TD Asset Management Inc Purchases 14,691 Shares of Prologis, Inc. $PLD

TD Asset Management Inc raised its stake in Prologis, Inc. (NYSE:PLD) by 4.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 368,624 shares of the real estate investment trust’s stock after acquiring an additional 14,691 shares during the quarter. TD Asset Management Inc’s holdings in Prologis were worth $47,059,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the stock. Vanguard Group Inc. raised its holdings in Prologis by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 123,323,290 shares of the real estate investment trust’s stock valued at $15,743,451,000 after acquiring an additional 1,258,407 shares during the period. Geode Capital Management LLC raised its holdings in Prologis by 1.5% in the 4th quarter. Geode Capital Management LLC now owns 23,012,940 shares of the real estate investment trust’s stock valued at $2,925,791,000 after acquiring an additional 339,906 shares during the period. Norges Bank bought a new position in Prologis in the 4th quarter valued at about $1,589,125,000. Legal & General Group Plc raised its holdings in Prologis by 6.1% in the 4th quarter. Legal & General Group Plc now owns 11,443,741 shares of the real estate investment trust’s stock valued at $1,460,908,000 after acquiring an additional 661,502 shares during the period. Finally, Principal Financial Group Inc. raised its holdings in Prologis by 1.3% in the 4th quarter. Principal Financial Group Inc. now owns 10,946,760 shares of the real estate investment trust’s stock valued at $1,397,467,000 after acquiring an additional 135,912 shares during the period. 93.50% of the stock is owned by institutional investors.

Prologis Stock Performance

Shares of Prologis stock opened at $144.69 on Friday. Prologis, Inc. has a fifty-two week low of $103.41 and a fifty-two week high of $147.93. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.51 and a quick ratio of 0.51. The firm has a market capitalization of $134.90 billion, a P/E ratio of 36.45, a P/E/G ratio of 3.18 and a beta of 1.32. The company’s 50 day moving average price is $140.40 and its two-hundred day moving average price is $134.72.

Prologis (NYSE:PLD) last issued its earnings results 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 firm had revenue of $2.30 billion for the quarter, compared to analyst estimates of $2.12 billion. During the same quarter last year, the business posted $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, equities analysts forecast that Prologis, Inc. will post 6.18 earnings per share for the current fiscal year.

Prologis Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 16th will be given a $1.07 dividend. 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 dividend payout ratio (DPR) is currently 107.81%.

Wall Street Analyst Weigh In

PLD has been the topic of several research analyst reports. Jefferies Financial Group lowered their price target on shares of Prologis from $157.00 to $155.00 and set a “buy” rating on the stock in a report on Tuesday, April 14th. Weiss Ratings raised shares of Prologis from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, May 1st. Truist Financial increased their price target on shares of Prologis from $139.00 to $154.00 and gave the company a “buy” rating in a report on Friday, April 24th. BMO Capital Markets raised shares of Prologis from a “market perform” rating to an “outperform” rating and increased their price target for the company from $137.00 to $162.00 in a report on Thursday, May 7th. Finally, Wells Fargo & Company increased their price target on shares of Prologis from $155.00 to $167.00 and gave the company an “overweight” rating in a report on Monday, June 1st. Sixteen analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $151.86.

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.