OFI Invest Asset Management Lowers Stock Holdings in Prologis, Inc. $PLD

OFI Invest Asset Management reduced its position in Prologis, Inc. (NYSE:PLD) by 2.0% in the 4th quarter, Holdings Channel reports. The fund owned 344,793 shares of the real estate investment trust’s stock after selling 6,979 shares during the period. OFI Invest Asset Management’s holdings in Prologis were worth $44,016,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Clayton Financial Group LLC purchased a new stake in Prologis in the 3rd quarter worth approximately $26,000. True Wealth Design LLC grew its stake in Prologis by 87.1% in the 4th quarter. True Wealth Design LLC now owns 262 shares of the real estate investment trust’s stock worth $33,000 after acquiring an additional 122 shares during the period. FNY Investment Advisers LLC purchased a new stake in shares of Prologis during the 4th quarter valued at $38,000. Beacon Financial Strategies CORP purchased a new stake in shares of Prologis during the 4th quarter valued at $40,000. Finally, Silver Oak Securities Incorporated purchased a new stake in shares of Prologis during the 3rd quarter valued at $36,000. 93.50% of the stock is owned by hedge funds and other institutional investors.

Prologis Stock Up 3.2%

Shares of Prologis stock opened at $137.52 on Thursday. The company has a fifty day moving average price of $135.34 and a 200 day moving average price of $128.59. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.61. Prologis, Inc. has a twelve month low of $85.35 and a twelve month high of $143.95. The stock has a market cap of $128.20 billion, a price-to-earnings ratio of 38.74, a price-to-earnings-growth ratio of 3.16 and a beta of 1.40.

Prologis (NYSE:PLD) last announced its quarterly earnings results on Wednesday, January 21st. The real estate investment trust reported $1.44 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.44. Prologis had a net margin of 37.86% and a return on equity of 5.79%. The firm had revenue of $2.25 billion during the quarter, compared to analysts’ expectations of $2.09 billion. During the same period in the prior year, the company earned $1.42 EPS. The firm’s revenue was up 7.8% on a year-over-year basis. Prologis has set its FY 2026 guidance at 6.000-6.200 EPS. Equities research analysts forecast that Prologis, Inc. will post 5.73 earnings per share for the current fiscal year.

Prologis Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Tuesday, March 17th were given a dividend of $1.07 per share. This is a positive change from Prologis’s previous quarterly dividend of $1.01. The ex-dividend date of this dividend was Tuesday, March 17th. This represents a $4.28 dividend on an annualized basis and a yield of 3.1%. Prologis’s dividend payout ratio is currently 120.56%.

Analyst Upgrades and Downgrades

PLD has been the subject of several research reports. Weiss Ratings reissued a “buy (b-)” rating on shares of Prologis in a research note on Friday, March 27th. Royal Bank Of Canada boosted their price objective on shares of Prologis from $132.00 to $135.00 and gave the company a “sector perform” rating in a research note on Monday, February 2nd. BTIG Research boosted their price objective on shares of Prologis from $134.00 to $155.00 and gave the company a “buy” rating in a research note on Wednesday, December 31st. Scotiabank raised shares of Prologis from a “sector perform” rating to a “sector outperform” rating and boosted their price objective for the company from $133.00 to $146.00 in a research note on Wednesday, January 14th. Finally, UBS Group boosted their price objective on shares of Prologis from $144.00 to $148.00 and gave the company a “buy” rating in a research note on Thursday, January 22nd. Fourteen analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $137.20.

About Prologis

Prologis, Inc is a real estate investment trust (REIT) specializing in logistics and distribution facilities. The company focuses on acquiring, developing, and managing high-quality industrial real estate assets that support supply chain infrastructure for third-party logistics providers, e-commerce businesses, retailers and manufacturers. Its portfolio primarily consists of warehouse and distribution centers designed to optimize goods movement and storage near key transportation hubs.

With a global presence, Prologis serves customers across the Americas, Europe and Asia Pacific.