Ethic Inc. Acquires 12,454 Shares of Prologis, Inc. $PLD

Ethic Inc. grew its holdings in shares of Prologis, Inc. (NYSE:PLD) by 12.3% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 113,477 shares of the real estate investment trust’s stock after purchasing an additional 12,454 shares during the quarter. Ethic Inc.’s holdings in Prologis were worth $14,487,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Ballentine Partners LLC boosted its stake in Prologis by 8.4% during the fourth quarter. Ballentine Partners LLC now owns 11,050 shares of the real estate investment trust’s stock worth $1,411,000 after acquiring an additional 856 shares in the last quarter. Merrithew & Thorsten Inc bought a new stake in Prologis in the fourth quarter valued at $5,641,000. Strategic Wealth Advisors LLC acquired a new position in shares of Prologis during the fourth quarter valued at about $45,000. Strengthening Families & Communities LLC raised its holdings in shares of Prologis by 8.9% during the fourth quarter. Strengthening Families & Communities LLC now owns 23,126 shares of the real estate investment trust’s stock valued at $2,952,000 after purchasing an additional 1,897 shares during the period. Finally, International Assets Investment Management LLC bought a new position in shares of Prologis during the 4th quarter worth about $291,000. Institutional investors and hedge funds own 93.50% of the company’s stock.

Prologis Price Performance

Shares of NYSE PLD opened at $143.97 on Friday. The stock has a market cap of $134.23 billion, a price-to-earnings ratio of 36.26, a PEG ratio of 3.13 and a beta of 1.33. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.51 and a current ratio of 0.51. Prologis, Inc. has a fifty-two week low of $103.02 and a fifty-two week high of $145.44. The firm’s 50-day simple moving average is $136.83 and its 200 day simple moving average is $132.04.

Prologis (NYSE:PLD) last issued its quarterly earnings data on Thursday, April 16th. The real estate investment trust reported $1.05 EPS for the quarter, topping 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 firm had revenue of $2.30 billion during the quarter, compared to the consensus estimate of $2.12 billion. During the same period in the prior year, the business posted $1.43 earnings per share. The company’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. As a group, research analysts anticipate that Prologis, Inc. will post 6.17 earnings per share for the current fiscal year.

Prologis Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders 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 payout ratio is currently 107.81%.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Morgan Stanley set a $135.00 target price on Prologis in a research note on Friday, January 16th. Weiss Ratings upgraded Prologis from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, May 1st. BMO Capital Markets raised Prologis from a “market perform” rating to an “outperform” rating and raised their price objective for the company from $137.00 to $162.00 in a research note on Thursday. Barclays restated an “overweight” rating and set a $139.00 price objective on shares of Prologis in a report on Tuesday, January 13th. Finally, Scotiabank upped their target price on Prologis from $146.00 to $154.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 21st. Sixteen investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $149.76.

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.