Natixis Advisors LLC Has $143.21 Million Stock Holdings in Prologis, Inc. (NYSE:PLD)

Key Points

• Natixis Advisors LLC has increased its position in Prologis, Inc. by 12.1%, now owning approximately $143.21 million worth of the company's stock.
• Prologis reported $1.46 earnings per share for the recent quarter, slightly exceeding expectations, with total revenue of $2.03 billion.
• The company declared a quarterly dividend of $1.01 per share, reflecting an annualized yield of 3.68%, with a payout ratio currently at 109.49%.

Natixis Advisors LLC boosted its holdings in Prologis, Inc. (NYSE:PLD - Free Report) by 12.1% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,281,075 shares of the real estate investment trust's stock after purchasing an additional 137,909 shares during the period. Natixis Advisors LLC owned about 0.14% of Prologis worth $143,211,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the business. Brighton Jones LLC boosted its stake in Prologis by 629.0% during the 4th quarter. Brighton Jones LLC now owns 17,475 shares of the real estate investment trust's stock valued at $1,847,000 after acquiring an additional 15,078 shares during the last quarter. Edmond DE Rothschild Holding S.A. raised its stake in shares of Prologis by 26.9% in the 4th quarter. Edmond DE Rothschild Holding S.A. now owns 16,398 shares of the real estate investment trust's stock valued at $1,733,000 after purchasing an additional 3,478 shares in the last quarter. Alliancebernstein L.P. lifted its position in shares of Prologis by 0.9% during the fourth quarter. Alliancebernstein L.P. now owns 3,496,280 shares of the real estate investment trust's stock worth $369,557,000 after purchasing an additional 30,985 shares during the last quarter. B. Metzler seel. Sohn & Co. AG grew its stake in Prologis by 8.2% in the fourth quarter. B. Metzler seel. Sohn & Co. AG now owns 63,169 shares of the real estate investment trust's stock worth $6,676,000 after purchasing an additional 4,801 shares in the last quarter. Finally, HighPoint Advisor Group LLC increased its holdings in Prologis by 4.3% in the fourth quarter. HighPoint Advisor Group LLC now owns 14,949 shares of the real estate investment trust's stock valued at $1,580,000 after buying an additional 612 shares during the last quarter. 93.50% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on PLD. Morgan Stanley decreased their target price on Prologis to $120.00 and set an "outperform" rating for the company in a research report on Monday, April 14th. Royal Bank Of Canada decreased their price objective on shares of Prologis from $128.00 to $117.00 and set a "sector perform" rating for the company in a report on Tuesday, April 29th. Barclays lowered their target price on shares of Prologis from $132.00 to $119.00 and set an "overweight" rating for the company in a research note on Wednesday, April 30th. Wells Fargo & Company set a $137.00 price target on shares of Prologis and gave the stock an "overweight" rating in a research report on Sunday, July 13th. Finally, BMO Capital Markets lowered their price objective on shares of Prologis from $105.00 to $95.00 and set an "outperform" rating for the company in a research report on Monday, April 14th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating, ten have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, Prologis presently has a consensus rating of "Moderate Buy" and an average price target of $120.74.

Prologis Stock Down 1.5%

PLD traded down $1.56 during trading on Friday, reaching $105.22. The company had a trading volume of 382,580 shares, compared to its average volume of 4,583,255. The business's fifty day moving average price is $107.55 and its 200 day moving average price is $109.83. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.19 and a quick ratio of 0.41. Prologis, Inc. has a 12 month low of $85.35 and a 12 month high of $132.57. The company has a market cap of $97.64 billion, a P/E ratio of 28.44, a PEG ratio of 2.72 and a beta of 1.23.

Prologis (NYSE:PLD - Get Free Report) last announced its earnings results on Wednesday, July 16th. The real estate investment trust reported $1.46 earnings per share for the quarter, topping analysts' consensus estimates of $1.41 by $0.05. Prologis had a net margin of 40.29% and a return on equity of 5.96%. The firm had revenue of $2.03 billion during the quarter, compared to analyst estimates of $2.03 billion. During the same period in the prior year, the business earned $1.34 EPS. The company's revenue for the quarter was up 8.8% compared to the same quarter last year. Equities analysts anticipate that Prologis, Inc. will post 5.73 EPS for the current year.

Prologis Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Tuesday, June 17th were given a dividend of $1.01 per share. The ex-dividend date of this dividend was Tuesday, June 17th. This represents a $4.04 dividend on an annualized basis and a yield of 3.8%. Prologis's dividend payout ratio is 109.49%.

Prologis Company Profile

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.