Prologis, Inc. (NYSE:PLD) Shares Acquired by Nissay Asset Management Corp Japan ADV

Nissay Asset Management Corp Japan ADV lifted its stake in shares of Prologis, Inc. (NYSE:PLD) by 1.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 242,091 shares of the real estate investment trust’s stock after purchasing an additional 4,254 shares during the period. Nissay Asset Management Corp Japan ADV’s holdings in Prologis were worth $25,478,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Murphy & Mullick Capital Management Corp acquired a new position in Prologis in the fourth quarter valued at approximately $26,000. Crowley Wealth Management Inc. acquired a new position in Prologis in the fourth quarter valued at approximately $27,000. Centricity Wealth Management LLC acquired a new position in Prologis in the fourth quarter valued at approximately $30,000. Promus Capital LLC acquired a new position in Prologis in the fourth quarter valued at approximately $34,000. Finally, Whipplewood Advisors LLC acquired a new position in Prologis in the fourth quarter valued at approximately $34,000. 93.50% of the stock is currently owned by institutional investors and hedge funds.

Prologis Stock Performance

NYSE:PLD opened at $109.74 on Wednesday. The firm has a market capitalization of $101.83 billion, a PE ratio of 27.44, a price-to-earnings-growth ratio of 2.70 and a beta of 1.25. The business’s fifty day moving average price is $105.46 and its 200 day moving average price is $111.24. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.75 and a quick ratio of 0.43. Prologis, Inc. has a 12 month low of $85.35 and a 12 month high of $132.57.

Prologis (NYSE:PLD) last released its quarterly earnings data on Wednesday, April 16th. The real estate investment trust reported $1.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.38 by $0.04. Prologis had a net margin of 45.50% and a return on equity of 6.44%. The company had revenue of $1.99 billion during the quarter, compared to the consensus estimate of $1.99 billion. On average, sell-side analysts anticipate that Prologis, Inc. will post 5.73 earnings per share for the current fiscal year.

Prologis Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Tuesday, June 17th will be paid a $1.01 dividend. The ex-dividend date is Tuesday, June 17th. This represents a $4.04 annualized dividend and a yield of 3.68%. Prologis’s dividend payout ratio is presently 101.00%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on PLD. Scotiabank upped their price objective on Prologis from $97.00 to $100.00 and gave the company a “sector underperform” rating in a report on Monday. Evercore ISI cut their target price on Prologis from $111.00 to $106.00 and set an “in-line” rating on the stock in a research report on Thursday, April 17th. Raymond James reissued a “market perform” rating on shares of Prologis in a research report on Monday, February 3rd. CJS Securities cut their target price on Prologis from $140.00 to $117.00 in a research report on Friday, April 11th. Finally, Royal Bank of Canada cut their target price on Prologis from $128.00 to $117.00 and set a “sector perform” rating on the stock in a research report on Tuesday, April 29th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, ten have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $121.84.

About Prologis

Prologis, Inc is the global leader in logistics real estate with a focus on high-barrier, high-growth markets. At March 31, 2024, the company owned or had investments in, on a wholly owned basis or through co-investment ventures, properties and development projects expected to total approximately 1.2 billion square feet (115 million square meters) in 19 countries.