State of Wisconsin Investment Board lessened its stake in shares of Prologis, Inc. (NYSE:PLD – Free Report) by 1.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 481,015 shares of the real estate investment trust’s stock after selling 6,599 shares during the period. State of Wisconsin Investment Board owned approximately 0.05% of Prologis worth $61,406,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in PLD. Brighton Jones LLC increased its position in Prologis by 629.0% during the 4th quarter. Brighton Jones LLC now owns 17,475 shares of the real estate investment trust’s stock valued at $1,847,000 after buying an additional 15,078 shares in the last quarter. Schnieders Capital Management LLC. increased its position in Prologis by 45.4% during the 2nd 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 in the last quarter. Walleye Capital LLC bought a new position in Prologis during the 2nd quarter valued at approximately $422,000. NewEdge Advisors LLC increased its position in Prologis by 6.8% during the 2nd 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 in the last quarter. Finally, Treasurer of the State of North Carolina increased its position in Prologis by 2.4% during the 2nd 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 in the last quarter. Institutional investors own 93.50% of the company’s stock.
Analyst Upgrades and Downgrades
PLD has been the subject of a number of analyst reports. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $157.00 price objective on shares of Prologis in a research report on Friday, April 17th. Royal Bank Of Canada lifted their target price on Prologis from $135.00 to $148.00 and gave the stock a “sector perform” rating in a report on Tuesday, April 28th. BTIG Research reissued a “buy” rating and issued a $155.00 target price on shares of Prologis in a report on Wednesday, April 15th. Morgan Stanley lifted their target price on Prologis from $135.00 to $151.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 26th. Finally, Wells Fargo & Company lifted their target price on Prologis from $155.00 to $167.00 and gave the stock an “overweight” rating in a report on Monday, June 1st. Sixteen research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, Prologis has a consensus rating of “Moderate Buy” and an average price target of $151.86.
Prologis Stock Down 1.6%
Prologis stock opened at $146.08 on Wednesday. The firm has a market cap of $136.20 billion, a price-to-earnings ratio of 36.80, a PEG ratio of 3.27 and a beta of 1.32. The stock has a fifty day simple moving average of $142.52 and a two-hundred day simple moving average of $135.85. Prologis, Inc. has a 12 month low of $103.41 and a 12 month high of $150.18. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.60.
Prologis (NYSE:PLD – Get Free Report) last posted its earnings results on Thursday, April 16th. The real estate investment trust reported $1.05 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 analyst estimates of $2.12 billion. Prologis had a return on equity of 6.47% and a net margin of 41.54%.The company’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same quarter last year, the company earned $1.43 EPS. Prologis has set its FY 2026 guidance at 6.070-6.230 EPS. Equities analysts predict that Prologis, Inc. will post 6.18 EPS for the current fiscal year.
Prologis Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 16th will be paid a $1.07 dividend. This represents a $4.28 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date is Tuesday, June 16th. Prologis’s dividend payout ratio (DPR) is 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.
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