Royal London Asset Management Ltd. Boosts Stake in Prologis, Inc. $PLD

Royal London Asset Management Ltd. raised its position in Prologis, Inc. (NYSE:PLD) by 0.6% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 773,287 shares of the real estate investment trust’s stock after purchasing an additional 4,754 shares during the period. Royal London Asset Management Ltd.’s holdings in Prologis were worth $98,718,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in Prologis by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 123,323,290 shares of the real estate investment trust’s stock valued at $15,743,451,000 after buying an additional 1,258,407 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Prologis by 1.5% during the fourth quarter. Geode Capital Management LLC now owns 23,012,940 shares of the real estate investment trust’s stock worth $2,925,791,000 after purchasing an additional 339,906 shares during the last quarter. Capital Research Global Investors lifted its position in shares of Prologis by 4.4% during the fourth quarter. Capital Research Global Investors now owns 16,061,390 shares of the real estate investment trust’s stock worth $2,050,397,000 after purchasing an additional 678,363 shares during the last quarter. Norges Bank bought a new position in shares of Prologis during the fourth quarter worth about $1,589,125,000. Finally, Legal & General Group Plc lifted its position in shares of Prologis by 6.1% during the fourth quarter. Legal & General Group Plc now owns 11,443,741 shares of the real estate investment trust’s stock worth $1,460,908,000 after purchasing an additional 661,502 shares during the last quarter. 93.50% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on PLD. UBS Group increased their price target on shares of Prologis from $148.00 to $161.00 and gave the stock a “buy” rating in a research report on Friday, April 17th. Bank of America raised their price target on shares of Prologis from $153.00 to $162.00 and gave the company a “buy” rating in a research note on Monday, April 20th. Wells Fargo & Company raised their price objective on shares of Prologis from $155.00 to $167.00 and gave the company an “overweight” rating in a research note on Monday, June 1st. DA Davidson raised their price objective on shares of Prologis from $140.00 to $160.00 and gave the company a “buy” rating in a research note on Tuesday, April 21st. Finally, Robert W. Baird raised their price objective on shares of Prologis from $133.00 to $136.00 and gave the company a “neutral” rating in a research note on Friday, April 17th. Sixteen analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, Prologis currently has a consensus rating of “Moderate Buy” and an average price target of $151.86.

Prologis Trading Up 0.9%

Prologis stock opened at $148.49 on Friday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.51 and a current ratio of 0.51. The firm has a market cap of $138.44 billion, a price-to-earnings ratio of 37.40, a price-to-earnings-growth ratio of 3.24 and a beta of 1.32. Prologis, Inc. has a 1 year low of $103.41 and a 1 year high of $149.70. The firm’s 50 day moving average price is $141.99 and its two-hundred day moving average price is $135.51.

Prologis (NYSE:PLD) last issued its earnings results 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. The company had revenue of $2.30 billion during the quarter, compared to analyst estimates 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% on a year-over-year basis. 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. On average, research analysts predict that Prologis, Inc. will post 6.18 EPS 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 issued 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 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.