Pensionfund Sabic Makes New Investment in Prologis, Inc. $PLD

Pensionfund Sabic bought a new position in Prologis, Inc. (NYSE:PLD) during the 4th quarter, HoldingsChannel reports. The fund bought 58,458 shares of the real estate investment trust’s stock, valued at approximately $7,463,000. Prologis makes up approximately 2.0% of Pensionfund Sabic’s portfolio, making the stock its 8th largest holding.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. raised its holdings in Prologis by 0.3% in the 3rd quarter. Vanguard Group Inc. now owns 122,064,883 shares of the real estate investment trust’s stock worth $13,978,870,000 after acquiring an additional 323,551 shares during the last quarter. State Street Corp lifted its position in Prologis by 1.9% in the 2nd quarter. State Street Corp now owns 58,640,842 shares of the real estate investment trust’s stock valued at $6,164,325,000 after acquiring an additional 1,088,544 shares in the last quarter. Norges Bank purchased a new stake in Prologis during the 2nd quarter valued at $1,288,936,000. Capital International Investors boosted its stake in Prologis by 15.0% during the 3rd quarter. Capital International Investors now owns 7,247,383 shares of the real estate investment trust’s stock valued at $829,970,000 after purchasing an additional 946,847 shares during the last quarter. Finally, Wellington Management Group LLP increased its holdings in shares of Prologis by 1.2% in the 3rd quarter. Wellington Management Group LLP now owns 6,995,375 shares of the real estate investment trust’s stock worth $801,110,000 after purchasing an additional 85,012 shares in the last quarter. Hedge funds and other institutional investors own 93.50% of the company’s stock.

Prologis Stock Performance

PLD opened at $130.23 on Wednesday. The company’s 50 day moving average is $134.84 and its 200 day moving average is $127.27. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.61. The company has a market cap of $121.41 billion, a price-to-earnings ratio of 36.69, a PEG ratio of 3.07 and a beta of 1.41. Prologis, Inc. has a 12-month low of $85.35 and a 12-month high of $143.95.

Prologis (NYSE:PLD) last announced its earnings results on Wednesday, January 21st. The real estate investment trust reported $1.44 EPS for the quarter, meeting analysts’ consensus estimates of $1.44. Prologis had a net margin of 37.86% and a return on equity of 5.79%. The business had revenue of $2.25 billion during the quarter, compared to analysts’ expectations of $2.09 billion. During the same period in the prior year, the company earned $1.42 earnings per share. The firm’s revenue was up 7.8% on a year-over-year basis. Prologis has set its FY 2026 guidance at 6.000-6.200 EPS. On average, equities research analysts predict that Prologis, Inc. will post 5.73 EPS for the current year.

Prologis Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders 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 dividend yield of 3.3%. The ex-dividend date of this dividend is Tuesday, March 17th. This is a positive change from Prologis’s previous quarterly dividend of $1.01. Prologis’s payout ratio is presently 120.56%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on PLD shares. Robert W. Baird reaffirmed a “neutral” rating and set a $130.00 price target (up from $128.00) on shares of Prologis in a report on Thursday, January 8th. Scotiabank upgraded Prologis from a “sector perform” rating to a “sector outperform” rating and lifted their price objective for the stock from $133.00 to $146.00 in a report on Wednesday, January 14th. Barclays reissued an “overweight” rating and issued a $139.00 target price on shares of Prologis in a research report on Tuesday, January 13th. Citigroup assumed coverage on shares of Prologis in a research note on Thursday, March 5th. They set a “buy” rating and a $145.00 target price on the stock. Finally, Argus raised their price target on shares of Prologis from $128.00 to $135.00 and gave the company a “buy” rating in a report on Thursday, January 22nd. Fourteen equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat.com, Prologis has an average rating of “Moderate Buy” and a consensus price target of $137.20.

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.