Arizona State Retirement System Buys 4,130 Shares of Prologis, Inc. $PLD

Arizona State Retirement System boosted its stake in shares of Prologis, Inc. (NYSE:PLD) by 1.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 258,676 shares of the real estate investment trust’s stock after acquiring an additional 4,130 shares during the quarter. Arizona State Retirement System’s holdings in Prologis were worth $35,043,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Brighton Jones LLC boosted its position in Prologis by 629.0% in the fourth quarter. Brighton Jones LLC now owns 17,475 shares of the real estate investment trust’s stock valued at $1,847,000 after buying an additional 15,078 shares in the last quarter. Schnieders Capital Management LLC. increased its holdings in shares of Prologis by 45.4% during the second quarter. Schnieders Capital Management LLC. now owns 10,728 shares of the real estate investment trust’s stock worth $1,128,000 after buying an additional 3,350 shares in the last quarter. Walleye Capital LLC bought a new position in shares of Prologis in the second quarter valued at approximately $422,000. NewEdge Advisors LLC raised its stake in shares of Prologis by 6.8% in the second quarter. NewEdge Advisors LLC now owns 63,829 shares of the real estate investment trust’s stock valued at $6,710,000 after acquiring an additional 4,074 shares during the last quarter. Finally, Treasurer of the State of North Carolina boosted its holdings in shares of Prologis by 2.4% in the 2nd quarter. Treasurer of the State of North Carolina now owns 433,312 shares of the real estate investment trust’s stock worth $45,550,000 after acquiring an additional 10,266 shares in the last quarter. 93.50% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on PLD shares. Morgan Stanley increased their price target on Prologis from $135.00 to $151.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 26th. Scotiabank boosted their price objective on Prologis from $146.00 to $150.00 and gave the stock a “sector perform” rating in a research note on Thursday, July 23rd. Raymond James Financial assumed coverage on Prologis in a report on Thursday, June 18th. They set a “market perform” rating on the stock. Weiss Ratings lowered Prologis from a “buy (b)” rating to a “buy (b-)” rating in a research note on Wednesday, August 26th. Finally, BTIG Research lifted their price target on Prologis from $160.00 to $170.00 and gave the company a “buy” rating in a report on Wednesday, July 1st. Sixteen investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $154.52.

Prologis Price Performance

Shares of Prologis stock traded up $1.25 during midday trading on Tuesday, reaching $138.59. The company had a trading volume of 2,638,698 shares, compared to its average volume of 3,764,379. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.63. The stock has a fifty day simple moving average of $142.03 and a 200 day simple moving average of $140.56. Prologis, Inc. has a 1-year low of $110.60 and a 1-year high of $153.35. The company has a market capitalization of $129.32 billion, a price-to-earnings ratio of 30.87 and a beta of 1.30.

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

Prologis Dividend Announcement

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

Insider Activity

In related news, CFO Timothy Arndt sold 3,597 shares of the firm’s stock in a transaction dated Monday, June 15th. The stock was 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 SEC, which is accessible through this link. 0.52% of the stock is owned by company 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.