Triglav Investments D.O.O. Acquires New Stake in Prologis, Inc. $PLD

Triglav Investments D.O.O. bought a new position in Prologis, Inc. (NYSE:PLD) in the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 46,587 shares of the real estate investment trust’s stock, valued at approximately $5,947,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. increased its stake in shares of Prologis by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 123,323,290 shares of the real estate investment trust’s stock worth $15,743,451,000 after acquiring an additional 1,258,407 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Prologis by 1.5% in the 4th quarter. Geode Capital Management LLC now owns 23,012,940 shares of the real estate investment trust’s stock worth $2,925,791,000 after acquiring an additional 339,906 shares during the last quarter. Legal & General Group Plc increased its stake in shares of Prologis by 6.1% in the 4th quarter. Legal & General Group Plc now owns 11,443,741 shares of the real estate investment trust’s stock worth $1,460,908,000 after acquiring an additional 661,502 shares during the last quarter. Principal Financial Group Inc. increased its stake in shares of Prologis by 1.3% in the 4th quarter. Principal Financial Group Inc. now owns 10,946,760 shares of the real estate investment trust’s stock worth $1,397,467,000 after acquiring an additional 135,912 shares during the last quarter. Finally, Swedbank AB increased its stake in shares of Prologis by 36.2% in the 4th quarter. Swedbank AB now owns 7,664,583 shares of the real estate investment trust’s stock worth $978,461,000 after acquiring an additional 2,038,329 shares during the last quarter. 93.50% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

PLD has been the subject of a number of recent research reports. Wall Street Zen raised Prologis from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Morgan Stanley raised their target price on Prologis from $135.00 to $151.00 and gave the stock an “equal weight” rating in a research note on Tuesday. Evercore set a $135.00 target price on Prologis in a research note on Friday, April 17th. DA Davidson raised their target price on Prologis from $140.00 to $160.00 and gave the stock a “buy” rating in a research note on Tuesday, April 21st. Finally, BMO Capital Markets raised Prologis from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $137.00 to $162.00 in a research note on Thursday, May 7th. Sixteen research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $150.52.

Prologis Stock Performance

NYSE PLD opened at $143.80 on Friday. The stock has a market cap of $134.07 billion, a PE ratio of 36.22, a P/E/G ratio of 3.20 and a beta of 1.33. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.60. Prologis, Inc. has a twelve month low of $103.41 and a twelve month high of $147.93. The stock has a fifty day simple moving average of $139.20 and a 200-day simple moving average of $134.11.

Prologis (NYSE:PLD) last released its quarterly earnings results on Thursday, April 16th. The real estate investment trust reported $1.05 earnings per share for the quarter, topping analysts’ consensus estimates of $0.81 by $0.24. The business had revenue of $2.30 billion during the quarter, compared to analysts’ expectations of $2.12 billion. Prologis had a return on equity of 6.47% and a net margin of 41.54%.The company’s revenue was up 6.9% compared to the same quarter last year. During the same period in the prior year, the business posted $1.43 EPS. Prologis has set its FY 2026 guidance at 6.070-6.230 EPS. Equities analysts anticipate 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. Stockholders of record on Tuesday, June 16th will be issued a dividend of $1.07 per share. The ex-dividend date is Tuesday, June 16th. This represents a $4.28 dividend on an annualized basis and a dividend yield of 3.0%. Prologis’s dividend payout ratio is currently 107.81%.

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.