Prologis, Inc. $PLD Shares Sold by Mondrian Investment Partners LTD

Mondrian Investment Partners LTD reduced its holdings in Prologis, Inc. (NYSE:PLD) by 2.1% in the 4th quarter, Holdings Channel reports. The institutional investor owned 958,644 shares of the real estate investment trust’s stock after selling 20,583 shares during the quarter. Prologis accounts for about 1.9% of Mondrian Investment Partners LTD’s investment portfolio, making the stock its 23rd biggest holding. Mondrian Investment Partners LTD’s holdings in Prologis were worth $122,380,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. lifted its stake in shares of Prologis by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 123,323,290 shares of the real estate investment trust’s stock valued at $15,743,451,000 after purchasing an additional 1,258,407 shares during the period. Principal Financial Group Inc. lifted its stake in shares of Prologis by 1.3% in the fourth quarter. Principal Financial Group Inc. now owns 10,946,760 shares of the real estate investment trust’s stock valued at $1,397,467,000 after purchasing an additional 135,912 shares during the period. Swedbank AB lifted its stake in shares of Prologis by 36.2% in the fourth quarter. Swedbank AB now owns 7,664,583 shares of the real estate investment trust’s stock valued at $978,461,000 after purchasing an additional 2,038,329 shares during the period. Capital International Investors lifted its stake in shares of Prologis by 15.0% in the third quarter. Capital International Investors now owns 7,247,383 shares of the real estate investment trust’s stock valued at $829,970,000 after purchasing an additional 946,847 shares during the period. Finally, Wellington Management Group LLP lifted its stake in shares of Prologis by 1.2% in the third quarter. Wellington Management Group LLP now owns 6,995,375 shares of the real estate investment trust’s stock valued at $801,110,000 after purchasing an additional 85,012 shares during the period. 93.50% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently commented on the stock. JPMorgan Chase & Co. raised their price objective on shares of Prologis from $141.00 to $157.00 and gave the company an “overweight” rating in a research note on Tuesday, April 21st. UBS Group lifted their price objective on Prologis from $148.00 to $161.00 and gave the stock a “buy” rating in a report on Friday, April 17th. Evercore set a $135.00 target price on Prologis in a research report on Friday, April 17th. The Goldman Sachs Group reissued a “neutral” rating and issued a $157.00 target price on shares of Prologis in a report on Friday, April 17th. Finally, Weiss Ratings upgraded Prologis from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, May 1st. Sixteen investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $149.76.

Prologis Price Performance

Prologis stock opened at $146.05 on Friday. Prologis, Inc. has a 52 week low of $103.02 and a 52 week high of $146.27. 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 50-day simple moving average is $137.85 and its 200 day simple moving average is $133.36. The firm has a market capitalization of $136.17 billion, a PE ratio of 36.79, a P/E/G ratio of 3.21 and a beta of 1.33.

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, 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 for the quarter, compared to analyst estimates of $2.12 billion. During the same period in the previous year, the firm earned $1.43 EPS. The business’s revenue for the quarter was up 6.9% compared to the same quarter last year. Prologis has set its FY 2026 guidance at 6.070-6.230 EPS. On average, equities research analysts predict that Prologis, Inc. will post 6.17 EPS for the current fiscal year.

Prologis Announces Dividend

The business also recently declared 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 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend is Tuesday, June 16th. Prologis’s payout ratio is 107.81%.

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.