwa Securities Group Inc. Sells 497,428 Shares of Prologis, Inc. $PLD

Daiwa Securities Group Inc. cut its stake in shares of Prologis, Inc. (NYSE:PLDFree Report) by 9.4% during the 4th quarter, Holdings Channel.com reports. The firm owned 4,812,501 shares of the real estate investment trust’s stock after selling 497,428 shares during the quarter. Prologis accounts for about 2.0% of Daiwa Securities Group Inc.’s holdings, making the stock its 13th largest position. Daiwa Securities Group Inc.’s holdings in Prologis were worth $614,364,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the stock. Ares Financial Consulting LLC bought a new position in shares of Prologis in the fourth quarter worth about $26,000. High Point Wealth Management LLC bought a new position in shares of Prologis during the 4th quarter valued at approximately $26,000. Eagle Bay Advisors LLC bought a new position in shares of Prologis during the 4th quarter valued at approximately $27,000. High Note Wealth LLC increased its holdings in Prologis by 43.9% in the 4th quarter. High Note Wealth LLC now owns 249 shares of the real estate investment trust’s stock worth $32,000 after acquiring an additional 76 shares in the last quarter. Finally, True Wealth Design LLC increased its holdings in Prologis by 87.1% in the 4th quarter. True Wealth Design LLC now owns 262 shares of the real estate investment trust’s stock worth $33,000 after acquiring an additional 122 shares in the last quarter. Institutional investors own 93.50% of the company’s stock.

Prologis News Roundup

Here are the key news stories impacting Prologis this week:

Analyst Ratings Changes

Several equities analysts have weighed in on the stock. Robert W. Baird lifted their price target on shares of Prologis from $133.00 to $136.00 and gave the company a “neutral” rating in a report on Friday, April 17th. Jefferies Financial Group reduced their price objective on shares of Prologis from $157.00 to $155.00 and set a “buy” rating for the company in a research note on Tuesday, April 14th. Weiss Ratings upgraded shares of Prologis from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, May 1st. DA Davidson lifted their target price on shares of Prologis from $140.00 to $160.00 and gave the company a “buy” rating in a research note on Tuesday, April 21st. Finally, Morgan Stanley upped their target price on shares of Prologis from $135.00 to $151.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 26th. Sixteen equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, Prologis currently has an average rating of “Moderate Buy” and an average price target of $151.86.

Get Our Latest Analysis on Prologis

Prologis Stock Up 1.4%

NYSE PLD opened at $143.83 on Friday. Prologis, Inc. has a 12 month low of $103.41 and a 12 month high of $147.93. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.60. The stock has a market cap of $134.10 billion, a PE ratio of 36.23, a P/E/G ratio of 3.12 and a beta of 1.32. The stock’s 50 day moving average is $140.12 and its 200 day moving average is $134.65.

Prologis (NYSE:PLDGet Free Report) last announced its quarterly earnings data on Thursday, April 16th. The real estate investment trust reported $1.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.81 by $0.24. The business had revenue of $2.30 billion during the quarter, compared to analyst estimates of $2.12 billion. Prologis had a net margin of 41.54% and a return on equity of 6.47%. During the same period last year, the firm posted $1.43 EPS. The company’s revenue was up 6.9% on a year-over-year basis. Prologis has set its FY 2026 guidance at 6.070-6.230 EPS. Research analysts predict that Prologis, Inc. will post 6.18 EPS for the current fiscal year.

Prologis Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 16th will be paid a dividend of $1.07 per share. This represents a $4.28 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend is Tuesday, June 16th. Prologis’s dividend payout ratio (DPR) is presently 107.81%.

Prologis Company Profile

(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.

Further Reading

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Institutional Ownership by Quarter for Prologis (NYSE:PLD)

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