AustralianSuper Pty Ltd Makes New Investment in Prologis, Inc. $PLD

AustralianSuper Pty Ltd acquired a new stake in shares of Prologis, Inc. (NYSE:PLD) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 10,227 shares of the real estate investment trust’s stock, valued at approximately $1,171,000.

Other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in shares of Prologis by 0.3% in the 2nd quarter. Vanguard Group Inc. now owns 121,741,332 shares of the real estate investment trust’s stock worth $12,797,449,000 after purchasing an additional 401,922 shares in the last quarter. State Street Corp boosted its stake in Prologis by 1.9% in the second quarter. State Street Corp now owns 58,640,842 shares of the real estate investment trust’s stock worth $6,164,325,000 after buying an additional 1,088,544 shares in the last quarter. Geode Capital Management LLC grew its position in Prologis by 1.4% during the second quarter. Geode Capital Management LLC now owns 22,416,833 shares of the real estate investment trust’s stock valued at $2,345,922,000 after acquiring an additional 310,333 shares during the last quarter. Massachusetts Financial Services Co. MA raised its stake in shares of Prologis by 1.6% during the second quarter. Massachusetts Financial Services Co. MA now owns 16,506,899 shares of the real estate investment trust’s stock worth $1,735,205,000 after acquiring an additional 253,338 shares in the last quarter. Finally, Norges Bank bought a new stake in shares of Prologis in the 2nd quarter worth approximately $1,288,936,000. 93.50% of the stock is owned by institutional investors.

Prologis Price Performance

Shares of PLD opened at $130.51 on Friday. The firm’s 50-day simple moving average is $128.87 and its two-hundred day simple moving average is $119.90. Prologis, Inc. has a fifty-two week low of $85.35 and a fifty-two week high of $134.94. The stock has a market cap of $121.22 billion, a PE ratio of 36.76, a price-to-earnings-growth 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 (NYSE:PLD) last issued its quarterly earnings data on Wednesday, January 21st. The real estate investment trust reported $1.44 earnings per share for the quarter, hitting the consensus estimate of $1.44. Prologis had a net margin of 37.86% and a return on equity of 5.78%. The firm had revenue of $2.25 billion for the quarter, compared to analysts’ expectations of $2.09 billion. During the same quarter in the prior year, the business earned $1.42 EPS. The business’s quarterly revenue was up 7.8% on a year-over-year basis. Prologis has set its FY 2026 guidance at 6.000-6.200 EPS. Analysts anticipate that Prologis, Inc. will post 5.73 earnings per share for the current fiscal year.

Prologis Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Tuesday, December 16th were issued a $1.01 dividend. The ex-dividend date of this dividend was Tuesday, December 16th. This represents a $4.04 dividend on an annualized basis and a dividend yield of 3.1%. Prologis’s dividend payout ratio (DPR) is presently 113.80%.

Insider Buying and Selling

In other news, Director Cristina Gabriela Bita sold 621 shares of the 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 sale, the director owned 8,208 shares of the company’s stock, valued at approximately $1,047,340.80. This represents a 7.03% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.57% of the company’s stock.

Analysts Set New Price Targets

PLD has been the subject of several analyst reports. BMO Capital Markets restated a “market perform” rating and set a $123.00 price target on shares of Prologis in a research report on Thursday, January 22nd. Freedom Capital cut Prologis from a “strong-buy” rating to a “hold” rating in a report on Friday, January 23rd. Evercore ISI boosted their price objective on Prologis from $118.00 to $121.00 and gave the company an “in-line” rating in a research report on Thursday, January 22nd. Industrial Alliance Securities set a $119.00 target price on shares of Prologis in a report on Monday, October 20th. Finally, Scotiabank raised shares of Prologis from a “sector perform” rating to a “sector outperform” rating and lifted their target price for the stock from $133.00 to $146.00 in a research note on Wednesday, January 14th. Thirteen investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $134.22.

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.