Prologis, Inc. $PLD Shares Bought by Vestcor Inc

Vestcor Inc grew its holdings in shares of Prologis, Inc. (NYSE:PLD) by 32.7% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 169,023 shares of the real estate investment trust’s stock after purchasing an additional 41,687 shares during the quarter. Vestcor Inc’s holdings in Prologis were worth $19,357,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. Clayton Financial Group LLC acquired a new position in Prologis in the third quarter valued at $26,000. Silver Oak Securities Incorporated acquired a new stake in Prologis in the 3rd quarter worth about $36,000. Rossby Financial LCC grew its holdings in Prologis by 69.6% in the 3rd quarter. Rossby Financial LCC now owns 329 shares of the real estate investment trust’s stock valued at $38,000 after buying an additional 135 shares during the period. AlphaQuest LLC acquired a new position in shares of Prologis during the 3rd quarter valued at about $39,000. Finally, Clear Investment Research LLC increased its stake in shares of Prologis by 34.5% during the 3rd quarter. Clear Investment Research LLC now owns 343 shares of the real estate investment trust’s stock valued at $39,000 after acquiring an additional 88 shares during the last quarter. Institutional investors and hedge funds own 93.50% of the company’s stock.

Wall Street Analyst Weigh In

PLD has been the topic of several research analyst reports. BNP Paribas Exane raised their target price on shares of Prologis from $129.00 to $140.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 21st. Robert W. Baird reaffirmed a “neutral” rating and set a $130.00 price target (up from $128.00) on shares of Prologis in a research note on Thursday, January 8th. Weiss Ratings reissued a “buy (b-)” rating on shares of Prologis in a research note on Monday, December 29th. Freedom Capital downgraded Prologis from a “strong-buy” rating to a “hold” rating in a report on Friday, January 23rd. Finally, Jefferies Financial Group lifted their target price on Prologis from $146.00 to $157.00 and gave the company a “buy” rating in a report on Friday, February 20th. Fourteen research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $137.20.

Prologis Price Performance

Prologis stock opened at $134.42 on Monday. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.61. The firm has a market capitalization of $124.95 billion, a P/E ratio of 37.86, a PEG ratio of 3.33 and a beta of 1.41. The firm has a fifty day moving average of $133.95 and a 200-day moving average of $125.56. Prologis, Inc. has a 52-week low of $85.35 and a 52-week high of $143.95.

Prologis (NYSE:PLD) last announced its quarterly earnings results on Wednesday, January 21st. The real estate investment trust reported $1.44 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.44. Prologis had a return on equity of 5.79% and a net margin of 37.86%.The firm had revenue of $2.25 billion during the quarter, compared to the consensus estimate of $2.09 billion. During the same period in the prior year, the firm earned $1.42 EPS. The firm’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. As a group, analysts predict that Prologis, Inc. will post 5.73 EPS for the current year.

Prologis Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 17th will be paid a dividend of $1.07 per share. This is an increase from Prologis’s previous quarterly dividend of $1.01. This represents a $4.28 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date is Tuesday, March 17th. Prologis’s payout ratio is 120.56%.

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.