UniSuper Management Pty Ltd Decreases Stock Holdings in Prologis, Inc. $PLD

UniSuper Management Pty Ltd trimmed its holdings in Prologis, Inc. (NYSE:PLD) by 5.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 395,522 shares of the real estate investment trust’s stock after selling 22,116 shares during the quarter. UniSuper Management Pty Ltd’s holdings in Prologis were worth $50,492,000 as of its most recent SEC filing.

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

Wall Street Analyst Weigh In

PLD has been the subject of a number of recent analyst reports. BTIG Research restated a “buy” rating and set a $155.00 price target on shares of Prologis in a report on Wednesday, April 15th. Morgan Stanley raised their price target on shares of Prologis from $135.00 to $151.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 26th. JPMorgan Chase & Co. raised their price target on shares of Prologis from $141.00 to $157.00 and gave the stock an “overweight” rating in a report on Tuesday, April 21st. BMO Capital Markets upgraded shares of Prologis from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $137.00 to $162.00 in a report on Thursday, May 7th. Finally, Wall Street Zen upgraded shares of Prologis from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Sixteen investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $151.86.

Prologis Stock Up 1.2%

Prologis stock opened at $147.49 on Friday. Prologis, Inc. has a fifty-two week low of $103.41 and a fifty-two week high of $148.46. 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 firm has a 50 day moving average price of $141.69 and a 200 day moving average price of $135.42. The company has a market capitalization of $137.51 billion, a PE ratio of 37.15, a price-to-earnings-growth ratio of 3.21 and a beta of 1.32.

Prologis (NYSE:PLD) last posted its earnings results on Thursday, April 16th. The real estate investment trust reported $1.05 earnings per share for the quarter, beating 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 firm had revenue of $2.30 billion during the quarter, compared to the consensus estimate of $2.12 billion. During the same quarter last year, the firm earned $1.43 EPS. The firm’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. Research analysts expect 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. Shareholders of record on Tuesday, June 16th will be paid a $1.07 dividend. The ex-dividend date is Tuesday, June 16th. This represents a $4.28 annualized dividend and a dividend yield of 2.9%. Prologis’s payout ratio is 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.