Capital International Investors Has $829.97 Million Stock Position in Prologis, Inc. $PLD

Capital International Investors lifted its holdings in Prologis, Inc. (NYSE:PLD) by 15.0% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 7,247,383 shares of the real estate investment trust’s stock after acquiring an additional 946,847 shares during the period. Capital International Investors owned approximately 0.78% of Prologis worth $829,970,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of PLD. Clayton Financial Group LLC bought a new stake in Prologis in the 3rd quarter valued at about $26,000. Silver Oak Securities Incorporated bought a new position in shares of Prologis during the third quarter worth approximately $36,000. Rossby Financial LCC raised its position in shares of Prologis by 69.6% in the third quarter. Rossby Financial LCC now owns 329 shares of the real estate investment trust’s stock valued at $38,000 after buying an additional 135 shares in the last quarter. AlphaQuest LLC acquired a new stake in shares of Prologis in the third quarter valued at approximately $39,000. Finally, Clear Investment Research LLC boosted its stake in shares of Prologis by 34.5% in the third quarter. Clear Investment Research LLC now owns 343 shares of the real estate investment trust’s stock valued at $39,000 after buying an additional 88 shares during the period. 93.50% of the stock is owned by institutional investors.

Prologis Stock Up 0.8%

Shares of PLD opened at $136.18 on Wednesday. The firm has a 50 day simple moving average of $134.23 and a two-hundred day simple moving average of $125.92. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.58 and a quick ratio of 0.58. Prologis, Inc. has a one year low of $85.35 and a one year high of $143.95. The company has a market cap of $126.59 billion, a P/E ratio of 38.36, a P/E/G ratio of 3.34 and a beta of 1.41.

Prologis (NYSE:PLD) last issued its earnings results on Wednesday, January 21st. The real estate investment trust reported $1.44 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.44. Prologis had a return on equity of 5.79% and a net margin of 37.86%.The firm had revenue of $2.25 billion for the quarter, compared to the consensus estimate of $2.09 billion. During the same quarter last year, the business posted $1.42 EPS. The company’s revenue was up 7.8% compared to the same quarter last year. Prologis has set its FY 2026 guidance at 6.000-6.200 EPS. Research analysts forecast that Prologis, Inc. will post 5.73 EPS for the current fiscal year.

Prologis Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 17th will be paid a $1.07 dividend. This represents a $4.28 annualized dividend and a yield of 3.1%. This is a boost from Prologis’s previous quarterly dividend of $1.01. The ex-dividend date of this dividend is Tuesday, March 17th. Prologis’s payout ratio is 113.80%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on PLD. Robert W. Baird reissued a “neutral” rating and set a $130.00 price target (up from $128.00) on shares of Prologis in a research report on Thursday, January 8th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Prologis in a research report on Monday, December 29th. Royal Bank Of Canada increased their target price on Prologis from $132.00 to $135.00 and gave the stock a “sector perform” rating in a report on Monday, February 2nd. Mizuho raised their price target on Prologis from $138.00 to $143.00 and gave the stock an “outperform” rating in a research report on Monday, January 26th. Finally, UBS Group boosted their price target on Prologis from $144.00 to $148.00 and gave the company a “buy” rating in a research note on Thursday, January 22nd. Fourteen investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat, Prologis presently has an average rating of “Moderate Buy” and a consensus target price of $137.20.

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.