OMERS ADMINISTRATION Corp Raises Stake in Prologis, Inc. $PLD

OMERS ADMINISTRATION Corp lifted its stake in shares of Prologis, Inc. (NYSE:PLD) by 0.6% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,733,147 shares of the real estate investment trust’s stock after purchasing an additional 9,921 shares during the quarter. Prologis comprises about 1.5% of OMERS ADMINISTRATION Corp’s investment portfolio, making the stock its 11th largest position. OMERS ADMINISTRATION Corp’s holdings in Prologis were worth $229,087,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also made changes to their positions in the company. High Point Wealth Management LLC purchased a new stake in shares of Prologis in the 4th quarter worth about $26,000. Ares Financial Consulting LLC purchased a new position in Prologis during the 4th quarter valued at about $26,000. Eagle Bay Advisors LLC purchased a new position in Prologis during the 4th quarter valued at about $27,000. SouthState Bank Corp raised its position in Prologis by 73.1% during the fourth quarter. SouthState Bank Corp now owns 225 shares of the real estate investment trust’s stock worth $29,000 after acquiring an additional 95 shares during the last quarter. Finally, Hilton Head Capital Partners LLC acquired a new position in Prologis during the fourth quarter worth about $29,000. Hedge funds and other institutional investors own 93.50% of the company’s stock.

Insider Buying and Selling

In other Prologis news, CFO Timothy D. Arndt sold 3,597 shares of Prologis stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $150.00, for a total value of $539,550.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.52% of the company’s stock.

Prologis News Summary

Here are the key news stories impacting Prologis this week:

• Positive Sentiment: Segro’s board said it would recommend Prologis’s final $18.7 billion takeover bid, a sign the deal is gaining traction and could expand Prologis’s portfolio and long-term growth prospects. Article Title
• Positive Sentiment: Scotiabank raised its price target on Prologis to $150 from $146, while Truist boosted its target to $162, reflecting improved analyst confidence in the stock’s valuation. Article Title
• Positive Sentiment: Recent commentary highlighted Prologis as potentially undervalued after its earnings beat and raised guidance, reinforcing optimism around earnings momentum and fundamentals. Article Title
• Neutral Sentiment: Additional articles noted renewed investor attention on logistics and data-center themes, but these were more thematic than company-specific and did not include new financial results or formal guidance changes. Article Title

Prologis Price Performance

NYSE:PLD opened at $147.43 on Friday. The firm has a market cap of $137.45 billion, a price-to-earnings ratio of 32.84 and a beta of 1.32. The company has a current ratio of 0.27, a quick ratio of 0.51 and a debt-to-equity ratio of 0.63. The company’s 50-day moving average is $143.56 and its two-hundred day moving average is $138.55. Prologis, Inc. has a 12-month low of $103.41 and a 12-month high of $153.35.

Prologis (NYSE:PLD) last issued its quarterly earnings results on Thursday, July 16th. The real estate investment trust reported $1.13 EPS for the quarter, topping analysts’ consensus estimates of $0.75 by $0.38. The business had revenue of $2.43 billion during the quarter, compared to the consensus estimate of $2.16 billion. Prologis had a net margin of 45.79% and a return on equity of 7.29%. The company’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.46 earnings per share. Prologis has set its FY 2026 guidance at 6.220-6.300 EPS. Research analysts expect that Prologis, Inc. will post 6.28 EPS for the current year.

Prologis Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 16th were given a dividend of $1.07 per share. The ex-dividend date was Tuesday, June 16th. This represents a $4.28 dividend on an annualized basis and a yield of 2.9%. Prologis’s dividend payout ratio (DPR) is 95.32%.

Wall Street Analyst Weigh In

Several analysts have recently commented on PLD shares. UBS Group increased their price target on shares of Prologis from $148.00 to $161.00 and gave the company a “buy” rating in a research report on Friday, April 17th. BMO Capital Markets cut their price objective on Prologis from $162.00 to $158.00 and set an “outperform” rating for the company in a research report on Monday, June 29th. Raymond James Financial assumed coverage on Prologis in a research report on Thursday, June 18th. They set a “market perform” rating for the company. JPMorgan Chase & Co. upped their target price on Prologis from $141.00 to $157.00 and gave the company an “overweight” rating in a research note on Tuesday, April 21st. Finally, Citigroup increased their target price on Prologis from $145.00 to $165.00 and gave the company a “buy” rating in a report on Tuesday, April 21st. Fifteen analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $153.81.

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.