Healthcare of Ontario Pension Plan Trust Fund Boosts Stake in Prologis, Inc. $PLD

Healthcare of Ontario Pension Plan Trust Fund raised its position in Prologis, Inc. (NYSE:PLD) by 681.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 916,253 shares of the real estate investment trust’s stock after buying an additional 798,981 shares during the period. Healthcare of Ontario Pension Plan Trust Fund owned 0.10% of Prologis worth $116,969,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in PLD. Brighton Jones LLC increased its stake in Prologis by 629.0% in the 4th quarter. Brighton Jones LLC now owns 17,475 shares of the real estate investment trust’s stock valued at $1,847,000 after buying an additional 15,078 shares during the last quarter. Schnieders Capital Management LLC. increased its stake in Prologis by 45.4% in the 2nd quarter. Schnieders Capital Management LLC. now owns 10,728 shares of the real estate investment trust’s stock valued at $1,128,000 after buying an additional 3,350 shares during the last quarter. Walleye Capital LLC purchased a new stake in Prologis in the 2nd quarter valued at about $422,000. NewEdge Advisors LLC increased its stake in Prologis by 6.8% in the 2nd quarter. NewEdge Advisors LLC now owns 63,829 shares of the real estate investment trust’s stock valued at $6,710,000 after buying an additional 4,074 shares during the last quarter. Finally, Treasurer of the State of North Carolina increased its stake in Prologis by 2.4% in the 2nd quarter. Treasurer of the State of North Carolina now owns 433,312 shares of the real estate investment trust’s stock valued at $45,550,000 after buying an additional 10,266 shares during the last quarter. Hedge funds and other institutional investors own 93.50% of the company’s stock.

Prologis Trading Up 0.9%

Shares of PLD stock opened at $148.49 on Friday. The company has a 50 day moving average of $141.99 and a 200-day moving average of $135.51. The firm has a market cap of $138.44 billion, a P/E ratio of 37.40, a PEG ratio of 3.27 and a beta of 1.32. Prologis, Inc. has a 12-month low of $103.41 and a 12-month high of $149.70. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 0.60.

Prologis (NYSE:PLD) last released its quarterly earnings data on Thursday, April 16th. The real estate investment trust reported $1.05 EPS for the quarter, topping the consensus estimate of $0.81 by $0.24. Prologis had a net margin of 41.54% and a return on equity of 6.47%. The company had revenue of $2.30 billion during the quarter, compared to the consensus estimate of $2.12 billion. During the same period last year, the firm earned $1.43 EPS. Prologis’s revenue for the quarter was up 6.9% on a year-over-year basis. Prologis has set its FY 2026 guidance at 6.070-6.230 EPS. Sell-side analysts anticipate that Prologis, Inc. will post 6.18 earnings per share for the current year.

Prologis Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 16th will be issued a dividend of $1.07 per share. This represents a $4.28 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend is Tuesday, June 16th. Prologis’s payout ratio is currently 107.81%.

Wall Street Analysts Forecast Growth

Several research firms have commented on PLD. Morgan Stanley increased their price objective on shares of Prologis from $135.00 to $151.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 26th. Weiss Ratings upgraded shares of Prologis from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, May 1st. UBS Group raised their price target on shares of Prologis from $148.00 to $161.00 and gave the stock a “buy” rating in a research note on Friday, April 17th. Evercore set a $135.00 price target on shares of Prologis in a research note on Friday, April 17th. Finally, Robert W. Baird raised their price target on shares of Prologis from $133.00 to $136.00 and gave the stock a “neutral” rating in a research note on Friday, April 17th. Sixteen investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $151.86.

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.