IFM Investors Pty Ltd raised its stake in shares of Prologis, Inc. (NYSE:PLD – Free Report) by 2.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 338,352 shares of the real estate investment trust’s stock after purchasing an additional 9,452 shares during the period. IFM Investors Pty Ltd’s holdings in Prologis were worth $44,723,000 as of its most recent SEC filing.
Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in Prologis by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 123,323,290 shares of the real estate investment trust’s stock worth $15,743,451,000 after acquiring an additional 1,258,407 shares during the period. Geode Capital Management LLC boosted its holdings in Prologis by 1.5% during the fourth 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 acquiring an additional 339,906 shares during the period. Capital Research Global Investors grew its position in shares of 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 purchasing an additional 678,363 shares during the last quarter. Norges Bank bought a new position in shares of Prologis in the fourth quarter worth about $1,589,125,000. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of Prologis by 4.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 11,639,644 shares of the real estate investment trust’s stock worth $1,485,917,000 after purchasing an additional 516,765 shares during the period. Institutional investors own 93.50% of the company’s stock.
Insider Buying and Selling at Prologis
In other news, CFO Timothy D. Arndt sold 3,597 shares of the firm’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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.52% of the company’s stock.
Analyst Upgrades and Downgrades
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Prologis Stock Performance
NYSE:PLD opened at $135.50 on Wednesday. Prologis, Inc. has a 1 year low of $103.41 and a 1 year high of $150.18. The firm has a 50 day moving average of $143.05 and a 200-day moving average of $136.71. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.60. The stock has a market capitalization of $126.33 billion, a P/E ratio of 34.13, a price-to-earnings-growth ratio of 3.02 and a beta of 1.32.
Prologis (NYSE:PLD – Get Free Report) last released its quarterly earnings results 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. Prologis had a return on equity of 6.47% and a net margin of 41.54%.The business had revenue of $2.30 billion for the quarter, compared to analyst estimates of $2.12 billion. During the same period in the prior year, the company earned $1.43 EPS. Prologis’s revenue for the quarter was up 6.9% on a year-over-year basis. Prologis has set its FY 2026 guidance at 6.070-6.230 EPS. As a group, sell-side analysts anticipate that Prologis, Inc. will post 6.17 EPS for the current fiscal year.
Prologis Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 16th were issued a dividend of $1.07 per share. This represents a $4.28 annualized dividend and a dividend yield of 3.2%. The ex-dividend date was Tuesday, June 16th. Prologis’s dividend payout ratio is presently 107.81%.
Prologis 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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