National Pension Service Increases Stock Position in Prologis, Inc. $PLD

Key Points

• National Pension Service increased its Prologis stake by 1% in the second quarter, bringing its holdings to 2.83 million shares valued at approximately $383.7 million. Institutional investors collectively own 93.5% of the company.
• Prologis reported quarterly revenue of $2.43 billion and EPS of $1.13, exceeding analyst estimates, while revenue rose 11% year over year. The company declared a quarterly dividend of $1.07 per share, representing a 3.2% annualized yield.
• Analysts maintain a “Moderate Buy” consensus on PLD, with an average price target of $154.52 versus a recent share price of $135.57.

National Pension Service boosted its holdings in Prologis, Inc. (NYSE:PLD - Free Report) by 1.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,832,204 shares of the real estate investment trust's stock after acquiring an additional 29,124 shares during the quarter. National Pension Service owned 0.30% of Prologis worth $383,679,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in PLD. Brighton Jones LLC increased its holdings in Prologis by 629.0% in the 4th quarter. Brighton Jones LLC now owns 17,475 shares of the real estate investment trust's stock worth $1,847,000 after buying an additional 15,078 shares in the last quarter. Schnieders Capital Management LLC. lifted 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 acquiring an additional 3,350 shares during the period. Walleye Capital LLC purchased a new stake in shares of Prologis during the 2nd quarter valued at about $422,000. NewEdge Advisors LLC boosted its holdings in shares of Prologis by 6.8% during the 2nd quarter. NewEdge Advisors LLC now owns 63,829 shares of the real estate investment trust's stock valued at $6,710,000 after acquiring an additional 4,074 shares during the last quarter. Finally, Treasurer of the State of North Carolina grew its stake in shares of Prologis by 2.4% in the second quarter. Treasurer of the State of North Carolina now owns 433,312 shares of the real estate investment trust's stock worth $45,550,000 after acquiring an additional 10,266 shares during the period. 93.50% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Prologis

In other news, CFO Timothy Arndt sold 3,597 shares of the company's stock in a transaction 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 document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.52% of the stock is owned by company insiders.

Prologis Price Performance

Shares of NYSE:PLD opened at $135.57 on Thursday. The firm's 50 day moving average price is $142.07 and its 200-day moving average price is $140.53. Prologis, Inc. has a twelve month low of $110.60 and a twelve month high of $153.35. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.63. The stock has a market capitalization of $126.50 billion, a PE ratio of 30.19 and a beta of 1.30.

Prologis (NYSE:PLD - Get Free Report) last announced its earnings results on Thursday, July 16th. The real estate investment trust reported $1.13 earnings per share (EPS) for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $2.16 billion. During the same period in the previous year, the business posted $1.46 earnings per share. The firm's quarterly revenue was up 11.0% compared to the same quarter last year. Prologis has set its FY 2026 guidance at 6.220-6.300 EPS. Equities research analysts expect that Prologis, Inc. will post 6.27 EPS for the current year.

Prologis Announces Dividend

The firm also recently disclosed 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. The ex-dividend date of this dividend is Wednesday, September 16th. This represents a $4.28 dividend on an annualized basis and a dividend yield of 3.2%. Prologis's payout ratio is presently 95.32%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Truist Financial boosted their price objective on shares of Prologis from $154.00 to $162.00 and gave the company 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 report on Friday, July 31st. Scotiabank lifted their target price on shares of Prologis from $146.00 to $150.00 and gave the stock a "sector perform" rating in a research report on Thursday, July 23rd. BMO Capital Markets decreased their target price on shares of Prologis from $162.00 to $158.00 and set an "outperform" rating for the company in a research note on Monday, June 29th. Finally, Barclays increased their price target on Prologis from $139.00 to $156.00 and gave the company an "overweight" rating in a report on Thursday, July 16th. Sixteen analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target 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.

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