Trillium Asset Management LLC Has $29.41 Million Stake in Prologis, Inc. $PLD

Trillium Asset Management LLC lowered its stake in shares of Prologis, Inc. (NYSE:PLD) by 13.6% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 227,614 shares of the real estate investment trust’s stock after selling 35,866 shares during the period. Trillium Asset Management LLC’s holdings in Prologis were worth $29,406,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in PLD. Nvwm LLC grew its stake in shares of Prologis by 6,069.7% during the fourth quarter. Nvwm LLC now owns 15,486 shares of the real estate investment trust’s stock valued at $1,977,000 after purchasing an additional 15,235 shares during the last quarter. Assetmark Inc. raised its holdings in Prologis by 10.0% in the third quarter. Assetmark Inc. now owns 79,350 shares of the real estate investment trust’s stock worth $9,087,000 after purchasing an additional 7,217 shares during the period. State of New Jersey Common Pension Fund D raised its holdings in Prologis by 1.9% in the third quarter. State of New Jersey Common Pension Fund D now owns 754,060 shares of the real estate investment trust’s stock worth $86,355,000 after purchasing an additional 14,318 shares during the period. Public Sector Pension Investment Board raised its holdings in Prologis by 32.1% in the third quarter. Public Sector Pension Investment Board now owns 252,188 shares of the real estate investment trust’s stock worth $28,881,000 after purchasing an additional 61,230 shares during the period. Finally, CIBC Bancorp USA Inc. acquired a new stake in shares of Prologis during the third quarter worth $42,158,000. Institutional investors and hedge funds own 93.50% of the company’s stock.

Prologis Trading Up 0.9%

Shares of NYSE PLD opened at $148.49 on Friday. Prologis, Inc. has a 52-week low of $103.41 and a 52-week high of $149.70. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.51 and a current ratio of 0.51. The firm has a 50 day moving average price of $141.99 and a two-hundred day moving average price of $135.51. The stock has a market cap of $138.44 billion, a P/E ratio of 37.40, a price-to-earnings-growth ratio of 3.24 and a beta of 1.32.

Prologis (NYSE:PLD) last posted its quarterly earnings data on Thursday, April 16th. The real estate investment trust reported $1.05 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.24. The company had revenue of $2.30 billion during the quarter, compared to analysts’ expectations of $2.12 billion. Prologis had a net margin of 41.54% and a return on equity of 6.47%. Prologis’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same period in the prior year, the company posted $1.43 earnings per share. Prologis has set its FY 2026 guidance at 6.070-6.230 EPS. As a group, equities analysts forecast that Prologis, Inc. will post 6.18 EPS for the current year.

Prologis Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 16th will be paid a $1.07 dividend. This represents a $4.28 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend is Tuesday, June 16th. Prologis’s dividend payout ratio (DPR) is 107.81%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Truist Financial raised their price objective on shares of Prologis from $139.00 to $154.00 and gave the stock a “buy” rating in a report on Friday, April 24th. JPMorgan Chase & Co. lifted their price objective on shares of Prologis from $141.00 to $157.00 and gave the company an “overweight” rating in a research report on Tuesday, April 21st. DA Davidson lifted their target price on shares of Prologis from $140.00 to $160.00 and gave the stock a “buy” rating in a report on Tuesday, April 21st. Evercore set a $135.00 target price on shares of Prologis in a report on Friday, April 17th. Finally, Argus boosted their price objective on shares of Prologis from $135.00 to $152.00 and gave the company a “buy” rating in a report on Friday, April 17th. Sixteen analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $151.86.

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.