OMERS ADMINISTRATION Corp Grows Stock Position in Prologis, Inc. (NYSE:PLD)

OMERS ADMINISTRATION Corp lifted its position in shares of Prologis, Inc. (NYSE:PLD - Free Report) by 0.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,133,556 shares of the real estate investment trust's stock after buying an additional 6,556 shares during the quarter. OMERS ADMINISTRATION Corp owned approximately 0.12% of Prologis worth $119,817,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Phoenix Financial Ltd. boosted its position in Prologis by 1.0% during the 4th quarter. Phoenix Financial Ltd. now owns 9,032 shares of the real estate investment trust's stock valued at $955,000 after acquiring an additional 86 shares in the last quarter. Principle Wealth Partners LLC increased its holdings in Prologis by 2.9% in the 4th quarter. Principle Wealth Partners LLC now owns 3,302 shares of the real estate investment trust's stock worth $349,000 after buying an additional 92 shares during the period. Black Diamond Financial LLC raised its holdings in shares of Prologis by 2.2% during the fourth quarter. Black Diamond Financial LLC now owns 4,246 shares of the real estate investment trust's stock worth $449,000 after purchasing an additional 93 shares during the last quarter. Berkshire Bank lifted its holdings in shares of Prologis by 2.3% in the 4th quarter. Berkshire Bank now owns 4,195 shares of the real estate investment trust's stock valued at $443,000 after buying an additional 95 shares during the period. Finally, CreativeOne Wealth LLC boosted its position in Prologis by 1.7% in the 4th quarter. CreativeOne Wealth LLC now owns 6,073 shares of the real estate investment trust's stock worth $642,000 after purchasing an additional 100 shares in the last quarter. Hedge funds and other institutional investors own 93.50% of the company's stock.

Analyst Ratings Changes

PLD has been the subject of several recent analyst reports. BTIG Research cut their price target on shares of Prologis from $154.00 to $134.00 and set a "buy" rating for the company in a report on Friday, January 17th. BNP Paribas upgraded shares of Prologis to a "strong-buy" rating in a research report on Wednesday, January 22nd. Wolfe Research cut Prologis from an "outperform" rating to a "peer perform" rating in a report on Monday, April 21st. Truist Financial reduced their target price on Prologis from $123.00 to $120.00 and set a "buy" rating for the company in a report on Monday, May 5th. Finally, UBS Group lifted their price target on Prologis from $121.00 to $137.00 and gave the stock a "buy" rating in a research note on Tuesday, January 28th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, ten have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $121.84.

Prologis Trading Up 1.2%

PLD stock traded up $1.33 during midday trading on Friday, hitting $110.56. 2,768,361 shares of the company's stock were exchanged, compared to its average volume of 4,196,572. Prologis, Inc. has a 1-year low of $85.35 and a 1-year high of $132.57. The business has a 50-day simple moving average of $105.03 and a two-hundred day simple moving average of $111.16. The stock has a market capitalization of $102.59 billion, a PE ratio of 27.64, a P/E/G ratio of 2.70 and a beta of 1.25. The company has a current ratio of 0.75, a quick ratio of 0.43 and a debt-to-equity ratio of 0.53.

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

Prologis Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Tuesday, June 17th will be issued a $1.01 dividend. This represents a $4.04 annualized dividend and a dividend yield of 3.65%. The ex-dividend date of this dividend is Tuesday, June 17th. Prologis's payout ratio is currently 101.00%.

About Prologis

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.