Vestcor Inc Grows Holdings in Prologis, Inc. $PLD

Vestcor Inc grew its holdings in shares of Prologis, Inc. (NYSE:PLD) by 32.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 169,023 shares of the real estate investment trust’s stock after acquiring an additional 41,687 shares during the period. Vestcor Inc’s holdings in Prologis were worth $19,357,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. Norges Bank purchased a new position in Prologis in the second quarter valued at about $1,288,936,000. Franklin Resources Inc. increased its holdings in Prologis by 216.0% during the 2nd quarter. Franklin Resources Inc. now owns 10,050,843 shares of the real estate investment trust’s stock worth $1,056,545,000 after purchasing an additional 6,870,479 shares during the last quarter. State Street Corp increased its holdings in Prologis by 1.9% during the 2nd quarter. State Street Corp now owns 58,640,842 shares of the real estate investment trust’s stock worth $6,164,325,000 after purchasing an additional 1,088,544 shares during the last quarter. Federated Hermes Inc. raised its position in shares of Prologis by 30.3% in the 3rd quarter. Federated Hermes Inc. now owns 4,256,236 shares of the real estate investment trust’s stock valued at $487,424,000 after purchasing an additional 988,986 shares in the last quarter. Finally, Mondrian Investment Partners LTD acquired a new position in shares of Prologis in the 3rd quarter valued at approximately $112,141,000. Institutional investors and hedge funds own 93.50% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on PLD shares. BMO Capital Markets restated a “market perform” rating and issued a $123.00 price target on shares of Prologis in a research note on Thursday, January 22nd. Citigroup assumed coverage on shares of Prologis in a report on Thursday. They set a “buy” rating and a $145.00 price objective for the company. Barclays reissued an “overweight” rating and issued a $139.00 target price on shares of Prologis in a research report on Tuesday, January 13th. Scotiabank upgraded shares of Prologis from a “sector perform” rating to a “sector outperform” rating and upped their target price for the company from $133.00 to $146.00 in a research note on Wednesday, January 14th. Finally, Wall Street Zen cut shares of Prologis from a “hold” rating to a “sell” rating in a research report on Saturday, February 7th. Fourteen equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $137.20.

Prologis Stock Performance

Prologis stock opened at $134.42 on Monday. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.58 and a quick ratio of 0.58. Prologis, Inc. has a 12 month low of $85.35 and a 12 month high of $143.95. The company has a fifty day moving average price of $133.95 and a two-hundred day moving average price of $125.56. The company has a market cap of $124.95 billion, a PE ratio of 37.86, a P/E/G ratio of 3.33 and a beta of 1.41.

Prologis (NYSE:PLD) last released its earnings results on Wednesday, January 21st. The real estate investment trust reported $1.44 earnings per share for the quarter, meeting the consensus estimate of $1.44. The firm had revenue of $2.25 billion during the quarter, compared to analyst estimates of $2.09 billion. Prologis had a net margin of 37.86% and a return on equity of 5.79%. The firm’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.42 earnings per share. Prologis has set its FY 2026 guidance at 6.000-6.200 EPS. Research analysts expect that Prologis, Inc. will post 5.73 earnings per share for the current year.

Prologis Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 17th will be issued a dividend of $1.07 per share. This represents a $4.28 annualized dividend and a dividend yield of 3.2%. This is a boost from Prologis’s previous quarterly dividend of $1.01. The ex-dividend date of this dividend is Tuesday, March 17th. Prologis’s dividend payout ratio is currently 120.56%.

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.