Healthcare of Ontario Pension Plan Trust Fund Buys 798,981 Shares of Prologis, Inc. $PLD

Healthcare of Ontario Pension Plan Trust Fund lifted its stake in shares of Prologis, Inc. (NYSE:PLD) by 681.3% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 916,253 shares of the real estate investment trust’s stock after acquiring an additional 798,981 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Prologis were worth $116,969,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. High Point Wealth Management LLC purchased a new position in Prologis in the 4th quarter worth $26,000. Ares Financial Consulting LLC purchased a new position in Prologis in the 4th quarter worth $26,000. Eagle Bay Advisors LLC purchased a new position in Prologis in the 4th quarter worth $27,000. SouthState Bank Corp raised its position in Prologis by 73.1% in the 4th quarter. SouthState Bank Corp now owns 225 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 95 shares during the period. Finally, Hilton Head Capital Partners LLC purchased a new position in Prologis in the 4th quarter worth $29,000. 93.50% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts recently commented on PLD shares. Wall Street Zen upgraded shares of Prologis from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Robert W. Baird lifted their target price on shares of Prologis from $133.00 to $136.00 and gave the stock a “neutral” rating in a research report on Friday, April 17th. Royal Bank Of Canada lifted their target price on shares of Prologis from $135.00 to $148.00 and gave the stock a “sector perform” rating in a research report on Tuesday, April 28th. Evercore set a $135.00 target price on shares of Prologis in a research report on Friday, April 17th. Finally, Truist Financial lifted their target price on shares of Prologis from $139.00 to $154.00 and gave the stock a “buy” rating in a research report on Friday, April 24th. Sixteen analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $151.86.

Prologis Price Performance

PLD stock opened at $148.49 on Friday. The firm’s 50-day moving average price is $141.99 and its two-hundred day moving average price is $135.51. Prologis, Inc. has a 12-month low of $103.41 and a 12-month high of $149.70. The stock has a market capitalization of $138.44 billion, a price-to-earnings ratio of 37.40, a PEG ratio of 3.27 and a beta of 1.32. 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 released its quarterly earnings data on Thursday, April 16th. The real estate investment trust reported $1.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.81 by $0.24. Prologis had a net margin of 41.54% and a return on equity of 6.47%. The firm had revenue of $2.30 billion for the quarter, compared to analysts’ expectations of $2.12 billion. During the same quarter in the previous year, the company earned $1.43 earnings per share. The company’s revenue for the quarter 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, equities analysts predict that Prologis, Inc. will post 6.18 earnings per share for the current year.

Prologis Dividend Announcement

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

About Prologis

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.