Russell Investments Group Ltd. Reduces Holdings in Prologis, Inc. $PLD

Russell Investments Group Ltd. lowered its stake in shares of Prologis, Inc. (NYSE:PLD) by 21.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,815,282 shares of the real estate investment trust’s stock after selling 759,008 shares during the quarter. Prologis comprises approximately 0.4% of Russell Investments Group Ltd.’s investment portfolio, making the stock its 27th largest holding. Russell Investments Group Ltd. owned about 0.30% of Prologis worth $359,637,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Ares Financial Consulting LLC purchased a new position in shares of Prologis in the fourth quarter worth $26,000. High Point Wealth Management LLC acquired a new stake in shares of Prologis during the fourth quarter worth $26,000. Eagle Bay Advisors LLC purchased a new stake in shares of Prologis during the fourth quarter valued at $27,000. SouthState Bank Corp increased its position in shares of Prologis by 73.1% in the 4th quarter. SouthState Bank Corp now owns 225 shares of the real estate investment trust’s stock valued at $29,000 after acquiring an additional 95 shares during the period. Finally, Hilton Head Capital Partners LLC acquired a new position in shares of Prologis in the 4th quarter valued at $29,000. 93.50% of the stock is currently owned by institutional investors and hedge funds.

Prologis Stock Performance

Shares of NYSE PLD opened at $146.08 on Wednesday. The company has a market capitalization of $136.20 billion, a PE ratio of 36.80, a price-to-earnings-growth ratio of 3.27 and a beta of 1.32. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.51 and a current ratio of 0.51. The company’s fifty day moving average price is $142.52 and its 200 day moving average price is $135.85. Prologis, Inc. has a 1 year low of $103.41 and a 1 year high of $150.18.

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

Prologis Dividend Announcement

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

Analyst Upgrades and Downgrades

PLD has been the topic of a number of research reports. Jefferies Financial Group cut their price objective on shares of Prologis from $157.00 to $155.00 and set a “buy” rating on the stock in a research note on Tuesday, April 14th. Citigroup upped their price target on shares of Prologis from $145.00 to $165.00 and gave the company a “buy” rating in a report on Tuesday, April 21st. Truist Financial increased their price target on Prologis from $139.00 to $154.00 and gave the stock a “buy” rating in a research report on Friday, April 24th. UBS Group lifted their price objective on Prologis from $148.00 to $161.00 and gave the company a “buy” rating in a research note on Friday, April 17th. Finally, Morgan Stanley boosted their price objective on Prologis from $135.00 to $151.00 and gave the company an “equal weight” rating in a report on Tuesday, May 26th. Sixteen equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $151.86.

Prologis Company 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.