Canada Post Corp Registered Pension Plan Purchases 8,930 Shares of Prologis, Inc. $PLD

Canada Post Corp Registered Pension Plan lifted its position in shares of Prologis, Inc. (NYSE:PLD) by 73.9% during the fourth quarter, Holdings Channel reports. The firm owned 21,021 shares of the real estate investment trust’s stock after acquiring an additional 8,930 shares during the period. Canada Post Corp Registered Pension Plan’s holdings in Prologis were worth $2,684,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in PLD. Swedbank AB raised its position in Prologis by 36.2% in the fourth quarter. Swedbank AB now owns 7,664,583 shares of the real estate investment trust’s stock worth $978,461,000 after acquiring an additional 2,038,329 shares during the period. Bessemer Group Inc. raised its position in Prologis by 8,000.9% in the fourth quarter. Bessemer Group Inc. now owns 1,595,963 shares of the real estate investment trust’s stock worth $203,741,000 after acquiring an additional 1,576,262 shares during the period. Vanguard Group Inc. raised its position in Prologis by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 123,323,290 shares of the real estate investment trust’s stock worth $15,743,451,000 after acquiring an additional 1,258,407 shares during the period. Amundi raised its position in Prologis by 22.0% in the third quarter. Amundi now owns 5,651,563 shares of the real estate investment trust’s stock worth $661,968,000 after acquiring an additional 1,020,819 shares during the period. Finally, Federated Hermes Inc. raised its position in Prologis by 30.3% in the third quarter. Federated Hermes Inc. now owns 4,256,236 shares of the real estate investment trust’s stock worth $487,424,000 after acquiring an additional 988,986 shares during the period. Hedge funds and other institutional investors own 93.50% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have commented on PLD shares. 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. UBS Group lifted their price objective on shares of Prologis from $148.00 to $161.00 and gave the stock a “buy” rating in a research report on Friday, April 17th. DA Davidson lifted their target price on shares of Prologis from $140.00 to $160.00 and gave the stock a “buy” rating in a research note on Tuesday, April 21st. Wall Street Zen upgraded shares of Prologis from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Finally, Argus lifted their target price on shares of Prologis from $135.00 to $152.00 and gave the stock a “buy” rating in a research note on Friday, April 17th. Sixteen equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $149.76.

Prologis Price Performance

PLD opened at $140.50 on Monday. The firm has a 50-day moving average price of $137.01 and a 200-day moving average price of $132.73. The company has a market capitalization of $130.99 billion, a price-to-earnings ratio of 35.39, a PEG ratio of 3.10 and a beta of 1.33. Prologis, Inc. has a twelve month low of $103.02 and a twelve month high of $145.44. 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 (NYSE:PLD) last issued its quarterly earnings data 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 company 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%. Prologis’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.43 earnings per share. Prologis has set its FY 2026 guidance at 6.070-6.230 EPS. Equities analysts expect that Prologis, Inc. will post 6.17 EPS for the current year.

Prologis Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 16th will be paid a dividend of $1.07 per share. The ex-dividend date of this dividend is Tuesday, June 16th. This represents a $4.28 annualized dividend and a yield of 3.0%. Prologis’s payout ratio is currently 107.81%.

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.