Mitsubishi UFJ Asset Management Co. Ltd. Purchases 121,663 Shares of Prologis, Inc. $PLD

Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in shares of Prologis, Inc. (NYSE:PLD) by 5.0% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,550,070 shares of the real estate investment trust’s stock after buying an additional 121,663 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 0.27% of Prologis worth $292,034,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of PLD. Brighton Jones LLC boosted its stake in shares of Prologis by 629.0% in the fourth quarter. Brighton Jones LLC now owns 17,475 shares of the real estate investment trust’s stock worth $1,847,000 after acquiring an additional 15,078 shares during the period. Schnieders Capital Management LLC. raised its stake in Prologis by 45.4% during the 2nd quarter. Schnieders Capital Management LLC. now owns 10,728 shares of the real estate investment trust’s stock valued at $1,128,000 after purchasing an additional 3,350 shares during the period. Oppenheimer Asset Management Inc. lifted its holdings in Prologis by 11.5% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 39,635 shares of the real estate investment trust’s stock worth $4,166,000 after purchasing an additional 4,103 shares in the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its stake in Prologis by 20.5% in the 2nd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 166,136 shares of the real estate investment trust’s stock worth $17,464,000 after purchasing an additional 28,300 shares during the period. Finally, Howard Capital Management Inc. boosted its stake in Prologis by 13.6% in the 2nd quarter. Howard Capital Management Inc. now owns 6,213 shares of the real estate investment trust’s stock worth $653,000 after purchasing an additional 742 shares during the period. Hedge funds and other institutional investors own 93.50% of the company’s stock.

Insider Activity

In other news, Director Cristina Gabriela Bita sold 621 shares of the firm’s stock in a transaction that occurred on 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 sale, the director directly owned 8,208 shares of the company’s stock, valued at $1,047,340.80. This trade represents a 7.03% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.57% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research firms have recently issued reports on PLD. Truist Financial reduced their price objective on shares of Prologis from $142.00 to $139.00 and set a “buy” rating on the stock in a research report on Monday, January 26th. Evercore raised their target price on shares of Prologis from $118.00 to $121.00 and gave the company an “in-line” rating in a research note on Thursday, January 22nd. Royal Bank Of Canada lifted their price target on shares of Prologis from $132.00 to $135.00 and gave the company a “sector perform” rating in a report on Monday, February 2nd. BNP Paribas Exane boosted their price target on shares of Prologis from $129.00 to $140.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 21st. Finally, Morgan Stanley set a $135.00 price objective on shares of Prologis in a report on Friday, January 16th. Fourteen equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $136.95.

Prologis Price Performance

PLD stock opened at $140.13 on Thursday. Prologis, Inc. has a 52 week low of $85.35 and a 52 week high of $142.40. The firm has a market capitalization of $130.26 billion, a P/E ratio of 39.47, a price-to-earnings-growth ratio of 3.47 and a beta of 1.42. The company has a fifty day simple moving average of $132.29 and a two-hundred day simple moving average of $123.80. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.61.

Prologis (NYSE:PLD) last posted its earnings results 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. The firm had revenue of $2.25 billion for the quarter, compared to the consensus estimate of $2.09 billion. Prologis had a net margin of 37.86% and a return on equity of 5.79%. The business’s quarterly revenue was up 7.8% on a year-over-year basis. During the same period in the previous year, the firm posted $1.42 EPS. Prologis has set its FY 2026 guidance at 6.000-6.200 EPS. Analysts anticipate that Prologis, Inc. will post 5.73 earnings per share for the current fiscal year.

Prologis Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 17th will be given a dividend of $1.07 per share. This represents a $4.28 dividend on an annualized basis and a yield of 3.1%. This is a boost from Prologis’s previous quarterly dividend of $1.01. The ex-dividend date is Tuesday, March 17th. Prologis’s dividend payout ratio (DPR) is currently 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.