APG Asset Management US Inc. Has $2.29 Billion Stock Holdings in Prologis, Inc. $PLD

APG Asset Management US Inc. grew its position in shares of Prologis, Inc. (NYSE:PLD) by 0.1% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 19,656,247 shares of the real estate investment trust’s stock after acquiring an additional 26,342 shares during the quarter. Prologis makes up 16.9% of APG Asset Management US Inc.’s holdings, making the stock its largest holding. APG Asset Management US Inc.’s holdings in Prologis were worth $2,289,560,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of PLD. Clayton Financial Group LLC purchased a new position in Prologis in the third quarter worth about $26,000. Silver Oak Securities Incorporated bought a new position in shares of Prologis in the 3rd quarter worth approximately $36,000. Rossby Financial LCC boosted its holdings in shares of Prologis by 69.6% in the third quarter. Rossby Financial LCC now owns 329 shares of the real estate investment trust’s stock worth $38,000 after buying an additional 135 shares during the last quarter. AlphaQuest LLC purchased a new position in shares of Prologis during the 3rd quarter worth $39,000. Finally, Clear Investment Research LLC grew its holdings in Prologis by 34.5% during the third quarter. Clear Investment Research LLC now owns 343 shares of the real estate investment trust’s stock valued at $39,000 after purchasing an additional 88 shares during the period. Hedge funds and other institutional investors own 93.50% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on PLD shares. Mizuho upped their price target on shares of Prologis from $138.00 to $143.00 and gave the stock an “outperform” rating in a research report on Monday, January 26th. The Goldman Sachs Group upped their target price on shares of Prologis from $137.00 to $148.00 and gave the stock a “neutral” rating in a report on Monday, February 9th. Citigroup reiterated a “buy” rating on shares of Prologis in a research note on Monday, January 26th. Royal Bank Of Canada boosted their price objective on Prologis from $132.00 to $135.00 and gave the company a “sector perform” rating in a research report on Monday, February 2nd. Finally, Argus increased their target price on Prologis from $128.00 to $135.00 and gave the stock a “buy” rating in a research report on Thursday, January 22nd. Fourteen research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $136.95.

Insiders Place Their Bets

In other news, Director Cristina Gabriela Bita sold 621 shares of the firm’s stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $127.60, for a total value of $79,239.60. Following the completion of the sale, the director directly owned 8,208 shares of the company’s stock, valued at $1,047,340.80. This trade represents a 7.03% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.57% of the stock is owned by insiders.

Prologis Trading Down 0.2%

PLD stock opened at $142.44 on Friday. The firm has a fifty day moving average price of $132.89 and a 200 day moving average price of $124.34. Prologis, Inc. has a fifty-two week low of $85.35 and a fifty-two week high of $143.95. The firm has a market cap of $132.41 billion, a PE ratio of 40.12, a price-to-earnings-growth ratio of 3.52 and a beta of 1.42. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.58 and a current ratio of 0.58.

Prologis (NYSE:PLD) last released its quarterly earnings data on Wednesday, January 21st. The real estate investment trust reported $1.44 EPS for the quarter, meeting the consensus estimate of $1.44. Prologis had a net margin of 37.86% and a return on equity of 5.79%. The business had revenue of $2.25 billion during the quarter, compared to analyst estimates of $2.09 billion. During the same quarter last year, the business earned $1.42 earnings per share. Prologis’s quarterly revenue was up 7.8% compared to the same quarter last year. Prologis has set its FY 2026 guidance at 6.000-6.200 EPS. Sell-side analysts anticipate that Prologis, Inc. will post 5.73 earnings per share for the current fiscal year.

Prologis Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 17th will be given a $1.07 dividend. This is an increase from Prologis’s previous quarterly dividend of $1.01. This represents a $4.28 annualized dividend and a yield of 3.0%. The ex-dividend date is Tuesday, March 17th. Prologis’s dividend payout ratio (DPR) is 113.80%.

About Prologis

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.