Prologis, Inc. $PLD Shares Purchased by Aviva PLC

Aviva PLC boosted its position in Prologis, Inc. (NYSE:PLD) by 14.5% during the 4th quarter, Holdings Channel reports. The fund owned 1,004,236 shares of the real estate investment trust’s stock after acquiring an additional 127,219 shares during the quarter. Aviva PLC’s holdings in Prologis were worth $128,201,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in PLD. Norges Bank acquired a new stake in Prologis in the fourth quarter valued at approximately $1,589,125,000. Swedbank AB increased its stake in Prologis by 36.2% in the fourth quarter. Swedbank AB now owns 7,664,583 shares of the real estate investment trust’s stock valued at $978,461,000 after purchasing an additional 2,038,329 shares during the last quarter. Bessemer Group Inc. increased its stake in Prologis by 8,000.9% in the fourth quarter. Bessemer Group Inc. now owns 1,595,963 shares of the real estate investment trust’s stock valued at $203,741,000 after purchasing an additional 1,576,262 shares during the last quarter. Vanguard Group Inc. increased its stake in Prologis by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 123,323,290 shares of the real estate investment trust’s stock valued at $15,743,451,000 after purchasing an additional 1,258,407 shares during the last quarter. Finally, Amundi increased its stake in Prologis by 22.0% in the third quarter. Amundi now owns 5,651,563 shares of the real estate investment trust’s stock valued at $661,968,000 after purchasing an additional 1,020,819 shares during the last quarter. Institutional investors and hedge funds own 93.50% of the company’s stock.

Prologis Stock Performance

Shares of PLD opened at $147.49 on Friday. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.60. The firm has a market cap of $137.51 billion, a PE ratio of 37.15, a price-to-earnings-growth ratio of 3.21 and a beta of 1.32. The company’s 50 day simple moving average is $141.69 and its 200-day simple moving average is $135.42. Prologis, Inc. has a 12-month low of $103.41 and a 12-month high of $148.46.

Prologis (NYSE:PLD) last announced its earnings results on Thursday, April 16th. The real estate investment trust reported $1.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.81 by $0.24. The business had revenue of $2.30 billion for the quarter, compared to analyst estimates of $2.12 billion. Prologis had a net margin of 41.54% and a return on equity of 6.47%. The company’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same period last year, the firm posted $1.43 earnings per share. Prologis has set its FY 2026 guidance at 6.070-6.230 EPS. As a group, equities analysts predict that Prologis, Inc. will post 6.18 EPS for the current year.

Prologis Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 16th will be given a $1.07 dividend. This represents a $4.28 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date is Tuesday, June 16th. Prologis’s dividend payout ratio (DPR) is 107.81%.

Wall Street Analyst Weigh In

PLD has been the topic of several recent analyst reports. Mizuho increased their price target on shares of Prologis from $143.00 to $150.00 and gave the company an “outperform” rating in a research note on Wednesday, April 22nd. Royal Bank Of Canada increased their price target on shares of Prologis from $135.00 to $148.00 and gave the company a “sector perform” rating in a research note on Tuesday, April 28th. Robert W. Baird increased their price target on shares of Prologis from $133.00 to $136.00 and gave the company a “neutral” rating in a research note on Friday, April 17th. BNP Paribas Exane increased their price target on shares of Prologis from $140.00 to $150.00 and gave the company an “outperform” rating in a research note on Friday, April 17th. Finally, BMO Capital Markets upgraded shares of Prologis from a “market perform” rating to an “outperform” rating and increased their price target for the company from $137.00 to $162.00 in a research note on Thursday, May 7th. Sixteen investment analysts have rated the stock with a Buy rating and six have assigned 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 $151.86.

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.