Resona Asset Management Co. Ltd. Lowers Position in Prologis, Inc. $PLD

Resona Asset Management Co. Ltd. lessened its holdings in Prologis, Inc. (NYSE:PLD) by 3.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 548,547 shares of the real estate investment trust’s stock after selling 21,699 shares during the period. Resona Asset Management Co. Ltd.’s holdings in Prologis were worth $70,364,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the business. Csenge Advisory Group increased its position in Prologis by 6.7% in the fourth quarter. Csenge Advisory Group now owns 7,006 shares of the real estate investment trust’s stock worth $894,000 after purchasing an additional 441 shares during the last quarter. Profund Advisors LLC increased its position in Prologis by 16.9% in the fourth quarter. Profund Advisors LLC now owns 12,696 shares of the real estate investment trust’s stock worth $1,621,000 after purchasing an additional 1,831 shares during the last quarter. ProShare Advisors LLC increased its position in Prologis by 5.6% in the fourth quarter. ProShare Advisors LLC now owns 203,582 shares of the real estate investment trust’s stock worth $25,989,000 after purchasing an additional 10,738 shares during the last quarter. Envestnet Portfolio Solutions Inc. increased its position in Prologis by 1.8% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 254,740 shares of the real estate investment trust’s stock worth $32,520,000 after purchasing an additional 4,471 shares during the last quarter. Finally, Stronghold Wealth Management L.L.C. bought a new stake in Prologis in the fourth quarter worth $606,000. Institutional investors own 93.50% of the company’s stock.

Prologis Trading Up 1.2%

PLD stock opened at $142.26 on Tuesday. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 0.60. Prologis, Inc. has a twelve month low of $103.02 and a twelve month high of $145.44. The stock has a market capitalization of $132.63 billion, a price-to-earnings ratio of 35.83, a price-to-earnings-growth ratio of 3.10 and a beta of 1.33. The firm’s fifty day simple moving average is $137.10 and its two-hundred day simple moving average is $132.85.

Prologis (NYSE:PLD) last posted its quarterly earnings data on Thursday, April 16th. The real estate investment trust reported $1.05 earnings per share for the quarter, beating analysts’ consensus estimates of $0.81 by $0.24. Prologis had a net margin of 41.54% and a return on equity of 6.47%. The business had revenue of $2.30 billion for the quarter, compared to analysts’ expectations of $2.12 billion. During the same quarter in the previous year, the business posted $1.43 earnings per share. The business’s revenue was up 6.9% compared to the same quarter last year. Prologis has set its FY 2026 guidance at 6.070-6.230 EPS. As a group, analysts anticipate that Prologis, Inc. will post 6.17 earnings per share for the current year.

Prologis Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 16th will be given a dividend of $1.07 per share. The ex-dividend date is Tuesday, June 16th. This represents a $4.28 dividend on an annualized basis and a yield of 3.0%. Prologis’s payout ratio is 107.81%.

Analysts Set New Price Targets

PLD has been the topic of several research reports. Weiss Ratings upgraded shares of Prologis from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, May 1st. Truist Financial boosted their price target on shares of Prologis from $139.00 to $154.00 and gave the stock a “buy” rating in a research report on Friday, April 24th. DA Davidson boosted their price target on shares of Prologis from $140.00 to $160.00 and gave the stock a “buy” rating in a research report on Tuesday, April 21st. Freedom Capital cut shares of Prologis from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 23rd. Finally, Scotiabank boosted their price target on shares of Prologis from $146.00 to $154.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 21st. Sixteen equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $149.76.

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.