ProShare Advisors LLC Acquires 11,645 Shares of Prologis, Inc. (NYSE:PLD)

ProShare Advisors LLC lifted its holdings in Prologis, Inc. (NYSE:PLD - Free Report) by 6.8% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 182,861 shares of the real estate investment trust's stock after acquiring an additional 11,645 shares during the quarter. ProShare Advisors LLC's holdings in Prologis were worth $19,328,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in PLD. Quantinno Capital Management LP raised its holdings in Prologis by 20.7% during the 4th quarter. Quantinno Capital Management LP now owns 86,573 shares of the real estate investment trust's stock valued at $9,151,000 after buying an additional 14,854 shares during the last quarter. Mufg Securities Americas Inc. bought a new stake in Prologis during the 4th quarter valued at $1,445,000. Nissay Asset Management Corp Japan ADV raised its holdings in Prologis by 1.8% during the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 242,091 shares of the real estate investment trust's stock valued at $25,478,000 after buying an additional 4,254 shares during the last quarter. Nomura Holdings Inc. raised its holdings in Prologis by 714.0% during the 4th quarter. Nomura Holdings Inc. now owns 152,734 shares of the real estate investment trust's stock valued at $16,144,000 after buying an additional 133,971 shares during the last quarter. Finally, NorthRock Partners LLC raised its holdings in Prologis by 56.3% during the 4th quarter. NorthRock Partners LLC now owns 6,929 shares of the real estate investment trust's stock valued at $732,000 after buying an additional 2,497 shares during the last quarter. 93.50% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have commented on PLD. Barclays decreased their price objective on shares of Prologis from $132.00 to $119.00 and set an "overweight" rating for the company in a report on Wednesday, April 30th. Wolfe Research lowered shares of Prologis from an "outperform" rating to a "peer perform" rating in a report on Monday, April 21st. Mizuho decreased their price objective on shares of Prologis from $117.00 to $105.00 and set a "neutral" rating for the company in a report on Friday, April 11th. BTIG Research decreased their price objective 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. Finally, Truist Financial decreased their price objective on shares of Prologis from $123.00 to $120.00 and set a "buy" rating for the company in a report on Monday, May 5th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Prologis currently has a consensus rating of "Moderate Buy" and a consensus target price of $121.84.

Prologis Stock Performance

NYSE:PLD opened at $110.56 on Friday. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.75 and a quick ratio of 0.43. The firm has a market capitalization of $102.59 billion, a price-to-earnings ratio of 27.64, a PEG ratio of 2.70 and a beta of 1.25. The company's 50-day moving average is $104.90 and its two-hundred day moving average is $111.12. Prologis, Inc. has a 1-year low of $85.35 and a 1-year high of $132.57.

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

Prologis Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Tuesday, June 17th will be given a dividend of $1.01 per share. 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 dividend payout ratio (DPR) is presently 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.

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