Prologis, Inc. $PLD Stock Position Reduced by Retirement Systems of Alabama

Retirement Systems of Alabama decreased its stake in Prologis, Inc. (NYSE:PLD) by 0.9% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,092,611 shares of the real estate investment trust’s stock after selling 9,444 shares during the quarter. Retirement Systems of Alabama owned approximately 0.12% of Prologis worth $139,483,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Brighton Jones LLC increased its stake in shares of Prologis by 629.0% in the fourth quarter. Brighton Jones LLC now owns 17,475 shares of the real estate investment trust’s stock worth $1,847,000 after acquiring an additional 15,078 shares during the last quarter. Schnieders Capital Management LLC. boosted its position in Prologis by 45.4% during the second quarter. Schnieders Capital Management LLC. now owns 10,728 shares of the real estate investment trust’s stock valued at $1,128,000 after purchasing an additional 3,350 shares during the last quarter. Elevation Point Wealth Partners LLC purchased a new position in Prologis in the second quarter valued at about $145,000. Northwestern Mutual Wealth Management Co. grew its stake in Prologis by 0.8% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 50,647 shares of the real estate investment trust’s stock valued at $5,324,000 after purchasing an additional 394 shares in the last quarter. Finally, Quadrature Capital Ltd acquired a new position in Prologis in the 2nd quarter worth about $470,000. Institutional investors and hedge funds own 93.50% of the company’s stock.

Analyst Upgrades and Downgrades

PLD has been the subject of several research reports. Argus lifted their price target on Prologis from $128.00 to $135.00 and gave the company a “buy” rating in a report on Thursday, January 22nd. Freedom Capital downgraded Prologis from a “strong-buy” rating to a “hold” rating in a report on Friday, January 23rd. BTIG Research lifted their target price on shares of Prologis from $134.00 to $155.00 and gave the company a “buy” rating in a research note on Wednesday, December 31st. Scotiabank raised shares of Prologis from a “sector perform” rating to a “sector outperform” rating and boosted their target price for the stock from $133.00 to $146.00 in a research report on Wednesday, January 14th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Prologis in a research note on Friday. Fourteen research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $137.20.

Prologis Stock Performance

Shares of NYSE PLD opened at $128.64 on Tuesday. The business’s 50-day simple moving average is $134.57 and its 200-day simple moving average is $127.73. 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, Inc. has a 52 week low of $85.35 and a 52 week high of $143.95. The firm has a market cap of $119.92 billion, a price-to-earnings ratio of 36.24, a P/E/G ratio of 3.04 and a beta of 1.41.

Prologis (NYSE:PLD) last posted its earnings results 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. The firm had revenue of $2.25 billion during the quarter, compared to analyst estimates of $2.09 billion. Prologis had a return on equity of 5.79% and a net margin of 37.86%.The company’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same period in the previous year, the company earned $1.42 EPS. Prologis has set its FY 2026 guidance at 6.000-6.200 EPS. As a group, equities research analysts expect that Prologis, Inc. will post 5.73 earnings per share for the current fiscal year.

Prologis Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 17th will be issued a dividend of $1.07 per share. The ex-dividend date of this dividend is Tuesday, March 17th. This represents a $4.28 annualized dividend and a dividend yield of 3.3%. This is an increase from Prologis’s previous quarterly dividend of $1.01. Prologis’s 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.