Louisiana State Employees Retirement System reduced its position in shares of Prologis, Inc. (NYSE:PLD) by 0.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 45,800 shares of the real estate investment trust’s stock after selling 100 shares during the quarter. Louisiana State Employees Retirement System’s holdings in Prologis were worth $4,855,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently modified their holdings of PLD. JJJ Advisors Inc. raised its position in shares of Prologis by 512.2% in the fourth quarter. JJJ Advisors Inc. now owns 251 shares of the real estate investment trust’s stock valued at $25,000 after purchasing an additional 210 shares during the period. Lountzis Asset Management LLC bought a new position in shares of Prologis in the fourth quarter valued at about $27,000. Vantage Consulting Group Inc bought a new position in shares of Prologis in the fourth quarter valued at about $27,000. MPS Loria Financial Planners LLC bought a new position in shares of Prologis in the fourth quarter valued at about $28,000. Finally, Black Swift Group LLC bought a new position in shares of Prologis in the fourth quarter valued at about $30,000. 94.07% of the stock is currently owned by institutional investors.
Several equities analysts have recently weighed in on the stock. TheStreet lowered shares of Prologis from a “b” rating to a “c+” rating in a research report on Friday, March 19th. Evercore ISI upgraded shares of Prologis from an “in-line” rating to an “outperform” rating and set a $121.00 price target on the stock in a research note on Wednesday, January 27th. Raymond James assumed coverage on shares of Prologis in a research note on Friday. They issued a “strong-buy” rating and a $125.00 price target on the stock. Finally, BTIG Research upped their price target on shares of Prologis from $117.00 to $121.00 and gave the company a “buy” rating in a research note on Friday. One equities research analyst has rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. Prologis has a consensus rating of “Buy” and a consensus target price of $115.15.
Prologis (NYSE:PLD) last posted its quarterly earnings results on Monday, January 25th. The real estate investment trust reported $0.38 earnings per share for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.54). Prologis had a net margin of 38.21% and a return on equity of 4.67%. The company had revenue of $1.11 billion during the quarter, compared to analyst estimates of $993.87 million. During the same quarter in the previous year, the business posted $0.84 earnings per share. The company’s revenue for the quarter was up 34.6% on a year-over-year basis. On average, equities analysts forecast that Prologis, Inc. will post 3.77 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, March 31st. Stockholders of record on Friday, March 19th were paid a $0.63 dividend. This is an increase from Prologis’s previous quarterly dividend of $0.58. This represents a $2.52 dividend on an annualized basis and a dividend yield of 2.24%. The ex-dividend date of this dividend was Thursday, March 18th. Prologis’s dividend payout ratio (DPR) is presently 76.13%.
Prologis Company Profile
Prologis, Inc is the global leader in logistics real estate with a focus on high-barrier, high-growth markets. As of December 31, 2020, 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 984 million square feet (91 million square meters) in 19 countries.
Want to see what other hedge funds are holding PLD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Prologis, Inc. (NYSE:PLD).
Receive News & Ratings for Prologis Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Prologis and related companies with MarketBeat.com's FREE daily email newsletter.