Prologis, Inc. $PLD Holdings Decreased by New York State Common Retirement Fund

New York State Common Retirement Fund cut its position in shares of Prologis, Inc. (NYSE:PLD) by 6.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,123,314 shares of the real estate investment trust’s stock after selling 77,712 shares during the quarter. New York State Common Retirement Fund’s holdings in Prologis were worth $128,642,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. D.A. Davidson & CO. raised its stake in shares of Prologis by 16.7% during the third quarter. D.A. Davidson & CO. now owns 587,157 shares of the real estate investment trust’s stock valued at $67,241,000 after purchasing an additional 83,966 shares in the last quarter. Generali Asset Management SPA SGR increased its stake in Prologis by 33.4% during the 3rd quarter. Generali Asset Management SPA SGR now owns 100,314 shares of the real estate investment trust’s stock valued at $11,488,000 after buying an additional 25,133 shares during the period. Verity & Verity LLC raised its position in shares of Prologis by 42.8% during the 3rd quarter. Verity & Verity LLC now owns 165,438 shares of the real estate investment trust’s stock worth $18,946,000 after buying an additional 49,604 shares in the last quarter. B. Riley Wealth Advisors Inc. bought a new stake in shares of Prologis during the 2nd quarter worth about $875,000. Finally, First Citizens Bank & Trust Co. lifted its stake in shares of Prologis by 313.0% in the 3rd quarter. First Citizens Bank & Trust Co. now owns 97,896 shares of the real estate investment trust’s stock worth $11,211,000 after acquiring an additional 74,190 shares during the period. Institutional investors own 93.50% of the company’s stock.

Analysts Set New Price Targets

PLD has been the topic of a number of research analyst reports. Wells Fargo & Company raised their price objective on shares of Prologis from $120.00 to $139.00 and gave the company an “overweight” rating in a research note on Monday, October 27th. Mizuho lifted their price target on Prologis from $138.00 to $143.00 and gave the company an “outperform” rating in a research report on Monday. Barclays restated an “overweight” rating and issued a $139.00 price objective on shares of Prologis in a report on Tuesday, January 13th. Argus boosted their price target on shares of Prologis from $128.00 to $135.00 and gave the stock a “buy” rating in a research report on Thursday, January 22nd. Finally, Freedom Capital lowered shares of Prologis from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 23rd. Thirteen research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat, Prologis has an average rating of “Moderate Buy” and a consensus price target of $134.22.

Insider Activity

In related news, Director Cristina Gabriela Bita sold 621 shares of the company’s stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $127.60, for a total value of $79,239.60. Following the completion of the sale, the director owned 8,208 shares in the company, valued at approximately $1,047,340.80. This represents a 7.03% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.57% of the stock is owned by corporate insiders.

Prologis Stock Down 1.2%

Shares of Prologis stock opened at $127.19 on Thursday. The stock’s fifty day moving average is $128.63 and its 200-day moving average is $119.67. The firm has a market capitalization of $118.14 billion, a PE ratio of 37.08, a price-to-earnings-growth ratio of 3.14 and a beta of 1.40. The company has a quick ratio of 0.64, a current ratio of 0.19 and a debt-to-equity ratio of 0.61. Prologis, Inc. has a 12-month low of $85.35 and a 12-month high of $134.94.

Prologis (NYSE:PLD) last released its quarterly earnings results on Wednesday, January 21st. The real estate investment trust reported $1.44 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.44. The business had revenue of $2.25 billion during the quarter, compared to analyst estimates of $2.09 billion. Prologis had a return on equity of 6.64% and a net margin of 37.86%.Prologis’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same quarter last year, the company posted $1.42 EPS. Prologis has set its FY 2026 guidance at 6.000-6.200 EPS. Equities analysts anticipate that Prologis, Inc. will post 5.73 earnings per share for the current year.

Prologis Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 16th were given a $1.01 dividend. This represents a $4.04 annualized dividend and a dividend yield of 3.2%. The ex-dividend date of this dividend was Tuesday, December 16th. Prologis’s dividend payout ratio (DPR) is 117.78%.

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.