Prologis, Inc. $PLD Shares Sold by UniSuper Management Pty Ltd

UniSuper Management Pty Ltd decreased its holdings in Prologis, Inc. (NYSE:PLD) by 5.3% in the 4th quarter, HoldingsChannel.com reports. The fund owned 395,522 shares of the real estate investment trust’s stock after selling 22,116 shares during the quarter. UniSuper Management Pty Ltd’s holdings in Prologis were worth $50,492,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of PLD. High Point Wealth Management LLC acquired a new position in shares of Prologis in the fourth quarter worth $26,000. Ares Financial Consulting LLC acquired a new position in shares of Prologis in the fourth quarter worth $26,000. Eagle Bay Advisors LLC acquired a new position in shares of Prologis in the fourth quarter worth $27,000. SouthState Bank Corp grew its stake in shares of Prologis by 73.1% in the fourth 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 in the last quarter. Finally, Hilton Head Capital Partners LLC acquired a new position in shares of Prologis in the fourth quarter worth $29,000. Institutional investors and hedge funds own 93.50% of the company’s stock.

Wall Street Analyst Weigh In

PLD has been the subject of several recent analyst reports. Argus lifted their price objective on shares of Prologis from $135.00 to $152.00 and gave the stock a “buy” rating in a research report on Friday, April 17th. Wall Street Zen raised shares of Prologis from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. BMO Capital Markets raised shares of Prologis from a “market perform” rating to an “outperform” rating and lifted their price objective for the stock from $137.00 to $162.00 in a research report on Thursday, May 7th. Wells Fargo & Company lifted their price objective on shares of Prologis from $155.00 to $167.00 and gave the stock an “overweight” rating in a research report on Monday, June 1st. Finally, Royal Bank Of Canada lifted their price objective on shares of Prologis from $135.00 to $148.00 and gave the stock a “sector perform” rating in a research report on Tuesday, April 28th. Sixteen equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Prologis presently has a consensus rating of “Moderate Buy” and a consensus target price of $151.86.

Prologis Price Performance

Prologis stock opened at $147.49 on Friday. The stock has a market cap of $137.51 billion, a P/E ratio of 37.15, a price-to-earnings-growth ratio of 3.21 and a beta of 1.32. The company has a fifty day simple moving average of $141.69 and a 200-day simple moving average of $135.42. Prologis, Inc. has a 12-month low of $103.41 and a 12-month high of $148.46. 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 (NYSE:PLD) last released its quarterly earnings data on Thursday, April 16th. The real estate investment trust reported $1.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.24. The business had revenue of $2.30 billion during the quarter, compared to analysts’ expectations of $2.12 billion. Prologis had a net margin of 41.54% and a return on equity of 6.47%. The company’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same period in the previous year, the company earned $1.43 EPS. Prologis has set its FY 2026 guidance at 6.070-6.230 EPS. Equities analysts expect that Prologis, Inc. will post 6.18 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. Investors of record on Tuesday, June 16th will be given a $1.07 dividend. The ex-dividend date of this dividend is Tuesday, June 16th. This represents a $4.28 dividend on an annualized basis and a yield of 2.9%. Prologis’s payout ratio is 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.