Prologis, Inc. $PLD Stock Holdings Increased by Oregon Public Employees Retirement Fund

Oregon Public Employees Retirement Fund grew its position in shares of Prologis, Inc. (NYSE:PLD) by 0.8% during the second quarter, HoldingsChannel reports. The institutional investor owned 80,222 shares of the real estate investment trust’s stock after buying an additional 600 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Prologis were worth $8,433,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also made changes to their positions in PLD. Activest Wealth Management lifted its stake in Prologis by 637.1% during the first quarter. Activest Wealth Management now owns 258 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 223 shares during the last quarter. Pandora Wealth Inc. bought a new position in shares of Prologis in the 1st quarter worth about $34,000. GKV Capital Management Co. Inc. acquired a new position in shares of Prologis in the 1st quarter valued at about $34,000. Saudi Central Bank acquired a new position in shares of Prologis in the 1st quarter valued at about $41,000. Finally, Olde Wealth Management LLC acquired a new stake in Prologis during the first quarter worth about $43,000. 93.50% of the stock is currently owned by institutional investors.

Prologis Stock Down 2.8%

PLD stock opened at $111.29 on Monday. The firm’s 50-day moving average is $111.79 and its two-hundred day moving average is $107.73. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.61. The company has a market capitalization of $103.35 billion, a price-to-earnings ratio of 30.16, a price-to-earnings-growth ratio of 2.81 and a beta of 1.28. Prologis, Inc. has a 52 week low of $85.35 and a 52 week high of $127.65.

Prologis (NYSE:PLD) last announced its earnings results on Wednesday, July 16th. The real estate investment trust reported $1.46 EPS for the quarter, topping the consensus estimate of $1.41 by $0.05. The firm had revenue of $2.03 billion for the quarter, compared to analysts’ expectations of $2.03 billion. Prologis had a return on equity of 5.96% and a net margin of 40.29%.The firm’s quarterly revenue was up 8.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.34 earnings per share. Prologis has set its FY 2025 guidance at 5.750-5.800 EPS. On average, analysts forecast that Prologis, Inc. will post 5.73 earnings per share for the current fiscal year.

Prologis Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Tuesday, September 16th were issued a dividend of $1.01 per share. This represents a $4.04 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date of this dividend was Tuesday, September 16th. Prologis’s payout ratio is presently 109.49%.

Analysts Set New Price Targets

A number of equities analysts have commented on PLD shares. Mizuho set a $118.00 target price on Prologis and gave the company an “outperform” rating in a research note on Tuesday, August 19th. UBS Group raised their price target on Prologis from $106.00 to $120.00 and gave the stock a “buy” rating in a report on Tuesday, July 8th. Citigroup dropped their target price on Prologis from $150.00 to $140.00 and set a “buy” rating on the stock in a research report on Wednesday, July 23rd. Scotiabank set a $114.00 price objective on shares of Prologis and gave the company a “sector perform” rating in a research report on Wednesday, August 27th. Finally, Wells Fargo & Company set a $137.00 target price on shares of Prologis and gave the stock an “overweight” rating in a research report on Sunday, July 13th. Two research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat.com, Prologis has an average rating of “Moderate Buy” and an average target price of $122.58.

Insider Transactions at Prologis

In other news, Director Cristina Gabriela Bita sold 1,000 shares of the firm’s stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $111.00, for a total transaction of $111,000.00. Following the completion of the transaction, the director owned 9,829 shares in the company, valued at approximately $1,091,019. This trade represents a 9.23% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CAO Lori A. Palazzolo sold 25,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of $111.33, for a total transaction of $2,783,250.00. Following the completion of the sale, the chief accounting officer owned 414 shares in the company, valued at $46,090.62. The trade was a 98.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 26,500 shares of company stock worth $2,952,095. 0.57% of the stock is owned by corporate insiders.

Prologis Company Profile

Prologis, Inc is the global leader in logistics real estate with a focus on high-barrier, high-growth markets. At March 31, 2024, the company owned or had investments in, on a wholly owned basis or through co-investment ventures, properties and development projects expected to total approximately 1.2 billion square feet (115 million square meters) in 19 countries.