Erste Asset Management GmbH Has $13.38 Million Stock Holdings in Prologis, Inc. $PLD

Erste Asset Management GmbH grew its position in shares of Prologis, Inc. (NYSE:PLD) by 5.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 104,143 shares of the real estate investment trust’s stock after acquiring an additional 4,930 shares during the quarter. Erste Asset Management GmbH’s holdings in Prologis were worth $13,380,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of PLD. High Point Wealth Management LLC acquired a new position in Prologis during the 4th quarter worth approximately $26,000. Ares Financial Consulting LLC acquired a new position in Prologis during the 4th quarter worth approximately $26,000. Eagle Bay Advisors LLC acquired a new position in Prologis during the 4th quarter worth approximately $27,000. SouthState Bank Corp boosted its position in Prologis by 73.1% during the 4th quarter. SouthState Bank Corp now owns 225 shares of the real estate investment trust’s stock worth $29,000 after acquiring an additional 95 shares during the last quarter. Finally, Hilton Head Capital Partners LLC acquired a new position in Prologis during the 4th quarter worth approximately $29,000. Institutional investors and hedge funds own 93.50% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on PLD shares. BMO Capital Markets raised Prologis from a “market perform” rating to an “outperform” rating and upped their price target for the stock from $137.00 to $162.00 in a research report on Thursday, May 7th. Bank of America upped their price target on Prologis from $153.00 to $162.00 and gave the stock a “buy” rating in a research report on Monday, April 20th. Argus upped their price target on Prologis from $135.00 to $152.00 and gave the stock a “buy” rating in a research report on Friday, April 17th. Truist Financial upped their price target on Prologis from $139.00 to $154.00 and gave the stock a “buy” rating in a research report on Friday, April 24th. Finally, Royal Bank Of Canada upped their price target on Prologis from $135.00 to $148.00 and gave the stock a “sector perform” rating in a research report on Tuesday, April 28th. Sixteen investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $151.86.

Prologis Trading Down 1.2%

NYSE PLD opened at $142.84 on Tuesday. The company has a market cap of $133.18 billion, a PE ratio of 35.98, a PEG ratio of 3.18 and a beta of 1.32. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.60. Prologis, Inc. has a 12 month low of $103.41 and a 12 month high of $147.93. The stock has a 50 day moving average of $140.66 and a 200-day moving average of $134.93.

Prologis (NYSE:PLD) last released its quarterly earnings data on Thursday, April 16th. The real estate investment trust reported $1.05 EPS for the quarter, beating the consensus estimate of $0.81 by $0.24. The company had revenue of $2.30 billion during the quarter, compared to the consensus estimate of $2.12 billion. Prologis had a return on equity of 6.47% and a net margin of 41.54%.The firm’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.43 EPS. Prologis has set its FY 2026 guidance at 6.070-6.230 EPS. On average, equities research analysts anticipate that Prologis, Inc. will post 6.18 EPS for the current fiscal year.

Prologis Announces Dividend

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

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.