Nomura Asset Management Co. Ltd. Buys 59,544 Shares of Prologis, Inc. $PLD

Nomura Asset Management Co. Ltd. increased its stake in shares of Prologis, Inc. (NYSE:PLD) by 3.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 1,715,398 shares of the real estate investment trust’s stock after purchasing an additional 59,544 shares during the quarter. Prologis accounts for 0.6% of Nomura Asset Management Co. Ltd.’s holdings, making the stock its 24th biggest holding. Nomura Asset Management Co. Ltd. owned approximately 0.18% of Prologis worth $218,988,000 as of its most recent filing with the SEC.

Several other large investors have also recently modified their holdings of PLD. Brighton Jones LLC increased its position in shares of Prologis by 629.0% during the 4th quarter. Brighton Jones LLC now owns 17,475 shares of the real estate investment trust’s stock valued at $1,847,000 after purchasing an additional 15,078 shares during the last quarter. Schnieders Capital Management LLC. increased its position in shares of Prologis by 45.4% during the 2nd quarter. Schnieders Capital Management LLC. now owns 10,728 shares of the real estate investment trust’s stock valued at $1,128,000 after purchasing an additional 3,350 shares during the last quarter. Walleye Capital LLC bought a new position in shares of Prologis during the 2nd quarter valued at approximately $422,000. NewEdge Advisors LLC increased its position in shares of Prologis by 6.8% during the 2nd quarter. NewEdge Advisors LLC now owns 63,829 shares of the real estate investment trust’s stock valued at $6,710,000 after purchasing an additional 4,074 shares during the last quarter. Finally, Treasurer of the State of North Carolina increased its position in shares of Prologis by 2.4% during the 2nd quarter. Treasurer of the State of North Carolina now owns 433,312 shares of the real estate investment trust’s stock valued at $45,550,000 after purchasing an additional 10,266 shares during the last quarter. Institutional investors own 93.50% of the company’s stock.

Analyst Upgrades and Downgrades

PLD has been the topic of several analyst reports. Mizuho boosted their target price on Prologis from $143.00 to $150.00 and gave the company an “outperform” rating in a research report on Wednesday, April 22nd. Truist Financial boosted their target price on Prologis from $139.00 to $154.00 and gave the company a “buy” rating in a research report on Friday, April 24th. Jefferies Financial Group dropped their price objective on Prologis from $157.00 to $155.00 and set a “buy” rating for the company in a report on Tuesday, April 14th. Citigroup boosted their price objective on Prologis from $145.00 to $165.00 and gave the company a “buy” rating in a report on Tuesday, April 21st. Finally, Royal Bank Of Canada boosted their price objective on Prologis from $135.00 to $148.00 and gave the company a “sector perform” rating in a report on Tuesday, April 28th. Sixteen analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, Prologis has an average rating of “Moderate Buy” and a consensus target price of $150.52.

Prologis Price Performance

Shares of PLD stock opened at $143.80 on Friday. Prologis, Inc. has a twelve month low of $103.41 and a twelve month high of $147.93. The stock has a market capitalization of $134.07 billion, a price-to-earnings ratio of 36.22, a P/E/G ratio of 3.16 and a beta of 1.33. The stock has a fifty day simple moving average of $139.20 and a two-hundred day simple moving average of $134.11. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.60.

Prologis (NYSE:PLD) last issued its earnings results on Thursday, April 16th. The real estate investment trust reported $1.05 earnings per share 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 during the quarter, compared to analysts’ expectations of $2.12 billion. During the same period in the prior year, the business earned $1.43 EPS. The business’s revenue for the quarter was up 6.9% compared to the same quarter last year. Prologis has set its FY 2026 guidance at 6.070-6.230 EPS. On average, analysts predict that Prologis, Inc. will post 6.18 EPS for the current fiscal year.

Prologis Dividend Announcement

The company 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 dividend yield of 3.0%. The ex-dividend date is Tuesday, June 16th. Prologis’s dividend payout ratio is currently 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.