Pensionfund PDN Purchases New Position in Prologis, Inc. $PLD

Pensionfund PDN acquired a new stake in Prologis, Inc. (NYSE:PLD) in the 4th quarter, Holdings Channel reports. The fund acquired 118,553 shares of the real estate investment trust’s stock, valued at approximately $15,134,000. Prologis comprises approximately 10.0% of Pensionfund PDN’s investment portfolio, making the stock its largest position.

Several other hedge funds also recently made changes to their positions in PLD. Clayton Financial Group LLC purchased a new stake in shares of Prologis in the 3rd quarter valued at about $26,000. True Wealth Design LLC boosted its position in shares of Prologis by 87.1% in the 4th quarter. True Wealth Design LLC now owns 262 shares of the real estate investment trust’s stock valued at $33,000 after purchasing an additional 122 shares during the period. Silver Oak Securities Incorporated purchased a new position in Prologis during the 3rd quarter worth approximately $36,000. Rossby Financial LCC increased its position in Prologis by 69.6% during the third quarter. Rossby Financial LCC now owns 329 shares of the real estate investment trust’s stock worth $38,000 after buying an additional 135 shares during the period. Finally, Dogwood Wealth Management LLC increased its position in Prologis by 87.3% during the third quarter. Dogwood Wealth Management LLC now owns 339 shares of the real estate investment trust’s stock worth $39,000 after buying an additional 158 shares during the period. Hedge funds and other institutional investors own 93.50% of the company’s stock.

Prologis Trading Up 1.8%

Shares of PLD stock opened at $130.30 on Tuesday. The company has a market capitalization of $121.12 billion, a P/E ratio of 36.70, a price-to-earnings-growth ratio of 3.02 and a beta of 1.41. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.61. The business’s 50 day moving average is $134.83 and its two-hundred day moving average is $127.15. Prologis, Inc. has a twelve month low of $85.35 and a twelve month high of $143.95.

Prologis (NYSE:PLD) last released its quarterly earnings results on Wednesday, January 21st. The real estate investment trust reported $1.44 EPS for the quarter, hitting the consensus estimate of $1.44. Prologis had a return on equity of 5.79% and a net margin of 37.86%.The business had revenue of $2.25 billion during the quarter, compared to analysts’ expectations of $2.09 billion. During the same quarter in the prior year, the business earned $1.42 earnings per share. The company’s quarterly revenue was up 7.8% compared to the same quarter last year. Prologis has set its FY 2026 guidance at 6.000-6.200 EPS. Equities analysts forecast that Prologis, Inc. will post 5.73 EPS for the current year.

Prologis Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 17th will be paid a $1.07 dividend. This is a boost from Prologis’s previous quarterly dividend of $1.01. The ex-dividend date is Tuesday, March 17th. This represents a $4.28 annualized dividend and a dividend yield of 3.3%. Prologis’s dividend payout ratio (DPR) is 120.56%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Evercore increased their price objective on Prologis from $118.00 to $121.00 and gave the company an “in-line” rating in a report on Thursday, January 22nd. BNP Paribas Exane lifted their target price on shares of Prologis from $129.00 to $140.00 and gave the company an “outperform” rating in a report on Wednesday, January 21st. BTIG Research upped their price target 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. Freedom Capital cut shares of Prologis from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 23rd. Finally, Mizuho raised their price objective on shares of Prologis from $138.00 to $143.00 and gave the stock an “outperform” rating in a research report on Monday, January 26th. Fourteen research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $137.20.

Prologis Company 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.