Vestcor Inc Sells 23,644 Shares of Prologis, Inc. $PLD

Vestcor Inc lowered its holdings in Prologis, Inc. (NYSE:PLD) by 14.0% during the 4th quarter, HoldingsChannel.com reports. The firm owned 145,379 shares of the real estate investment trust’s stock after selling 23,644 shares during the quarter. Vestcor Inc’s holdings in Prologis were worth $18,559,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in PLD. Ares Financial Consulting LLC bought a new stake in Prologis during the 4th quarter worth approximately $26,000. High Point Wealth Management LLC bought a new position in Prologis in the fourth quarter valued at $26,000. Eagle Bay Advisors LLC purchased a new position in shares of Prologis during the 4th quarter valued at about $27,000. High Note Wealth LLC raised its stake in shares of Prologis by 43.9% during the fourth quarter. High Note Wealth LLC now owns 249 shares of the real estate investment trust’s stock worth $32,000 after acquiring an additional 76 shares in the last quarter. Finally, True Wealth Design LLC raised its position in Prologis by 87.1% in the 4th quarter. True Wealth Design LLC now owns 262 shares of the real estate investment trust’s stock worth $33,000 after purchasing an additional 122 shares during the period. 93.50% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have weighed in on PLD shares. Robert W. Baird boosted 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. JPMorgan Chase & Co. increased their price target on shares of Prologis from $141.00 to $157.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 21st. Morgan Stanley raised their price objective on Prologis from $135.00 to $151.00 and gave the company an “equal weight” rating in a research report on Tuesday, May 26th. Citigroup lifted their price objective on Prologis from $145.00 to $165.00 and gave the company a “buy” rating in a research note on Tuesday, April 21st. Finally, UBS Group raised their price target on shares of Prologis from $148.00 to $161.00 and gave the company a “buy” rating in a research report on Friday, April 17th. Sixteen research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Prologis currently has a consensus rating of “Moderate Buy” and an average target price of $151.86.

Prologis Stock Up 0.6%

PLD opened at $144.69 on Friday. The company has a market capitalization of $134.90 billion, a PE ratio of 36.45, a PEG ratio of 3.16 and a beta of 1.32. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.60. The firm’s 50 day simple moving average is $140.40 and its two-hundred day simple moving average is $134.72. Prologis, Inc. has a 1-year low of $103.41 and a 1-year high of $147.93.

Prologis (NYSE:PLD) last issued its quarterly earnings results on Thursday, April 16th. The real estate investment trust reported $1.05 EPS for the quarter, topping analysts’ consensus estimates of $0.81 by $0.24. The business had revenue of $2.30 billion during the quarter, compared to analysts’ expectations of $2.12 billion. Prologis had a return on equity of 6.47% and a net margin of 41.54%.The business’s quarterly revenue was up 6.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.43 earnings per share. Prologis has set its FY 2026 guidance at 6.070-6.230 EPS. As a group, equities analysts forecast that Prologis, Inc. will post 6.18 EPS 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 of this dividend is Tuesday, June 16th. This represents a $4.28 annualized dividend and a yield of 3.0%. Prologis’s dividend payout ratio is currently 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.