California State Teachers Retirement System Lowers Position in Prologis, Inc. $PLD

California State Teachers Retirement System reduced its holdings in shares of Prologis, Inc. (NYSE:PLD - Free Report) by 1.6% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,398,493 shares of the real estate investment trust's stock after selling 22,245 shares during the quarter. California State Teachers Retirement System owned 0.15% of Prologis worth $189,453,847 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. BlackRock Inc. purchased a new stake in shares of Prologis during the second quarter worth $14,006,587,000. Geode Capital Management LLC boosted its position in shares of Prologis by 1.5% during the 4th quarter. Geode Capital Management LLC now owns 23,012,940 shares of the real estate investment trust's stock valued at $2,925,791,000 after purchasing an additional 339,906 shares in the last quarter. Capital Research Global Investors lifted its stake in Prologis by 4.4% in the fourth quarter. Capital Research Global Investors now owns 16,061,390 shares of the real estate investment trust's stock valued at $2,050,397,000 after acquiring an additional 678,363 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Prologis by 4.4% during the second 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 valued at $1,998,709,000 after purchasing an additional 618,467 shares in the last quarter. Finally, Norges Bank bought a new stake in shares of Prologis in the 4th quarter valued at about $1,589,125,000. Institutional investors own 93.50% of the company's stock.

Prologis Price Performance

Shares of PLD traded up $0.64 during trading hours on Tuesday, reaching $135.83. 1,614,429 shares of the company's stock traded hands, compared to its average volume of 3,741,291. The firm's 50 day simple moving average is $141.80 and its 200-day simple moving average is $140.41. Prologis, Inc. has a 12 month low of $111.03 and a 12 month 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. The stock has a market cap of $126.74 billion, a PE ratio of 30.27 and a beta of 1.30.

Prologis (NYSE:PLD - Get Free Report) last released its quarterly earnings data on Thursday, July 16th. The real estate investment trust reported $1.13 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 quarter in the previous year, the company posted $1.46 EPS. The company's 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 analysts expect that Prologis, Inc. will post 6.27 EPS for the current year.

Prologis Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 16th will be paid a $1.07 dividend. This represents a $4.28 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date is Wednesday, September 16th. Prologis's dividend payout ratio (DPR) is presently 95.32%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Scotiabank raised their price objective on Prologis from $146.00 to $150.00 and gave the company a "sector perform" rating in a research note on Thursday, July 23rd. BTIG Research boosted their price objective on shares of Prologis from $160.00 to $170.00 and gave the company a "buy" rating in a report on Wednesday, July 1st. BMO Capital Markets reduced their price target on shares of Prologis from $162.00 to $158.00 and set an "outperform" rating on the stock in a research report on Monday, June 29th. Robert W. Baird set a $140.00 price objective on Prologis in a research report on Friday, July 31st. Finally, Morgan Stanley increased their target price on Prologis from $135.00 to $151.00 and gave the stock an "equal weight" rating in a research report on Tuesday, May 26th. Sixteen analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat, Prologis has a consensus rating of "Moderate Buy" and an average price target of $154.52.

About Prologis

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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