AIA Group Ltd Has $27.30 Million Holdings in Prologis, Inc. $PLD

AIA Group Ltd decreased its position in shares of Prologis, Inc. (NYSE:PLD) by 39.7% in the 3rd quarter, HoldingsChannel reports. The firm owned 238,378 shares of the real estate investment trust’s stock after selling 157,015 shares during the quarter. Prologis accounts for 0.5% of AIA Group Ltd’s portfolio, making the stock its 27th largest holding. AIA Group Ltd’s holdings in Prologis were worth $27,299,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the company. Norges Bank acquired a new stake in shares of Prologis during the 2nd quarter worth approximately $1,288,936,000. Franklin Resources Inc. lifted its stake in Prologis by 216.0% during the second quarter. Franklin Resources Inc. now owns 10,050,843 shares of the real estate investment trust’s stock worth $1,056,545,000 after purchasing an additional 6,870,479 shares during the last quarter. State Street Corp boosted its holdings in shares of Prologis by 1.9% in the 2nd quarter. State Street Corp now owns 58,640,842 shares of the real estate investment trust’s stock valued at $6,164,325,000 after purchasing an additional 1,088,544 shares in the last quarter. Amundi boosted its holdings in shares of Prologis by 22.0% in the 3rd 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 in the last quarter. Finally, Federated Hermes Inc. increased its stake in shares of Prologis by 30.3% in the 3rd quarter. Federated Hermes Inc. now owns 4,256,236 shares of the real estate investment trust’s stock valued at $487,424,000 after purchasing an additional 988,986 shares during the last quarter. 93.50% of the stock is currently owned by institutional investors and hedge funds.

Prologis Stock Performance

Shares of PLD stock opened at $131.20 on Thursday. The stock has a market capitalization of $121.96 billion, a PE ratio of 36.96, a PEG ratio of 3.15 and a beta of 1.41. The business’s 50 day simple moving average is $134.79 and its 200 day simple moving average is $126.68. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.58 and a quick ratio of 0.58. Prologis, Inc. has a one year low of $85.35 and a one year high of $143.95.

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

Prologis Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 17th will be paid a dividend of $1.07 per share. This is a boost from Prologis’s previous quarterly dividend of $1.01. This represents a $4.28 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date of this dividend is Tuesday, March 17th. Prologis’s payout ratio is 120.56%.

Analyst Upgrades and Downgrades

PLD has been the subject of a number of research analyst reports. Weiss Ratings reissued a “buy (b-)” rating on shares of Prologis in a report on Monday, December 29th. Robert W. Baird reiterated a “neutral” rating and issued a $130.00 target price (up from $128.00) on shares of Prologis in a research report on Thursday, January 8th. UBS Group boosted their target price on Prologis from $144.00 to $148.00 and gave the stock a “buy” rating in a research note on Thursday, January 22nd. Morgan Stanley set a $135.00 target price on shares of Prologis in a report on Friday, January 16th. Finally, BNP Paribas Exane raised their price target on shares of Prologis from $129.00 to $140.00 and gave the company an “outperform” rating in a research note on Wednesday, January 21st. Fourteen research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $137.20.

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.