Retirement Systems of Alabama Sells 9,444 Shares of Prologis, Inc. $PLD

Retirement Systems of Alabama reduced its holdings in Prologis, Inc. (NYSE:PLD) by 0.9% during the 4th quarter, HoldingsChannel reports. The firm owned 1,092,611 shares of the real estate investment trust’s stock after selling 9,444 shares during the quarter. Retirement Systems of Alabama’s holdings in Prologis were worth $139,483,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the business. Whittier Trust Co. of Nevada Inc. boosted its stake in Prologis by 0.5% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 16,583 shares of the real estate investment trust’s stock valued at $1,941,000 after purchasing an additional 82 shares during the period. Foster Dykema Cabot & Partners LLC increased its position in Prologis by 1.0% in the 3rd quarter. Foster Dykema Cabot & Partners LLC now owns 8,232 shares of the real estate investment trust’s stock worth $943,000 after buying an additional 83 shares during the period. Cornerstone Advisory LLC lifted its holdings in shares of Prologis by 2.4% during the third quarter. Cornerstone Advisory LLC now owns 3,535 shares of the real estate investment trust’s stock worth $405,000 after buying an additional 84 shares during the last quarter. Pallas Capital Advisors LLC boosted its position in shares of Prologis by 0.3% in the fourth quarter. Pallas Capital Advisors LLC now owns 26,350 shares of the real estate investment trust’s stock valued at $3,364,000 after acquiring an additional 85 shares during the period. Finally, Cadence Bank boosted its position in shares of Prologis by 2.1% in the third quarter. Cadence Bank now owns 4,209 shares of the real estate investment trust’s stock valued at $482,000 after acquiring an additional 87 shares during the period. Institutional investors and hedge funds own 93.50% of the company’s stock.

Prologis Stock Down 0.2%

PLD opened at $128.64 on Tuesday. The company has a market capitalization of $119.92 billion, a P/E ratio of 36.24, a P/E/G ratio of 3.04 and a beta of 1.41. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.58 and a quick ratio of 0.58. The firm’s fifty day moving average price is $134.57 and its two-hundred day moving average price is $127.73. Prologis, Inc. has a fifty-two week low of $85.35 and a fifty-two week high of $143.95.

Prologis (NYSE:PLD) last released its quarterly earnings data on Wednesday, January 21st. The real estate investment trust reported $1.44 EPS for the quarter, hitting analysts’ consensus estimates of $1.44. Prologis had a net margin of 37.86% and a return on equity of 5.79%. The company had revenue of $2.25 billion during the quarter, compared to the consensus estimate of $2.09 billion. During the same period last year, the firm earned $1.42 EPS. The firm’s revenue for the quarter was up 7.8% compared to the same quarter last year. Prologis has set its FY 2026 guidance at 6.000-6.200 EPS. On average, analysts anticipate that Prologis, Inc. will post 5.73 EPS for the current year.

Prologis Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 17th will be paid a dividend of $1.07 per share. This is a positive change from Prologis’s previous quarterly dividend of $1.01. This represents a $4.28 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date is Tuesday, March 17th. Prologis’s dividend payout ratio is 120.56%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on PLD. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Prologis in a research report on Friday. BMO Capital Markets restated a “market perform” rating and issued a $123.00 price target on shares of Prologis in a research report on Thursday, January 22nd. Jefferies Financial Group boosted their price objective on shares of Prologis from $146.00 to $157.00 and gave the stock a “buy” rating in a report on Friday, February 20th. UBS Group increased their target price on shares of Prologis from $144.00 to $148.00 and gave the company a “buy” rating in a research note on Thursday, January 22nd. Finally, Evercore lifted their target price on Prologis from $118.00 to $121.00 and gave the stock an “in-line” rating in a research report on Thursday, January 22nd. Fourteen equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat.com, Prologis currently has an average rating of “Moderate Buy” and an average price target of $137.20.

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.