Mariner LLC Has $65.46 Million Holdings in Prologis, Inc. $PLD

Mariner LLC increased its holdings in Prologis, Inc. (NYSE:PLD) by 13.6% during the fourth quarter, HoldingsChannel reports. The fund owned 512,667 shares of the real estate investment trust’s stock after acquiring an additional 61,499 shares during the quarter. Mariner LLC’s holdings in Prologis were worth $65,460,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. raised its position in Prologis by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 123,323,290 shares of the real estate investment trust’s stock valued at $15,743,451,000 after buying an additional 1,258,407 shares during the last quarter. Geode Capital Management LLC raised its position in Prologis by 1.5% in the 4th quarter. Geode Capital Management LLC now owns 23,012,940 shares of the real estate investment trust’s stock valued at $2,925,791,000 after buying an additional 339,906 shares during the last quarter. Capital Research Global Investors raised its position in Prologis by 4.4% in the 4th quarter. Capital Research Global Investors now owns 16,061,390 shares of the real estate investment trust’s stock valued at $2,050,397,000 after buying an additional 678,363 shares during the last quarter. Norges Bank purchased a new stake in Prologis in the 4th quarter valued at $1,589,125,000. Finally, Charles Schwab Investment Management Inc. grew its position in Prologis by 4.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 11,639,644 shares of the real estate investment trust’s stock worth $1,485,917,000 after purchasing an additional 516,765 shares in the last quarter. Institutional investors and hedge funds own 93.50% of the company’s stock.

Prologis Stock Down 0.2%

Prologis stock opened at $148.45 on Tuesday. The company has a market capitalization of $138.41 billion, a P/E ratio of 37.39, a P/E/G ratio of 3.27 and a beta of 1.32. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 0.60. The firm has a 50 day moving average price of $142.28 and a 200-day moving average price of $135.72. Prologis, Inc. has a twelve month low of $103.41 and a twelve month high of $150.18.

Prologis (NYSE:PLD) last announced its quarterly earnings results on Thursday, April 16th. The real estate investment trust reported $1.05 EPS for the quarter, beating analysts’ consensus estimates of $0.81 by $0.24. Prologis had a net margin of 41.54% and a return on equity of 6.47%. The company had revenue of $2.30 billion for the quarter, compared to analysts’ expectations of $2.12 billion. During the same period in the prior year, the company posted $1.43 EPS. Prologis’s 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, equities analysts predict that Prologis, Inc. will post 6.18 EPS for the current year.

Prologis Dividend Announcement

The company also recently announced 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. The ex-dividend date is Tuesday, June 16th. This represents a $4.28 annualized dividend and a yield of 2.9%. Prologis’s dividend payout ratio is currently 107.81%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on PLD shares. BMO Capital Markets raised shares of 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 report on Thursday, May 7th. Wells Fargo & Company upped their price objective on shares of Prologis from $155.00 to $167.00 and gave the stock an “overweight” rating in a research report on Monday, June 1st. Wall Street Zen raised shares of Prologis from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. UBS Group upped their price objective on shares of Prologis from $148.00 to $161.00 and gave the stock a “buy” rating in a research report on Friday, April 17th. Finally, BTIG Research reaffirmed a “buy” rating and issued a $155.00 price objective on shares of Prologis in a research report on Wednesday, April 15th. Sixteen analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $151.86.

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.