Ethic Inc. Has $14.49 Million Holdings in Prologis, Inc. $PLD

Key Points

• Ethic Inc. increased its Prologis stake by 12.3% in the fourth quarter, ending with 113,477 shares valued at about $14.49 million.
• Prologis continues to attract institutional interest, with 93.5% of shares owned by institutional investors and hedge funds. Several other large holders also boosted positions in recent quarters.
• Analysts remain generally bullish on the stock: the consensus rating is Moderate Buy with a $149.76 price target, while Prologis also reported strong quarterly earnings that beat estimates and declared a $1.07 quarterly dividend.

Ethic Inc. increased its position in shares of Prologis, Inc. (NYSE:PLD - Free Report) by 12.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 113,477 shares of the real estate investment trust's stock after purchasing an additional 12,454 shares during the quarter. Ethic Inc.'s holdings in Prologis were worth $14,487,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. Nvwm LLC grew its position in Prologis by 6,069.7% during the 4th quarter. Nvwm LLC now owns 15,486 shares of the real estate investment trust's stock worth $1,977,000 after acquiring an additional 15,235 shares during the last quarter. Foresight Group Ltd Liability Partnership raised its position in Prologis by 240.1% in the third quarter. Foresight Group Ltd Liability Partnership now owns 44,715 shares of the real estate investment trust's stock valued at $5,109,000 after purchasing an additional 31,567 shares during the last quarter. National Pension Service raised its position in Prologis by 2.4% in the third quarter. National Pension Service now owns 2,443,137 shares of the real estate investment trust's stock valued at $279,788,000 after purchasing an additional 56,272 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in shares of Prologis by 3.6% during the third quarter. Envestnet Asset Management Inc. now owns 3,644,875 shares of the real estate investment trust's stock valued at $417,411,000 after purchasing an additional 126,613 shares in the last quarter. Finally, Assetmark Inc. boosted its stake in shares of Prologis by 10.0% during the third quarter. Assetmark Inc. now owns 79,350 shares of the real estate investment trust's stock valued at $9,087,000 after purchasing an additional 7,217 shares in the last quarter. 93.50% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. BTIG Research reaffirmed a "buy" rating and issued a $155.00 price objective on shares of Prologis in a research note on Wednesday, April 15th. Weiss Ratings upgraded shares of Prologis from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Friday, May 1st. Evercore set a $135.00 target price on shares of Prologis in a report on Friday, April 17th. UBS Group upped their price target on shares of Prologis from $148.00 to $161.00 and gave the company a "buy" rating in a research report on Friday, April 17th. Finally, Barclays reaffirmed an "overweight" rating and set a $139.00 price target on shares of Prologis in a research note on Tuesday, January 13th. Sixteen equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $149.76.

Prologis Stock Up 1.2%

Prologis stock opened at $143.97 on Friday. The firm has a market cap of $134.23 billion, a price-to-earnings ratio of 36.26, a PEG ratio of 3.13 and a beta of 1.33. Prologis, Inc. has a 52-week low of $103.02 and a 52-week high of $145.44. 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 $136.83 and a two-hundred day moving average price of $132.04.

Prologis (NYSE:PLD - Get Free Report) last posted its quarterly earnings data 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 analyst estimates of $2.12 billion. During the same period in the prior year, the firm posted $1.43 EPS. The company's quarterly revenue was up 6.9% on a year-over-year basis. Prologis has set its FY 2026 guidance at 6.070-6.230 EPS. Equities analysts predict that Prologis, Inc. will post 6.17 EPS for the current year.

Prologis Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 16th will be issued a dividend of $1.07 per share. This represents a $4.28 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date is Tuesday, June 16th. Prologis's dividend payout ratio (DPR) is presently 107.81%.

About Prologis

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.