Russell Investments Group Ltd. Cuts Stock Position in Prologis, Inc. $PLD

Russell Investments Group Ltd. cut its stake in shares of Prologis, Inc. (NYSE:PLD) by 21.2% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 2,815,282 shares of the real estate investment trust’s stock after selling 759,008 shares during the period. Prologis comprises about 0.4% of Russell Investments Group Ltd.’s holdings, making the stock its 27th biggest holding. Russell Investments Group Ltd.’s holdings in Prologis were worth $359,637,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. High Point Wealth Management LLC acquired a new stake in shares of Prologis in the fourth quarter valued at about $26,000. Ares Financial Consulting LLC acquired a new position in shares of Prologis during the 4th quarter worth about $26,000. Eagle Bay Advisors LLC acquired a new position in shares of Prologis during the 4th quarter worth about $27,000. SouthState Bank Corp lifted its stake in Prologis by 73.1% in the 4th quarter. SouthState Bank Corp now owns 225 shares of the real estate investment trust’s stock valued at $29,000 after buying an additional 95 shares in the last quarter. Finally, Hilton Head Capital Partners LLC purchased a new position in Prologis in the 4th quarter valued at about $29,000. 93.50% of the stock is owned by hedge funds and other institutional investors.

Prologis Price Performance

PLD stock opened at $146.08 on Wednesday. Prologis, Inc. has a 1 year low of $103.41 and a 1 year high of $150.18. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.51 and a quick ratio of 0.51. The firm has a market capitalization of $136.20 billion, a PE ratio of 36.80, a price-to-earnings-growth ratio of 3.27 and a beta of 1.32. The business has a 50 day simple moving average of $142.52 and a 200-day simple moving average of $135.85.

Prologis (NYSE:PLD) last released its quarterly earnings data on Thursday, April 16th. The real estate investment trust reported $1.05 earnings per share for the quarter, topping 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 company had revenue of $2.30 billion for the quarter, compared to analyst estimates of $2.12 billion. During the same quarter in the previous year, the company posted $1.43 earnings per share. The firm’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. Equities research analysts anticipate that Prologis, Inc. will post 6.18 earnings per share for the current fiscal year.

Prologis Dividend Announcement

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 issued 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 dividend yield of 2.9%. Prologis’s dividend payout ratio is currently 107.81%.

Wall Street Analysts Forecast Growth

PLD has been the topic of several research reports. Robert W. Baird raised their target price on Prologis from $133.00 to $136.00 and gave the company a “neutral” rating in a research report on Friday, April 17th. JPMorgan Chase & Co. boosted their price target on Prologis from $141.00 to $157.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 21st. Mizuho increased their price objective on Prologis from $143.00 to $150.00 and gave the company an “outperform” rating in a research note on Wednesday, April 22nd. BNP Paribas Exane raised their price objective on Prologis from $140.00 to $150.00 and gave the company an “outperform” rating in a report on Friday, April 17th. Finally, Wells Fargo & Company lifted their target price on shares of Prologis from $155.00 to $167.00 and gave the stock an “overweight” rating in a research note on Monday, June 1st. Sixteen analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $151.86.

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.