7,000 Prologis, Inc. $PLD Shares Sold by Pensionfund PDN

Pensionfund PDN lowered its holdings in Prologis, Inc. (NYSE:PLD) by 5.4% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 122,053 shares of the real estate investment trust’s stock after selling 7,000 shares during the quarter. Prologis makes up about 6.4% of Pensionfund PDN’s investment portfolio, making the stock its 3rd largest holding. Pensionfund PDN’s holdings in Prologis were worth $15,847,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the business. BlackRock Inc. purchased a new stake in Prologis in the second quarter worth $14,006,587,000. Capital Research Global Investors raised its holdings in Prologis by 4.4% in the 4th quarter. Capital Research Global Investors now owns 16,061,390 shares of the real estate investment trust’s stock worth $2,050,397,000 after purchasing an additional 678,363 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Prologis by 4.4% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 14,753,884 shares of the real estate investment trust’s stock worth $1,998,709,000 after purchasing an additional 618,467 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of Prologis by 1.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 11,565,453 shares of the real estate investment trust’s stock worth $1,528,636,000 after purchasing an additional 110,681 shares during the period. Finally, Cardano Risk Management B.V. boosted its stake in shares of Prologis by 999.3% during the 4th quarter. Cardano Risk Management B.V. now owns 11,228,730 shares of the real estate investment trust’s stock valued at $1,433,460,000 after purchasing an additional 10,207,267 shares in the last quarter. 93.50% of the stock is owned by hedge funds and other institutional investors.

Prologis Stock Down 0.2%

NYSE:PLD traded down $0.26 during trading hours on Monday, reaching $128.65. 1,071,350 shares of the company traded hands, compared to its average volume of 3,747,873. The business’s 50-day moving average price is $138.50 and its two-hundred day moving average price is $139.99. The stock has a market capitalization of $120.04 billion, a P/E ratio of 28.68 and a beta of 1.31. Prologis, Inc. has a 1 year low of $111.03 and a 1 year high of $153.35. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.63.

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

Prologis Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Wednesday, September 16th were given a dividend of $1.07 per share. This represents a $4.28 annualized dividend and a yield of 3.3%. The ex-dividend date of this dividend was Wednesday, September 16th. Prologis’s dividend payout ratio is 95.32%.

Analysts Set New Price Targets

A number of research firms recently issued reports on PLD. Robert W. Baird set a $140.00 price target on shares of Prologis in a research note on Friday, July 31st. Wells Fargo & Company reduced their target price on Prologis from $167.00 to $166.00 and set an “overweight” rating on the stock in a report on Tuesday, September 1st. BMO Capital Markets lowered their target price on Prologis from $162.00 to $158.00 and set an “outperform” rating for the company in a research note on Monday, June 29th. Royal Bank Of Canada upgraded Prologis from a “sector perform” rating to an “outperform” rating and lifted their price target for the company from $148.00 to $160.00 in a research report on Tuesday, August 4th. Finally, Raymond James Financial initiated coverage on Prologis in a research note on Thursday, June 18th. They issued a “market perform” rating on the stock. Sixteen analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $154.52.

Prologis Company Profile

Prologis, Inc (NYSE: PLD) is a global logistics real estate company that owns, develops, acquires and manages distribution facilities, warehouses and other properties used throughout the supply chain. Its portfolio serves manufacturers, retailers, transportation providers and third-party logistics companies.

The company provides logistics real estate and related services in key markets across North America, Europe, Asia and Latin America. Its properties are generally located near major population centers, transportation hubs, ports and trade corridors, supporting e-commerce, industrial and distribution operations.

Prologis traces its roots to 1983 and was created in its current form through the 1999 merger of ProLogis and Security Capital Industrial Trust.