Louisiana State Employees Retirement System Acquires Shares of 47,400 Prologis, Inc. $PLD

Louisiana State Employees Retirement System bought a new stake in Prologis, Inc. (NYSE:PLD) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 47,400 shares of the real estate investment trust’s stock, valued at approximately $6,265,000.

Several other hedge funds have also made changes to their positions in PLD. First American Bank grew its holdings in shares of Prologis by 1.5% during the first quarter. First American Bank now owns 39,414 shares of the real estate investment trust’s stock worth $5,210,000 after buying an additional 585 shares during the last quarter. Kestra Private Wealth Services LLC grew its stake in shares of Prologis by 1.3% in the 1st quarter. Kestra Private Wealth Services LLC now owns 57,487 shares of the real estate investment trust’s stock valued at $7,599,000 after purchasing an additional 733 shares during the last quarter. Friedenthal Financial purchased a new position in shares of Prologis in the 1st quarter valued at approximately $98,000. Brian Low Financial Group LLC increased its holdings in shares of Prologis by 10.4% in the first quarter. Brian Low Financial Group LLC now owns 15,824 shares of the real estate investment trust’s stock valued at $2,092,000 after purchasing an additional 1,488 shares during the period. Finally, BTC Capital Management Inc. increased its holdings in shares of Prologis by 1.2% in the first quarter. BTC Capital Management Inc. now owns 68,516 shares of the real estate investment trust’s stock valued at $9,054,000 after purchasing an additional 828 shares during the period. Institutional investors and hedge funds own 93.50% of the company’s stock.

Prologis News Roundup

Here are the key news stories impacting Prologis this week:

• Positive Sentiment: Prologis disclosed a strategic takeover proposal for SEGRO, signaling a potential major expansion in the U.K. industrial property market and creating optionality for long-term growth. Reuters article
• Positive Sentiment: Analysts suggested Prologis could afford to make a higher offer, which keeps alive the possibility of a deal that could strengthen its global portfolio. Proactive Investors article
• Neutral Sentiment: Wall Street expects Prologis to post only single-digit EPS growth when it reports second-quarter results next month, suggesting steady but not explosive near-term earnings momentum. Barchart article
• Neutral Sentiment: Several market commentary pieces highlighted Prologis as a growth and momentum name, but these were largely screening/watchlist mentions rather than new company-specific catalysts. Zacks article
• Negative Sentiment: SEGRO’s rejection of the offer introduces execution risk and leaves uncertainty over whether Prologis will pursue a larger bid or face a failed acquisition effort. Yahoo Finance article

Analyst Upgrades and Downgrades

PLD has been the subject of several recent research reports. Truist Financial increased their price target on Prologis from $139.00 to $154.00 and gave the stock a “buy” rating in a report on Friday, April 24th. Wall Street Zen upgraded shares of Prologis from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. UBS Group lifted their price target on Prologis from $148.00 to $161.00 and gave the company a “buy” rating in a research note on Friday, April 17th. Jefferies Financial Group dropped their price objective on Prologis from $157.00 to $155.00 and set a “buy” rating on the stock in a report on Tuesday, April 14th. Finally, Raymond James Financial started coverage on Prologis in a report on Thursday, June 18th. They issued a “market perform” rating for the company. Fifteen analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $151.48.

Insider Buying and Selling

In related news, CFO Timothy D. Arndt sold 3,597 shares of the stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $150.00, for a total value of $539,550.00. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.52% of the company’s stock.

Prologis Price Performance

Shares of NYSE:PLD opened at $140.23 on Friday. The firm has a market capitalization of $130.74 billion, a price-to-earnings ratio of 35.32, a price-to-earnings-growth ratio of 3.06 and a beta of 1.32. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.51 and a quick ratio of 0.51. The business’s 50 day simple moving average is $143.30 and its 200-day simple moving average is $136.50. Prologis, Inc. has a 12 month low of $103.41 and a 12 month high of $150.18.

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

Prologis Announces Dividend

The firm 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. The ex-dividend date is Tuesday, June 16th. This represents a $4.28 annualized dividend and a dividend yield of 3.1%. Prologis’s 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.