National Pension Service Buys 29,124 Shares of Prologis, Inc. $PLD

National Pension Service increased its position in Prologis, Inc. (NYSE:PLD) by 1.0% in the 2nd quarter, HoldingsChannel reports. The fund owned 2,832,204 shares of the real estate investment trust’s stock after buying an additional 29,124 shares during the quarter. National Pension Service’s holdings in Prologis were worth $383,679,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in PLD. Schnieders Capital Management LLC. raised its stake in Prologis by 45.4% during the 2nd quarter. Schnieders Capital Management LLC. now owns 10,728 shares of the real estate investment trust’s stock valued at $1,128,000 after purchasing an additional 3,350 shares during the period. Callan Family Office LLC purchased a new position in Prologis in the 2nd quarter worth approximately $3,394,000. BlackRock Inc. bought a new position in Prologis in the 2nd quarter worth approximately $14,006,587,000. AssuredPartners Investment Advisors LLC bought a new position in Prologis in the 2nd quarter worth approximately $3,436,000. Finally, The Manufacturers Life Insurance Company grew its holdings in Prologis by 4.5% during the 1st quarter. The Manufacturers Life Insurance Company now owns 772,814 shares of the real estate investment trust’s stock valued at $102,151,000 after buying an additional 33,172 shares in the last quarter. Institutional investors own 93.50% of the company’s stock.

Prologis Trading Down 2.1%

PLD stock opened at $135.57 on Thursday. The firm has a fifty day moving average price of $142.07 and a 200 day moving average price of $140.53. Prologis, Inc. has a fifty-two week low of $110.60 and a fifty-two week high of $153.35. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.70 and a current ratio of 0.70. The firm has a market cap of $126.50 billion, a PE ratio of 30.19 and a beta of 1.30.

Prologis (NYSE:PLD) last released its quarterly earnings results on Thursday, July 16th. The real estate investment trust reported $1.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.75 by $0.38. Prologis had a net margin of 45.79% and a return on equity of 7.29%. The company had revenue of $2.43 billion for the quarter, compared to the consensus estimate of $2.16 billion. During the same quarter in the prior year, the firm earned $1.46 earnings per share. Prologis’s revenue was up 11.0% on a year-over-year basis. Prologis has set its FY 2026 guidance at 6.220-6.300 EPS. Sell-side analysts anticipate that Prologis, Inc. will post 6.27 earnings per share for the current fiscal year.

Prologis Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 16th will be given a dividend of $1.07 per share. This represents a $4.28 annualized dividend and a dividend yield of 3.2%. The ex-dividend date is Wednesday, September 16th. Prologis’s dividend payout ratio is currently 95.32%.

Insider Activity

In other news, CFO Timothy Arndt sold 3,597 shares of the company’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $150.00, for a total transaction of $539,550.00. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.52% of the company’s stock.

Wall Street Analyst Weigh In

PLD has been the topic of several research analyst reports. Truist Financial boosted their target price on shares of Prologis from $154.00 to $162.00 and gave the stock a “buy” rating in a report on Tuesday, July 21st. Robert W. Baird set a $140.00 target price on shares of Prologis in a research note on Friday, July 31st. Wells Fargo & Company reduced their price target on shares of Prologis from $167.00 to $166.00 and set an “overweight” rating on the stock in a report on Tuesday, September 1st. Royal Bank Of Canada upgraded shares of Prologis from a “sector perform” rating to an “outperform” rating and boosted their price target for the stock from $148.00 to $160.00 in a research note on Tuesday, August 4th. Finally, Morgan Stanley increased their price objective on shares of Prologis from $135.00 to $151.00 and gave the company an “equal weight” rating in a report on Tuesday, May 26th. Sixteen research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $154.52.

Prologis Profile

Prologis, Inc is a global real estate investment trust (REIT) that owns, develops, acquires and manages logistics and industrial properties. Its portfolio is designed to support supply-chain operations and includes distribution centers, warehouses, fulfillment facilities and other industrial buildings used by manufacturers, retailers, transportation companies and logistics providers.

The company also provides related property and business services, including facility management, leasing, development and customer-focused solutions through its Prologis Essentials platform.