Retail Employees Superannuation Pty Ltd as trustee for Retail Employees Superannuation Trust Takes $12.44 Million Position in Prologis, Inc. $PLD

Retail Employees Superannuation Pty Ltd as trustee for Retail Employees Superannuation Trust purchased a new stake in shares of Prologis, Inc. (NYSE:PLD) during the fourth quarter, HoldingsChannel.com reports. The fund purchased 97,463 shares of the real estate investment trust’s stock, valued at approximately $12,442,000. Prologis comprises about 3.3% of Retail Employees Superannuation Pty Ltd as trustee for Retail Employees Superannuation Trust’s holdings, making the stock its 13th biggest holding.

A number of other institutional investors have also recently made changes to their positions in the stock. Nvwm LLC lifted its stake in shares of Prologis by 6,069.7% in the 4th quarter. Nvwm LLC now owns 15,486 shares of the real estate investment trust’s stock worth $1,977,000 after purchasing an additional 15,235 shares during the period. Foresight Group Ltd Liability Partnership lifted its stake in shares of Prologis by 240.1% in the 3rd quarter. Foresight Group Ltd Liability Partnership now owns 44,715 shares of the real estate investment trust’s stock worth $5,109,000 after purchasing an additional 31,567 shares during the period. National Pension Service lifted its stake in shares of Prologis by 2.4% in the 3rd quarter. National Pension Service now owns 2,443,137 shares of the real estate investment trust’s stock worth $279,788,000 after purchasing an additional 56,272 shares during the period. Envestnet Asset Management Inc. lifted its stake in shares of Prologis by 3.6% in the 3rd quarter. Envestnet Asset Management Inc. now owns 3,644,875 shares of the real estate investment trust’s stock worth $417,411,000 after purchasing an additional 126,613 shares during the period. Finally, Assetmark Inc. raised its stake in Prologis by 10.0% during the 3rd quarter. Assetmark Inc. now owns 79,350 shares of the real estate investment trust’s stock worth $9,087,000 after acquiring an additional 7,217 shares during the period. Hedge funds and other institutional investors own 93.50% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have commented on PLD. BTIG Research restated a “buy” rating and set a $155.00 target price on shares of Prologis in a research note on Wednesday, April 15th. Argus raised 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. JPMorgan Chase & Co. raised their target price on shares of Prologis from $141.00 to $157.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 21st. DA Davidson raised 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. Finally, Truist Financial raised their target price on shares of Prologis from $139.00 to $154.00 and gave the stock a “buy” rating in a research note on Friday, April 24th. Sixteen analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $150.52.

Prologis Trading Down 0.3%

Prologis stock opened at $146.55 on Thursday. The stock has a market cap of $136.63 billion, a P/E ratio of 36.91, a PEG ratio of 3.24 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, Inc. has a 1 year low of $103.41 and a 1 year high of $147.93. The firm’s 50 day moving average price is $138.69 and its 200-day moving average price is $133.90.

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 the consensus estimate of $0.81 by $0.24. The firm had revenue of $2.30 billion for 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%. The company’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same quarter last year, the business posted $1.43 earnings per share. Prologis has set its FY 2026 guidance at 6.070-6.230 EPS. On average, equities analysts predict that Prologis, Inc. will post 6.17 earnings per share for the current fiscal year.

Prologis Dividend Announcement

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