Sumitomo Mitsui DS Asset Management Company Ltd Boosts Holdings in Prologis, Inc. $PLD

Sumitomo Mitsui DS Asset Management Company Ltd grew its position in shares of Prologis, Inc. (NYSE:PLD) by 4.8% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 335,187 shares of the real estate investment trust’s stock after buying an additional 15,335 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Prologis were worth $42,790,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the company. Nvwm LLC grew its holdings in Prologis by 6,069.7% during the fourth quarter. Nvwm LLC now owns 15,486 shares of the real estate investment trust’s stock worth $1,977,000 after acquiring an additional 15,235 shares during the period. Foresight Group Ltd Liability Partnership lifted its holdings in Prologis by 240.1% in the third quarter. Foresight Group Ltd Liability Partnership now owns 44,715 shares of the real estate investment trust’s stock valued at $5,109,000 after acquiring an additional 31,567 shares during the period. National Pension Service boosted its position in shares of Prologis by 2.4% during the 3rd quarter. National Pension Service now owns 2,443,137 shares of the real estate investment trust’s stock worth $279,788,000 after purchasing an additional 56,272 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in shares of Prologis by 3.6% during the 3rd quarter. Envestnet Asset Management Inc. now owns 3,644,875 shares of the real estate investment trust’s stock worth $417,411,000 after purchasing an additional 126,613 shares during the period. Finally, Assetmark Inc. increased its holdings in shares of Prologis by 10.0% in the 3rd quarter. Assetmark Inc. now owns 79,350 shares of the real estate investment trust’s stock valued at $9,087,000 after purchasing an additional 7,217 shares in the last quarter. Institutional investors and hedge funds own 93.50% of the company’s stock.

Prologis Stock Up 1.1%

Shares of NYSE PLD opened at $140.27 on Wednesday. Prologis, Inc. has a 12-month low of $103.02 and a 12-month high of $145.44. The company has a market capitalization of $130.78 billion, a PE ratio of 35.33, a price-to-earnings-growth ratio of 3.06 and a beta of 1.33. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.51 and a quick ratio of 0.51. The firm’s 50-day moving average is $136.75 and its two-hundred day moving average is $131.76.

Prologis (NYSE:PLD) last issued its quarterly earnings data on Thursday, April 16th. The real estate investment trust reported $1.05 earnings per share for the quarter, topping analysts’ consensus estimates of $0.81 by $0.24. Prologis had a net margin of 41.54% and a return on equity of 6.47%. The business had revenue of $2.30 billion during the quarter, compared to analysts’ expectations of $2.12 billion. During the same period last year, the company posted $1.43 EPS. The company’s revenue was up 6.9% on a year-over-year basis. Prologis has set its FY 2026 guidance at 6.070-6.230 EPS. Equities analysts anticipate that Prologis, Inc. will post 6.17 EPS for the current fiscal year.

Prologis Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 16th will be issued a $1.07 dividend. This represents a $4.28 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend is Tuesday, June 16th. Prologis’s payout ratio is 107.81%.

Analyst Ratings Changes

Several brokerages recently commented on PLD. Barclays reiterated an “overweight” rating and issued a $139.00 price objective on shares of Prologis in a research note on Tuesday, January 13th. Weiss Ratings raised shares of Prologis from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday. Evercore set a $135.00 price target on shares of Prologis in a research report on Friday, April 17th. The Goldman Sachs Group reissued a “neutral” rating and set a $157.00 price target on shares of Prologis in a research note on Friday, April 17th. Finally, BTIG Research reaffirmed a “buy” rating and issued a $155.00 price objective on shares of Prologis in a research note on Wednesday, April 15th. Fifteen research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $147.90.

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.