Mitsubishi UFJ Asset Management Co. Ltd. Boosts Stock Holdings in Prologis, Inc. $PLD

Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in shares of Prologis, Inc. (NYSE:PLD) by 5.3% during the 4th quarter, Holdings Channel reports. The institutional investor owned 2,685,351 shares of the real estate investment trust’s stock after acquiring an additional 135,281 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Prologis were worth $346,545,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. High Point Wealth Management LLC acquired a new position in shares of Prologis during the 4th quarter worth approximately $26,000. Ares Financial Consulting LLC acquired a new position in Prologis during the fourth quarter worth $26,000. Eagle Bay Advisors LLC purchased a new position in Prologis during the fourth quarter valued at $27,000. True Wealth Design LLC lifted its holdings in Prologis by 87.1% during the fourth quarter. True Wealth Design LLC now owns 262 shares of the real estate investment trust’s stock valued at $33,000 after purchasing an additional 122 shares in the last quarter. Finally, Silver Oak Securities Incorporated acquired a new stake in shares of Prologis in the third quarter valued at about $36,000. Hedge funds and other institutional investors own 93.50% of the company’s stock.

Prologis Stock Up 1.1%

PLD stock opened at $140.27 on Wednesday. Prologis, Inc. has a one year low of $103.02 and a one year high of $145.44. The firm has a market cap of $130.78 billion, a PE ratio of 35.33, a PEG ratio of 3.06 and a beta of 1.33. The firm’s 50 day moving average price is $136.75 and its 200-day moving average price is $131.76. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.51 and a current ratio of 0.51.

Prologis (NYSE:PLD) last issued its quarterly earnings data on Thursday, April 16th. The real estate investment trust reported $1.05 earnings per share 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 return on equity of 6.47% and a net margin of 41.54%.The firm’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same period in the prior year, the business posted $1.43 earnings per share. Prologis has set its FY 2026 guidance at 6.070-6.230 EPS. On average, equities research analysts anticipate that Prologis, Inc. will post 6.17 EPS for the current year.

Prologis Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 16th will be given a dividend of $1.07 per share. This represents a $4.28 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend is Tuesday, June 16th. Prologis’s dividend payout ratio (DPR) is presently 107.81%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on PLD. Bank of America upped their price target on shares of Prologis from $153.00 to $162.00 and gave the stock a “buy” rating in a research report on Monday, April 20th. Scotiabank lifted their price objective on Prologis from $146.00 to $154.00 and gave the stock an “outperform” rating in a report on Tuesday, April 21st. Truist Financial boosted their price objective on Prologis from $139.00 to $154.00 and gave the stock a “buy” rating in a research note on Friday, April 24th. Morgan Stanley set a $135.00 target price on Prologis in a research report on Friday, January 16th. Finally, DA Davidson lifted their price target on Prologis from $140.00 to $160.00 and gave the stock a “buy” rating in a research note on Tuesday, April 21st. Fifteen investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $147.90.

Prologis 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.