Prologis, Inc. $PLD Shares Acquired by Saudi Central Bank

Saudi Central Bank boosted its position in Prologis, Inc. (NYSE:PLD) by 90.3% during the 2nd quarter, HoldingsChannel reports. The firm owned 65,256 shares of the real estate investment trust’s stock after buying an additional 30,970 shares during the quarter. Saudi Central Bank’s holdings in Prologis were worth $8,840,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently bought and sold shares of PLD. Angeles Wealth Management LLC increased its stake in shares of Prologis by 10.9% in the second quarter. Angeles Wealth Management LLC now owns 3,426 shares of the real estate investment trust’s stock valued at $464,000 after purchasing an additional 336 shares during the period. Compass Financial Management LLC acquired a new position in shares of Prologis during the second quarter worth approximately $100,000. NBH Bank acquired a new position in shares of Prologis during the second quarter worth approximately $327,000. AlphaGrep UK Ltd bought a new position in Prologis in the 2nd quarter worth approximately $1,019,000. Finally, Markowski Investments bought a new position in Prologis in the 2nd quarter worth approximately $159,000. 93.50% of the stock is currently owned by institutional investors.

Prologis Price Performance

Shares of NYSE:PLD opened at $137.42 on Friday. The firm has a market cap of $128.22 billion, a price-to-earnings ratio of 30.61 and a beta of 1.30. Prologis, Inc. has a 1 year low of $110.60 and a 1 year high of $153.35. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.63. The business has a fifty day simple moving average of $142.06 and a 200 day simple moving average of $140.58.

Prologis (NYSE:PLD) last issued its earnings results on Thursday, July 16th. The real estate investment trust reported $1.13 EPS for the quarter, beating analysts’ consensus estimates of $0.75 by $0.38. Prologis had a return on equity of 7.29% and a net margin of 45.79%.The firm had revenue of $2.43 billion for the quarter, compared to the consensus estimate of $2.16 billion. During the same quarter in the previous year, the company posted $1.46 earnings per share. The business’s quarterly revenue was up 11.0% compared to the same quarter last year. Prologis has set its FY 2026 guidance at 6.220-6.300 EPS. As a group, sell-side analysts predict that Prologis, Inc. will post 6.27 earnings per share for the current fiscal year.

Prologis Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Wednesday, September 16th will be paid a $1.07 dividend. The ex-dividend date of this dividend is Wednesday, September 16th. This represents a $4.28 annualized dividend and a dividend yield of 3.1%. Prologis’s payout ratio is presently 95.32%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on PLD shares. BMO Capital Markets lowered their price target on Prologis from $162.00 to $158.00 and set an “outperform” rating on the stock in a report on Monday, June 29th. Mizuho lifted their price target on shares of Prologis from $150.00 to $159.00 and gave the stock an “outperform” rating in a research report on Friday, July 17th. Wells Fargo & Company cut their price objective on Prologis from $167.00 to $166.00 and set an “overweight” rating on the stock in a report on Tuesday. Weiss Ratings downgraded shares of Prologis from a “buy (b)” rating to a “buy (b-)” rating in a research note on Wednesday, August 26th. Finally, Robert W. Baird set a $140.00 target price on Prologis in a report on Friday, July 31st. Sixteen equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Prologis has a consensus rating of “Moderate Buy” and an average price target of $154.52.

Insider Activity at Prologis

In related news, CFO Timothy Arndt sold 3,597 shares of the stock in a transaction that occurred on 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 filing with the SEC, which is available at this link. Insiders own 0.52% of the company’s stock.

Prologis Profile

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.