Korea Investment CORP Buys 76,517 Shares of Prologis, Inc. $PLD

Korea Investment CORP increased its position in Prologis, Inc. (NYSE:PLD) by 14.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 622,184 shares of the real estate investment trust’s stock after buying an additional 76,517 shares during the period. Korea Investment CORP owned 0.07% of Prologis worth $71,253,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Clayton Financial Group LLC bought a new position in Prologis in the third quarter worth approximately $26,000. Silver Oak Securities Incorporated acquired a new stake in Prologis in the third quarter valued at approximately $36,000. Rossby Financial LCC increased its holdings in shares of Prologis by 69.6% during the third quarter. Rossby Financial LCC now owns 329 shares of the real estate investment trust’s stock valued at $38,000 after acquiring an additional 135 shares in the last quarter. AlphaQuest LLC acquired a new position in shares of Prologis during the third quarter worth approximately $39,000. Finally, Clear Investment Research LLC raised its position in shares of Prologis by 34.5% during the third quarter. Clear Investment Research LLC now owns 343 shares of the real estate investment trust’s stock worth $39,000 after purchasing an additional 88 shares during the period. 93.50% of the stock is owned by institutional investors and hedge funds.

Prologis Stock Performance

PLD stock opened at $134.42 on Monday. The firm has a market cap of $124.95 billion, a PE ratio of 37.86, a P/E/G ratio of 3.33 and a beta of 1.41. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.61. The business has a 50 day moving average of $133.95 and a 200-day moving average of $125.56. Prologis, Inc. has a 12-month low of $85.35 and a 12-month high of $143.95.

Prologis (NYSE:PLD) last issued its quarterly earnings results on Wednesday, January 21st. The real estate investment trust reported $1.44 EPS for the quarter, meeting analysts’ consensus estimates of $1.44. The company had revenue of $2.25 billion during the quarter, compared to the consensus estimate of $2.09 billion. Prologis had a return on equity of 5.79% and a net margin of 37.86%.Prologis’s revenue was up 7.8% on a year-over-year basis. During the same period last year, the business posted $1.42 earnings per share. Prologis has set its FY 2026 guidance at 6.000-6.200 EPS. As a group, sell-side analysts expect that Prologis, Inc. will post 5.73 earnings per share for the current year.

Prologis Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 17th will be given a dividend of $1.07 per share. The ex-dividend date of this dividend is Tuesday, March 17th. This represents a $4.28 annualized dividend and a dividend yield of 3.2%. This is a boost from Prologis’s previous quarterly dividend of $1.01. Prologis’s payout ratio is 120.56%.

Analysts Set New Price Targets

Several analysts recently issued reports on PLD shares. Barclays reissued an “overweight” rating and issued a $139.00 price target on shares of Prologis in a research report on Tuesday, January 13th. Mizuho upped their price objective on shares of Prologis from $138.00 to $143.00 and gave the stock an “outperform” rating in a report on Monday, January 26th. Morgan Stanley set a $135.00 price objective on shares of Prologis in a research note on Friday, January 16th. Robert W. Baird reiterated a “neutral” rating and set a $130.00 price objective (up from $128.00) on shares of Prologis in a report on Thursday, January 8th. Finally, Truist Financial decreased their target price on shares of Prologis from $142.00 to $139.00 and set a “buy” rating for the company in a research report on Monday, January 26th. Fourteen research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Prologis presently has an average rating of “Moderate Buy” and an average price target of $137.20.

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.