Prologis, Inc. $PLD Shares Purchased by Resona Asset Management Co. Ltd.

Resona Asset Management Co. Ltd. grew its holdings in shares of Prologis, Inc. (NYSE:PLD) by 3.8% during the first quarter, Holdings Channel reports. The firm owned 569,387 shares of the real estate investment trust’s stock after acquiring an additional 20,840 shares during the quarter. Resona Asset Management Co. Ltd.’s holdings in Prologis were worth $73,776,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of PLD. High Point Wealth Management LLC bought a new stake in shares of Prologis during the 4th quarter valued at about $26,000. Ares Financial Consulting LLC acquired a new stake in Prologis during the fourth quarter worth about $26,000. Eagle Bay Advisors LLC bought a new position in Prologis in the fourth quarter worth about $27,000. SouthState Bank Corp lifted its holdings in Prologis by 73.1% in 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 in the fourth quarter valued at approximately $29,000. 93.50% of the stock is currently owned by institutional investors.

Prologis Stock Down 1.8%

Prologis stock opened at $140.98 on Thursday. Prologis, Inc. has a 52 week low of $103.41 and a 52 week high of $150.18. The stock has a market cap of $131.44 billion, a price-to-earnings ratio of 35.51 and a beta of 1.32. The company’s 50-day moving average price is $142.79 and its two-hundred day moving average price is $137.18. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.60.

Prologis (NYSE:PLD) last issued its quarterly earnings results on Thursday, April 16th. The real estate investment trust reported $1.05 earnings per share for the quarter, topping analysts’ consensus estimates of $0.81 by $0.24. The company had revenue of $2.30 billion during the quarter, compared to analyst estimates of $2.12 billion. Prologis had a net margin of 41.54% and a return on equity of 6.47%. The business’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same period in the prior year, the business posted $1.43 EPS. Prologis has set its FY 2026 guidance at 6.070-6.230 EPS. On average, analysts expect that Prologis, Inc. will post 6.17 EPS for the current fiscal year.

Prologis Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 16th were issued a dividend of $1.07 per share. The ex-dividend date of this dividend was Tuesday, June 16th. This represents a $4.28 annualized dividend and a yield of 3.0%. Prologis’s payout ratio is presently 107.81%.

Analyst Ratings Changes

PLD has been the subject of several recent research reports. Scotiabank lowered Prologis from a “sector outperform” rating to a “sector perform” rating and lowered their target price for the company from $154.00 to $146.00 in a report on Thursday, June 18th. Wells Fargo & Company raised their price target on Prologis from $155.00 to $167.00 and gave the stock an “overweight” rating in a report on Monday, June 1st. BMO Capital Markets reduced 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. BTIG Research upped their price objective on Prologis from $160.00 to $170.00 and gave the stock a “buy” rating in a research note on Wednesday, July 1st. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $157.00 target price on shares of Prologis in a research report on Friday, April 17th. Fifteen equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $152.00.

Prologis News Summary

Here are the key news stories impacting Prologis this week:

• Positive Sentiment: Prologis said it remains willing to engage with Segro and urged Segro shareholders to push for talks, keeping the acquisition possibility alive and supporting deal-related optimism. Prologis Pushes for Talks on $16.9 Billion Segro Bid
• Positive Sentiment: Coverage around the Segro bid and broader “REIT focus” has increased attention on Prologis’ growth strategy, which may help sentiment around the stock. Prologis (NYSE:PLD) Deal Buzz Sparks REIT Focus
• Neutral Sentiment: Analysts and market commentary continue to debate whether Prologis is fairly valued or fully valued, suggesting the stock may be reacting more to valuation concerns than to fresh operational news. Prologis (PLD) Stock Looks Fully Valued With Growth Already Priced In
• Neutral Sentiment: The company is also expected to report earnings soon, which is keeping investors focused on whether growth and guidance can justify the current valuation. Prologis (PLD) Expected to Post Earnings on Thursday
• Negative Sentiment: One analyst downgraded Segro to Hold, saying the takeover upside appears largely priced in and flagging execution and valuation risks, which could temper enthusiasm for Prologis’ bid strategy. Analyst Downgrades Segro to Hold as Prologis Bid Upside Appears Priced In, Highlighting Execution and Valuation Risks

Insiders Place Their Bets

In other Prologis news, CFO Timothy D. Arndt sold 3,597 shares of the stock in a transaction on Monday, June 15th. The stock was sold at an average price of $150.00, for a total transaction of $539,550.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.52% of the stock is owned by company insiders.

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.