National Pension Service Buys 56,272 Shares of Prologis, Inc. $PLD

National Pension Service grew its stake in Prologis, Inc. (NYSE:PLD) by 2.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,443,137 shares of the real estate investment trust’s stock after buying an additional 56,272 shares during the period. National Pension Service owned 0.26% of Prologis worth $279,788,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the stock. Clayton Financial Group LLC bought a new position in Prologis during the third quarter worth $26,000. Silver Oak Securities Incorporated bought a new position in shares of Prologis in the 3rd quarter worth about $36,000. AlphaQuest LLC bought a new position in shares of Prologis in the 3rd quarter worth about $39,000. Barrett & Company Inc. acquired a new position in shares of Prologis in the 2nd quarter valued at about $44,000. Finally, Twin Peaks Wealth Advisors LLC bought a new stake in shares of Prologis during the 2nd quarter valued at about $44,000. 93.50% of the stock is currently owned by institutional investors.

Prologis Price Performance

Shares of NYSE PLD opened at $130.51 on Friday. The stock has a market cap of $121.22 billion, a price-to-earnings ratio of 36.76, a PEG ratio of 3.23 and a beta of 1.40. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.64 and a current ratio of 0.19. Prologis, Inc. has a fifty-two week low of $85.35 and a fifty-two week high of $134.94. The firm’s 50-day simple moving average is $128.87 and its 200 day simple moving average is $119.90.

Prologis (NYSE:PLD) last issued its quarterly earnings data on Wednesday, January 21st. The real estate investment trust reported $1.44 EPS for the quarter, hitting the consensus estimate of $1.44. Prologis had a return on equity of 5.78% and a net margin of 37.86%.The firm had revenue of $2.25 billion during the quarter, compared to the consensus estimate of $2.09 billion. During the same period in the prior year, the business posted $1.42 earnings per share. The company’s quarterly revenue was up 7.8% compared to the same quarter last year. Prologis has set its FY 2026 guidance at 6.000-6.200 EPS. As a group, research analysts anticipate that Prologis, Inc. will post 5.73 earnings per share for the current fiscal year.

Prologis Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 16th were issued a dividend of $1.01 per share. This represents a $4.04 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date of this dividend was Tuesday, December 16th. Prologis’s payout ratio is currently 113.80%.

Analysts Set New Price Targets

A number of brokerages have weighed in on PLD. Argus lifted their target price on Prologis from $128.00 to $135.00 and gave the stock a “buy” rating in a report on Thursday, January 22nd. UBS Group boosted their target price on shares of Prologis from $144.00 to $148.00 and gave the company a “buy” rating in a research report on Thursday, January 22nd. Scotiabank upgraded shares of Prologis from a “sector perform” rating to a “sector outperform” rating and raised their price target for the stock from $133.00 to $146.00 in a report on Wednesday, January 14th. Morgan Stanley set a $135.00 price target on shares of Prologis in a research note on Friday, January 16th. Finally, Industrial Alliance Securities set a $119.00 price objective on shares of Prologis in a research report on Monday, October 20th. Thirteen investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $134.22.

Insider Transactions at Prologis

In other news, Director Cristina Gabriela Bita sold 621 shares of the company’s stock in a transaction on Monday, December 1st. The shares were sold at an average price of $127.60, for a total value of $79,239.60. Following the completion of the sale, the director owned 8,208 shares in the company, valued at $1,047,340.80. This represents a 7.03% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.57% of the stock is owned by corporate insiders.

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.