Capital Research Global Investors Grows Stock Position in Prologis, Inc. $PLD

Capital Research Global Investors increased its position in Prologis, Inc. (NYSE:PLD) by 4.4% in the 4th quarter, HoldingsChannel reports. The fund owned 16,061,390 shares of the real estate investment trust’s stock after buying an additional 678,363 shares during the quarter. Capital Research Global Investors’ holdings in Prologis were worth $2,050,397,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in PLD. Brighton Jones LLC increased its holdings in Prologis by 629.0% in the 4th quarter. Brighton Jones LLC now owns 17,475 shares of the real estate investment trust’s stock worth $1,847,000 after acquiring an additional 15,078 shares in the last quarter. Schnieders Capital Management LLC. increased its holdings in Prologis by 45.4% in the 2nd quarter. Schnieders Capital Management LLC. now owns 10,728 shares of the real estate investment trust’s stock worth $1,128,000 after acquiring an additional 3,350 shares in the last quarter. Walleye Capital LLC purchased a new stake in Prologis in the 2nd quarter worth approximately $422,000. NewEdge Advisors LLC increased its holdings in Prologis by 6.8% in the 2nd quarter. NewEdge Advisors LLC now owns 63,829 shares of the real estate investment trust’s stock worth $6,710,000 after acquiring an additional 4,074 shares in the last quarter. Finally, Treasurer of the State of North Carolina increased its holdings in Prologis by 2.4% in the 2nd quarter. Treasurer of the State of North Carolina now owns 433,312 shares of the real estate investment trust’s stock worth $45,550,000 after acquiring an additional 10,266 shares in the last quarter. 93.50% of the stock is owned by hedge funds and other institutional investors.

Prologis Trading Up 0.6%

PLD stock opened at $144.69 on Friday. Prologis, Inc. has a 1-year low of $103.41 and a 1-year high of $147.93. 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 company has a market capitalization of $134.90 billion, a price-to-earnings ratio of 36.45, a PEG ratio of 3.18 and a beta of 1.32. The business has a 50 day simple moving average of $140.40 and a two-hundred day simple moving average of $134.72.

Prologis (NYSE:PLD) last posted its quarterly earnings results on Thursday, April 16th. The real estate investment trust reported $1.05 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.24. Prologis had a return on equity of 6.47% and a net margin of 41.54%.The business had revenue of $2.30 billion during the quarter, compared to the consensus estimate of $2.12 billion. During the same period in the prior year, the company posted $1.43 EPS. 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. Research analysts anticipate that Prologis, Inc. will post 6.18 EPS for the current fiscal year.

Prologis Dividend Announcement

The firm also recently declared 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. This represents a $4.28 annualized dividend and a yield of 3.0%. The ex-dividend date is Tuesday, June 16th. Prologis’s dividend payout ratio is presently 107.81%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on PLD shares. Mizuho increased their target price on shares of Prologis from $143.00 to $150.00 and gave the stock an “outperform” rating in a report on Wednesday, April 22nd. Morgan Stanley increased their target price on shares of Prologis from $135.00 to $151.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 26th. JPMorgan Chase & Co. upped their price target on Prologis from $141.00 to $157.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 21st. Argus upped their price target on Prologis from $135.00 to $152.00 and gave the stock a “buy” rating in a research note on Friday, April 17th. Finally, Wall Street Zen upgraded Prologis from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Sixteen equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $151.86.

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.