Arizona State Retirement System Has $33.38 Million Stock Position in Prologis, Inc. $PLD

Key Points

• Arizona State Retirement System trimmed its stake in Prologis by 3.5% in Q4, selling 9,546 shares and leaving it with 261,441 shares valued at about $33.38 million.
• Analyst sentiment is broadly positive with multiple banks raising price targets (e.g., Bank of America to $162, Citi to $165), leaving an average rating of Moderate Buy and an average target price of $146.57.
• Prologis beat Q1 estimates—$1.05 EPS vs. $0.81 expected and $2.30B revenue vs. $2.12B—issued FY2026 EPS guidance of 6.070–6.230, and raised its quarterly dividend to $1.07 (annual $4.28, ~3.0% yield).

Arizona State Retirement System trimmed its holdings in Prologis, Inc. (NYSE:PLD - Free Report) by 3.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 261,441 shares of the real estate investment trust's stock after selling 9,546 shares during the quarter. Arizona State Retirement System's holdings in Prologis were worth $33,376,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in PLD. Brighton Jones LLC lifted its stake in shares of Prologis by 629.0% in the 4th quarter. Brighton Jones LLC now owns 17,475 shares of the real estate investment trust's stock valued at $1,847,000 after purchasing an additional 15,078 shares during the period. Schnieders Capital Management LLC. lifted its stake in shares of Prologis by 45.4% in 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. Walleye Capital LLC acquired a new position in shares of Prologis in the 2nd quarter valued at about $422,000. NewEdge Advisors LLC raised its holdings in shares of Prologis by 6.8% during the second quarter. NewEdge Advisors LLC now owns 63,829 shares of the real estate investment trust's stock valued at $6,710,000 after purchasing an additional 4,074 shares during the period. Finally, Treasurer of the State of North Carolina raised its holdings in shares of Prologis by 2.4% during the second quarter. Treasurer of the State of North Carolina now owns 433,312 shares of the real estate investment trust's stock valued at $45,550,000 after purchasing an additional 10,266 shares during the period. 93.50% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on PLD. Weiss Ratings lowered shares of Prologis from a "buy (b-)" rating to a "hold (c+)" rating in a report on Thursday, April 16th. Wall Street Zen upgraded shares of Prologis from a "sell" rating to a "hold" rating in a report on Saturday, April 18th. Bank of America upped their price objective on shares of Prologis from $153.00 to $162.00 and gave the company a "buy" rating in a report on Monday. Citigroup upped their price objective on shares of Prologis from $145.00 to $165.00 and gave the company a "buy" rating in a report on Tuesday. Finally, BMO Capital Markets reiterated a "market perform" rating and set a $123.00 price objective on shares of Prologis in a report on Thursday, January 22nd. Fourteen research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $146.57.

Trending Headlines about Prologis

Here are the key news stories impacting Prologis this week:

• Positive Sentiment: Major bank upgrade activity: Bank of America raised its price target to $162, signaling stronger upside for PLD on continued demand for logistics real estate. Read More.
• Positive Sentiment: DA Davidson bumped its target to $160 and kept a buy stance, reinforcing analyst conviction in Prologis’ growth and cash-flow trajectory. Read More.
• Positive Sentiment: JPMorgan raised its price target to $157, another institutional vote of confidence that supports upside expectations for PLD. Read More.
• Positive Sentiment: Scotiabank increased its target to $154, adding to the cluster of analyst upgrades that help lift investor sentiment. Read More.
• Positive Sentiment: Mizuho raised its target to $150 and maintained an outperform rating, reinforcing consensus momentum among brokers. Read More.
• Positive Sentiment: Jefferies reiterated its buy rating on Prologis, keeping institutional support steady. Read More.
• Positive Sentiment: Analyst consensus remains overweight/moderate-buy, reflecting broad-based expectations for continued earnings power and cash flow. Read More.
• Positive Sentiment: Company Q1 investor presentation reiterated strong Q1 results, solid leasing trends and FY guidance, supporting the fundamental case for PLD. Read More.
• Neutral Sentiment: Prologis priced a $1.25 billion senior unsecured notes offering (various maturities). This raises liquidity but increases debt; investors will watch use of proceeds and interest costs for impact on leverage. Read More.
• Neutral Sentiment: Sector note — Crown Castle (CCI) reported Q1 AFFO and revenue beats, indicating resilience in the broader towers/communications & logistics REIT complex, which can be a modest tailwind for PLD sentiment. Read More.

Prologis Trading Up 0.7%

NYSE PLD opened at $142.40 on Friday. The firm has a market capitalization of $132.75 billion, a P/E ratio of 35.87, a PEG ratio of 3.13 and a beta of 1.40. The business has a fifty day simple moving average of $136.63 and a 200 day simple moving average of $130.48. Prologis, Inc. has a 12 month low of $100.22 and a 12 month high of $145.44. The company has a current ratio of 0.16, a quick ratio of 0.58 and a debt-to-equity ratio of 0.60.

Prologis (NYSE:PLD - Get Free Report) last released its quarterly earnings results on Thursday, April 16th. The real estate investment trust reported $1.05 EPS for the quarter, beating analysts' consensus estimates of $0.81 by $0.24. The business had revenue of $2.30 billion during the quarter, compared to analyst estimates of $2.12 billion. Prologis had a return on equity of 6.46% and a net margin of 41.54%.Prologis's quarterly revenue was up 6.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.43 EPS. Prologis has set its FY 2026 guidance at 6.070-6.230 EPS. On average, analysts predict that Prologis, Inc. will post 6.15 EPS for the current fiscal year.

Prologis Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Tuesday, March 17th were given a $1.07 dividend. This represents a $4.28 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend was Tuesday, March 17th. This is an increase from Prologis's previous quarterly dividend of $1.01. Prologis's 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.

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