Border to Coast Pensions Partnership Ltd Acquires 75,000 Shares of Prologis, Inc. $PLD

Border to Coast Pensions Partnership Ltd lifted its holdings in shares of Prologis, Inc. (NYSE:PLD) by 250.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 105,000 shares of the real estate investment trust’s stock after buying an additional 75,000 shares during the quarter. Border to Coast Pensions Partnership Ltd’s holdings in Prologis were worth $13,921,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of PLD. Nvwm LLC grew its position in shares of Prologis by 6,069.7% in the fourth quarter. Nvwm LLC now owns 15,486 shares of the real estate investment trust’s stock valued at $1,977,000 after purchasing an additional 15,235 shares in the last quarter. CIBC Bancorp USA Inc. purchased a new stake in Prologis during the 3rd quarter worth about $42,158,000. Murphy Middleton Hinkle & Parker Inc. purchased a new stake in Prologis during the 4th quarter worth about $2,581,000. Laffer Tengler Investments Inc. boosted its stake in Prologis by 20.7% in the 3rd quarter. Laffer Tengler Investments Inc. now owns 44,608 shares of the real estate investment trust’s stock worth $5,109,000 after purchasing an additional 7,658 shares during the period. Finally, Avanza Fonder AB boosted its stake in Prologis by 8.4% in the 4th quarter. Avanza Fonder AB now owns 70,789 shares of the real estate investment trust’s stock worth $9,037,000 after purchasing an additional 5,508 shares during the period. 93.50% of the stock is owned by institutional investors.

Prologis Price Performance

PLD opened at $140.11 on Friday. The stock has a market capitalization of $130.63 billion, a P/E ratio of 35.29, a PEG ratio of 3.04 and a beta of 1.32. The stock has a 50-day moving average price of $143.31 and a 200-day moving average price of $136.52. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.60. Prologis, Inc. has a 12-month low of $103.41 and a 12-month high of $150.18.

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

Prologis Announces Dividend

The business also recently disclosed 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. The ex-dividend date is Tuesday, June 16th. This represents a $4.28 annualized dividend and a dividend yield of 3.1%. Prologis’s payout ratio is currently 107.81%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on PLD. BMO Capital Markets upgraded Prologis from a “market perform” rating to an “outperform” rating and upped their price target for the company from $137.00 to $162.00 in a research report on Thursday, May 7th. Citigroup raised their price objective on shares of Prologis from $145.00 to $165.00 and gave the company a “buy” rating in a research report on Tuesday, April 21st. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $157.00 price objective on shares of Prologis in a research note on Friday, April 17th. Scotiabank lowered shares of Prologis from a “sector outperform” rating to a “sector perform” rating and decreased their target price for the stock from $154.00 to $146.00 in a report on Thursday, June 18th. Finally, Bank of America increased their target price on shares of Prologis from $153.00 to $162.00 and gave the stock a “buy” rating in a research note on Monday, April 20th. Fifteen investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $151.48.

Insider Activity at Prologis

In other news, CFO Timothy D. Arndt sold 3,597 shares of the business’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $150.00, for a total value of $539,550.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.52% of the company’s stock.

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.