Natixis Advisors LLC boosted its position in Prologis, Inc. (NYSE:PLD – Free Report) by 11.1% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 911,033 shares of the real estate investment trust’s stock after acquiring an additional 90,890 shares during the period. Natixis Advisors LLC owned about 0.10% of Prologis worth $104,331,000 at the end of the most recent reporting period.
Other large investors also recently made changes to their positions in the company. Clayton Financial Group LLC acquired a new stake in shares of Prologis during the third quarter worth $26,000. Silver Oak Securities Incorporated purchased a new stake in shares of Prologis in the third quarter valued at $36,000. Rossby Financial LCC increased its stake in Prologis by 69.6% in the third quarter. Rossby Financial LCC now owns 329 shares of the real estate investment trust’s stock valued at $38,000 after purchasing an additional 135 shares during the last quarter. AlphaQuest LLC purchased a new position in Prologis during the third quarter worth about $39,000. Finally, Clear Investment Research LLC lifted its position in Prologis by 34.5% during the third quarter. Clear Investment Research LLC now owns 343 shares of the real estate investment trust’s stock worth $39,000 after buying an additional 88 shares during the period. Hedge funds and other institutional investors own 93.50% of the company’s stock.
Analyst Upgrades and Downgrades
PLD has been the topic of a number of research analyst reports. Wall Street Zen lowered Prologis from a “hold” rating to a “sell” rating in a research note on Saturday, February 7th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Prologis in a report on Monday, December 29th. Freedom Capital cut shares of Prologis from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 23rd. The Goldman Sachs Group upped their price target on shares of Prologis from $137.00 to $148.00 and gave the stock a “neutral” rating in a research report on Monday, February 9th. Finally, Argus lifted their price target on shares of Prologis from $128.00 to $135.00 and gave the company a “buy” rating in a report on Thursday, January 22nd. Fourteen equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, Prologis has a consensus rating of “Moderate Buy” and an average target price of $137.20.
Prologis Stock Performance
Shares of PLD stock opened at $134.42 on Monday. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.58 and a quick ratio of 0.58. The company’s fifty day moving average price is $133.95 and its two-hundred day moving average price is $125.56. The firm has a market capitalization of $124.95 billion, a P/E ratio of 37.86, a P/E/G ratio of 3.33 and a beta of 1.41. Prologis, Inc. has a 12 month low of $85.35 and a 12 month high of $143.95.
Prologis (NYSE:PLD – Get Free Report) last announced its earnings results on Wednesday, January 21st. The real estate investment trust reported $1.44 earnings per share for the quarter, meeting the consensus estimate of $1.44. Prologis had a return on equity of 5.79% and a net margin of 37.86%.The company had revenue of $2.25 billion during the quarter, compared to the consensus estimate of $2.09 billion. During the same period last year, the firm earned $1.42 earnings per share. The company’s revenue was up 7.8% on a year-over-year basis. Prologis has set its FY 2026 guidance at 6.000-6.200 EPS. On average, research analysts anticipate that Prologis, Inc. will post 5.73 earnings per share for the current fiscal year.
Prologis Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 17th will be paid a dividend of $1.07 per share. This is a boost from Prologis’s previous quarterly dividend of $1.01. The ex-dividend date is Tuesday, March 17th. This represents a $4.28 dividend on an annualized basis and a yield of 3.2%. Prologis’s payout ratio is 120.56%.
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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