California Public Employees Retirement System Has $202.03 Million Stock Holdings in Prologis, Inc. $PLD

California Public Employees Retirement System boosted its holdings in shares of Prologis, Inc. (NYSE:PLD) by 2.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,764,139 shares of the real estate investment trust’s stock after buying an additional 45,232 shares during the period. California Public Employees Retirement System owned approximately 0.19% of Prologis worth $202,029,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of PLD. Bank of Nova Scotia increased its stake in Prologis by 30.3% in the 3rd quarter. Bank of Nova Scotia now owns 154,542 shares of the real estate investment trust’s stock valued at $17,698,000 after buying an additional 35,922 shares during the period. BNP Paribas boosted its stake in shares of Prologis by 1.9% during the 3rd quarter. BNP Paribas now owns 177,452 shares of the real estate investment trust’s stock valued at $20,286,000 after buying an additional 3,244 shares during the period. Ameriprise Financial Inc. grew its holdings in shares of Prologis by 0.5% during the 3rd quarter. Ameriprise Financial Inc. now owns 6,837,026 shares of the real estate investment trust’s stock valued at $778,528,000 after acquiring an additional 31,456 shares in the last quarter. Schonfeld Strategic Advisors LLC grew its holdings in shares of Prologis by 205.7% during the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 187,046 shares of the real estate investment trust’s stock valued at $21,421,000 after acquiring an additional 125,860 shares in the last quarter. Finally, Creative Planning increased its stake in shares of Prologis by 303.2% in the third quarter. Creative Planning now owns 380,090 shares of the real estate investment trust’s stock worth $43,528,000 after acquiring an additional 285,824 shares during the last quarter. 93.50% of the stock is owned by hedge funds and other institutional investors.

Prologis Trading Down 0.1%

Shares of NYSE:PLD opened at $131.73 on Monday. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.61. The stock has a market capitalization of $122.45 billion, a PE ratio of 37.11, a P/E/G ratio of 3.12 and a beta of 1.41. Prologis, Inc. has a 1 year low of $85.35 and a 1 year high of $143.95. The firm has a fifty day moving average price of $134.50 and a 200 day moving average price of $126.36.

Prologis (NYSE:PLD) last announced its quarterly earnings results on Wednesday, January 21st. The real estate investment trust reported $1.44 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.44. Prologis had a return on equity of 5.79% and a net margin of 37.86%.The company had revenue of $2.25 billion during the quarter, compared to analysts’ expectations of $2.09 billion. During the same quarter in the previous year, the firm earned $1.42 earnings per share. The business’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. Analysts expect that Prologis, Inc. will post 5.73 EPS for the current fiscal year.

Prologis Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 17th will be issued a $1.07 dividend. This is an increase from Prologis’s previous quarterly dividend of $1.01. The ex-dividend date is Tuesday, March 17th. This represents a $4.28 annualized dividend and a yield of 3.2%. Prologis’s dividend payout ratio is presently 113.80%.

Analyst Ratings Changes

Several brokerages recently issued reports on PLD. BMO Capital Markets reiterated a “market perform” rating and set a $123.00 price objective on shares of Prologis in a report on Thursday, January 22nd. BNP Paribas Exane boosted their target price on Prologis from $129.00 to $140.00 and gave the company an “outperform” rating in a research note on Wednesday, January 21st. Wall Street Zen downgraded Prologis from a “hold” rating to a “sell” rating in a research note on Saturday, February 7th. Morgan Stanley set a $135.00 price target on Prologis in a report on Friday, January 16th. Finally, Freedom Capital cut Prologis from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 23rd. Fourteen 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 company presently has an average rating of “Moderate Buy” and an average price target of $137.20.

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.