NewEdge Advisors LLC Grows Stock Position in Prologis, Inc. $PLD

NewEdge Advisors LLC increased its position in shares of Prologis, Inc. (NYSE:PLD) by 5.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 706,097 shares of the real estate investment trust’s stock after buying an additional 39,070 shares during the period. NewEdge Advisors LLC’s holdings in Prologis were worth $95,655,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. California State Teachers Retirement System increased its stake in shares of Prologis by 13,234.9% in the second quarter. California State Teachers Retirement System now owns 189,453,847 shares of the real estate investment trust’s stock worth $25,665,313,000 after buying an additional 188,033,109 shares during the last quarter. BlackRock Inc. bought a new position in Prologis during the 2nd quarter valued at $14,006,587,000. Geode Capital Management LLC boosted its stake in Prologis by 1.5% during the 4th quarter. Geode Capital Management LLC now owns 23,012,940 shares of the real estate investment trust’s stock valued at $2,925,791,000 after acquiring an additional 339,906 shares during the last quarter. Capital Research Global Investors boosted its stake in Prologis by 4.4% during the 4th quarter. Capital Research Global Investors now owns 16,061,390 shares of the real estate investment trust’s stock valued at $2,050,397,000 after acquiring an additional 678,363 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Prologis by 4.4% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 14,753,884 shares of the real estate investment trust’s stock worth $1,998,709,000 after acquiring an additional 618,467 shares in the last quarter. 93.50% of the stock is currently owned by hedge funds and other institutional investors.

Prologis Trading Up 0.9%

NYSE:PLD opened at $138.59 on Wednesday. The firm has a market capitalization of $129.32 billion, a P/E ratio of 30.87 and a beta of 1.30. The business has a 50 day simple moving average of $142.09 and a 200 day simple moving average of $140.55. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.70 and a quick ratio of 0.70. Prologis, Inc. has a 12-month low of $110.60 and a 12-month high of $153.35.

Prologis (NYSE:PLD) last issued its earnings results on Thursday, July 16th. The real estate investment trust reported $1.13 earnings per share for the quarter, topping the consensus estimate of $0.75 by $0.38. The firm had revenue of $2.43 billion for the quarter, compared to analyst estimates of $2.16 billion. Prologis had a return on equity of 7.29% and a net margin of 45.79%.The firm’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same period last year, the company earned $1.46 earnings per share. Prologis has set its FY 2026 guidance at 6.220-6.300 EPS. Equities research analysts predict that Prologis, Inc. will post 6.27 EPS for the current year.

Prologis Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Wednesday, September 16th will be issued a $1.07 dividend. This represents a $4.28 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend is Wednesday, September 16th. Prologis’s dividend payout ratio (DPR) is 95.32%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Scotiabank upped their target price on shares of Prologis from $146.00 to $150.00 and gave the company a “sector perform” rating in a research note on Thursday, July 23rd. BMO Capital Markets decreased their price target on Prologis from $162.00 to $158.00 and set an “outperform” rating for the company in a research note on Monday, June 29th. Truist Financial upped their price target on Prologis from $154.00 to $162.00 and gave the company a “buy” rating in a research report on Tuesday, July 21st. Mizuho lifted their price objective on shares of Prologis from $150.00 to $159.00 and gave the stock an “outperform” rating in a report on Friday, July 17th. Finally, Royal Bank Of Canada upgraded shares of Prologis from a “sector perform” rating to an “outperform” rating and boosted their target price for the company from $148.00 to $160.00 in a research note on Tuesday, August 4th. Sixteen analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat.com, Prologis has a consensus rating of “Moderate Buy” and an average price target of $154.52.

Insiders Place Their Bets

In other Prologis news, CFO Timothy Arndt sold 3,597 shares of the company’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $150.00, for a total value of $539,550.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.52% of the stock is currently owned by corporate insiders.

Prologis Profile

Prologis, Inc is a global real estate investment trust (REIT) that owns, develops, acquires and manages logistics and industrial properties. Its portfolio is designed to support supply-chain operations and includes distribution centers, warehouses, fulfillment facilities and other industrial buildings used by manufacturers, retailers, transportation companies and logistics providers.

The company also provides related property and business services, including facility management, leasing, development and customer-focused solutions through its Prologis Essentials platform.