Capital International Investors Sells 1,932,826 Shares of Prologis, Inc. $PLD

Capital International Investors decreased its holdings in shares of Prologis, Inc. (NYSE:PLD) by 26.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,314,557 shares of the real estate investment trust’s stock after selling 1,932,826 shares during the period. Capital International Investors’ holdings in Prologis were worth $678,456,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. boosted its position in shares of Prologis by 1.0% during the 4th 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 purchasing an additional 1,258,407 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Prologis by 1.5% during the 4th 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 purchasing an additional 339,906 shares in the last quarter. Norges Bank bought a new stake in shares of Prologis during the 4th quarter valued at about $1,589,125,000. Legal & General Group Plc boosted its position in shares of Prologis by 6.1% during the 4th 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 purchasing an additional 661,502 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its position in shares of Prologis by 1.3% during the 4th 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 purchasing an additional 135,912 shares in the last quarter. Institutional investors own 93.50% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Royal Bank Of Canada upped their target price on Prologis from $135.00 to $148.00 and gave the company a “sector perform” rating in a research report on Tuesday, April 28th. Argus upped their price target on Prologis from $135.00 to $152.00 and gave the stock a “buy” rating in a research note on Friday, April 17th. Truist Financial upped their price target on Prologis from $139.00 to $154.00 and gave the stock a “buy” rating in a research note on Friday, April 24th. Citigroup upped their price target on Prologis from $145.00 to $165.00 and gave the stock a “buy” rating in a research note on Tuesday, April 21st. Finally, Wells Fargo & Company upped their price target on Prologis from $155.00 to $167.00 and gave the stock an “overweight” rating in a research note on Monday, June 1st. Sixteen equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $151.86.

Prologis Stock Up 0.1%

PLD stock opened at $144.69 on Monday. The company has a market cap of $134.90 billion, a P/E ratio of 36.45, a price-to-earnings-growth ratio of 3.18 and a beta of 1.32. Prologis, Inc. has a fifty-two week low of $103.41 and a fifty-two week high of $147.93. The stock’s 50 day simple moving average is $140.40 and its 200 day simple moving average is $134.80. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.51 and a current ratio of 0.51.

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

Prologis Dividend Announcement

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

Prologis Company 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.