Teacher Retirement System of Texas Has $21.33 Million Holdings in Prologis, Inc. $PLD

Key Points

• Teacher Retirement System of Texas increased its Prologis stake by 9.7% in Q4 to 167,065 shares worth $21.33 million, and institutional investors now own about 93.5% of PLD.
• Prologis beat Q1 expectations (EPS $1.05 vs. $0.81; revenue $2.30B vs. $2.12B) and set FY2026 guidance of 6.07–6.23 EPS.
• Analyst sentiment is broadly positive—14 Buys vs. 7 Holds, a consensus rating of “Moderate Buy” and an average price target of $147.29, with several recent target upgrades into the $154–$161 range.

Teacher Retirement System of Texas lifted its stake in shares of Prologis, Inc. (NYSE:PLD - Free Report) by 9.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 167,065 shares of the real estate investment trust's stock after buying an additional 14,746 shares during the period. Teacher Retirement System of Texas' holdings in Prologis were worth $21,328,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of PLD. D.A. Davidson & CO. grew its holdings in Prologis by 16.7% during the 3rd quarter. D.A. Davidson & CO. now owns 587,157 shares of the real estate investment trust's stock worth $67,241,000 after acquiring an additional 83,966 shares during the period. Nvwm LLC grew its holdings in Prologis by 6,069.7% during the 4th quarter. Nvwm LLC now owns 15,486 shares of the real estate investment trust's stock worth $1,977,000 after acquiring an additional 15,235 shares during the period. Foresight Group Ltd Liability Partnership boosted its position in shares of Prologis by 240.1% during the 3rd quarter. Foresight Group Ltd Liability Partnership now owns 44,715 shares of the real estate investment trust's stock worth $5,109,000 after purchasing an additional 31,567 shares in the last quarter. National Pension Service boosted its position in shares of Prologis by 2.4% during the 3rd quarter. National Pension Service now owns 2,443,137 shares of the real estate investment trust's stock worth $279,788,000 after purchasing an additional 56,272 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its position in shares of Prologis by 3.6% during the 3rd quarter. Envestnet Asset Management Inc. now owns 3,644,875 shares of the real estate investment trust's stock worth $417,411,000 after purchasing an additional 126,613 shares in the last quarter. 93.50% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. Robert W. Baird increased their price objective on shares of Prologis from $133.00 to $136.00 and gave the stock a "neutral" rating in a research report on Friday, April 17th. Evercore set a $135.00 price objective on shares of Prologis in a research report on Friday, April 17th. UBS Group increased their price objective on shares of Prologis from $148.00 to $161.00 and gave the stock a "buy" rating in a research report on Friday, April 17th. Truist Financial increased their price objective on shares of Prologis from $139.00 to $154.00 and gave the stock a "buy" rating in a research report on Friday. Finally, BMO Capital Markets reissued a "market perform" rating and set a $123.00 price objective on shares of Prologis in a research report on Thursday, January 22nd. Fourteen analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $147.29.

Prologis Price Performance

PLD stock opened at $142.15 on Friday. Prologis, Inc. has a 1 year low of $100.22 and a 1 year high of $145.44. The stock has a market capitalization of $132.52 billion, a PE ratio of 35.81, a price-to-earnings-growth ratio of 3.14 and a beta of 1.40. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.16 and a quick ratio of 0.58. The company's 50-day moving average is $136.70 and its 200-day moving average is $130.66.

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 for the quarter, beating the consensus estimate of $0.81 by $0.24. Prologis had a net margin of 41.54% and a return on equity of 6.46%. The business had revenue of $2.30 billion for the quarter, compared to analysts' expectations of $2.12 billion. During the same quarter last year, the firm earned $1.43 EPS. The firm's revenue for the quarter was up 6.9% compared to the same quarter last year. Prologis has set its FY 2026 guidance at 6.070-6.230 EPS. Equities research analysts expect that Prologis, Inc. will post 6.16 EPS for the current fiscal year.

Prologis Increases Dividend

The firm 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 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend was Tuesday, March 17th. This is a positive change from Prologis's previous quarterly dividend of $1.01. Prologis's payout ratio is 107.81%.

Prologis News Summary

Here are the key news stories impacting Prologis this week:

• Positive Sentiment: Multiple sell‑side firms raised price targets and reiterated buy views, signaling analyst conviction in upside (Truist to $154, Scotiabank to $154, JPMorgan to $157, Citigroup bullish, and another $160 target report). These upgrades tend to support buying interest and higher upside expectations. Truist Securities adjusts price target on Prologis to $154 from $139; maintains Buy rating Prologis NYSE: PLD Price Target Raised to $160.00 Scotiabank Raises Prologis Price Target to $154.00 JPMorgan Increases Prologis Price Target to $157.00 Citigroup Forecasts Strong Price Appreciation for Prologis
• Positive Sentiment: Company Q1 results and investor presentation underline solid fundamentals (revenue and AFFO/earnings beats and FY guidance), which supports the analyst optimism and medium‑term growth thesis for the logistics REIT space. Prologis, Inc. 2026 Q1 - Results - Earnings Call Presentation
• Neutral Sentiment: Prologis priced a $1.25 billion senior unsecured notes offering (split across maturities). Debt issuance can be neutral—providing liquidity for development/refinancing at attractive rates but also modestly increasing leverage metrics. Monitor use of proceeds and impact on leverage. Prologis Prices $1.25 Billion Senior Notes Offering
• Neutral Sentiment: Sector peer Crown Castle reported resilient Q1 AFFO and revenue despite headwinds, underscoring mixed but stable leasing trends across property sectors; this is a sector backdrop item rather than company‑specific news for Prologis. Crown Castle Q1 AFFO & Sales Beat Estimates Despite DISH Headwinds

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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