Macquarie Group Ltd. lowered its holdings in Prologis, Inc. (NYSE:PLD – Free Report) by 67.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 902,244 shares of the real estate investment trust’s stock after selling 1,872,225 shares during the period. Macquarie Group Ltd. owned approximately 0.10% of Prologis worth $115,180,000 at the end of the most recent quarter.
Other institutional investors have also recently bought and sold shares of the company. Ares Financial Consulting LLC bought a new stake in Prologis in the 4th quarter valued at about $26,000. High Point Wealth Management LLC bought a new stake in Prologis in the 4th quarter valued at about $26,000. Eagle Bay Advisors LLC bought a new stake in Prologis in the 4th quarter valued at about $27,000. SouthState Bank Corp boosted its holdings in Prologis by 73.1% in the 4th quarter. SouthState Bank Corp now owns 225 shares of the real estate investment trust’s stock valued at $29,000 after purchasing an additional 95 shares during the period. Finally, Hilton Head Capital Partners LLC bought a new stake in Prologis in the 4th quarter valued at about $29,000. Institutional investors own 93.50% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of analysts have issued reports on the stock. Mizuho boosted their price objective on shares of Prologis from $143.00 to $150.00 and gave the company an “outperform” rating in a report on Wednesday, April 22nd. Wells Fargo & Company boosted their price objective on shares of Prologis from $155.00 to $167.00 and gave the company an “overweight” rating in a report on Monday, June 1st. UBS Group boosted their price objective on shares of Prologis from $148.00 to $161.00 and gave the company a “buy” rating in a report on Friday, April 17th. Citigroup upped their price target on shares of Prologis from $145.00 to $165.00 and gave the stock a “buy” rating in a report on Tuesday, April 21st. Finally, DA Davidson upped their price target on shares of Prologis from $140.00 to $160.00 and gave the stock a “buy” rating in a report on Tuesday, April 21st. 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.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $151.86.
Prologis Price Performance
PLD stock opened at $148.49 on Friday. The company has a 50 day simple moving average of $141.99 and a 200 day simple moving average of $135.51. The stock has a market cap of $138.44 billion, a price-to-earnings ratio of 37.40, a P/E/G ratio of 3.24 and a beta of 1.32. Prologis, Inc. has a 1 year low of $103.41 and a 1 year high of $149.70. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.51 and a quick ratio of 0.51.
Prologis (NYSE:PLD – Get Free Report) last released 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. The business had revenue of $2.30 billion during 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 firm’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same period in the prior year, the company earned $1.43 EPS. Prologis has set its FY 2026 guidance at 6.070-6.230 EPS. Research analysts anticipate that Prologis, Inc. will post 6.18 EPS for the current fiscal year.
Prologis Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 16th will be issued a $1.07 dividend. This represents a $4.28 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend is Tuesday, June 16th. Prologis’s dividend payout ratio is presently 107.81%.
Prologis 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.
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