State Street Corp Cuts Position in Prologis, Inc. $PLD

State Street Corp lessened its holdings in Prologis, Inc. (NYSE:PLD) by 1.3% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 57,335,668 shares of the real estate investment trust’s stock after selling 747,354 shares during the period. State Street Corp owned approximately 0.06% of Prologis worth $7,319,471,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of PLD. Nvwm LLC raised its holdings in shares of Prologis by 6,069.7% in the 4th quarter. Nvwm LLC now owns 15,486 shares of the real estate investment trust’s stock worth $1,977,000 after purchasing an additional 15,235 shares during the period. Assetmark Inc. raised its holdings in shares of Prologis by 10.0% in the 3rd quarter. Assetmark Inc. now owns 79,350 shares of the real estate investment trust’s stock worth $9,087,000 after purchasing an additional 7,217 shares during the period. State of New Jersey Common Pension Fund D raised its holdings in shares of Prologis by 1.9% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 754,060 shares of the real estate investment trust’s stock worth $86,355,000 after purchasing an additional 14,318 shares during the period. Public Sector Pension Investment Board raised its holdings in shares of Prologis by 32.1% in the 3rd quarter. Public Sector Pension Investment Board now owns 252,188 shares of the real estate investment trust’s stock worth $28,881,000 after purchasing an additional 61,230 shares during the period. Finally, CIBC Bancorp USA Inc. bought a new stake in shares of Prologis in the 3rd quarter worth approximately $42,158,000. Hedge funds and other institutional investors own 93.50% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. UBS Group lifted their price target on shares of Prologis from $148.00 to $161.00 and gave the stock a “buy” rating in a report on Friday, April 17th. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $157.00 price target on shares of Prologis in a report on Friday, April 17th. Mizuho lifted their price objective on shares of Prologis from $143.00 to $150.00 and gave the company an “outperform” rating in a research note on Wednesday, April 22nd. Truist Financial lifted their price objective on shares of Prologis from $139.00 to $154.00 and gave the company a “buy” rating in a research note on Friday, April 24th. Finally, Royal Bank Of Canada lifted their price objective on shares of Prologis from $135.00 to $148.00 and gave the company a “sector perform” rating in a research note on Tuesday, April 28th. Sixteen investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, Prologis currently has an average rating of “Moderate Buy” and a consensus price target of $151.86.

Prologis Stock Up 0.9%

Prologis stock opened at $148.49 on Friday. Prologis, Inc. has a 1-year low of $103.41 and a 1-year high of $149.70. The firm has a market capitalization of $138.44 billion, a price-to-earnings ratio of 37.40, a P/E/G ratio of 3.24 and a beta of 1.32. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.60. The firm has a 50 day simple moving average of $141.99 and a 200 day simple moving average of $135.51.

Prologis (NYSE:PLD) last released its quarterly earnings data on Thursday, April 16th. The real estate investment trust reported $1.05 earnings per share for the quarter, beating analysts’ consensus estimates 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 previous year, the business earned $1.43 EPS. Prologis’s revenue 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, analysts predict that Prologis, Inc. will post 6.18 earnings per share for the current year.

Prologis Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 16th will be given a dividend of $1.07 per share. This represents a $4.28 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date is Tuesday, June 16th. 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.