Commonwealth of Pennsylvania Public School Empls Retrmt SYS Reduces Holdings in Prologis, Inc. $PLD

Commonwealth of Pennsylvania Public School Empls Retrmt SYS cut its stake in shares of Prologis, Inc. (NYSE:PLD) by 1.5% in the 4th quarter, HoldingsChannel reports. The fund owned 519,449 shares of the real estate investment trust’s stock after selling 7,734 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Prologis were worth $66,313,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Ares Financial Consulting LLC purchased a new stake in Prologis during the 4th quarter valued at about $26,000. High Point Wealth Management LLC purchased a new stake in Prologis during the 4th quarter valued at about $26,000. Eagle Bay Advisors LLC purchased a new stake in Prologis during the 4th quarter valued at about $27,000. High Note Wealth LLC boosted its holdings in Prologis by 43.9% during the 4th quarter. High Note Wealth LLC now owns 249 shares of the real estate investment trust’s stock valued at $32,000 after acquiring an additional 76 shares during the period. Finally, True Wealth Design LLC boosted its holdings in Prologis by 87.1% during the 4th quarter. True Wealth Design LLC now owns 262 shares of the real estate investment trust’s stock valued at $33,000 after acquiring an additional 122 shares during the period. 93.50% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Wall Street Zen upgraded Prologis from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Evercore set a $135.00 target price on Prologis in a report on Friday, April 17th. Truist Financial increased their target price on Prologis from $139.00 to $154.00 and gave the company a “buy” rating in a report on Friday, April 24th. BMO Capital Markets upgraded Prologis from a “market perform” rating to an “outperform” rating and increased their target price for the company from $137.00 to $162.00 in a report on Thursday, May 7th. Finally, BTIG Research restated a “buy” rating and set a $155.00 target price on shares of Prologis in a report on Wednesday, April 15th. Sixteen equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $150.52.

Prologis Stock Down 1.3%

Shares of NYSE:PLD opened at $143.80 on Friday. Prologis, Inc. has a 52-week low of $103.41 and a 52-week high of $147.93. The firm has a market capitalization of $134.07 billion, a P/E ratio of 36.22, a P/E/G ratio of 3.16 and a beta of 1.33. The stock has a 50 day moving average price of $139.20 and a 200-day moving average price of $134.11. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.51 and a current ratio of 0.51.

Prologis (NYSE:PLD) last announced its earnings results on Thursday, April 16th. The real estate investment trust reported $1.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.24. Prologis had a return on equity of 6.47% and a net margin of 41.54%.The firm had revenue of $2.30 billion during the quarter, compared to analyst estimates of $2.12 billion. During the same quarter in the prior year, the company earned $1.43 EPS. The business’s revenue was up 6.9% compared to the same quarter last year. Prologis has set its FY 2026 guidance at 6.070-6.230 EPS. As a group, equities research analysts anticipate that Prologis, Inc. will post 6.18 EPS for the current fiscal year.

Prologis Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 16th will be given a $1.07 dividend. The ex-dividend date of this dividend is Tuesday, June 16th. This represents a $4.28 annualized dividend and a dividend yield of 3.0%. Prologis’s dividend payout ratio is currently 107.81%.

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.