IFM Investors Pty Ltd Purchases 4,361 Shares of Prologis, Inc. $PLD

IFM Investors Pty Ltd increased its position in shares of Prologis, Inc. (NYSE:PLD) by 1.3% during the 4th quarter, Holdings Channel reports. The fund owned 328,900 shares of the real estate investment trust’s stock after buying an additional 4,361 shares during the quarter. IFM Investors Pty Ltd’s holdings in Prologis were worth $41,987,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of PLD. High Note Wealth LLC raised its holdings in shares of Prologis by 43.9% in the fourth quarter. High Note Wealth LLC now owns 249 shares of the real estate investment trust’s stock valued at $32,000 after purchasing an additional 76 shares during the last quarter. Dakota Community Bank & Trust NA raised its holdings in shares of Prologis by 3.4% in the fourth quarter. Dakota Community Bank & Trust NA now owns 2,398 shares of the real estate investment trust’s stock valued at $306,000 after purchasing an additional 79 shares during the last quarter. Dearborn Partners LLC raised its holdings in shares of Prologis by 4.2% in the fourth quarter. Dearborn Partners LLC now owns 1,969 shares of the real estate investment trust’s stock valued at $251,000 after purchasing an additional 79 shares during the last quarter. Peddock Capital Advisors LLC raised its holdings in shares of Prologis by 3.1% in the fourth quarter. Peddock Capital Advisors LLC now owns 2,651 shares of the real estate investment trust’s stock valued at $338,000 after purchasing an additional 80 shares during the last quarter. Finally, Foster Dykema Cabot & Partners LLC raised its holdings in shares of Prologis by 1.0% in the third quarter. Foster Dykema Cabot & Partners LLC now owns 8,232 shares of the real estate investment trust’s stock valued at $943,000 after purchasing an additional 83 shares during the last quarter. Institutional investors own 93.50% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on PLD shares. Bank of America lifted their price objective on shares of Prologis from $153.00 to $162.00 and gave the company a “buy” rating in a report on Monday, April 20th. Citigroup lifted their price objective on shares of Prologis from $145.00 to $165.00 and gave the company a “buy” rating in a report on Tuesday, April 21st. Wall Street Zen upgraded shares of Prologis from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Scotiabank lifted their price objective on shares of Prologis from $146.00 to $154.00 and gave the company an “outperform” rating in a report on Tuesday, April 21st. Finally, Wells Fargo & Company boosted their target price on shares of Prologis from $155.00 to $167.00 and gave the stock an “overweight” rating in a report on Monday, June 1st. Sixteen 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, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $151.86.

Prologis Price Performance

Shares of PLD opened at $147.49 on Friday. The company has a market cap of $137.51 billion, a price-to-earnings ratio of 37.15, a PEG ratio of 3.21 and a beta of 1.32. Prologis, Inc. has a 1-year low of $103.41 and a 1-year high of $148.46. The company’s fifty day simple moving average is $141.69 and its 200 day simple moving average is $135.42. 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 (NYSE:PLD) last released its quarterly earnings data on Thursday, April 16th. The real estate investment trust reported $1.05 EPS for the quarter, beating the consensus estimate of $0.81 by $0.24. Prologis had a net margin of 41.54% and a return on equity of 6.47%. The firm had revenue of $2.30 billion for the quarter, compared to the consensus estimate of $2.12 billion. During the same period in the previous year, the company earned $1.43 earnings per share. The company’s quarterly revenue was up 6.9% on a year-over-year basis. Prologis has set its FY 2026 guidance at 6.070-6.230 EPS. On average, research analysts forecast that Prologis, Inc. will post 6.18 earnings per share for the current fiscal year.

Prologis Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 16th will be issued a $1.07 dividend. This represents a $4.28 annualized dividend and a dividend yield of 2.9%. The ex-dividend date is Tuesday, June 16th. Prologis’s payout ratio is currently 107.81%.

Prologis Company 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.