UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $1.13 Billion Position in Prologis, Inc. (NYSE:PLD)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Prologis, Inc. (NYSE:PLD - Free Report) by 5.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 10,648,872 shares of the real estate investment trust's stock after buying an additional 505,318 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 1.15% of Prologis worth $1,125,586,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Grassi Investment Management grew its position in shares of Prologis by 1.0% in the fourth quarter. Grassi Investment Management now owns 254,325 shares of the real estate investment trust's stock valued at $26,882,000 after purchasing an additional 2,400 shares in the last quarter. Hennion & Walsh Asset Management Inc. raised its stake in Prologis by 37.0% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 8,631 shares of the real estate investment trust's stock valued at $912,000 after buying an additional 2,333 shares in the last quarter. Merit Financial Group LLC increased its position in shares of Prologis by 303.9% during the fourth quarter. Merit Financial Group LLC now owns 9,851 shares of the real estate investment trust's stock worth $1,041,000 after purchasing an additional 7,412 shares in the last quarter. Sanibel Captiva Trust Company Inc. increased its position in shares of Prologis by 6.0% during the fourth quarter. Sanibel Captiva Trust Company Inc. now owns 4,902 shares of the real estate investment trust's stock worth $518,000 after purchasing an additional 278 shares in the last quarter. Finally, HB Wealth Management LLC grew its holdings in shares of Prologis by 7.7% during the fourth quarter. HB Wealth Management LLC now owns 13,550 shares of the real estate investment trust's stock worth $1,432,000 after buying an additional 967 shares during the last quarter. Institutional investors and hedge funds own 93.50% of the company's stock.

Prologis Stock Performance

Shares of Prologis stock traded down $0.97 during trading on Friday, reaching $104.13. The company's stock had a trading volume of 3,075,490 shares, compared to its average volume of 4,191,907. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.43 and a current ratio of 0.75. The business's fifty day moving average price is $104.26 and its 200-day moving average price is $110.85. The firm has a market cap of $96.62 billion, a price-to-earnings ratio of 26.03, a price-to-earnings-growth ratio of 2.70 and a beta of 1.25. Prologis, Inc. has a one year low of $85.35 and a one year high of $132.57.

Prologis (NYSE:PLD - Get Free Report) last posted its quarterly earnings data on Wednesday, April 16th. The real estate investment trust reported $1.42 EPS for the quarter, topping analysts' consensus estimates of $1.38 by $0.04. The business had revenue of $1.99 billion for the quarter, compared to analyst estimates of $1.99 billion. Prologis had a return on equity of 6.44% and a net margin of 45.50%. As a group, equities research analysts predict that Prologis, Inc. will post 5.73 earnings per share for the current year.

Prologis Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Tuesday, June 17th will be given a dividend of $1.01 per share. This represents a $4.04 dividend on an annualized basis and a yield of 3.88%. The ex-dividend date is Tuesday, June 17th. Prologis's dividend payout ratio (DPR) is presently 101.00%.

Analyst Ratings Changes

Several research firms recently weighed in on PLD. Wolfe Research downgraded Prologis from an "outperform" rating to a "peer perform" rating in a research note on Monday, April 21st. Wall Street Zen cut Prologis from a "hold" rating to a "sell" rating in a research note on Thursday. Raymond James restated a "market perform" rating on shares of Prologis in a research note on Monday, February 3rd. Robert W. Baird dropped their price target on Prologis from $126.00 to $120.00 and set an "outperform" rating on the stock in a research report on Wednesday, May 7th. Finally, Royal Bank of Canada lowered their price target on Prologis from $128.00 to $117.00 and set a "sector perform" rating on the stock in a research report on Tuesday, April 29th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $120.42.

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.