Arizona State Retirement System Has $35.04 Million Stock Holdings in Prologis, Inc. $PLD

Arizona State Retirement System raised its holdings in shares of Prologis, Inc. (NYSE:PLD) by 1.6% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 258,676 shares of the real estate investment trust’s stock after acquiring an additional 4,130 shares during the period. Arizona State Retirement System’s holdings in Prologis were worth $35,043,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. California State Teachers Retirement System increased its holdings in Prologis by 13,234.9% in the second quarter. California State Teachers Retirement System now owns 189,453,847 shares of the real estate investment trust’s stock valued at $25,665,313,000 after purchasing an additional 188,033,109 shares during the last quarter. BlackRock Inc. acquired a new position in Prologis in the second quarter valued at about $14,006,587,000. Geode Capital Management LLC boosted its holdings in Prologis by 1.5% during the fourth quarter. Geode Capital Management LLC now owns 23,012,940 shares of the real estate investment trust’s stock worth $2,925,791,000 after buying an additional 339,906 shares during the last quarter. Capital Research Global Investors boosted its holdings in Prologis by 4.4% during the fourth quarter. Capital Research Global Investors now owns 16,061,390 shares of the real estate investment trust’s stock worth $2,050,397,000 after buying an additional 678,363 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Prologis by 4.4% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 14,753,884 shares of the real estate investment trust’s stock worth $1,998,709,000 after buying an additional 618,467 shares during the period. Institutional investors and hedge funds own 93.50% of the company’s stock.

Insider Activity

In related news, CFO Timothy Arndt sold 3,597 shares of the company’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $150.00, for a total transaction of $539,550.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.52% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on the company. BMO Capital Markets lowered their price target on Prologis from $162.00 to $158.00 and set an “outperform” rating for the company in a research note on Monday, June 29th. Weiss Ratings lowered shares of Prologis from a “buy (b)” rating to a “buy (b-)” rating in a research note on Wednesday, August 26th. Barclays boosted their price objective on shares of Prologis from $139.00 to $156.00 and gave the company an “overweight” rating in a report on Thursday, July 16th. BTIG Research lifted their target price on Prologis from $160.00 to $170.00 and gave the stock a “buy” rating in a report on Wednesday, July 1st. Finally, Wall Street Zen upgraded shares of Prologis from a “sell” rating to a “hold” rating in a report on Saturday, July 18th. Sixteen equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, Prologis presently has an average rating of “Moderate Buy” and a consensus price target of $154.52.

Prologis Stock Up 0.9%

Shares of PLD stock traded up $1.25 during trading on Tuesday, reaching $138.59. The company’s stock had a trading volume of 2,638,698 shares, compared to its average volume of 3,764,379. Prologis, Inc. has a one year low of $110.60 and a one year high of $153.35. The business has a fifty day moving average price of $142.03 and a 200-day moving average price of $140.56. The company has a market cap of $129.32 billion, a price-to-earnings ratio of 30.87 and a beta of 1.30. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.63.

Prologis (NYSE:PLD) last released its earnings results on Thursday, July 16th. The real estate investment trust reported $1.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.75 by $0.38. Prologis had a net margin of 45.79% and a return on equity of 7.29%. The business had revenue of $2.43 billion during the quarter, compared to the consensus estimate of $2.16 billion. During the same quarter last year, the firm earned $1.46 earnings per share. The firm’s revenue for the quarter was up 11.0% compared to the same quarter last year. Prologis has set its FY 2026 guidance at 6.220-6.300 EPS. Analysts anticipate that Prologis, Inc. will post 6.27 earnings per share for the current year.

Prologis Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Wednesday, September 16th will be given a $1.07 dividend. The ex-dividend date of this dividend is Wednesday, September 16th. This represents a $4.28 dividend on an annualized basis and a dividend yield of 3.1%. Prologis’s payout ratio is currently 95.32%.

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.