VIRGINIA RETIREMENT SYSTEMS ET Al Makes New $52.51 Million Investment in Prologis, Inc. $PLD

Key Points

• Virginia Retirement Systems purchased 387,615 Prologis shares in the second quarter, valued at approximately $52.51 million. Institutional investors collectively own 93.5% of the REIT’s stock.
• Prologis exceeded quarterly earnings expectations, reporting $1.13 in EPS versus the $0.75 consensus estimate and $2.43 billion in revenue, up 11% year over year.
• The company declared a quarterly dividend of $1.07 per share, equivalent to an annualized $4.28 payout and a 3.1% yield. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $154.52.

VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in shares of Prologis, Inc. (NYSE:PLD - Free Report) in the second quarter, according to its most recent disclosure with the SEC. The firm purchased 387,615 shares of the real estate investment trust's stock, valued at approximately $52,510,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Solstein Capital LLC purchased a new stake in shares of Prologis during the second quarter valued at $25,000. Manning & Napier Advisors LLC purchased a new position in Prologis in the 2nd quarter worth about $25,000. Clearstead Trust LLC purchased a new position in Prologis in the 2nd quarter worth about $28,000. SouthState Bank Corp raised its holdings in Prologis by 73.1% during the 4th quarter. SouthState Bank Corp now owns 225 shares of the real estate investment trust's stock worth $29,000 after buying an additional 95 shares during the period. Finally, Hilton Head Capital Partners LLC acquired a new stake in Prologis during the 4th quarter worth about $29,000. Institutional investors own 93.50% of the company's stock.

Prologis Price Performance

Shares of PLD opened at $137.42 on Monday. The company has a market capitalization of $128.22 billion, a price-to-earnings ratio of 30.61 and a beta of 1.30. Prologis, Inc. has a fifty-two week low of $110.60 and a fifty-two week high of $153.35. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.70 and a quick ratio of 0.70. The business's 50-day moving average is $142.06 and its 200-day moving average is $140.59.

Prologis (NYSE:PLD - Get Free Report) last posted its quarterly earnings results on Thursday, July 16th. The real estate investment trust reported $1.13 EPS for the quarter, topping 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 business had revenue of $2.43 billion during the quarter, compared to analysts' expectations of $2.16 billion. During the same period last year, the company 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 fiscal 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 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 3.1%. Prologis's dividend payout ratio (DPR) is 95.32%.

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 shares were sold at an average price of $150.00, for a total value of $539,550.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.52% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several brokerages have commented on PLD. BTIG Research raised their target price on shares of Prologis from $160.00 to $170.00 and gave the stock a "buy" rating in a report on Wednesday, July 1st. Morgan Stanley upped their price target on shares of Prologis from $135.00 to $151.00 and gave the company an "equal weight" rating in a research report on Tuesday, May 26th. Wall Street Zen raised shares of Prologis from a "sell" rating to a "hold" rating in a research note on Saturday, July 18th. Wells Fargo & Company lowered their price objective on shares of Prologis from $167.00 to $166.00 and set an "overweight" rating on the stock in a research report on Tuesday, September 1st. Finally, Raymond James Financial began coverage on shares of Prologis in a research note on Thursday, June 18th. They set a "market perform" rating on the stock. Sixteen research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $154.52.

About Prologis

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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