Rakuten Investment Management Inc. Sells 61,546 Shares of Prologis, Inc. $PLD

Rakuten Investment Management Inc. lessened its holdings in Prologis, Inc. (NYSE:PLD) by 33.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 122,184 shares of the real estate investment trust’s stock after selling 61,546 shares during the quarter. Rakuten Investment Management Inc.’s holdings in Prologis were worth $15,698,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in PLD. Norges Bank acquired a new stake in Prologis in the fourth quarter worth about $1,589,125,000. Cardano Risk Management B.V. boosted its holdings in Prologis by 999.3% in the fourth quarter. Cardano Risk Management B.V. now owns 11,228,730 shares of the real estate investment trust’s stock worth $1,433,460,000 after acquiring an additional 10,207,267 shares in the last quarter. Swedbank AB boosted its holdings in 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 in the last quarter. Bessemer Group Inc. boosted its holdings in 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 in the last quarter. Finally, Vanguard Group Inc. boosted its holdings in 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 in the last quarter. Institutional investors and hedge funds own 93.50% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have weighed in on PLD. Royal Bank Of Canada raised their price target on Prologis from $135.00 to $148.00 and gave the stock a “sector perform” rating in a report on Tuesday, April 28th. Scotiabank raised their price objective on Prologis from $146.00 to $154.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 21st. UBS Group raised their price objective on Prologis from $148.00 to $161.00 and gave the stock a “buy” rating in a research note on Friday, April 17th. Bank of America raised their price objective on Prologis from $153.00 to $162.00 and gave the stock a “buy” rating in a research note on Monday, April 20th. Finally, Weiss Ratings upgraded Prologis from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, May 1st. Sixteen research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, Prologis presently has an average rating of “Moderate Buy” and an average price target of $151.86.

Prologis Stock Down 0.2%

Prologis stock opened at $148.45 on Tuesday. The stock has a market capitalization of $138.41 billion, a PE ratio of 37.39, a price-to-earnings-growth ratio of 3.27 and a beta of 1.32. Prologis, Inc. has a 12 month low of $103.41 and a 12 month high of $150.18. The business has a 50 day simple moving average of $142.28 and a 200-day simple moving average of $135.72. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.51 and a quick ratio of 0.51.

Prologis (NYSE:PLD) last posted its quarterly earnings data on Thursday, April 16th. The real estate investment trust reported $1.05 EPS for the quarter, beating analysts’ consensus estimates of $0.81 by $0.24. The business had revenue of $2.30 billion during the quarter, compared to analysts’ expectations of $2.12 billion. Prologis had a return on equity of 6.47% and a net margin of 41.54%.The business’s revenue was up 6.9% compared to the same quarter last year. During the same period in the previous year, the business earned $1.43 earnings per share. Prologis has set its FY 2026 guidance at 6.070-6.230 EPS. On average, analysts anticipate that Prologis, Inc. will post 6.18 EPS for the current fiscal year.

Prologis Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 16th will be paid a dividend of $1.07 per share. The ex-dividend date of this dividend is Tuesday, June 16th. This represents a $4.28 dividend on an annualized basis and a yield of 2.9%. Prologis’s payout ratio is 107.81%.

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.