Mitsubishi UFJ Asset Management Co. Ltd. Acquires 135,281 Shares of Prologis, Inc. $PLD

Mitsubishi UFJ Asset Management Co. Ltd. grew its position in shares of Prologis, Inc. (NYSE:PLD - Free Report) by 5.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,685,351 shares of the real estate investment trust's stock after purchasing an additional 135,281 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 0.29% of Prologis worth $346,545,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Providence First Trust Co purchased a new stake in Prologis during the fourth quarter valued at $400,000. Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in shares of Prologis by 4.8% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 335,187 shares of the real estate investment trust's stock worth $42,790,000 after buying an additional 15,335 shares in the last quarter. Garner Asset Management Corp bought a new stake in shares of Prologis in the 4th quarter worth about $40,000. Principal Financial Group Inc. increased its holdings in shares of Prologis by 1.3% in the 4th quarter. Principal Financial Group Inc. now owns 10,946,760 shares of the real estate investment trust's stock worth $1,397,467,000 after buying an additional 135,912 shares during the last quarter. Finally, QRG Capital Management Inc. raised its position in shares of Prologis by 11.1% during the 4th quarter. QRG Capital Management Inc. now owns 109,004 shares of the real estate investment trust's stock valued at $13,915,000 after buying an additional 10,851 shares in the last quarter. 93.50% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms recently commented on PLD. Evercore set a $135.00 price target on Prologis in a research report on Friday, April 17th. Robert W. Baird boosted their target price on Prologis from $133.00 to $136.00 and gave the company a "neutral" rating in a research report on Friday, April 17th. BNP Paribas Exane raised their price target on Prologis from $140.00 to $150.00 and gave the stock an "outperform" rating in a research note on Friday, April 17th. DA Davidson boosted their price objective on Prologis from $140.00 to $160.00 and gave the company a "buy" rating in a report on Tuesday, April 21st. Finally, Argus increased their target price on Prologis from $135.00 to $152.00 and gave the stock a "buy" rating in a research note on Friday, April 17th. Fifteen investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, Prologis presently has a consensus rating of "Moderate Buy" and an average target price of $147.90.

Prologis Price Performance

Shares of PLD stock opened at $140.27 on Wednesday. The company has a market capitalization of $130.78 billion, a P/E ratio of 35.33, a P/E/G ratio of 3.06 and a beta of 1.33. The company's 50-day simple moving average is $136.75 and its two-hundred day simple moving average is $131.76. Prologis, Inc. has a one year low of $103.02 and a one year high of $145.44. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.51 and a quick ratio of 0.51.

Prologis (NYSE:PLD - Get Free Report) 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 analysts' consensus estimates 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 analyst estimates of $2.12 billion. During the same quarter in the previous year, the business earned $1.43 earnings per share. Prologis's quarterly revenue was up 6.9% on a year-over-year basis. Prologis has set its FY 2026 guidance at 6.070-6.230 EPS. As a group, equities analysts anticipate that Prologis, Inc. will post 6.17 EPS for the current year.

Prologis Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 16th will be paid a $1.07 dividend. The ex-dividend date is Tuesday, June 16th. This represents a $4.28 dividend on an annualized basis and a yield of 3.1%. Prologis's dividend payout ratio (DPR) is 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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