Healthcare of Ontario Pension Plan Trust Fund Grows Position in Prologis, Inc. $PLD

Healthcare of Ontario Pension Plan Trust Fund grew its holdings in shares of Prologis, Inc. (NYSE:PLD) by 74.9% in the first quarter, HoldingsChannel.com reports. The fund owned 1,602,919 shares of the real estate investment trust’s stock after purchasing an additional 686,666 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Prologis were worth $211,874,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of PLD. Brighton Jones LLC raised its stake in Prologis by 629.0% in the fourth quarter. Brighton Jones LLC now owns 17,475 shares of the real estate investment trust’s stock valued at $1,847,000 after purchasing an additional 15,078 shares in the last quarter. Schnieders Capital Management LLC. grew its stake in Prologis by 45.4% in the 2nd quarter. Schnieders Capital Management LLC. now owns 10,728 shares of the real estate investment trust’s stock worth $1,128,000 after buying an additional 3,350 shares in the last quarter. Walleye Capital LLC purchased a new position in Prologis in the 2nd quarter worth approximately $422,000. NewEdge Advisors LLC increased its holdings in shares of Prologis by 6.8% in the 2nd quarter. NewEdge Advisors LLC now owns 63,829 shares of the real estate investment trust’s stock worth $6,710,000 after buying an additional 4,074 shares during the last quarter. Finally, Treasurer of the State of North Carolina increased its holdings in shares of Prologis by 2.4% in the 2nd quarter. Treasurer of the State of North Carolina now owns 433,312 shares of the real estate investment trust’s stock worth $45,550,000 after buying an additional 10,266 shares during the last quarter. Hedge funds and other institutional investors own 93.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on PLD shares. Mizuho upped their target price 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. DA Davidson raised their price target on Prologis from $140.00 to $160.00 and gave the company a “buy” rating in a research report on Tuesday, April 21st. Raymond James Financial started coverage on Prologis in a research note on Thursday, June 18th. They set a “market perform” rating for the company. Robert W. Baird upped their price objective on Prologis from $133.00 to $136.00 and gave the stock a “neutral” rating in a report on Friday, April 17th. Finally, Royal Bank Of Canada increased their price objective on Prologis from $135.00 to $148.00 and gave the company a “sector perform” rating in a research report on Tuesday, April 28th. Fifteen analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $153.81.

Insider Transactions at Prologis

In other news, CFO Timothy D. Arndt sold 3,597 shares of the firm’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $150.00, for a total transaction of $539,550.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.52% of the stock is currently owned by insiders.

Key Headlines Impacting Prologis

Here are the key news stories impacting Prologis this week:

• Positive Sentiment: Segro’s board said it would recommend Prologis’s final $18.7 billion takeover bid, a sign the deal is gaining traction and could expand Prologis’s portfolio and long-term growth prospects. Article Title
• Positive Sentiment: Scotiabank raised its price target on Prologis to $150 from $146, while Truist boosted its target to $162, reflecting improved analyst confidence in the stock’s valuation. Article Title
• Positive Sentiment: Recent commentary highlighted Prologis as potentially undervalued after its earnings beat and raised guidance, reinforcing optimism around earnings momentum and fundamentals. Article Title
• Neutral Sentiment: Additional articles noted renewed investor attention on logistics and data-center themes, but these were more thematic than company-specific and did not include new financial results or formal guidance changes. Article Title

Prologis Trading Up 1.6%

Shares of PLD opened at $147.43 on Friday. Prologis, Inc. has a fifty-two week low of $103.41 and a fifty-two week high of $153.35. The firm has a market cap of $137.45 billion, a price-to-earnings ratio of 32.84 and a beta of 1.32. The firm has a 50 day moving average price of $143.56 and a 200-day moving average price of $138.55. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.51 and a current ratio of 0.27.

Prologis (NYSE:PLD) last released its earnings results on Thursday, July 16th. The real estate investment trust reported $1.13 EPS for the quarter, beating the consensus estimate of $0.75 by $0.38. Prologis had a net margin of 45.79% and a return on equity of 7.29%. The company had revenue of $2.43 billion for the quarter, compared to analyst estimates of $2.16 billion. During the same quarter last year, the firm earned $1.46 EPS. The firm’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, equities research analysts forecast that Prologis, Inc. will post 6.28 earnings per share for the current year.

Prologis Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 16th were given a dividend of $1.07 per share. This represents a $4.28 annualized dividend and a yield of 2.9%. The ex-dividend date was Tuesday, June 16th. Prologis’s dividend payout ratio is presently 95.32%.

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.