Rakuten Investment Management Inc. Invests $21.04 Million in Prologis, Inc. $PLD

Rakuten Investment Management Inc. purchased a new stake in Prologis, Inc. (NYSE:PLD) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 183,730 shares of the real estate investment trust’s stock, valued at approximately $21,041,000.

A number of other institutional investors have also added to or reduced their stakes in PLD. Ignite Planners LLC increased its position in shares of Prologis by 3.2% during the third quarter. Ignite Planners LLC now owns 2,937 shares of the real estate investment trust’s stock valued at $336,000 after buying an additional 92 shares during the period. ORG Partners LLC grew its stake in Prologis by 3.3% during the third quarter. ORG Partners LLC now owns 2,867 shares of the real estate investment trust’s stock valued at $328,000 after acquiring an additional 92 shares in the last quarter. Stratos Wealth Partners LTD. grew its stake in Prologis by 0.7% during the second quarter. Stratos Wealth Partners LTD. now owns 13,678 shares of the real estate investment trust’s stock valued at $1,438,000 after acquiring an additional 93 shares in the last quarter. Stableford Capital II LLC increased its holdings in Prologis by 0.4% during the 3rd quarter. Stableford Capital II LLC now owns 21,090 shares of the real estate investment trust’s stock worth $2,415,000 after acquiring an additional 94 shares during the period. Finally, Palogic Value Management L.P. lifted its stake in Prologis by 4.7% in the 2nd quarter. Palogic Value Management L.P. now owns 2,130 shares of the real estate investment trust’s stock worth $224,000 after purchasing an additional 96 shares in the last quarter. Hedge funds and other institutional investors own 93.50% of the company’s stock.

Prologis Price Performance

PLD opened at $130.74 on Wednesday. The stock has a 50-day moving average price of $128.12 and a 200-day moving average price of $118.90. Prologis, Inc. has a 12-month low of $85.35 and a 12-month high of $134.94. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 0.62. The stock has a market capitalization of $121.44 billion, a P/E ratio of 38.12, a PEG ratio of 3.90 and a beta of 1.40.

Prologis (NYSE:PLD) last announced its quarterly earnings data on Wednesday, January 21st. The real estate investment trust reported $1.44 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.44. Prologis had a return on equity of 5.55% and a net margin of 36.71%.Prologis has set its FY 2026 guidance at 6.000-6.200 EPS. Equities analysts predict that Prologis, Inc. will post 5.73 earnings per share for the current fiscal year.

Prologis Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 16th were paid a $1.01 dividend. The ex-dividend date of this dividend was Tuesday, December 16th. This represents a $4.04 dividend on an annualized basis and a dividend yield of 3.1%. Prologis’s dividend payout ratio is 117.78%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on PLD. Mizuho boosted their price target on shares of Prologis from $118.00 to $138.00 and gave the company an “outperform” rating in a research report on Thursday, December 4th. Truist Financial boosted their target price on Prologis from $131.00 to $142.00 and gave the stock a “buy” rating in a research report on Tuesday. Scotiabank raised Prologis from a “sector perform” rating to a “sector outperform” rating and raised their price target for the company from $133.00 to $146.00 in a report on Wednesday, January 14th. Wells Fargo & Company lifted their price target on Prologis from $120.00 to $139.00 and gave the company an “overweight” rating in a research report on Monday, October 27th. Finally, UBS Group upped their price objective on shares of Prologis from $137.00 to $144.00 and gave the stock a “buy” rating in a research report on Thursday, January 8th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, Prologis has a consensus rating of “Moderate Buy” and an average price target of $133.00.

Insider Buying and Selling at Prologis

In other Prologis news, Director James B. Connor sold 80,000 shares of the company’s stock in a transaction dated Friday, October 24th. The shares were sold at an average price of $126.58, for a total transaction of $10,126,400.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Cristina Gabriela Bita sold 621 shares of Prologis stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $127.60, for a total value of $79,239.60. Following the completion of the transaction, the director owned 8,208 shares in the company, valued at approximately $1,047,340.80. This represents a 7.03% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 81,121 shares of company stock worth $10,267,210. 0.57% of the stock is owned by insiders.

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.