Prologis, Inc. $PLD Shares Acquired by Flputnam Investment Management Co.

Flputnam Investment Management Co. lifted its holdings in shares of Prologis, Inc. (NYSE:PLD) by 25.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 58,637 shares of the real estate investment trust’s stock after buying an additional 11,977 shares during the quarter. Flputnam Investment Management Co.’s holdings in Prologis were worth $7,486,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in PLD. Swedbank AB increased its position in shares of Prologis by 36.2% during the fourth quarter. Swedbank AB now owns 7,664,583 shares of the real estate investment trust’s stock worth $978,461,000 after purchasing an additional 2,038,329 shares in the last quarter. Bessemer Group Inc. increased its position in shares of Prologis by 8,000.9% during the fourth quarter. Bessemer Group Inc. now owns 1,595,963 shares of the real estate investment trust’s stock worth $203,741,000 after purchasing an additional 1,576,262 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Prologis by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 123,323,290 shares of the real estate investment trust’s stock worth $15,743,451,000 after purchasing an additional 1,258,407 shares in the last quarter. Amundi increased its position in shares of Prologis by 22.0% during the third quarter. Amundi now owns 5,651,563 shares of the real estate investment trust’s stock worth $661,968,000 after purchasing an additional 1,020,819 shares in the last quarter. Finally, Federated Hermes Inc. increased its position in shares of Prologis by 30.3% during the third quarter. Federated Hermes Inc. now owns 4,256,236 shares of the real estate investment trust’s stock worth $487,424,000 after purchasing an additional 988,986 shares in the last quarter. 93.50% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

PLD has been the subject of several research reports. JPMorgan Chase & Co. boosted their price target on Prologis from $141.00 to $157.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 21st. Citigroup boosted their price target on Prologis from $145.00 to $165.00 and gave the stock a “buy” rating in a research report on Tuesday, April 21st. Robert W. Baird boosted their price target on Prologis from $133.00 to $136.00 and gave the stock a “neutral” rating in a research report on Friday, April 17th. The Goldman Sachs Group restated a “neutral” rating and issued a $157.00 target price on shares of Prologis in a report on Friday, April 17th. Finally, BMO Capital Markets upgraded Prologis from a “market perform” rating to an “outperform” rating and upped their target price for the company from $137.00 to $162.00 in a report on Thursday, May 7th. Sixteen equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $150.52.

Prologis Stock Down 0.3%

Shares of NYSE:PLD opened at $146.55 on Thursday. 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 business has a fifty day moving average of $138.69 and a two-hundred day moving average of $133.90. The stock has a market cap of $136.63 billion, a P/E ratio of 36.91, a PEG ratio of 3.24 and a beta of 1.33. Prologis, Inc. has a 52-week low of $103.41 and a 52-week high of $147.93.

Prologis (NYSE:PLD) last issued its earnings results on Thursday, April 16th. The real estate investment trust reported $1.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.24. The company 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 firm’s quarterly revenue was up 6.9% on a year-over-year basis. During the same period in the prior year, the business earned $1.43 EPS. Prologis has set its FY 2026 guidance at 6.070-6.230 EPS. On average, research analysts expect that Prologis, Inc. will post 6.17 earnings per share for the current year.

Prologis Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 16th will be issued a $1.07 dividend. This represents a $4.28 annualized dividend and a yield of 2.9%. The ex-dividend date is Tuesday, June 16th. Prologis’s dividend payout ratio is presently 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.