Varma Mutual Pension Insurance Co Purchases 14,200 Shares of Prologis, Inc. $PLD

Varma Mutual Pension Insurance Co lifted its position in Prologis, Inc. (NYSE:PLD) by 8.6% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 178,646 shares of the real estate investment trust’s stock after buying an additional 14,200 shares during the period. Varma Mutual Pension Insurance Co’s holdings in Prologis were worth $20,459,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Clayton Financial Group LLC purchased a new position in Prologis in the third quarter worth $26,000. Silver Oak Securities Incorporated acquired a new stake in shares of Prologis in the 3rd quarter worth $36,000. AlphaQuest LLC purchased a new position in Prologis during the 3rd quarter worth $39,000. Twin Peaks Wealth Advisors LLC acquired a new position in Prologis during the 2nd quarter valued at about $44,000. Finally, SJS Investment Consulting Inc. acquired a new position in Prologis during the 3rd quarter valued at about $44,000. Hedge funds and other institutional investors own 93.50% of the company’s stock.

Insider Buying and Selling at Prologis

In other news, Director Cristina Gabriela Bita sold 621 shares of the business’s stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $127.60, for a total value of $79,239.60. Following the completion of the transaction, the director owned 8,208 shares of the company’s stock, valued at $1,047,340.80. The trade was a 7.03% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.57% of the company’s stock.

Analyst Ratings Changes

Several brokerages have weighed in on PLD. Argus raised their price target on Prologis from $128.00 to $135.00 and gave the stock a “buy” rating in a report on Thursday, January 22nd. UBS Group lifted their target price on shares of Prologis from $144.00 to $148.00 and gave the stock a “buy” rating in a research note on Thursday, January 22nd. Morgan Stanley set a $135.00 target price on shares of Prologis in a research report on Friday, January 16th. Wells Fargo & Company raised their price target on shares of Prologis from $120.00 to $139.00 and gave the stock an “overweight” rating in a report on Monday, October 27th. Finally, Truist Financial lowered their price objective on shares of Prologis from $142.00 to $139.00 and set a “buy” rating for the company in a research note on Monday, January 26th. Thirteen investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $135.32.

Prologis Stock Performance

PLD opened at $139.94 on Thursday. The company has a current ratio of 0.19, a quick ratio of 0.64 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 $141.85. The firm has a 50 day moving average of $130.09 and a two-hundred day moving average of $121.49. The firm has a market capitalization of $129.98 billion, a PE ratio of 39.42, a P/E/G ratio of 3.48 and a beta of 1.42.

Prologis (NYSE:PLD) last released its quarterly earnings data on Wednesday, January 21st. The real estate investment trust reported $1.44 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.44. Prologis had a net margin of 37.86% and a return on equity of 5.78%. The firm had revenue of $2.25 billion for the quarter, compared to analyst estimates of $2.09 billion. During the same quarter in the prior year, the business earned $1.42 earnings per share. The business’s quarterly revenue was up 7.8% compared to the same quarter last year. Prologis has set its FY 2026 guidance at 6.000-6.200 EPS. On average, analysts anticipate that Prologis, Inc. will post 5.73 EPS for the current year.

Prologis Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 16th were paid a dividend of $1.01 per share. The ex-dividend date was Tuesday, December 16th. This represents a $4.04 dividend on an annualized basis and a dividend yield of 2.9%. Prologis’s dividend payout ratio (DPR) is presently 113.80%.

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.