California Public Employees Retirement System Reduces Position in Prologis, Inc. $PLD

California Public Employees Retirement System decreased its stake in shares of Prologis, Inc. (NYSE:PLD) by 20.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,946,118 shares of the real estate investment trust’s stock after selling 486,148 shares during the period. California Public Employees Retirement System’s holdings in Prologis were worth $257,238,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Norges Bank bought a new stake in Prologis during the fourth quarter valued at about $1,589,125,000. Cardano Risk Management B.V. boosted its position in shares of Prologis by 999.3% in the fourth quarter. Cardano Risk Management B.V. now owns 11,228,730 shares of the real estate investment trust’s stock worth $1,433,460,000 after purchasing an additional 10,207,267 shares during the period. Swedbank AB increased its stake in shares of Prologis by 36.2% in the fourth quarter. Swedbank AB now owns 7,664,583 shares of the real estate investment trust’s stock worth $978,461,000 after purchasing an additional 2,038,329 shares in the last quarter. Bessemer Group Inc. increased its stake in shares of Prologis by 8,000.9% in the fourth quarter. Bessemer Group Inc. now owns 1,595,963 shares of the real estate investment trust’s stock worth $203,741,000 after purchasing an additional 1,576,262 shares in the last quarter. Finally, Vanguard Group Inc. raised its position in shares of Prologis by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 123,323,290 shares of the real estate investment trust’s stock valued at $15,743,451,000 after purchasing an additional 1,258,407 shares during the period. Hedge funds and other institutional investors own 93.50% of the company’s stock.

Key Headlines Impacting Prologis

Here are the key news stories impacting Prologis this week:

• Positive Sentiment: Prologis reported Q2 results above expectations, with strong rental income, record leasing, and occupancy remaining solid, which supports confidence in near-term cash flow and earnings growth.
• Positive Sentiment: The company raised its 2026 earnings guidance again, signaling that management sees stronger-than-expected operating momentum and improving fundamentals across the portfolio. Prologis Reports Second Quarter 2026 Results
• Positive Sentiment: Analysts and market commentary are focusing on Prologis’ expanding role in AI-related logistics and data center infrastructure, which could open a new long-term growth avenue and lift investor sentiment. PLD Q2 Earnings Call Shows Growth Across Logistics, Data Centers
• Neutral Sentiment: Some commentary notes that the stock’s valuation is already rich after a strong run, which may limit upside if growth expectations cool. Prologis: AI Creates An Opportunity, But The Price Is High
• Negative Sentiment: Valuation concerns could create some near-term pressure as investors weigh whether the recent rally has already priced in much of the earnings upgrade and AI-related optimism.

Insider Transactions at Prologis

In other Prologis news, CFO Timothy D. Arndt sold 3,597 shares of Prologis stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $150.00, for a total value of $539,550.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 0.52% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on PLD shares. Scotiabank cut shares of Prologis from a “sector outperform” rating to a “sector perform” rating and lowered their target price for the company from $154.00 to $146.00 in a research note on Thursday, June 18th. Wells Fargo & Company increased their price target on Prologis from $155.00 to $167.00 and gave the stock an “overweight” rating in a research note on Monday, June 1st. Argus raised their price target on Prologis from $135.00 to $152.00 and gave the company a “buy” rating in a report on Friday, April 17th. Citigroup boosted their price objective on Prologis from $145.00 to $165.00 and gave the company a “buy” rating in a research report on Tuesday, April 21st. Finally, Bank of America upped their price objective on Prologis from $153.00 to $162.00 and gave the stock a “buy” rating in a research note on Monday, April 20th. Fifteen investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $153.24.

Prologis Stock Performance

PLD opened at $149.65 on Friday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.51 and a current ratio of 0.27. The stock has a market capitalization of $139.53 billion, a price-to-earnings ratio of 33.33 and a beta of 1.32. The company has a fifty day moving average of $143.14 and a 200 day moving average of $137.90. Prologis, Inc. has a fifty-two week low of $103.41 and a fifty-two week high of $153.35.

Prologis (NYSE:PLD) last released its quarterly earnings data on Thursday, July 16th. The real estate investment trust reported $1.13 EPS for the quarter, beating the consensus estimate of $0.75 by $0.38. The business had revenue of $2.43 billion during the quarter, compared to the consensus estimate of $2.16 billion. Prologis had a net margin of 45.79% and a return on equity of 7.29%. The business’s revenue was up 11.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.46 EPS. Prologis has set its FY 2026 guidance at 6.220-6.300 EPS. As a group, sell-side analysts forecast that Prologis, Inc. will post 6.26 earnings per share for the current fiscal year.

Prologis Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 16th were issued a dividend of $1.07 per share. This represents a $4.28 annualized dividend and a yield of 2.9%. The ex-dividend date was Tuesday, June 16th. Prologis’s dividend payout ratio (DPR) 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.