Thrivent Financial for Lutherans Increases Stake in Prologis, Inc. $PLD

Thrivent Financial for Lutherans increased its holdings in Prologis, Inc. (NYSE:PLD) by 13.3% in the fourth quarter, Holdings Channel.com reports. The firm owned 218,816 shares of the real estate investment trust’s stock after acquiring an additional 25,619 shares during the period. Thrivent Financial for Lutherans’ holdings in Prologis were worth $27,939,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Nvwm LLC lifted its stake in shares of Prologis by 6,069.7% in the fourth quarter. Nvwm LLC now owns 15,486 shares of the real estate investment trust’s stock valued at $1,977,000 after purchasing an additional 15,235 shares during the period. Foresight Group Ltd Liability Partnership lifted its stake in shares of Prologis by 240.1% in the third quarter. Foresight Group Ltd Liability Partnership now owns 44,715 shares of the real estate investment trust’s stock valued at $5,109,000 after purchasing an additional 31,567 shares during the period. National Pension Service lifted its stake in shares of Prologis by 2.4% in the third quarter. National Pension Service now owns 2,443,137 shares of the real estate investment trust’s stock valued at $279,788,000 after purchasing an additional 56,272 shares during the period. Envestnet Asset Management Inc. raised its position in Prologis by 3.6% during the third quarter. Envestnet Asset Management Inc. now owns 3,644,875 shares of the real estate investment trust’s stock worth $417,411,000 after acquiring an additional 126,613 shares during the last quarter. Finally, Assetmark Inc. raised its position in Prologis by 10.0% during the third quarter. Assetmark Inc. now owns 79,350 shares of the real estate investment trust’s stock worth $9,087,000 after acquiring an additional 7,217 shares during the last quarter. Hedge funds and other institutional investors own 93.50% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on PLD. Scotiabank lifted their target price on shares of Prologis from $146.00 to $154.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 21st. Freedom Capital cut shares of Prologis from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 23rd. BTIG Research restated a “buy” rating and set a $155.00 target price on shares of Prologis in a research report on Wednesday, April 15th. Mizuho lifted their price target on shares of Prologis from $143.00 to $150.00 and gave the stock an “outperform” rating in a report on Wednesday, April 22nd. Finally, UBS Group lifted their price target on shares of Prologis from $148.00 to $161.00 and gave the stock a “buy” rating in a report on Friday, April 17th. Sixteen research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $149.76.

Prologis Price Performance

Prologis stock opened at $140.50 on Monday. Prologis, Inc. has a 1 year low of $103.02 and a 1 year high of $145.44. The firm has a 50 day moving average price of $137.01 and a 200 day moving average price of $132.73. The company has a market cap of $130.99 billion, a price-to-earnings ratio of 35.39, a PEG ratio of 3.10 and a beta of 1.33. 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 released its quarterly earnings data on Thursday, April 16th. The real estate investment trust reported $1.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.24. Prologis had a net margin of 41.54% and a return on equity of 6.47%. The company had revenue of $2.30 billion during the quarter, compared to the consensus estimate of $2.12 billion. During the same period in the previous year, the firm earned $1.43 earnings per share. Prologis’s revenue for the quarter was up 6.9% on a year-over-year basis. Prologis has set its FY 2026 guidance at 6.070-6.230 EPS. Sell-side analysts predict that Prologis, Inc. will post 6.17 earnings per share for the current year.

Prologis Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders 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 3.0%. The ex-dividend date of this dividend is Tuesday, June 16th. Prologis’s payout ratio is presently 107.81%.

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.