Legal & General Group Plc Has $1.46 Billion Position in Prologis, Inc. $PLD

Legal & General Group Plc grew its holdings in Prologis, Inc. (NYSE:PLD) by 6.1% during the fourth quarter, Holdings Channel.com reports. The firm owned 11,443,741 shares of the real estate investment trust’s stock after acquiring an additional 661,502 shares during the period. Legal & General Group Plc’s holdings in Prologis were worth $1,460,908,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. High Point Wealth Management LLC acquired a new position in Prologis in the fourth quarter worth $26,000. Ares Financial Consulting LLC acquired a new position in Prologis in the fourth quarter worth $26,000. Eagle Bay Advisors LLC acquired a new position in Prologis in the fourth quarter worth $27,000. High Note Wealth LLC boosted its stake in Prologis by 43.9% in the fourth quarter. High Note Wealth LLC now owns 249 shares of the real estate investment trust’s stock worth $32,000 after purchasing an additional 76 shares in the last quarter. Finally, True Wealth Design LLC boosted its stake in Prologis by 87.1% in the fourth quarter. True Wealth Design LLC now owns 262 shares of the real estate investment trust’s stock worth $33,000 after purchasing an additional 122 shares in the last quarter. Institutional investors and hedge funds own 93.50% of the company’s stock.

Prologis Trading Up 0.1%

Shares of PLD opened at $146.05 on Monday. 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 12-month low of $103.02 and a 12-month high of $146.27. The firm has a market capitalization of $136.17 billion, a PE ratio of 36.79, a price-to-earnings-growth ratio of 3.21 and a beta of 1.33. The stock’s fifty day simple moving average is $137.85 and its 200-day simple moving average is $133.42.

Prologis (NYSE:PLD) last issued its quarterly earnings results on Thursday, April 16th. The real estate investment trust reported $1.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.24. Prologis had a return on equity of 6.47% and a net margin of 41.54%.The business had revenue of $2.30 billion for the quarter, compared to analyst estimates of $2.12 billion. During the same quarter in the prior year, the firm posted $1.43 earnings per share. The firm’s revenue for the quarter 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, research analysts predict that Prologis, Inc. will post 6.17 earnings per share for the current year.

Prologis Announces Dividend

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 paid a $1.07 dividend. The ex-dividend date of this dividend is Tuesday, June 16th. This represents a $4.28 annualized dividend and a yield of 2.9%. Prologis’s dividend payout ratio is presently 107.81%.

Analyst Ratings Changes

A number of equities analysts have commented on the company. JPMorgan Chase & Co. boosted their price objective on Prologis from $141.00 to $157.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 21st. BNP Paribas Exane upped their price target on Prologis from $140.00 to $150.00 and gave the company an “outperform” rating in a research note on Friday, April 17th. Wall Street Zen raised Prologis from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Royal Bank Of Canada upped their price target on Prologis from $135.00 to $148.00 and gave the company a “sector perform” rating in a research note on Tuesday, April 28th. Finally, Argus upped their price target on Prologis from $135.00 to $152.00 and gave the company a “buy” rating in a research note on Friday, April 17th. Sixteen equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Prologis has an average rating of “Moderate Buy” and an average target price of $149.76.

Prologis 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.