Rakuten Investment Management Inc. Invests $21.04 Million in Prologis, Inc. $PLD

Rakuten Investment Management Inc. bought a new position in Prologis, Inc. (NYSE:PLD) during the 3rd quarter, HoldingsChannel reports. The fund bought 183,730 shares of the real estate investment trust’s stock, valued at approximately $21,041,000.

Several other institutional investors have also added to or reduced their stakes in the company. Ignite Planners LLC increased its position in shares of Prologis by 3.2% in the third quarter. Ignite Planners LLC now owns 2,937 shares of the real estate investment trust’s stock valued at $336,000 after acquiring an additional 92 shares during the period. ORG Partners LLC boosted its holdings in shares of Prologis by 3.3% during the third quarter. ORG Partners LLC now owns 2,867 shares of the real estate investment trust’s stock worth $328,000 after purchasing an additional 92 shares during the period. Stratos Wealth Partners LTD. grew its stake in shares of Prologis by 0.7% in the second quarter. Stratos Wealth Partners LTD. now owns 13,678 shares of the real estate investment trust’s stock worth $1,438,000 after purchasing an additional 93 shares during the last quarter. Stableford Capital II LLC increased its holdings in Prologis by 0.4% during the 3rd quarter. Stableford Capital II LLC now owns 21,090 shares of the real estate investment trust’s stock valued at $2,415,000 after purchasing an additional 94 shares during the period. Finally, Palogic Value Management L.P. raised its position in Prologis by 4.7% during the 2nd quarter. Palogic Value Management L.P. now owns 2,130 shares of the real estate investment trust’s stock valued at $224,000 after purchasing an additional 96 shares during the last quarter. Hedge funds and other institutional investors own 93.50% of the company’s stock.

Insider Activity at Prologis

In other news, Director James B. Connor sold 80,000 shares of the business’s stock in a transaction that occurred on Friday, October 24th. The stock was sold at an average price of $126.58, for a total value of $10,126,400.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Cristina Gabriela Bita sold 621 shares of the company’s stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $127.60, for a total value of $79,239.60. Following the completion of the sale, the director owned 8,208 shares in the company, valued at $1,047,340.80. The trade was a 7.03% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 81,121 shares of company stock valued at $10,267,210 over the last quarter. Company insiders own 0.57% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on PLD. UBS Group lifted their price objective on Prologis from $137.00 to $144.00 and gave the stock a “buy” rating in a research report on Thursday, January 8th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Prologis in a report on Monday, December 29th. Truist Financial boosted their price objective on shares of Prologis from $131.00 to $142.00 and gave the company a “buy” rating in a research report on Tuesday. BTIG Research raised their target price on shares of Prologis from $134.00 to $155.00 and gave the stock a “buy” rating in a research report on Wednesday, December 31st. Finally, Scotiabank raised shares of Prologis from a “sector perform” rating to a “sector outperform” rating and lifted their target price for the company from $133.00 to $146.00 in a research note on Wednesday, January 14th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $133.00.

Prologis Stock Performance

Shares of Prologis stock opened at $130.74 on Wednesday. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 0.62. The firm has a market capitalization of $121.44 billion, a P/E ratio of 38.12, a P/E/G ratio of 3.90 and a beta of 1.40. The business has a fifty day simple moving average of $128.12 and a two-hundred day simple moving average of $118.90. Prologis, Inc. has a 12 month low of $85.35 and a 12 month high of $134.94.

Prologis (NYSE:PLD) last released its earnings results on Wednesday, January 21st. The real estate investment trust reported $1.44 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.44. Prologis had a net margin of 36.71% and a return on equity of 5.55%. Prologis has set its FY 2026 guidance at 6.000-6.200 EPS. On average, equities analysts forecast that Prologis, Inc. will post 5.73 earnings per share for the current fiscal year.

Prologis Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 16th were paid a dividend of $1.01 per share. The ex-dividend date of this dividend was Tuesday, December 16th. This represents a $4.04 dividend on an annualized basis and a dividend yield of 3.1%. Prologis’s dividend payout ratio (DPR) is currently 117.78%.

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.