Prologis, Inc. $PLD Shares Bought by National Pension Service

National Pension Service grew its position in Prologis, Inc. (NYSE:PLD) by 12.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,737,711 shares of the real estate investment trust’s stock after buying an additional 294,574 shares during the quarter. National Pension Service owned 0.29% of Prologis worth $349,496,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Basepoint Wealth LLC purchased a new position in Prologis during the 4th quarter valued at about $89,000. Rothschild Investment LLC increased its holdings in Prologis by 34.9% during the 4th quarter. Rothschild Investment LLC now owns 3,148 shares of the real estate investment trust’s stock valued at $402,000 after acquiring an additional 814 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in Prologis by 8.5% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 52,756 shares of the real estate investment trust’s stock valued at $6,735,000 after acquiring an additional 4,113 shares in the last quarter. Retail Employees Superannuation Pty Ltd as trustee for Retail Employees Superannuation Trust purchased a new position in Prologis during the 4th quarter valued at about $12,442,000. Finally, Kingsview Wealth Management LLC increased its holdings in Prologis by 3.8% during the 4th quarter. Kingsview Wealth Management LLC now owns 21,459 shares of the real estate investment trust’s stock valued at $2,740,000 after acquiring an additional 781 shares in the last quarter. Hedge funds and other institutional investors own 93.50% of the company’s stock.

Prologis Trading Down 0.5%

Prologis stock opened at $145.86 on Friday. The stock has a market cap of $135.99 billion, a PE ratio of 36.74, a P/E/G ratio of 3.22 and a beta of 1.33. The stock has a 50-day moving average price of $138.94 and a 200 day moving average price of $134.04. Prologis, Inc. has a 52 week low of $103.41 and a 52 week high of $147.93. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.60.

Prologis (NYSE:PLD) last posted its quarterly earnings data on Thursday, April 16th. The real estate investment trust reported $1.05 EPS for the quarter, topping analysts’ consensus estimates of $0.81 by $0.24. The firm had revenue of $2.30 billion during the quarter, compared to analysts’ expectations of $2.12 billion. Prologis had a return on equity of 6.47% and a net margin of 41.54%.The firm’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same quarter last year, the business posted $1.43 EPS. Prologis has set its FY 2026 guidance at 6.070-6.230 EPS. Equities research analysts predict that Prologis, Inc. will post 6.18 earnings per share for the current fiscal year.

Prologis Announces Dividend

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

Analyst Upgrades and Downgrades

PLD has been the subject of several recent research reports. Weiss Ratings upgraded shares of Prologis from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, May 1st. Robert W. Baird raised their target price on shares of Prologis from $133.00 to $136.00 and gave the company a “neutral” rating in a report on Friday, April 17th. Mizuho raised their target price on shares of Prologis from $143.00 to $150.00 and gave the company an “outperform” rating in a report on Wednesday, April 22nd. Truist Financial raised their target price on shares of Prologis from $139.00 to $154.00 and gave the company a “buy” rating in a report on Friday, April 24th. Finally, Citigroup lifted their price objective on Prologis from $145.00 to $165.00 and gave the stock a “buy” rating in a research report on Tuesday, April 21st. Sixteen research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $150.52.

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.