Legal & General Group Plc Purchases 661,502 Shares of Prologis, Inc. $PLD

Legal & General Group Plc increased its position in shares of Prologis, Inc. (NYSE:PLD) by 6.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,443,741 shares of the real estate investment trust’s stock after purchasing an additional 661,502 shares during the period. Legal & General Group Plc owned about 1.23% of Prologis worth $1,460,908,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Connors Investor Services Inc. increased its position in shares of Prologis by 1.7% during the fourth quarter. Connors Investor Services Inc. now owns 69,340 shares of the real estate investment trust’s stock valued at $8,852,000 after purchasing an additional 1,135 shares during the period. Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new stake in shares of Prologis during the fourth quarter valued at approximately $783,000. Coldstream Capital Management Inc. increased its position in shares of Prologis by 163.1% during the fourth quarter. Coldstream Capital Management Inc. now owns 44,128 shares of the real estate investment trust’s stock valued at $5,634,000 after purchasing an additional 27,356 shares during the period. Life Cycle Investment Partners Ltd bought a new stake in shares of Prologis during the fourth quarter valued at approximately $35,685,000. Finally, Buckhead Capital Management LLC increased its position in shares of Prologis by 16.7% during the fourth quarter. Buckhead Capital Management LLC now owns 2,468 shares of the real estate investment trust’s stock valued at $315,000 after purchasing an additional 353 shares during the period. 93.50% of the stock is currently owned by institutional investors.

Prologis Stock Performance

Shares of NYSE:PLD opened at $146.05 on Monday. The business’s fifty day moving average price is $137.85 and its two-hundred day moving average price is $133.42. Prologis, Inc. has a fifty-two week low of $103.02 and a fifty-two week high of $146.27. The stock has a market capitalization of $136.17 billion, a price-to-earnings ratio of 36.79, a price-to-earnings-growth ratio of 3.21 and a beta of 1.33. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.51 and a quick ratio of 0.51.

Prologis (NYSE:PLD) last announced its quarterly earnings results 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 return on equity of 6.47% and a net margin of 41.54%.The firm had revenue of $2.30 billion for the quarter, compared to analysts’ expectations of $2.12 billion. During the same period in the prior year, the business posted $1.43 earnings per share. The business’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. As a group, analysts predict that Prologis, Inc. will post 6.17 EPS for the current fiscal year.

Prologis Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 16th will be paid a $1.07 dividend. The ex-dividend date of this dividend is Tuesday, June 16th. This represents a $4.28 dividend on an annualized basis and a yield of 2.9%. Prologis’s payout ratio is currently 107.81%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on PLD shares. Citigroup boosted their price objective on Prologis from $145.00 to $165.00 and gave the company a “buy” rating in a research report on Tuesday, April 21st. Jefferies Financial Group lowered their price target on Prologis from $157.00 to $155.00 and set a “buy” rating on the stock in a research report on Tuesday, April 14th. Weiss Ratings upgraded Prologis from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, May 1st. Evercore set a $135.00 price target on Prologis in a research report on Friday, April 17th. Finally, Truist Financial upped their price target on Prologis from $139.00 to $154.00 and gave the company a “buy” rating in a research report on Friday, April 24th. Sixteen research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, Prologis has an average rating of “Moderate Buy” and a consensus price target of $149.76.

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.