iA Global Asset Management Inc. Buys 15,410 Shares of Prologis, Inc. $PLD

iA Global Asset Management Inc. boosted its position in shares of Prologis, Inc. (NYSE:PLD) by 9.3% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 180,955 shares of the real estate investment trust’s stock after buying an additional 15,410 shares during the quarter. iA Global Asset Management Inc.’s holdings in Prologis were worth $23,919,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of PLD. First Pacific Financial increased its stake in shares of Prologis by 4.1% in the 1st quarter. First Pacific Financial now owns 24,912 shares of the real estate investment trust’s stock valued at $3,293,000 after buying an additional 982 shares during the period. Premier Path Wealth Partners LLC boosted its holdings in Prologis by 39.4% in the first quarter. Premier Path Wealth Partners LLC now owns 9,775 shares of the real estate investment trust’s stock valued at $1,292,000 after acquiring an additional 2,761 shares during the last quarter. Master S Wealth Management Inc. increased its position in Prologis by 10.9% in the first quarter. Master S Wealth Management Inc. now owns 8,475 shares of the real estate investment trust’s stock worth $1,120,000 after purchasing an additional 836 shares during the period. Pathway Financial Advisers LLC raised its holdings in Prologis by 4.2% during the 1st quarter. Pathway Financial Advisers LLC now owns 19,376 shares of the real estate investment trust’s stock worth $2,561,000 after purchasing an additional 787 shares during the last quarter. Finally, Brown Miller Wealth Management LLC raised its holdings in Prologis by 1.5% during the 1st quarter. Brown Miller Wealth Management LLC now owns 19,305 shares of the real estate investment trust’s stock worth $2,552,000 after purchasing an additional 287 shares during the last quarter. 93.50% of the stock is currently owned by institutional investors.

Prologis Trading Down 2.4%

Shares of NYSE PLD opened at $135.50 on Wednesday. Prologis, Inc. has a twelve month low of $103.41 and a twelve month high of $150.18. The stock has a market cap of $126.33 billion, a price-to-earnings ratio of 34.13, a P/E/G ratio of 3.02 and a beta of 1.32. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 0.60. The company’s fifty day moving average is $143.05 and its 200-day moving average is $136.71.

Prologis (NYSE:PLD) last issued its quarterly earnings data on Thursday, April 16th. The real estate investment trust reported $1.05 EPS for the quarter, topping the consensus estimate of $0.81 by $0.24. Prologis had a return on equity of 6.47% and a net margin of 41.54%.The business had revenue of $2.30 billion for the quarter, compared to the consensus estimate of $2.12 billion. During the same quarter last year, the business posted $1.43 EPS. The firm’s revenue was up 6.9% compared to the same quarter last year. Prologis has set its FY 2026 guidance at 6.070-6.230 EPS. Equities research analysts predict that Prologis, Inc. will post 6.17 EPS for the current year.

Prologis Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 16th were given a $1.07 dividend. The ex-dividend date was Tuesday, June 16th. This represents a $4.28 annualized dividend and a dividend yield of 3.2%. Prologis’s payout ratio is currently 107.81%.

Insider Activity

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

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on PLD. Bank of America raised their target price on shares of Prologis from $153.00 to $162.00 and gave the company a “buy” rating in a research note on Monday, April 20th. Morgan Stanley increased their price objective on shares of Prologis from $135.00 to $151.00 and gave the company an “equal weight” rating in a report on Tuesday, May 26th. UBS Group lifted their target price on shares of Prologis from $148.00 to $161.00 and gave the stock a “buy” rating in a report on Friday, April 17th. BMO Capital Markets dropped their target price on shares of Prologis from $162.00 to $158.00 and set an “outperform” rating for the company in a research report on Monday. Finally, The Goldman Sachs Group restated a “neutral” rating and issued a $157.00 price target on shares of Prologis in a research report on Friday, April 17th. Fifteen research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $151.29.

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.