Capital International Inc. CA Sells 46,960 Shares of Prologis, Inc. $PLD

Capital International Inc. CA decreased its position in shares of Prologis, Inc. (NYSE:PLD) by 31.2% in the 4th quarter, HoldingsChannel reports. The fund owned 103,646 shares of the real estate investment trust’s stock after selling 46,960 shares during the period. Capital International Inc. CA’s holdings in Prologis were worth $13,231,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in shares of Prologis by 1.0% during 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 acquiring an additional 1,258,407 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Prologis by 1.5% during the fourth quarter. Geode Capital Management LLC now owns 23,012,940 shares of the real estate investment trust’s stock valued at $2,925,791,000 after acquiring an additional 339,906 shares in the last quarter. Norges Bank bought a new stake in shares of Prologis during the fourth quarter valued at approximately $1,589,125,000. Legal & General Group Plc increased its holdings in shares of Prologis by 6.1% during the fourth quarter. Legal & General Group Plc now owns 11,443,741 shares of the real estate investment trust’s stock valued at $1,460,908,000 after acquiring an additional 661,502 shares in the last quarter. Finally, Principal Financial Group Inc. increased its holdings in shares of Prologis by 1.3% during the fourth quarter. Principal Financial Group Inc. now owns 10,946,760 shares of the real estate investment trust’s stock valued at $1,397,467,000 after acquiring an additional 135,912 shares in the last quarter. Institutional investors own 93.50% of the company’s stock.

Prologis Stock Up 0.1%

PLD stock opened at $144.69 on Monday. The stock’s fifty day simple moving average is $140.40 and its two-hundred day simple moving average is $134.80. 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, Inc. has a 1-year low of $103.41 and a 1-year high of $147.93. The stock has a market cap of $134.90 billion, a P/E ratio of 36.45, a P/E/G ratio of 3.18 and a beta of 1.32.

Prologis (NYSE:PLD) last posted its quarterly earnings data 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 for the quarter, compared to analysts’ expectations of $2.12 billion. During the same quarter in the previous year, the firm earned $1.43 earnings per share. The business’s revenue was up 6.9% on a year-over-year basis. Prologis has set its FY 2026 guidance at 6.070-6.230 EPS. Analysts expect that Prologis, Inc. will post 6.18 EPS for the current year.

Prologis Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 16th will be given a dividend of $1.07 per share. This represents a $4.28 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend is Tuesday, June 16th. Prologis’s dividend payout ratio is currently 107.81%.

Wall Street Analyst Weigh In

PLD has been the subject of several recent research reports. Jefferies Financial Group decreased 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. Wall Street Zen raised Prologis from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. BNP Paribas Exane lifted their target price on Prologis from $140.00 to $150.00 and gave the company an “outperform” rating in a research report on Friday, April 17th. Scotiabank lifted their target price on Prologis from $146.00 to $154.00 and gave the company an “outperform” rating in a research report on Tuesday, April 21st. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating and set a $157.00 target price on shares of Prologis in a research report on Friday, April 17th. Sixteen investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, Prologis currently has a consensus rating of “Moderate Buy” and a consensus price target of $151.86.

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.