Vise Technologies Inc. Purchases Shares of 2,917 Prologis, Inc. (NYSE:PLD)

Vise Technologies Inc. acquired a new position in shares of Prologis, Inc. (NYSE:PLD - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 2,917 shares of the real estate investment trust's stock, valued at approximately $308,000.

A number of other institutional investors also recently made changes to their positions in PLD. Aviva PLC grew its stake in Prologis by 36.6% during the fourth quarter. Aviva PLC now owns 695,187 shares of the real estate investment trust's stock worth $73,481,000 after buying an additional 186,187 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Prologis by 29.8% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 784,360 shares of the real estate investment trust's stock worth $82,907,000 after acquiring an additional 179,880 shares during the period. Allstate Corp boosted its position in shares of Prologis by 111.7% during the 4th quarter. Allstate Corp now owns 74,518 shares of the real estate investment trust's stock worth $7,877,000 after acquiring an additional 39,321 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its position in shares of Prologis by 2.1% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 16,596,799 shares of the real estate investment trust's stock worth $1,754,282,000 after acquiring an additional 334,907 shares in the last quarter. Finally, Banco Santander S.A. increased its stake in Prologis by 88.0% in the fourth quarter. Banco Santander S.A. now owns 4,683 shares of the real estate investment trust's stock valued at $495,000 after acquiring an additional 2,192 shares during the last quarter. Institutional investors own 93.50% of the company's stock.

Wall Street Analysts Forecast Growth

PLD has been the subject of several recent analyst reports. Morgan Stanley cut their target price on Prologis to $120.00 and set an "outperform" rating for the company in a research note on Monday, April 14th. Mizuho cut their target price on Prologis from $117.00 to $105.00 and set a "neutral" rating for the company in a research note on Friday, April 11th. Robert W. Baird cut their target price on Prologis from $126.00 to $120.00 and set an "outperform" rating for the company in a research note on Wednesday, May 7th. Raymond James restated a "market perform" rating on shares of Prologis in a research note on Monday, February 3rd. Finally, Scotiabank upped their target price on Prologis from $97.00 to $100.00 and gave the stock a "sector underperform" rating in a research note on Monday, May 12th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $120.42.

Prologis Trading Down 0.5%

NYSE PLD traded down $0.59 on Friday, reaching $108.64. The company had a trading volume of 7,261,566 shares, compared to its average volume of 4,209,099. The firm has a market cap of $100.81 billion, a price-to-earnings ratio of 27.16, a P/E/G ratio of 2.70 and a beta of 1.25. Prologis, Inc. has a fifty-two week low of $85.35 and a fifty-two week high of $132.57. The business has a 50 day moving average of $103.95 and a two-hundred day moving average of $110.66. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.75 and a quick ratio of 0.43.

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

Prologis Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Tuesday, June 17th will be issued a $1.01 dividend. The ex-dividend date of this dividend is Tuesday, June 17th. This represents a $4.04 dividend on an annualized basis and a yield of 3.72%. Prologis's payout ratio is 101.00%.

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.