Commonwealth of Pennsylvania Public School Empls Retrmt SYS Has $84.37 Million Position in Prologis, Inc. $PLD

Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in shares of Prologis, Inc. (NYSE:PLD) by 22.9% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 638,325 shares of the real estate investment trust’s stock after purchasing an additional 118,876 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Prologis were worth $84,374,000 as of its most recent SEC filing.

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

Insider Activity

In other news, CFO Timothy D. Arndt sold 3,597 shares of the firm’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $150.00, for a total transaction of $539,550.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.52% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on PLD. Mizuho upped their price objective on Prologis from $143.00 to $150.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 22nd. BTIG Research raised their target price on shares of Prologis from $160.00 to $170.00 and gave the company a “buy” rating in a research note on Wednesday, July 1st. Truist Financial boosted their target price on shares of Prologis from $139.00 to $154.00 and gave the stock a “buy” rating in a report on Friday, April 24th. BNP Paribas Exane upped their price target on shares of Prologis from $140.00 to $150.00 and gave the stock an “outperform” rating in a research report on Friday, April 17th. Finally, Raymond James Financial began coverage on shares of Prologis in a research note on Thursday, June 18th. They issued a “market perform” rating for the company. Fifteen analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $152.00.

Prologis News Summary

Here are the key news stories impacting Prologis this week:

• Positive Sentiment: Prologis is pressing SEGRO’s board to enter talks on its merger proposal, signaling a potentially transformative strategic move that could expand its platform if a deal advances. Prologis Pushes for Talks on $16.9 Billion Segro Bid
• Positive Sentiment: Analyst commentary around the SEGRO bid suggests the transaction’s potential upside is still attracting market attention, even as some of that upside may already be reflected in valuation. Analyst Downgrades Segro to Hold as Prologis Bid Upside Appears Priced In, Highlighting Execution and Valuation Risks
• Positive Sentiment: Coverage focusing on logistics demand and Prologis as a growth stock may be supporting sentiment by highlighting its role in a still-relevant industrial real estate theme. Prologis (NYSE:PLD): Can Logistics Demand Drive the Next Move?
• Neutral Sentiment: Several recent articles were generic watchlist and earnings-preview pieces, which add visibility but do not materially change the investment case on their own. Top Growth Stocks To Watch Today – July 9th
• Neutral Sentiment: Investors are also watching Prologis ahead of earnings, but this appears to be a standard catalyst rather than a new development. Prologis (PLD) Expected to Post Earnings on Thursday
• Negative Sentiment: Some commentary highlights execution and valuation risks around the SEGRO deal, which could weigh on sentiment if investors worry the acquisition will be expensive or difficult to complete. Analyst Downgrades Segro to Hold as Prologis Bid Upside Appears Priced In, Highlighting Execution and Valuation Risks

Prologis Stock Performance

Shares of PLD stock traded down $0.45 during trading on Friday, reaching $140.91. 2,403,213 shares of the company’s stock were exchanged, compared to its average volume of 3,687,774. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 0.60. The stock has a market capitalization of $131.38 billion, a PE ratio of 35.49 and a beta of 1.32. Prologis, Inc. has a twelve month low of $103.41 and a twelve month high of $150.18. The firm’s fifty day moving average price is $142.82 and its 200-day moving average price is $137.30.

Prologis (NYSE:PLD) last announced its quarterly earnings results on Thursday, April 16th. The real estate investment trust reported $1.05 earnings per share (EPS) for the quarter, beating 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 quarter last year, the firm posted $1.43 EPS. The company’s quarterly revenue was up 6.9% on a year-over-year basis. Prologis has set its FY 2026 guidance at 6.070-6.230 EPS. As a group, sell-side analysts anticipate that Prologis, Inc. will post 6.17 EPS for the current year.

Prologis Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 16th were given a $1.07 dividend. The ex-dividend date of this dividend was Tuesday, June 16th. This represents a $4.28 annualized dividend and a dividend yield of 3.0%. Prologis’s dividend payout ratio is presently 107.81%.

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.