Green Alpha Advisors LLC Buys 152 Shares of Prologis, Inc. (NYSE:PLD)

Green Alpha Advisors LLC grew its stake in shares of Prologis, Inc. (NYSE:PLD) by 1.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 10,320 shares of the real estate investment trust’s stock after acquiring an additional 152 shares during the quarter. Green Alpha Advisors LLC’s holdings in Prologis were worth $1,091,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of PLD. State Street Corp grew its position in Prologis by 1.4% during the 3rd quarter. State Street Corp now owns 57,413,342 shares of the real estate investment trust’s stock valued at $7,250,157,000 after purchasing an additional 767,609 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Prologis by 0.9% in the third quarter. Geode Capital Management LLC now owns 20,761,980 shares of the real estate investment trust’s stock worth $2,612,395,000 after buying an additional 194,472 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Prologis by 2.5% during the second quarter. Dimensional Fund Advisors LP now owns 13,209,926 shares of the real estate investment trust’s stock valued at $1,483,594,000 after buying an additional 317,815 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Prologis by 4.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 10,229,200 shares of the real estate investment trust’s stock valued at $1,291,743,000 after acquiring an additional 441,841 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Prologis by 534.7% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 10,143,554 shares of the real estate investment trust’s stock worth $1,280,928,000 after acquiring an additional 8,545,336 shares during the last quarter. Hedge funds and other institutional investors own 93.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on PLD. Evercore ISI increased their target price on Prologis from $124.00 to $128.00 and gave the company an “in-line” rating in a research note on Monday, September 16th. Raymond James reaffirmed an “outperform” rating and set a $125.00 price objective (down from $130.00) on shares of Prologis in a research report on Wednesday, December 11th. Scotiabank decreased their target price on Prologis from $136.00 to $134.00 and set a “sector outperform” rating for the company in a research report on Wednesday, December 4th. JPMorgan Chase & Co. dropped their price target on shares of Prologis from $138.00 to $131.00 and set an “overweight” rating on the stock in a report on Monday, October 21st. Finally, Truist Financial decreased their price objective on shares of Prologis from $137.00 to $132.00 and set a “buy” rating for the company in a report on Thursday, December 5th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $129.06.

Prologis Trading Down 1.8 %

NYSE:PLD opened at $103.65 on Monday. Prologis, Inc. has a one year low of $100.82 and a one year high of $135.76. The business has a fifty day moving average price of $110.94 and a 200-day moving average price of $118.50. The firm has a market capitalization of $96.00 billion, a price-to-earnings ratio of 31.31, a price-to-earnings-growth ratio of 3.27 and a beta of 1.09. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.43 and a quick ratio of 0.43.

Prologis (NYSE:PLD) last released its quarterly earnings results on Wednesday, October 16th. The real estate investment trust reported $1.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.37 by ($0.29). Prologis had a net margin of 39.08% and a return on equity of 5.34%. The company had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.91 billion. During the same period in the prior year, the firm posted $1.30 EPS. The business’s revenue for the quarter was up 6.9% on a year-over-year basis. Sell-side analysts forecast that Prologis, Inc. will post 5.45 EPS for the current year.

Prologis Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th were paid a dividend of $0.96 per share. This represents a $3.84 dividend on an annualized basis and a yield of 3.70%. The ex-dividend date was Monday, December 16th. Prologis’s payout ratio is 116.01%.

About Prologis

Prologis, Inc is the global leader in logistics real estate with a focus on high-barrier, high-growth markets. At March 31, 2024, the company owned or had investments in, on a wholly owned basis or through co-investment ventures, properties and development projects expected to total approximately 1.2 billion square feet (115 million square meters) in 19 countries.