New York State Common Retirement Fund Lowers Stock Position in Prologis, Inc. $PLD

New York State Common Retirement Fund reduced its position in Prologis, Inc. (NYSE:PLD) by 6.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,123,314 shares of the real estate investment trust’s stock after selling 77,712 shares during the quarter. New York State Common Retirement Fund owned about 0.12% of Prologis worth $128,642,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in PLD. Brighton Jones LLC lifted its stake in shares of Prologis by 629.0% in the 4th quarter. Brighton Jones LLC now owns 17,475 shares of the real estate investment trust’s stock valued at $1,847,000 after purchasing an additional 15,078 shares in the last quarter. Janney Capital Management LLC lifted its position in Prologis by 2.0% during the second quarter. Janney Capital Management LLC now owns 19,300 shares of the real estate investment trust’s stock valued at $2,029,000 after buying an additional 384 shares in the last quarter. Chicago Capital LLC grew its stake in Prologis by 131.6% during the second quarter. Chicago Capital LLC now owns 5,372 shares of the real estate investment trust’s stock worth $565,000 after buying an additional 3,052 shares during the period. Powers Advisory Group LLC acquired a new stake in shares of Prologis in the second quarter worth $224,000. Finally, Truist Financial Corp raised its stake in shares of Prologis by 7.3% in the 2nd quarter. Truist Financial Corp now owns 318,910 shares of the real estate investment trust’s stock valued at $33,524,000 after acquiring an additional 21,640 shares during the period. Hedge funds and other institutional investors own 93.50% of the company’s stock.

Prologis Trading Down 1.2%

Shares of PLD opened at $127.19 on Thursday. Prologis, Inc. has a one year low of $85.35 and a one year high of $134.94. The stock has a 50-day moving average price of $128.63 and a 200 day moving average price of $119.67. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.64 and a current ratio of 0.19. The company has a market capitalization of $118.14 billion, a P/E ratio of 37.08, a P/E/G ratio of 3.14 and a beta of 1.40.

Prologis (NYSE:PLD) last announced its earnings results on Wednesday, January 21st. The real estate investment trust reported $1.44 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.44. The company had revenue of $2.25 billion for the quarter, compared to analyst estimates of $2.09 billion. Prologis had a return on equity of 6.64% and a net margin of 37.86%.Prologis’s quarterly revenue was up 7.8% on a year-over-year basis. During the same period in the prior year, the company posted $1.42 EPS. Prologis has set its FY 2026 guidance at 6.000-6.200 EPS. Sell-side analysts forecast that Prologis, Inc. will post 5.73 EPS for the current fiscal year.

Prologis Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 16th were issued a dividend of $1.01 per share. This represents a $4.04 annualized dividend and a yield of 3.2%. The ex-dividend date of this dividend was Tuesday, December 16th. Prologis’s dividend payout ratio (DPR) is currently 117.78%.

Insider Buying and Selling at Prologis

In other news, Director Cristina Gabriela Bita sold 621 shares of the stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $127.60, for a total transaction of $79,239.60. Following the transaction, the director owned 8,208 shares of the company’s stock, valued at approximately $1,047,340.80. This trade represents a 7.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.57% of the company’s stock.

Analysts Set New Price Targets

PLD has been the topic of several recent research reports. Weiss Ratings restated a “buy (b-)” rating on shares of Prologis in a report on Monday, December 29th. BNP Paribas Exane raised their price objective on Prologis from $129.00 to $140.00 and gave the company an “outperform” rating in a research report on Wednesday, January 21st. Industrial Alliance Securities set a $119.00 target price on Prologis in a research report on Monday, October 20th. Wall Street Zen upgraded Prologis from a “sell” rating to a “hold” rating in a report on Friday, January 23rd. Finally, Morgan Stanley set a $135.00 price target on Prologis in a report on Friday, January 16th. Thirteen equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, Prologis currently has a consensus rating of “Moderate Buy” and an average target price of $134.22.

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.