Public Sector Pension Investment Board Increases Stock Position in Prologis, Inc. $PLD

Public Sector Pension Investment Board increased its holdings in Prologis, Inc. (NYSE:PLD) by 32.1% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 252,188 shares of the real estate investment trust’s stock after purchasing an additional 61,230 shares during the period. Public Sector Pension Investment Board’s holdings in Prologis were worth $28,881,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of PLD. Norges Bank bought a new position in shares of Prologis in the second quarter worth $1,288,936,000. Franklin Resources Inc. lifted its holdings in Prologis by 216.0% during the 2nd quarter. Franklin Resources Inc. now owns 10,050,843 shares of the real estate investment trust’s stock worth $1,056,545,000 after purchasing an additional 6,870,479 shares in the last quarter. State Street Corp boosted its stake in Prologis by 1.9% in the 2nd quarter. State Street Corp now owns 58,640,842 shares of the real estate investment trust’s stock worth $6,164,325,000 after purchasing an additional 1,088,544 shares during the period. Federated Hermes Inc. grew its holdings in Prologis by 30.3% during the 3rd quarter. Federated Hermes Inc. now owns 4,256,236 shares of the real estate investment trust’s stock valued at $487,424,000 after buying an additional 988,986 shares in the last quarter. Finally, Balyasny Asset Management L.P. increased its position in shares of Prologis by 11,585.8% during the second quarter. Balyasny Asset Management L.P. now owns 882,398 shares of the real estate investment trust’s stock valued at $92,758,000 after buying an additional 874,847 shares during the period. Institutional investors own 93.50% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently commented on PLD. BNP Paribas Exane boosted their price objective on shares of Prologis from $129.00 to $140.00 and gave the company an “outperform” rating in a research note on Wednesday, January 21st. BMO Capital Markets restated a “market perform” rating and set a $123.00 price target on shares of Prologis in a research report on Thursday, January 22nd. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Prologis in a report on Monday, December 29th. Citigroup reissued a “buy” rating on shares of Prologis in a research note on Monday, January 26th. Finally, Robert W. Baird restated a “neutral” rating and issued a $130.00 target price (up from $128.00) on shares of Prologis in a research note on Thursday, January 8th. Thirteen research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $135.32.

Insider Buying and Selling

In other Prologis news, Director Cristina Gabriela Bita sold 621 shares of Prologis stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $127.60, for a total transaction of $79,239.60. Following the transaction, the director directly owned 8,208 shares of the company’s stock, valued at approximately $1,047,340.80. This trade represents a 7.03% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.57% of the stock is owned by insiders.

Prologis Stock Up 1.9%

PLD opened at $138.93 on Friday. The business’s fifty day simple moving average is $130.47 and its 200 day simple moving average is $121.82. Prologis, Inc. has a 52 week low of $85.35 and a 52 week high of $141.95. The company has a quick ratio of 0.64, a current ratio of 0.19 and a debt-to-equity ratio of 0.61. The stock has a market cap of $129.05 billion, a PE ratio of 39.13, a P/E/G ratio of 3.38 and a beta of 1.42.

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

Prologis Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 17th will be paid a $1.07 dividend. This is an increase from Prologis’s previous quarterly dividend of $1.01. This represents a $4.28 annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend is Tuesday, March 17th. Prologis’s payout ratio is currently 113.80%.

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.