Prologis, Inc. $PLD Shares Acquired by National Pension Service

National Pension Service increased its stake in Prologis, Inc. (NYSE:PLD) by 12.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,737,711 shares of the real estate investment trust’s stock after acquiring an additional 294,574 shares during the period. National Pension Service’s holdings in Prologis were worth $349,496,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of PLD. Swedbank AB boosted its position in shares of Prologis by 36.2% in the fourth quarter. Swedbank AB now owns 7,664,583 shares of the real estate investment trust’s stock worth $978,461,000 after acquiring an additional 2,038,329 shares during the last quarter. Bessemer Group Inc. boosted its position in shares of Prologis by 8,000.9% in the fourth quarter. Bessemer Group Inc. now owns 1,595,963 shares of the real estate investment trust’s stock worth $203,741,000 after acquiring an additional 1,576,262 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Prologis by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 123,323,290 shares of the real estate investment trust’s stock worth $15,743,451,000 after acquiring an additional 1,258,407 shares during the last quarter. Amundi boosted its position in shares of Prologis by 22.0% in the third quarter. Amundi now owns 5,651,563 shares of the real estate investment trust’s stock worth $661,968,000 after acquiring an additional 1,020,819 shares during the last quarter. Finally, Mondrian Investment Partners LTD acquired a new stake in shares of Prologis in the third quarter worth approximately $112,141,000. 93.50% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

PLD has been the topic of several research analyst reports. JPMorgan Chase & Co. raised their target price on shares of Prologis from $141.00 to $157.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 21st. Robert W. Baird boosted their target price on Prologis from $133.00 to $136.00 and gave the stock a “neutral” rating in a report on Friday, April 17th. Royal Bank Of Canada boosted their target price on Prologis from $135.00 to $148.00 and gave the stock a “sector perform” rating in a report on Tuesday, April 28th. Wall Street Zen upgraded Prologis from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Finally, Argus boosted their target price on Prologis from $135.00 to $152.00 and gave the stock a “buy” rating in a report on Friday, April 17th. Sixteen equities research 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 has a consensus rating of “Moderate Buy” and a consensus price target of $150.52.

Prologis Stock Down 0.5%

Shares of NYSE:PLD opened at $145.86 on Friday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.51 and a current ratio of 0.51. Prologis, Inc. has a 1 year low of $103.41 and a 1 year high of $147.93. The stock has a market capitalization of $135.99 billion, a P/E ratio of 36.74, a PEG ratio of 3.22 and a beta of 1.33. The stock has a 50-day simple moving average of $138.94 and a 200-day simple moving average of $134.04.

Prologis (NYSE:PLD) last issued its earnings results on Thursday, April 16th. The real estate investment trust reported $1.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $2.12 billion. During the same quarter in the previous year, the business earned $1.43 EPS. The company’s revenue for the quarter was up 6.9% on a year-over-year basis. Prologis has set its FY 2026 guidance at 6.070-6.230 EPS. Equities analysts forecast that Prologis, Inc. will post 6.18 earnings per share for the current year.

Prologis Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 16th will be issued 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 dividend yield of 2.9%. Prologis’s payout ratio is presently 107.81%.

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.