Capital International Sarl Acquires New Shares in Prologis, Inc. $PLD

Capital International Sarl acquired a new stake in shares of Prologis, Inc. (NYSE:PLD) during the fourth quarter, according to its most recent filing with the SEC. The fund acquired 5,227 shares of the real estate investment trust’s stock, valued at approximately $667,000.

A number of other institutional investors have also added to or reduced their stakes in the business. Vanguard Group Inc. increased its stake in Prologis by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 123,323,290 shares of the real estate investment trust’s stock worth $15,743,451,000 after acquiring an additional 1,258,407 shares during the last quarter. Geode Capital Management LLC increased its stake in Prologis by 1.5% in the 4th quarter. Geode Capital Management LLC now owns 23,012,940 shares of the real estate investment trust’s stock worth $2,925,791,000 after acquiring an additional 339,906 shares during the last quarter. Norges Bank bought a new position in Prologis in the 4th quarter worth about $1,589,125,000. Legal & General Group Plc increased its stake in Prologis by 6.1% in the 4th quarter. Legal & General Group Plc now owns 11,443,741 shares of the real estate investment trust’s stock worth $1,460,908,000 after acquiring an additional 661,502 shares during the last quarter. Finally, Principal Financial Group Inc. increased its stake in Prologis by 1.3% in the 4th quarter. Principal Financial Group Inc. now owns 10,946,760 shares of the real estate investment trust’s stock worth $1,397,467,000 after acquiring an additional 135,912 shares during the last quarter. 93.50% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on PLD. BTIG Research restated a “buy” rating and issued a $155.00 target price on shares of Prologis in a research note on Wednesday, April 15th. Morgan Stanley upped their price objective on Prologis from $135.00 to $151.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 26th. Bank of America upped their price objective on Prologis from $153.00 to $162.00 and gave the stock a “buy” rating in a report on Monday, April 20th. Argus upped their price objective on Prologis from $135.00 to $152.00 and gave the stock a “buy” rating in a report on Friday, April 17th. Finally, UBS Group upped their price objective on Prologis from $148.00 to $161.00 and gave the stock a “buy” rating in a report on Friday, April 17th. Sixteen analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $151.86.

Prologis Price Performance

PLD opened at $142.84 on Tuesday. The stock has a 50-day moving average price of $140.66 and a 200-day moving average price of $134.93. Prologis, Inc. has a 12-month low of $103.41 and a 12-month high of $147.93. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.60. The stock has a market capitalization of $133.18 billion, a P/E ratio of 35.98, a PEG 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 (EPS) for the quarter, topping analysts’ consensus estimates of $0.81 by $0.24. Prologis had a return on equity of 6.47% and a net margin of 41.54%.The firm had revenue of $2.30 billion during the quarter, compared to analysts’ expectations of $2.12 billion. During the same period in the prior year, the business earned $1.43 EPS. The company’s revenue for the quarter was up 6.9% compared to the same quarter last year. Prologis has set its FY 2026 guidance at 6.070-6.230 EPS. Equities analysts predict that Prologis, Inc. will post 6.18 earnings per share for the current fiscal year.

Prologis Announces Dividend

The business also recently announced 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. The ex-dividend date is Tuesday, June 16th. This represents a $4.28 annualized dividend and a yield of 3.0%. Prologis’s dividend payout ratio 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.