Prologis, Inc. $PLD Shares Sold by Vanderbilt University

Vanderbilt University trimmed its holdings in Prologis, Inc. (NYSE:PLD) by 6.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 63,560 shares of the real estate investment trust’s stock after selling 4,101 shares during the period. Prologis accounts for approximately 1.4% of Vanderbilt University’s holdings, making the stock its 12th largest holding. Vanderbilt University’s holdings in Prologis were worth $8,114,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Clayton Financial Group LLC acquired a new stake in Prologis in the 3rd quarter worth about $26,000. True Wealth Design LLC lifted its stake in shares of Prologis by 87.1% in the 4th quarter. True Wealth Design LLC now owns 262 shares of the real estate investment trust’s stock valued at $33,000 after purchasing an additional 122 shares in the last quarter. Silver Oak Securities Incorporated acquired a new position in shares of Prologis in the 3rd quarter valued at about $36,000. Rossby Financial LCC lifted its stake in shares of Prologis by 69.6% in the 3rd 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 in the last quarter. Finally, FNY Investment Advisers LLC acquired a new position in shares of Prologis in the 4th quarter valued at about $38,000. 93.50% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on PLD. Wall Street Zen lowered Prologis from a “hold” rating to a “sell” rating in a research note on Saturday, February 7th. Royal Bank Of Canada lifted their price objective on Prologis from $132.00 to $135.00 and gave the company a “sector perform” rating in a research note on Monday, February 2nd. BMO Capital Markets reaffirmed a “market perform” rating and issued a $123.00 price objective on shares of Prologis in a research note on Thursday, January 22nd. Scotiabank raised Prologis from a “sector perform” rating to a “sector outperform” rating and lifted their price objective for the company from $133.00 to $146.00 in a research note on Wednesday, January 14th. Finally, Evercore lifted their price objective on Prologis from $118.00 to $121.00 and gave the company an “in-line” rating in a research note on Thursday, January 22nd. Fourteen analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, Prologis presently has an average rating of “Moderate Buy” and a consensus target price of $137.20.

Prologis Stock Up 0.6%

NYSE PLD opened at $133.08 on Wednesday. The stock has a market cap of $124.06 billion, a PE ratio of 37.49, a P/E/G ratio of 3.16 and a beta of 1.40. Prologis, Inc. has a fifty-two week low of $85.35 and a fifty-two week high of $143.95. The business has a 50 day moving average price of $135.14 and a two-hundred day moving average price of $128.52. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.61.

Prologis (NYSE:PLD) last released its quarterly earnings results on Wednesday, January 21st. The real estate investment trust reported $1.44 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.44. Prologis had a net margin of 37.86% and a return on equity of 5.79%. The firm had revenue of $2.25 billion for the quarter, compared to the consensus estimate of $2.09 billion. During the same quarter in the previous year, the firm posted $1.42 EPS. The firm’s quarterly revenue was up 7.8% on a year-over-year basis. Prologis has set its FY 2026 guidance at 6.000-6.200 EPS. As a group, sell-side analysts predict that Prologis, Inc. will post 5.73 EPS for the current fiscal year.

Prologis Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Tuesday, March 17th were paid a dividend of $1.07 per share. This is a positive change from Prologis’s previous quarterly dividend of $1.01. The ex-dividend date of this dividend was Tuesday, March 17th. This represents a $4.28 annualized dividend and a yield of 3.2%. Prologis’s payout ratio is presently 120.56%.

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.