Prologis, Inc. $PLD Stake Boosted by APG Asset Management US Inc.

APG Asset Management US Inc. increased its stake in Prologis, Inc. (NYSE:PLD) by 0.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,656,247 shares of the real estate investment trust’s stock after buying an additional 26,342 shares during the period. Prologis accounts for 16.9% of APG Asset Management US Inc.’s portfolio, making the stock its largest position. APG Asset Management US Inc. owned approximately 2.12% of Prologis worth $2,289,560,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also bought and sold shares of the company. Clayton Financial Group LLC bought a new position in shares of Prologis in the 3rd quarter worth approximately $26,000. Silver Oak Securities Incorporated purchased a new stake in Prologis in the third quarter worth $36,000. Rossby Financial LCC raised its holdings in Prologis by 69.6% in the third quarter. Rossby Financial LCC now owns 329 shares of the real estate investment trust’s stock worth $38,000 after purchasing an additional 135 shares in the last quarter. Dogwood Wealth Management LLC raised its holdings in Prologis by 87.3% in the third quarter. Dogwood Wealth Management LLC now owns 339 shares of the real estate investment trust’s stock worth $39,000 after purchasing an additional 158 shares in the last quarter. Finally, Clear Investment Research LLC lifted its position in Prologis by 34.5% during the third quarter. Clear Investment Research LLC now owns 343 shares of the real estate investment trust’s stock valued at $39,000 after buying an additional 88 shares during the period. 93.50% of the stock is owned by institutional investors.

Insider Activity

In related news, Director Cristina Gabriela Bita sold 621 shares of the stock in a transaction on Monday, December 1st. The stock was sold at an average price of $127.60, for a total transaction of $79,239.60. Following the sale, the director directly owned 8,208 shares of the company’s stock, valued at $1,047,340.80. This trade represents a 7.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.57% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Wall Street Zen downgraded shares of Prologis from a “hold” rating to a “sell” rating in a research report on Saturday, February 7th. Morgan Stanley set a $135.00 price objective on shares of Prologis in a research note on Friday, January 16th. The Goldman Sachs Group raised their target price on shares of Prologis from $137.00 to $148.00 and gave the company a “neutral” rating in a research note on Monday, February 9th. BMO Capital Markets reiterated a “market perform” rating and set a $123.00 target price on shares of Prologis in a report on Thursday, January 22nd. Finally, Mizuho upped their price target on Prologis from $138.00 to $143.00 and gave the stock an “outperform” rating in a research note on Monday, January 26th. Fourteen equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $136.95.

Prologis Stock Down 0.2%

Shares of Prologis stock opened at $142.44 on Friday. The company has a 50-day simple moving average of $132.89 and a two-hundred day simple moving average of $124.34. The stock has a market capitalization of $132.41 billion, a PE ratio of 40.12, a price-to-earnings-growth ratio of 3.52 and a beta of 1.42. Prologis, Inc. has a 52-week low of $85.35 and a 52-week high of $143.95. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.58 and a current ratio of 0.58.

Prologis (NYSE:PLD) last posted its quarterly earnings results on Wednesday, January 21st. The real estate investment trust reported $1.44 EPS for the quarter, meeting analysts’ consensus estimates of $1.44. Prologis had a net margin of 37.86% and a return on equity of 5.79%. 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 company posted $1.42 earnings per share. The business’s revenue for the quarter was up 7.8% on a year-over-year basis. Prologis has set its FY 2026 guidance at 6.000-6.200 EPS. On average, analysts anticipate that Prologis, Inc. will post 5.73 EPS for the current fiscal year.

Prologis Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 17th will be paid a $1.07 dividend. This is an increase from Prologis’s previous quarterly dividend of $1.01. This represents a $4.28 annualized dividend and a dividend yield of 3.0%. The ex-dividend date is Tuesday, March 17th. Prologis’s dividend payout ratio (DPR) is presently 113.80%.

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.