Rakuten Investment Management Inc. Sells 61,546 Shares of Prologis, Inc. $PLD

Rakuten Investment Management Inc. lessened its stake in shares of Prologis, Inc. (NYSE:PLD) by 33.5% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 122,184 shares of the real estate investment trust’s stock after selling 61,546 shares during the period. Rakuten Investment Management Inc.’s holdings in Prologis were worth $15,698,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of PLD. Norges Bank purchased a new stake in Prologis during the 4th quarter valued at $1,589,125,000. Cardano Risk Management B.V. raised its holdings in Prologis by 999.3% during the 4th quarter. Cardano Risk Management B.V. now owns 11,228,730 shares of the real estate investment trust’s stock valued at $1,433,460,000 after buying an additional 10,207,267 shares during the period. Swedbank AB raised its holdings in Prologis by 36.2% during the 4th quarter. Swedbank AB now owns 7,664,583 shares of the real estate investment trust’s stock valued at $978,461,000 after buying an additional 2,038,329 shares during the period. Bessemer Group Inc. raised its holdings in Prologis by 8,000.9% during the 4th quarter. Bessemer Group Inc. now owns 1,595,963 shares of the real estate investment trust’s stock valued at $203,741,000 after buying an additional 1,576,262 shares during the period. Finally, Vanguard Group Inc. raised its holdings in Prologis by 1.0% during the 4th 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 buying an additional 1,258,407 shares during the period. Hedge funds and other institutional investors own 93.50% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Scotiabank increased their price target on Prologis from $146.00 to $154.00 and gave the company an “outperform” rating in a report on Tuesday, April 21st. BMO Capital Markets upgraded Prologis from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $137.00 to $162.00 in a research note on Thursday, May 7th. BTIG Research reiterated a “buy” rating and issued a $155.00 target price on shares of Prologis in a research note on Wednesday, April 15th. Evercore set a $135.00 target price on Prologis in a research note on Friday, April 17th. Finally, Bank of America increased their target price on Prologis from $153.00 to $162.00 and gave the stock a “buy” rating in a research note on Monday, April 20th. Sixteen research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, Prologis has a consensus rating of “Moderate Buy” and a consensus target price of $151.86.

Prologis Stock Performance

PLD stock opened at $148.45 on Tuesday. The firm has a market cap of $138.41 billion, a price-to-earnings ratio of 37.39, a PEG ratio of 3.27 and a beta of 1.32. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 0.60. Prologis, Inc. has a twelve month low of $103.41 and a twelve month high of $150.18. The business’s fifty day simple moving average is $142.28 and its two-hundred day simple moving average is $135.72.

Prologis (NYSE:PLD) last announced its quarterly earnings results on Thursday, April 16th. The real estate investment trust reported $1.05 EPS for the quarter, beating the consensus estimate of $0.81 by $0.24. The firm had revenue of $2.30 billion for the quarter, compared to analyst estimates of $2.12 billion. Prologis had a return on equity of 6.47% and a net margin of 41.54%.The business’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same quarter last year, the firm posted $1.43 earnings per share. Prologis has set its FY 2026 guidance at 6.070-6.230 EPS. 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 paid a dividend of $1.07 per share. The ex-dividend date is Tuesday, June 16th. This represents a $4.28 annualized dividend and a dividend yield of 2.9%. Prologis’s dividend payout ratio (DPR) is currently 107.81%.

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.