PGGM Investments Grows Position in Prologis, Inc. $PLD

PGGM Investments grew its position in Prologis, Inc. (NYSE:PLD) by 29.2% during the fourth quarter, Holdings Channel reports. The institutional investor owned 2,538,946 shares of the real estate investment trust’s stock after acquiring an additional 574,387 shares during the quarter. Prologis comprises 5.1% of PGGM Investments’ investment portfolio, making the stock its 2nd largest holding. PGGM Investments’ holdings in Prologis were worth $324,122,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of PLD. Swedbank AB boosted its stake in Prologis by 36.2% in the 4th quarter. Swedbank AB now owns 7,664,583 shares of the real estate investment trust’s stock worth $978,461,000 after purchasing an additional 2,038,329 shares in the last quarter. Bessemer Group Inc. boosted its stake in Prologis by 8,000.9% in the 4th quarter. Bessemer Group Inc. now owns 1,595,963 shares of the real estate investment trust’s stock worth $203,741,000 after purchasing an additional 1,576,262 shares in the last quarter. Vanguard Group Inc. boosted its stake in Prologis by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 123,323,290 shares of the real estate investment trust’s stock worth $15,743,451,000 after purchasing an additional 1,258,407 shares in the last quarter. Amundi boosted its stake in Prologis by 22.0% in the 3rd quarter. Amundi now owns 5,651,563 shares of the real estate investment trust’s stock worth $661,968,000 after purchasing an additional 1,020,819 shares in the last quarter. Finally, Federated Hermes Inc. boosted its stake in 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 worth $487,424,000 after purchasing an additional 988,986 shares in the last quarter. 93.50% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. The Goldman Sachs Group reiterated a “neutral” rating and issued a $157.00 target price on shares of Prologis in a research note on Friday, April 17th. BMO Capital Markets upgraded shares of Prologis from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $137.00 to $162.00 in a research note on Thursday, May 7th. Bank of America lifted their target price on shares of Prologis from $153.00 to $162.00 and gave the stock a “buy” rating in a research note on Monday, April 20th. Citigroup lifted their target price on shares of Prologis from $145.00 to $165.00 and gave the stock a “buy” rating in a research note on Tuesday, April 21st. Finally, BNP Paribas Exane lifted their target price on shares of Prologis from $140.00 to $150.00 and gave the stock an “outperform” rating in a research note on Friday, April 17th. Sixteen analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, Prologis currently has an average rating of “Moderate Buy” and a consensus target price of $149.76.

Prologis Price Performance

NYSE:PLD opened at $146.05 on Tuesday. The firm has a market cap of $136.17 billion, a price-to-earnings ratio of 36.79, a price-to-earnings-growth ratio of 3.21 and a beta of 1.33. The company has a 50 day moving average price of $138.14 and a 200-day moving average price of $133.58. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.51 and a quick ratio of 0.51. Prologis, Inc. has a 1-year low of $103.02 and a 1-year high of $146.27.

Prologis (NYSE:PLD) last issued its quarterly earnings results 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. The company had revenue of $2.30 billion during the quarter, compared to analyst estimates of $2.12 billion. Prologis had a net margin of 41.54% and a return on equity of 6.47%. The firm’s revenue was up 6.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.43 EPS. Prologis has set its FY 2026 guidance at 6.070-6.230 EPS. Equities research analysts forecast that Prologis, Inc. will post 6.17 EPS for the current year.

Prologis Announces Dividend

The firm also recently announced 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. The ex-dividend date of this dividend is Tuesday, June 16th. This represents a $4.28 dividend on an annualized basis and a dividend yield of 2.9%. Prologis’s dividend payout ratio is presently 107.81%.

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.