Prologis, Inc. $PLD Shares Sold by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D decreased its holdings in shares of Prologis, Inc. (NYSE:PLD) by 1.1% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 745,910 shares of the real estate investment trust’s stock after selling 8,150 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Prologis were worth $95,223,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently added to or reduced their stakes in PLD. Vanguard Group Inc. lifted its holdings in shares of Prologis by 1.0% during 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 purchasing an additional 1,258,407 shares during the period. Amundi increased its position in Prologis by 22.0% during the 3rd quarter. Amundi now owns 5,651,563 shares of the real estate investment trust’s stock worth $661,968,000 after purchasing an additional 1,020,819 shares during the period. Federated Hermes Inc. raised its position in Prologis by 30.3% in the third quarter. Federated Hermes Inc. now owns 4,256,236 shares of the real estate investment trust’s stock worth $487,424,000 after acquiring an additional 988,986 shares in the last quarter. Mondrian Investment Partners LTD acquired a new stake in shares of Prologis in the third quarter valued at about $112,141,000. Finally, Capital International Investors lifted its position in shares of Prologis by 15.0% during the 3rd quarter. Capital International Investors now owns 7,247,383 shares of the real estate investment trust’s stock valued at $829,970,000 after acquiring an additional 946,847 shares during the period. Institutional investors and hedge funds own 93.50% of the company’s stock.

Wall Street Analyst Weigh In

PLD has been the topic of several recent research reports. Wall Street Zen lowered shares of Prologis from a “hold” rating to a “sell” rating in a research report on Sunday. Robert W. Baird upped their price objective on Prologis from $133.00 to $136.00 and gave the company a “neutral” rating in a research report on Friday, April 17th. BTIG Research reissued a “buy” rating and issued a $155.00 target price on shares of Prologis in a research note on Wednesday, April 15th. BMO Capital Markets reaffirmed a “market perform” rating and set a $123.00 price target on shares of Prologis in a research note on Thursday, January 22nd. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Prologis from $141.00 to $157.00 and gave the company an “overweight” rating in a research report on Tuesday, April 21st. Fourteen equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat.com, Prologis currently has a consensus rating of “Moderate Buy” and a consensus target price of $147.90.

Prologis Stock Down 1.9%

PLD opened at $138.88 on Thursday. Prologis, Inc. has a 12 month low of $100.22 and a 12 month high of $145.44. The business has a 50-day moving average of $136.70 and a two-hundred day moving average of $131.31. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.16 and a quick ratio of 0.58. The stock has a market capitalization of $129.47 billion, a price-to-earnings ratio of 34.98, a price-to-earnings-growth ratio of 3.08 and a beta of 1.40.

Prologis (NYSE:PLD) last released its earnings results on Thursday, April 16th. The real estate investment trust reported $1.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.24. Prologis had a net margin of 41.54% and a return on equity of 6.46%. The business had revenue of $2.30 billion for the quarter, compared to analysts’ expectations of $2.12 billion. During the same period last year, the company earned $1.43 earnings per share. The company’s quarterly revenue was up 6.9% on a year-over-year basis. Prologis has set its FY 2026 guidance at 6.070-6.230 EPS. On average, research analysts expect that Prologis, Inc. will post 6.17 earnings per share for the current year.

Prologis Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 16th will be issued a $1.07 dividend. The ex-dividend date is Tuesday, June 16th. This represents a $4.28 dividend on an annualized basis and a yield of 3.1%. Prologis’s dividend payout ratio (DPR) is presently 107.81%.

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.