Royal London Asset Management Ltd. Raises Position in Prologis, Inc. $PLD

Royal London Asset Management Ltd. grew its holdings in shares of Prologis, Inc. (NYSE:PLD) by 0.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 773,287 shares of the real estate investment trust’s stock after purchasing an additional 4,754 shares during the quarter. Royal London Asset Management Ltd. owned approximately 0.08% of Prologis worth $98,718,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the business. Victory Capital Management Inc. lifted its stake in shares of Prologis by 2.0% during the 4th quarter. Victory Capital Management Inc. now owns 862,498 shares of the real estate investment trust’s stock worth $110,107,000 after purchasing an additional 16,942 shares during the period. Boston Family Office LLC purchased a new position in shares of Prologis during the 4th quarter worth $317,000. Ieq Capital LLC lifted its stake in shares of Prologis by 140.8% during the 4th quarter. Ieq Capital LLC now owns 92,260 shares of the real estate investment trust’s stock worth $11,778,000 after purchasing an additional 53,946 shares during the period. Vontobel Holding Ltd. lifted its stake in shares of Prologis by 2.2% during the 4th quarter. Vontobel Holding Ltd. now owns 124,020 shares of the real estate investment trust’s stock worth $15,832,000 after purchasing an additional 2,643 shares during the period. Finally, First National Bank of Omaha purchased a new position in shares of Prologis during the 4th quarter worth $2,464,000. Hedge funds and other institutional investors own 93.50% of the company’s stock.

Prologis Stock Up 0.9%

Shares of NYSE PLD opened at $148.49 on Friday. Prologis, Inc. has a 12-month low of $103.41 and a 12-month high of $149.70. The company has a market cap of $138.44 billion, a P/E ratio of 37.40, a P/E/G ratio of 3.24 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 stock has a fifty day moving average price of $141.99 and a 200 day moving average price of $135.51.

Prologis (NYSE:PLD) last announced its quarterly earnings results on Thursday, April 16th. The real estate investment trust reported $1.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.24. Prologis had a return on equity of 6.47% and a net margin of 41.54%.The firm had revenue of $2.30 billion during the quarter, compared to the consensus estimate of $2.12 billion. During the same period in the prior year, the firm earned $1.43 EPS. The firm’s quarterly revenue was up 6.9% compared to the same quarter last year. Prologis has set its FY 2026 guidance at 6.070-6.230 EPS. Research analysts anticipate that Prologis, Inc. will post 6.18 EPS for the current fiscal year.

Prologis Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 16th will be given a $1.07 dividend. This represents a $4.28 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend is Tuesday, June 16th. Prologis’s dividend payout ratio is presently 107.81%.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. The Goldman Sachs Group reissued a “neutral” rating and set a $157.00 price target on shares of Prologis in a research note on Friday, April 17th. Wells Fargo & Company upped their price objective on Prologis from $155.00 to $167.00 and gave the stock an “overweight” rating in a report on Monday, June 1st. Royal Bank Of Canada upped their price objective on Prologis from $135.00 to $148.00 and gave the stock a “sector perform” rating in a report on Tuesday, April 28th. BNP Paribas Exane upped their price objective on Prologis from $140.00 to $150.00 and gave the stock an “outperform” rating in a report on Friday, April 17th. Finally, Mizuho upped their price objective on Prologis from $143.00 to $150.00 and gave the stock an “outperform” rating in a report on Wednesday, April 22nd. Sixteen investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $151.86.

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.