VIRGINIA RETIREMENT SYSTEMS ET Al Acquires New Holdings in Prologis, Inc. $PLD

VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in Prologis, Inc. (NYSE:PLD) in the 2nd quarter, Holdings Channel.com reports. The fund bought 387,615 shares of the real estate investment trust’s stock, valued at approximately $52,510,000.

Other hedge funds also recently modified their holdings of the company. California State Teachers Retirement System boosted its holdings in Prologis by 13,234.9% in the second quarter. California State Teachers Retirement System now owns 189,453,847 shares of the real estate investment trust’s stock worth $25,665,313,000 after purchasing an additional 188,033,109 shares in the last quarter. BlackRock Inc. bought a new stake in shares of Prologis during the 2nd quarter worth about $14,006,587,000. Geode Capital Management LLC increased its holdings in shares of Prologis by 1.5% during the 4th quarter. Geode Capital Management LLC now owns 23,012,940 shares of the real estate investment trust’s stock valued at $2,925,791,000 after acquiring an additional 339,906 shares during the last quarter. Capital Research Global Investors increased its holdings in shares of Prologis by 4.4% during the 4th quarter. Capital Research Global Investors now owns 16,061,390 shares of the real estate investment trust’s stock valued at $2,050,397,000 after acquiring an additional 678,363 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Prologis by 4.4% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 14,753,884 shares of the real estate investment trust’s stock valued at $1,998,709,000 after acquiring an additional 618,467 shares in the last quarter. Institutional investors and hedge funds own 93.50% of the company’s stock.

Prologis Trading Up 0.1%

Shares of Prologis stock opened at $137.42 on Monday. Prologis, Inc. has a 1 year low of $110.60 and a 1 year high of $153.35. The company’s fifty day simple moving average is $142.06 and its 200-day simple moving average is $140.59. The company has a market cap of $128.22 billion, a price-to-earnings ratio of 30.61 and a beta of 1.30. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.63.

Prologis (NYSE:PLD) last released its earnings results on Thursday, July 16th. The real estate investment trust reported $1.13 EPS for the quarter, beating the consensus estimate of $0.75 by $0.38. Prologis had a net margin of 45.79% and a return on equity of 7.29%. The firm had revenue of $2.43 billion during the quarter, compared to analysts’ expectations of $2.16 billion. During the same period in the prior year, the company earned $1.46 EPS. The business’s quarterly revenue was up 11.0% compared to the same quarter last year. Prologis has set its FY 2026 guidance at 6.220-6.300 EPS. As a group, sell-side analysts expect that Prologis, Inc. will post 6.27 EPS for the current year.

Prologis Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 16th will be given a dividend of $1.07 per share. The ex-dividend date of this dividend is Wednesday, September 16th. This represents a $4.28 dividend on an annualized basis and a dividend yield of 3.1%. Prologis’s dividend payout ratio is currently 95.32%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. Weiss Ratings cut Prologis from a “buy (b)” rating to a “buy (b-)” rating in a research report on Wednesday, August 26th. BMO Capital Markets reduced their price objective on shares of Prologis from $162.00 to $158.00 and set an “outperform” rating for the company in a research note on Monday, June 29th. Wells Fargo & Company decreased their price objective on shares of Prologis from $167.00 to $166.00 and set an “overweight” rating for the company in a report on Tuesday, September 1st. Wall Street Zen upgraded shares of Prologis from a “sell” rating to a “hold” rating in a research note on Saturday, July 18th. Finally, Scotiabank lifted their target price on shares of Prologis from $146.00 to $150.00 and gave the stock a “sector perform” rating in a report on Thursday, July 23rd. Sixteen analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $154.52.

Insider Activity at Prologis

In related news, CFO Timothy Arndt sold 3,597 shares of the stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $150.00, for a total value of $539,550.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.52% of the company’s stock.

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.