Prologis, Inc. $PLD Shares Bought by Principal Financial Group Inc.

Key Points

• Principal Financial Group raised its Prologis stake by 1.3% in Q4 to 10,946,760 shares — about 1.18% of the company worth roughly $1.397 billion, making PLD its 25th-largest holding.
• Prologis beat Q1 estimates with $1.05 EPS (vs. $0.81 expected) and $2.30B revenue, set FY2026 guidance of 6.07–6.23 EPS, and holds an average analyst rating of “Moderate Buy” with a $147.90 target.
• The company declared a quarterly dividend of $1.07 (annualized $4.28) for a ~3.1% yield, though its payout ratio is elevated at 107.81%.

Principal Financial Group Inc. raised its holdings in Prologis, Inc. (NYSE:PLD - Free Report) by 1.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 10,946,760 shares of the real estate investment trust's stock after purchasing an additional 135,912 shares during the quarter. Prologis comprises approximately 0.7% of Principal Financial Group Inc.'s portfolio, making the stock its 25th largest holding. Principal Financial Group Inc. owned about 1.18% of Prologis worth $1,397,467,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the business. QRG Capital Management Inc. increased its stake in Prologis by 11.1% in the fourth quarter. QRG Capital Management Inc. now owns 109,004 shares of the real estate investment trust's stock valued at $13,915,000 after purchasing an additional 10,851 shares during the period. Pinnacle Wealth Management Advisory Group LLC increased its stake in shares of Prologis by 76.8% during the fourth quarter. Pinnacle Wealth Management Advisory Group LLC now owns 4,836 shares of the real estate investment trust's stock worth $617,000 after acquiring an additional 2,101 shares during the period. Varma Mutual Pension Insurance Co increased its stake in shares of Prologis by 0.7% during the fourth quarter. Varma Mutual Pension Insurance Co now owns 179,946 shares of the real estate investment trust's stock worth $22,972,000 after acquiring an additional 1,300 shares during the period. Truist Financial Corp increased its stake in shares of Prologis by 2.2% during the fourth quarter. Truist Financial Corp now owns 335,022 shares of the real estate investment trust's stock worth $42,769,000 after acquiring an additional 7,359 shares during the period. Finally, Avidian Wealth Enterprises LLC increased its stake in shares of Prologis by 16.2% during the fourth quarter. Avidian Wealth Enterprises LLC now owns 2,256 shares of the real estate investment trust's stock worth $288,000 after acquiring an additional 315 shares during the period. 93.50% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. Mizuho boosted their price target on shares of Prologis from $143.00 to $150.00 and gave the stock an "outperform" rating in a research note on Wednesday, April 22nd. Truist Financial boosted their price target on shares of Prologis from $139.00 to $154.00 and gave the stock a "buy" rating in a research note on Friday, April 24th. BTIG Research reiterated a "buy" rating and set a $155.00 price target on shares of Prologis in a research note on Wednesday, April 15th. Argus boosted their price target on shares of Prologis from $135.00 to $152.00 and gave the stock a "buy" rating in a research note on Friday, April 17th. Finally, Evercore set a $135.00 price target on shares of Prologis in a research note on Friday, April 17th. Fifteen analysts have rated the stock with a Buy rating and six have given a Hold rating to the company's stock. According to data from MarketBeat.com, Prologis presently has an average rating of "Moderate Buy" and an average price target of $147.90.

Prologis Stock Down 1.9%

PLD stock opened at $138.73 on Tuesday. The company has a market cap of $129.33 billion, a P/E ratio of 34.94, a P/E/G ratio of 3.12 and a beta of 1.33. Prologis, Inc. has a 52 week low of $103.02 and a 52 week high of $145.44. The company's 50-day moving average price is $136.77 and its 200 day moving average price is $131.63. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.60.

Prologis (NYSE:PLD - Get Free Report) last released its quarterly earnings data on Thursday, April 16th. The real estate investment trust reported $1.05 EPS for the quarter, topping analysts' consensus estimates of $0.81 by $0.24. The firm had revenue of $2.30 billion for the quarter, compared to the consensus estimate of $2.12 billion. Prologis had a net margin of 41.54% and a return on equity of 6.47%. The firm's revenue was up 6.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.43 earnings per share. Prologis has set its FY 2026 guidance at 6.070-6.230 EPS. On average, research analysts expect that Prologis, Inc. will post 6.17 earnings per share for the current fiscal year.

Prologis Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 16th will be issued a dividend of $1.07 per share. The ex-dividend date of this dividend is Tuesday, June 16th. This represents a $4.28 dividend on an annualized basis and a yield of 3.1%. Prologis's payout ratio is currently 107.81%.

Prologis Company 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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