Fideuram Intesa Sanpaolo Private Banking S.P.A. Takes Position in Prologis, Inc. $PLD

Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new stake in shares of Prologis, Inc. (NYSE:PLD) in the 4th quarter, Holdings Channel.com reports. The firm bought 6,131 shares of the real estate investment trust’s stock, valued at approximately $783,000.

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

Prologis Stock Performance

NYSE:PLD opened at $144.60 on Friday. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 0.60. The firm’s fifty day simple moving average is $137.62 and its 200 day simple moving average is $133.27. The stock has a market cap of $134.82 billion, a P/E ratio of 36.42, a price-to-earnings-growth ratio of 3.19 and a beta of 1.33. Prologis, Inc. has a twelve month low of $103.02 and a twelve month high of $145.44.

Prologis (NYSE:PLD) last issued its quarterly earnings data on Thursday, April 16th. The real estate investment trust reported $1.05 EPS for the quarter, topping the consensus estimate of $0.81 by $0.24. Prologis had a net margin of 41.54% and a return on equity of 6.47%. The business had revenue of $2.30 billion during the quarter, compared to analyst estimates of $2.12 billion. During the same period in the prior year, the business earned $1.43 EPS. The company’s revenue for the quarter was up 6.9% on a year-over-year basis. Prologis has set its FY 2026 guidance at 6.070-6.230 EPS. As a group, research analysts predict that Prologis, Inc. will post 6.17 EPS for the current year.

Prologis Dividend Announcement

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

Analyst Ratings Changes

PLD has been the subject of several analyst reports. The Goldman Sachs Group reissued a “neutral” rating and set a $157.00 price target on shares of Prologis in a research report on Friday, April 17th. BNP Paribas Exane boosted their price objective on shares of Prologis from $140.00 to $150.00 and gave the company an “outperform” rating in a research report on Friday, April 17th. UBS Group upped their price objective on shares of Prologis from $148.00 to $161.00 and gave the company a “buy” rating in a research note on Friday, April 17th. Scotiabank increased their target price on shares of Prologis from $146.00 to $154.00 and gave the stock an “outperform” rating in a report on Tuesday, April 21st. Finally, DA Davidson raised their target price on Prologis from $140.00 to $160.00 and gave the stock a “buy” rating in a research note on Tuesday, April 21st. Sixteen equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, Prologis currently has a consensus rating of “Moderate Buy” and an average price target of $149.76.

Prologis 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.