Prologis, Inc. $PLD Shares Acquired by Varma Mutual Pension Insurance Co

Varma Mutual Pension Insurance Co grew its position in shares of Prologis, Inc. (NYSE:PLD) by 8.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 178,646 shares of the real estate investment trust’s stock after purchasing an additional 14,200 shares during the quarter. Varma Mutual Pension Insurance Co’s holdings in Prologis were worth $20,459,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Clayton Financial Group LLC acquired a new stake in Prologis during the third quarter valued at $26,000. Silver Oak Securities Incorporated purchased a new stake in shares of Prologis during the 3rd quarter worth about $36,000. AlphaQuest LLC acquired a new stake in shares of Prologis during the 3rd quarter valued at about $39,000. Twin Peaks Wealth Advisors LLC purchased a new position in shares of Prologis in the 2nd quarter valued at about $44,000. Finally, SJS Investment Consulting Inc. purchased a new position in shares of Prologis in the 3rd quarter valued at about $44,000. 93.50% of the stock is owned by hedge funds and other institutional investors.

Prologis Trading Down 0.4%

Shares of PLD stock opened at $139.94 on Thursday. The stock’s fifty day moving average is $130.09 and its two-hundred day moving average is $121.49. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.64 and a current ratio of 0.19. The firm has a market capitalization of $129.98 billion, a P/E ratio of 39.42, a PEG ratio of 3.48 and a beta of 1.42. Prologis, Inc. has a fifty-two week low of $85.35 and a fifty-two week high of $141.85.

Prologis (NYSE:PLD) last released its earnings results on Wednesday, January 21st. The real estate investment trust reported $1.44 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.44. The business 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 5.78%. The company’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same quarter in the prior 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 fiscal year.

Prologis Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 16th were paid a $1.01 dividend. This represents a $4.04 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend was Tuesday, December 16th. Prologis’s dividend payout ratio (DPR) is 113.80%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Scotiabank upgraded Prologis from a “sector perform” rating to a “sector outperform” rating and increased their price target for the stock from $133.00 to $146.00 in a research report on Wednesday, January 14th. Wall Street Zen lowered Prologis from a “hold” rating to a “sell” rating in a research report on Saturday, February 7th. The Goldman Sachs Group boosted their price target on shares of Prologis from $133.00 to $137.00 and gave the stock a “neutral” rating in a report on Monday, January 26th. Mizuho upped their price objective on shares of Prologis from $138.00 to $143.00 and gave the stock an “outperform” rating in a research report on Monday, January 26th. Finally, BNP Paribas Exane lifted their target price on shares of Prologis from $129.00 to $140.00 and gave the company an “outperform” rating in a research report on Wednesday, January 21st. Thirteen analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat, Prologis presently has a consensus rating of “Moderate Buy” and a consensus price target of $135.32.

Insider Buying and Selling at Prologis

In other news, Director Cristina Gabriela Bita sold 621 shares of the business’s stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $127.60, for a total transaction of $79,239.60. Following the transaction, the director directly owned 8,208 shares in the company, valued at $1,047,340.80. The trade was a 7.03% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.57% of the stock is currently owned by corporate insiders.

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.