Prologis, Inc. $PLD Stake Increased by USS Investment Management Ltd

USS Investment Management Ltd lifted its holdings in Prologis, Inc. (NYSE:PLD) by 5.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 171,221 shares of the real estate investment trust’s stock after buying an additional 8,351 shares during the period. USS Investment Management Ltd’s holdings in Prologis were worth $22,637,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Ares Financial Consulting LLC acquired a new stake in Prologis during the 4th quarter worth about $26,000. High Point Wealth Management LLC acquired a new position in shares of Prologis in the 4th quarter valued at about $26,000. Eagle Bay Advisors LLC acquired a new position in shares of Prologis in the 4th quarter valued at about $27,000. SouthState Bank Corp lifted its position in shares of Prologis by 73.1% in the fourth quarter. SouthState Bank Corp now owns 225 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 95 shares in the last quarter. Finally, Hilton Head Capital Partners LLC purchased a new stake in shares of Prologis in the fourth quarter worth approximately $29,000. Hedge funds and other institutional investors own 93.50% of the company’s stock.

Insider Transactions at Prologis

In other Prologis news, CFO Timothy D. Arndt sold 3,597 shares of the firm’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 value of $539,550.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.52% of the stock is owned by company insiders.

Prologis Stock Performance

Shares of PLD opened at $135.50 on Wednesday. The company has a market capitalization of $126.33 billion, a PE ratio of 34.13, a price-to-earnings-growth ratio of 3.02 and a beta of 1.32. 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 one year low of $103.41 and a one year high of $150.18. The company’s fifty day moving average price is $143.05 and its 200 day moving average price is $136.71.

Prologis (NYSE:PLD) last released its quarterly 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 analysts’ expectations of $2.12 billion. Prologis had a net margin of 41.54% and a return on equity of 6.47%. The business’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same period in the prior year, the company earned $1.43 earnings per share. Prologis has set its FY 2026 guidance at 6.070-6.230 EPS. As a group, analysts expect that Prologis, Inc. will post 6.17 earnings per share for the current year.

Prologis Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 16th were paid a dividend of $1.07 per share. The ex-dividend date was Tuesday, June 16th. This represents a $4.28 annualized dividend and a yield of 3.2%. Prologis’s dividend payout ratio is presently 107.81%.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. BNP Paribas Exane raised their price target on shares of Prologis from $140.00 to $150.00 and gave the stock an “outperform” rating in a report on Friday, April 17th. Citigroup upped their price objective on shares of Prologis from $145.00 to $165.00 and gave the company a “buy” rating in a research note on Tuesday, April 21st. Wall Street Zen downgraded shares of Prologis from a “hold” rating to a “sell” rating in a research report on Saturday. Scotiabank lowered shares of Prologis from a “sector outperform” rating to a “sector perform” rating and decreased their target price for the company from $154.00 to $146.00 in a research note on Thursday, June 18th. Finally, Jefferies Financial Group lowered their price target on shares of Prologis from $157.00 to $155.00 and set a “buy” rating on the stock in a report on Tuesday, April 14th. Fifteen equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $151.29.

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.