Prologis, Inc. $PLD Shares Acquired by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D increased its holdings in shares of Prologis, Inc. (NYSE:PLD) by 1.9% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 754,060 shares of the real estate investment trust’s stock after acquiring an additional 14,318 shares during the period. State of New Jersey Common Pension Fund D owned approximately 0.08% of Prologis worth $86,355,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. PNC Financial Services Group Inc. raised its stake in shares of Prologis by 38.4% during the 3rd quarter. PNC Financial Services Group Inc. now owns 734,842 shares of the real estate investment trust’s stock worth $84,154,000 after buying an additional 204,039 shares during the period. Aberdeen Group plc increased its holdings in Prologis by 5.3% in the 3rd quarter. Aberdeen Group plc now owns 1,856,123 shares of the real estate investment trust’s stock worth $210,651,000 after acquiring an additional 93,035 shares in the last quarter. Cidel Asset Management Inc. raised its position in Prologis by 13.8% during the third quarter. Cidel Asset Management Inc. now owns 2,326 shares of the real estate investment trust’s stock worth $266,000 after acquiring an additional 282 shares during the period. BTC Capital Management Inc. raised its position in Prologis by 9.1% during the third quarter. BTC Capital Management Inc. now owns 71,609 shares of the real estate investment trust’s stock worth $8,202,000 after acquiring an additional 5,985 shares during the period. Finally, Balboa Wealth Partners purchased a new position in Prologis during the third quarter valued at $260,000. Institutional investors and hedge funds own 93.50% of the company’s stock.

Prologis Stock Performance

NYSE PLD opened at $138.93 on Friday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.64 and a current ratio of 0.19. The stock’s fifty day moving average is $130.47 and its two-hundred day moving average is $121.90. The firm has a market capitalization of $129.05 billion, a P/E ratio of 39.13, a price-to-earnings-growth ratio of 3.44 and a beta of 1.42. Prologis, Inc. has a fifty-two week low of $85.35 and a fifty-two week high of $141.95.

Prologis (NYSE:PLD) last posted its quarterly earnings results on Wednesday, January 21st. The real estate investment trust reported $1.44 EPS for the quarter, hitting the consensus estimate of $1.44. Prologis had a return on equity of 5.78% and a net margin of 37.86%.The business had revenue of $2.25 billion for the quarter, compared to analyst estimates of $2.09 billion. During the same quarter in the previous year, the firm earned $1.42 EPS. The company’s quarterly revenue was up 7.8% compared to the same quarter last year. Prologis has set its FY 2026 guidance at 6.000-6.200 EPS. On average, research analysts anticipate that Prologis, Inc. will post 5.73 earnings per share for the current year.

Prologis Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 17th will be issued a dividend of $1.07 per share. The ex-dividend date is Tuesday, March 17th. This represents a $4.28 dividend on an annualized basis and a dividend yield of 3.1%. This is an increase from Prologis’s previous quarterly dividend of $1.01. Prologis’s payout ratio is 120.56%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on PLD. Weiss Ratings reissued a “buy (b-)” rating on shares of Prologis in a research note on Monday, December 29th. Wall Street Zen lowered Prologis from a “hold” rating to a “sell” rating in a research note on Saturday, February 7th. Wells Fargo & Company increased their target price on Prologis from $120.00 to $139.00 and gave the company an “overweight” rating in a report on Monday, October 27th. The Goldman Sachs Group boosted their price target on Prologis from $137.00 to $148.00 and gave the stock a “neutral” rating in a research report on Monday, February 9th. Finally, Royal Bank Of Canada lifted their target price on shares of Prologis from $132.00 to $135.00 and gave the stock a “sector perform” rating in a research note on Monday, February 2nd. Thirteen analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $135.89.

Insider Activity at Prologis

In related news, Director Cristina Gabriela Bita sold 621 shares of the stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $127.60, for a total value of $79,239.60. Following the completion of the transaction, the director directly owned 8,208 shares in the company, valued at approximately $1,047,340.80. This represents a 7.03% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.57% 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.