Axiom Investors LLC DE Has $62.41 Million Stake in Prologis, Inc. $PLD

Axiom Investors LLC DE trimmed its stake in Prologis, Inc. (NYSE:PLD) by 8.0% during the 4th quarter, HoldingsChannel.com reports. The firm owned 488,870 shares of the real estate investment trust’s stock after selling 42,413 shares during the period. Axiom Investors LLC DE’s holdings in Prologis were worth $62,409,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Nvwm LLC grew its position in Prologis by 6,069.7% in the 4th quarter. Nvwm LLC now owns 15,486 shares of the real estate investment trust’s stock worth $1,977,000 after purchasing an additional 15,235 shares during the last quarter. Foresight Group Ltd Liability Partnership grew its position in Prologis by 240.1% in the 3rd quarter. Foresight Group Ltd Liability Partnership now owns 44,715 shares of the real estate investment trust’s stock worth $5,109,000 after purchasing an additional 31,567 shares during the last quarter. Assetmark Inc. grew its position in Prologis by 10.0% in the 3rd quarter. Assetmark Inc. now owns 79,350 shares of the real estate investment trust’s stock worth $9,087,000 after purchasing an additional 7,217 shares during the last quarter. State of New Jersey Common Pension Fund D boosted its position in shares of Prologis by 1.9% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 754,060 shares of the real estate investment trust’s stock valued at $86,355,000 after acquiring an additional 14,318 shares in the last quarter. Finally, Public Sector Pension Investment Board boosted its position in shares of Prologis by 32.1% during the 3rd quarter. Public Sector Pension Investment Board now owns 252,188 shares of the real estate investment trust’s stock valued at $28,881,000 after acquiring an additional 61,230 shares in the last quarter. 93.50% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on PLD. Argus lifted their target price on shares of Prologis from $135.00 to $152.00 and gave the company a “buy” rating in a research report on Friday, April 17th. BTIG Research reiterated a “buy” rating and set a $155.00 target price on shares of Prologis in a research report on Wednesday, April 15th. BNP Paribas Exane lifted their target price on shares of 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 shares of Prologis from $146.00 to $154.00 and gave the company an “outperform” rating in a research report on Tuesday, April 21st. Finally, Morgan Stanley lifted their target price on shares of Prologis from $135.00 to $151.00 and gave the company an “equal weight” rating in a research report on Tuesday, May 26th. Sixteen research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $151.86.

Prologis Trading Up 3.3%

Shares of PLD stock opened at $147.48 on Wednesday. Prologis, Inc. has a 12-month low of $103.41 and a 12-month high of $148.29. The company has a market capitalization of $137.50 billion, a P/E ratio of 37.15, a P/E/G ratio of 3.14 and a beta of 1.32. The firm has a 50-day moving average price of $141.04 and a 200 day moving average price of $135.11. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 0.60.

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

Prologis Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 16th will be issued a dividend of $1.07 per share. This represents a $4.28 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend is Tuesday, June 16th. Prologis’s dividend payout ratio (DPR) is currently 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.