Quintet Private Bank Europe S.A. Cuts Position in Prologis, Inc. $PLD

by · The Markets Daily

Quintet Private Bank Europe S.A. decreased its stake in Prologis, Inc. (NYSE:PLDFree Report) by 38.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,235 shares of the real estate investment trust’s stock after selling 5,728 shares during the period. Quintet Private Bank Europe S.A.’s holdings in Prologis were worth $1,179,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Brighton Jones LLC grew its stake in Prologis by 629.0% in the 4th quarter. Brighton Jones LLC now owns 17,475 shares of the real estate investment trust’s stock valued at $1,847,000 after acquiring an additional 15,078 shares during the last quarter. Schnieders Capital Management LLC. increased its holdings in Prologis by 45.4% during the 2nd quarter. Schnieders Capital Management LLC. now owns 10,728 shares of the real estate investment trust’s stock valued at $1,128,000 after acquiring an additional 3,350 shares in the last quarter. Edgestream Partners L.P. raised its position in Prologis by 129.0% during the second quarter. Edgestream Partners L.P. now owns 6,190 shares of the real estate investment trust’s stock worth $651,000 after acquiring an additional 3,487 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Prologis by 565.6% in the second quarter. Arrowstreet Capital Limited Partnership now owns 658,698 shares of the real estate investment trust’s stock valued at $69,242,000 after purchasing an additional 559,732 shares in the last quarter. Finally, Twin Peaks Wealth Advisors LLC purchased a new stake in shares of Prologis in the second quarter valued at about $44,000. 93.50% of the stock is currently owned by institutional investors and hedge funds.

Key Prologis News

Here are the key news stories impacting Prologis this week:

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the stock. Scotiabank raised shares of Prologis from a “sector perform” rating to a “sector outperform” rating and raised their price objective for the stock from $133.00 to $146.00 in a research note on Wednesday, January 14th. BNP Paribas Exane upped their target price on Prologis from $129.00 to $140.00 and gave the company an “outperform” rating in a research note on Wednesday, January 21st. Argus increased their target price on Prologis from $128.00 to $135.00 and gave the company a “buy” rating in a report on Thursday, January 22nd. Truist Financial dropped their price target on Prologis from $142.00 to $139.00 and set a “buy” rating for the company in a research report on Monday, January 26th. Finally, Freedom Capital downgraded Prologis from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 23rd. Fourteen equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, Prologis currently has an average rating of “Moderate Buy” and an average target price of $137.20.

View Our Latest Stock Report on Prologis

Prologis Price Performance

Prologis stock opened at $133.91 on Friday. Prologis, Inc. has a 1 year low of $85.35 and a 1 year high of $143.95. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.58 and a current ratio of 0.58. The firm has a 50 day moving average price of $134.93 and a 200 day moving average price of $128.07. The company has a market cap of $124.84 billion, a price-to-earnings ratio of 37.72, a PEG ratio of 3.16 and a beta of 1.40.

Prologis (NYSE:PLDGet Free Report) 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. The company had revenue of $2.25 billion for the quarter, compared to the consensus estimate of $2.09 billion. Prologis had a net margin of 37.86% and a return on equity of 5.79%. Prologis’s revenue was up 7.8% on a year-over-year basis. During the same quarter last year, the firm posted $1.42 earnings per share. Prologis has set its FY 2026 guidance at 6.000-6.200 EPS. Sell-side analysts predict that Prologis, Inc. will post 5.73 earnings per share for the current year.

Prologis Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Tuesday, March 17th were issued a $1.07 dividend. 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 dividend on an annualized basis and a yield of 3.2%. Prologis’s payout ratio is 120.56%.

Prologis 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.

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