Thrivent Financial for Lutherans boosted its stake in Prologis, Inc. (NYSE:PLD – Free Report) by 13.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 218,816 shares of the real estate investment trust’s stock after purchasing an additional 25,619 shares during the period. Thrivent Financial for Lutherans’ holdings in Prologis were worth $27,939,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also added to or reduced their stakes in PLD. Pinnacle Associates Ltd. increased its position in Prologis by 1.1% in the 4th quarter. Pinnacle Associates Ltd. now owns 47,383 shares of the real estate investment trust’s stock valued at $6,049,000 after acquiring an additional 516 shares during the period. Bank Julius Baer & Co. Ltd Zurich increased its position in shares of Prologis by 60.3% during the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 2,923 shares of the real estate investment trust’s stock worth $373,000 after buying an additional 1,100 shares during the period. Atria Investments Inc increased its position in shares of Prologis by 2.4% during the fourth quarter. Atria Investments Inc now owns 118,687 shares of the real estate investment trust’s stock worth $15,152,000 after buying an additional 2,766 shares during the period. Catalyst Financial Partners LLC grew its holdings in Prologis by 2.4% in the fourth quarter. Catalyst Financial Partners LLC now owns 3,763 shares of the real estate investment trust’s stock worth $480,000 after purchasing an additional 87 shares during the period. Finally, Strategic Family Wealth Counselors L.L.C. acquired a new stake in Prologis in the fourth quarter worth $208,000. Institutional investors own 93.50% of the company’s stock.
Wall Street Analyst Weigh In
A number of equities research analysts have commented on the stock. Wall Street Zen upgraded shares of Prologis from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $157.00 price objective on shares of Prologis in a research note on Friday, April 17th. Mizuho raised their price objective on shares of Prologis from $143.00 to $150.00 and gave the company an “outperform” rating in a research note on Wednesday, April 22nd. Robert W. Baird boosted their price target on shares of Prologis from $133.00 to $136.00 and gave the stock a “neutral” rating in a report on Friday, April 17th. Finally, Bank of America lifted their price objective on shares of Prologis from $153.00 to $162.00 and gave the stock a “buy” rating in a research report on Monday, April 20th. Sixteen analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, Prologis presently has an average rating of “Moderate Buy” and an average target price of $149.76.
Prologis Stock Performance
NYSE PLD opened at $140.50 on Monday. The company’s 50 day moving average is $137.01 and its 200-day moving average is $132.73. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 0.60. The firm has a market cap of $130.99 billion, a P/E ratio of 35.39, a price-to-earnings-growth ratio of 3.10 and a beta of 1.33. Prologis, Inc. has a 12-month low of $103.02 and a 12-month high of $145.44.
Prologis (NYSE:PLD – Get Free Report) last posted its earnings results on Thursday, April 16th. The real estate investment trust reported $1.05 earnings per share for the quarter, topping analysts’ consensus estimates of $0.81 by $0.24. The business had revenue of $2.30 billion for the quarter, compared to analyst estimates of $2.12 billion. Prologis had a net margin of 41.54% and a return on equity of 6.47%. Prologis’s revenue was up 6.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.43 EPS. Prologis has set its FY 2026 guidance at 6.070-6.230 EPS. Sell-side analysts predict that Prologis, Inc. will post 6.17 earnings per share for the current year.
Prologis Dividend Announcement
The company 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. This represents a $4.28 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend is Tuesday, June 16th. Prologis’s dividend payout ratio is 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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