Prologis, Inc. $PLD Shares Bought by Saudi Central Bank

Saudi Central Bank grew its holdings in shares of Prologis, Inc. (NYSE:PLD) by 90.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 65,256 shares of the real estate investment trust’s stock after buying an additional 30,970 shares during the quarter. Saudi Central Bank’s holdings in Prologis were worth $8,840,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Sandy Cove Advisors LLC raised its holdings in Prologis by 1.9% in the second quarter. Sandy Cove Advisors LLC now owns 3,854 shares of the real estate investment trust’s stock valued at $522,000 after acquiring an additional 73 shares in the last quarter. CoreCap Advisors LLC grew its holdings in Prologis by 5.0% during the 2nd quarter. CoreCap Advisors LLC now owns 1,538 shares of the real estate investment trust’s stock worth $208,000 after acquiring an additional 73 shares in the last quarter. Boltwood Capital Management grew its holdings in Prologis by 1.5% during the 2nd quarter. Boltwood Capital Management now owns 5,170 shares of the real estate investment trust’s stock worth $700,000 after acquiring an additional 75 shares in the last quarter. High Note Wealth LLC increased its position in shares of Prologis by 43.9% in the 4th quarter. High Note Wealth LLC now owns 249 shares of the real estate investment trust’s stock worth $32,000 after purchasing an additional 76 shares during the last quarter. Finally, Hibernia Wealth Partners LLC increased its position in shares of Prologis by 2.5% in the 1st quarter. Hibernia Wealth Partners LLC now owns 3,070 shares of the real estate investment trust’s stock worth $406,000 after purchasing an additional 76 shares during the last quarter. Institutional investors and hedge funds own 93.50% of the company’s stock.

Insider Buying and Selling

In other news, CFO Timothy Arndt sold 3,597 shares of the company’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $150.00, for a total transaction of $539,550.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.52% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on PLD. Raymond James Financial started coverage on shares of Prologis in a research note on Thursday, June 18th. They issued a “market perform” rating on the stock. Barclays boosted their price objective on Prologis from $139.00 to $156.00 and gave the company an “overweight” rating in a report on Thursday, July 16th. BMO Capital Markets cut their price objective on Prologis from $162.00 to $158.00 and set an “outperform” rating on the stock in a research note on Monday, June 29th. Wells Fargo & Company reduced their target price on Prologis from $167.00 to $166.00 and set an “overweight” rating on the stock in a report on Tuesday. Finally, Weiss Ratings downgraded Prologis from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday, August 26th. Sixteen investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, Prologis presently has a consensus rating of “Moderate Buy” and an average target price of $154.52.

Prologis Stock Down 0.7%

Shares of NYSE:PLD opened at $137.42 on Friday. The stock has a market capitalization of $128.22 billion, a price-to-earnings ratio of 30.61 and a beta of 1.30. Prologis, Inc. has a 1-year low of $110.60 and a 1-year high of $153.35. The company’s fifty day moving average is $142.06 and its two-hundred day moving average is $140.58. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.70 and a current ratio of 0.70.

Prologis (NYSE:PLD) last posted its quarterly earnings results on Thursday, July 16th. The real estate investment trust reported $1.13 EPS for the quarter, beating the consensus estimate of $0.75 by $0.38. Prologis had a net margin of 45.79% and a return on equity of 7.29%. The business had revenue of $2.43 billion during the quarter, compared to analyst estimates of $2.16 billion. During the same period in the previous year, the business posted $1.46 EPS. The company’s quarterly revenue was up 11.0% on a year-over-year basis. Prologis has set its FY 2026 guidance at 6.220-6.300 EPS. Equities analysts anticipate that Prologis, Inc. will post 6.27 EPS for the current year.

Prologis Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 16th will be paid a $1.07 dividend. This represents a $4.28 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date is Wednesday, September 16th. Prologis’s payout ratio is presently 95.32%.

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.