Prologis, Inc. $PLD Shares Acquired by Eventide Asset Management LLC

Eventide Asset Management LLC lifted its position in shares of Prologis, Inc. (NYSE:PLD) by 20.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 420,834 shares of the real estate investment trust’s stock after acquiring an additional 70,764 shares during the quarter. Eventide Asset Management LLC’s holdings in Prologis were worth $53,872,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in PLD. High Point Wealth Management LLC acquired a new position in shares of Prologis during the fourth quarter worth about $26,000. Ares Financial Consulting LLC acquired a new position in shares of Prologis during the fourth quarter worth about $26,000. Eagle Bay Advisors LLC acquired a new position in shares of Prologis during the fourth quarter worth about $27,000. SouthState Bank Corp increased its stake in shares of Prologis by 73.1% during the fourth quarter. SouthState Bank Corp now owns 225 shares of the real estate investment trust’s stock worth $29,000 after acquiring an additional 95 shares during the period. Finally, Hilton Head Capital Partners LLC acquired a new position in shares of Prologis during the fourth quarter worth about $29,000. 93.50% of the stock is currently owned by institutional investors and hedge funds.

Prologis Stock Up 0.9%

Shares of NYSE PLD opened at $148.49 on Friday. Prologis, Inc. has a 12-month low of $103.41 and a 12-month high of $149.70. The company has a market capitalization of $138.44 billion, a PE ratio of 37.40, a price-to-earnings-growth ratio of 3.27 and a beta of 1.32. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.51 and a quick ratio of 0.51. The firm’s 50-day moving average is $141.99 and its two-hundred day moving average is $135.51.

Prologis (NYSE:PLD) last announced its quarterly earnings results on Thursday, April 16th. The real estate investment trust reported $1.05 earnings per share (EPS) for the quarter, beating the consensus estimate 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 the consensus estimate of $2.12 billion. During the same quarter in the prior year, the firm earned $1.43 earnings per share. The company’s revenue for the quarter was up 6.9% compared to the same quarter last year. Prologis has set its FY 2026 guidance at 6.070-6.230 EPS. Equities analysts anticipate that Prologis, Inc. will post 6.18 EPS for the current fiscal year.

Prologis Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 16th will be paid a dividend of $1.07 per share. The ex-dividend date of this dividend is Tuesday, June 16th. This represents a $4.28 annualized dividend and a dividend yield of 2.9%. Prologis’s dividend payout ratio is presently 107.81%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. The Goldman Sachs Group restated a “neutral” rating and set a $157.00 target price on shares of Prologis in a research report on Friday, April 17th. Robert W. Baird upped their target price on shares of Prologis from $133.00 to $136.00 and gave the stock a “neutral” rating in a research report on Friday, April 17th. JPMorgan Chase & Co. upped their target price on shares of Prologis from $141.00 to $157.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 21st. Royal Bank Of Canada upped their target price on shares of Prologis from $135.00 to $148.00 and gave the stock a “sector perform” rating in a research report on Tuesday, April 28th. Finally, BTIG Research restated a “buy” rating and set a $155.00 target price on shares of Prologis in a research report on Wednesday, April 15th. Sixteen equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price 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.