Aviva PLC Grows Position in Prologis, Inc. $PLD

Aviva PLC raised its holdings in shares of Prologis, Inc. (NYSE:PLD) by 14.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,004,236 shares of the real estate investment trust’s stock after buying an additional 127,219 shares during the quarter. Aviva PLC owned about 0.11% of Prologis worth $128,201,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of PLD. Brighton Jones LLC grew its holdings in shares of Prologis by 629.0% in the fourth quarter. Brighton Jones LLC now owns 17,475 shares of the real estate investment trust’s stock valued at $1,847,000 after purchasing an additional 15,078 shares during the period. Schnieders Capital Management LLC. lifted its position in Prologis by 45.4% in the second quarter. Schnieders Capital Management LLC. now owns 10,728 shares of the real estate investment trust’s stock valued at $1,128,000 after buying an additional 3,350 shares during the last quarter. Walleye Capital LLC acquired a new position in Prologis in the second quarter valued at about $422,000. NewEdge Advisors LLC lifted its position in Prologis by 6.8% in the second quarter. NewEdge Advisors LLC now owns 63,829 shares of the real estate investment trust’s stock valued at $6,710,000 after buying an additional 4,074 shares during the last quarter. Finally, Treasurer of the State of North Carolina lifted its position in Prologis by 2.4% in the second quarter. Treasurer of the State of North Carolina now owns 433,312 shares of the real estate investment trust’s stock valued at $45,550,000 after buying an additional 10,266 shares during the last quarter. Hedge funds and other institutional investors own 93.50% of the company’s stock.

Analyst Upgrades and Downgrades

PLD has been the topic of a number of recent analyst reports. Truist Financial upped their target price on shares of Prologis from $139.00 to $154.00 and gave the company a “buy” rating in a research report on Friday, April 24th. Robert W. Baird upped their target price on shares of Prologis from $133.00 to $136.00 and gave the company a “neutral” rating in a research report on Friday, April 17th. Wall Street Zen raised shares of Prologis from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Jefferies Financial Group decreased their target price on shares of Prologis from $157.00 to $155.00 and set a “buy” rating on the stock in a research report on Tuesday, April 14th. Finally, Wells Fargo & Company upped their target price on shares of Prologis from $155.00 to $167.00 and gave the company an “overweight” rating in a research report on Monday, June 1st. Sixteen analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $151.86.

Prologis Stock Up 1.2%

Shares of PLD opened at $147.49 on Friday. The stock has a market capitalization of $137.51 billion, a PE ratio of 37.15, a P/E/G ratio of 3.21 and a beta of 1.32. Prologis, Inc. has a 1 year low of $103.41 and a 1 year high of $148.46. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.51 and a current ratio of 0.51. The company’s 50-day simple moving average is $141.69 and its 200-day simple moving average is $135.42.

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

Prologis Dividend Announcement

The firm 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 annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend is Tuesday, June 16th. Prologis’s dividend payout ratio is currently 107.81%.

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.