Nissay Asset Management Corp Japan ADV Acquires 4,254 Shares of Prologis, Inc. (NYSE:PLD)

Nissay Asset Management Corp Japan ADV lifted its stake in Prologis, Inc. (NYSE:PLD - Free Report) by 1.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 242,091 shares of the real estate investment trust's stock after purchasing an additional 4,254 shares during the quarter. Nissay Asset Management Corp Japan ADV's holdings in Prologis were worth $25,478,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of the stock. Murphy & Mullick Capital Management Corp bought a new stake in shares of Prologis during the 4th quarter valued at about $26,000. Crowley Wealth Management Inc. bought a new position in shares of Prologis during the 4th quarter valued at approximately $27,000. Centricity Wealth Management LLC bought a new position in shares of Prologis during the 4th quarter valued at approximately $30,000. Whipplewood Advisors LLC bought a new stake in Prologis in the fourth quarter worth $34,000. Finally, Promus Capital LLC bought a new stake in Prologis in the fourth quarter worth $34,000. Hedge funds and other institutional investors own 93.50% of the company's stock.

Analyst Ratings Changes

A number of analysts have weighed in on PLD shares. Evercore ISI reduced their target price on Prologis from $111.00 to $106.00 and set an "in-line" rating on the stock in a research note on Thursday, April 17th. Wolfe Research downgraded Prologis from an "outperform" rating to a "peer perform" rating in a report on Monday, April 21st. Mizuho lowered their price target on Prologis from $117.00 to $105.00 and set a "neutral" rating for the company in a report on Friday, April 11th. Royal Bank of Canada decreased their target price on Prologis from $128.00 to $117.00 and set a "sector perform" rating for the company in a report on Tuesday, April 29th. Finally, CJS Securities decreased their price target on Prologis from $140.00 to $117.00 in a report on Friday, April 11th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, Prologis presently has a consensus rating of "Moderate Buy" and an average price target of $121.84.

Prologis Stock Performance

Shares of Prologis stock traded up $1.33 during trading on Friday, reaching $110.56. The company's stock had a trading volume of 2,768,361 shares, compared to its average volume of 4,196,572. 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 $104.90 and its 200-day moving average price is $111.12. The firm has a market cap of $102.59 billion, a price-to-earnings ratio of 27.64, 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 issued its quarterly earnings results on Wednesday, April 16th. The real estate investment trust reported $1.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.38 by $0.04. The firm 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 Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Tuesday, June 17th will be paid a $1.01 dividend. This represents a $4.04 dividend on an annualized basis and a dividend yield of 3.65%. The ex-dividend date is Tuesday, June 17th. Prologis's dividend payout ratio (DPR) is currently 101.00%.

Prologis 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.