Nomura Asset Management Co. Ltd. grew its position in Prologis, Inc. (NYSE:PLD – Free Report) by 3.6% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 1,715,398 shares of the real estate investment trust’s stock after purchasing an additional 59,544 shares during the quarter. Prologis makes up 0.6% of Nomura Asset Management Co. Ltd.’s portfolio, making the stock its 24th biggest position. Nomura Asset Management Co. Ltd.’s holdings in Prologis were worth $218,988,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently made changes to their positions in PLD. Norges Bank purchased a new stake in shares of Prologis during the 4th quarter worth $1,589,125,000. Swedbank AB lifted its stake in shares of Prologis by 36.2% during the 4th quarter. Swedbank AB now owns 7,664,583 shares of the real estate investment trust’s stock worth $978,461,000 after purchasing an additional 2,038,329 shares during the last quarter. Bessemer Group Inc. lifted its stake in shares of Prologis by 8,000.9% during the 4th quarter. Bessemer Group Inc. now owns 1,595,963 shares of the real estate investment trust’s stock worth $203,741,000 after purchasing an additional 1,576,262 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of Prologis by 1.0% during 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 purchasing an additional 1,258,407 shares during the last quarter. Finally, Amundi lifted its stake in shares of Prologis by 22.0% during the 3rd quarter. Amundi now owns 5,651,563 shares of the real estate investment trust’s stock worth $661,968,000 after purchasing an additional 1,020,819 shares during the last quarter. 93.50% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
PLD has been the subject of a number of analyst reports. The Goldman Sachs Group restated a “neutral” rating and set a $157.00 price objective on shares of Prologis in a research note on Friday, April 17th. Argus upped their price objective on Prologis from $135.00 to $152.00 and gave the stock a “buy” rating in a research note on Friday, April 17th. BMO Capital Markets upgraded Prologis from a “market perform” rating to an “outperform” rating and upped their price objective for the stock from $137.00 to $162.00 in a research note on Thursday, May 7th. Bank of America upped their price objective on Prologis from $153.00 to $162.00 and gave the stock a “buy” rating in a research note on Monday, April 20th. Finally, Robert W. Baird upped their price objective on Prologis from $133.00 to $136.00 and gave the stock a “neutral” rating in a research note on Friday, April 17th. Sixteen investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $150.52.
Prologis Trading Down 1.3%
Shares of NYSE:PLD opened at $143.80 on Friday. The business’s 50-day moving average is $139.20 and its 200 day moving average is $134.11. Prologis, Inc. has a 1 year low of $103.41 and a 1 year high of $147.93. The firm has a market capitalization of $134.07 billion, a P/E ratio of 36.22, a P/E/G ratio of 3.16 and a beta of 1.33. 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 announced its earnings results on Thursday, April 16th. The real estate investment trust reported $1.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.24. Prologis had a return on equity of 6.47% and a net margin of 41.54%.The company had revenue of $2.30 billion for the quarter, compared to analyst estimates of $2.12 billion. During the same period in the prior year, the company posted $1.43 EPS. The firm’s quarterly revenue was up 6.9% compared to the same quarter last year. Prologis has set its FY 2026 guidance at 6.070-6.230 EPS. On average, research analysts predict that Prologis, Inc. will post 6.18 earnings per share for the current fiscal year.
Prologis Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 16th will be given a dividend of $1.07 per share. This represents a $4.28 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend is Tuesday, June 16th. 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.
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