Metis Global Partners LLC Has $31.10 Million Stock Position in Prologis, Inc. $PLD

Metis Global Partners LLC lifted its holdings in shares of Prologis, Inc. (NYSE:PLD) by 23.8% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 271,534 shares of the real estate investment trust’s stock after purchasing an additional 52,139 shares during the period. Prologis accounts for 0.7% of Metis Global Partners LLC’s holdings, making the stock its 20th biggest holding. Metis Global Partners LLC’s holdings in Prologis were worth $31,096,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Assetmark Inc. boosted its position in Prologis by 10.0% during the third quarter. Assetmark Inc. now owns 79,350 shares of the real estate investment trust’s stock valued at $9,087,000 after acquiring an additional 7,217 shares during the last quarter. Public Sector Pension Investment Board lifted its stake in shares of Prologis by 32.1% in the 3rd quarter. Public Sector Pension Investment Board now owns 252,188 shares of the real estate investment trust’s stock valued at $28,881,000 after purchasing an additional 61,230 shares during the period. Atria Investments Inc boosted its position in shares of Prologis by 11.5% during the 3rd quarter. Atria Investments Inc now owns 115,921 shares of the real estate investment trust’s stock valued at $13,275,000 after purchasing an additional 11,967 shares in the last quarter. Varma Mutual Pension Insurance Co grew its stake in Prologis by 8.6% during the third quarter. Varma Mutual Pension Insurance Co now owns 178,646 shares of the real estate investment trust’s stock worth $20,459,000 after purchasing an additional 14,200 shares during the period. Finally, Caisse Des Depots ET Consignations increased its holdings in Prologis by 38.1% in the third quarter. Caisse Des Depots ET Consignations now owns 12,714 shares of the real estate investment trust’s stock worth $1,456,000 after purchasing an additional 3,505 shares in the last quarter. 93.50% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have weighed in on PLD. Robert W. Baird reaffirmed a “neutral” rating and issued a $130.00 price target (up from $128.00) on shares of Prologis in a research note on Thursday, January 8th. BNP Paribas Exane upped their price target on Prologis from $129.00 to $140.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 21st. Weiss Ratings reissued a “buy (b-)” rating on shares of Prologis in a research note on Monday, December 29th. iA Financial set a $119.00 price objective on Prologis in a report on Monday, October 20th. Finally, Wall Street Zen cut Prologis from a “hold” rating to a “sell” rating in a report on Saturday, February 7th. Thirteen analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, Prologis has an average rating of “Moderate Buy” and a consensus price target of $135.32.

Prologis Stock Performance

Shares of PLD opened at $136.46 on Friday. The stock has a 50 day moving average of $130.25 and a 200 day moving average of $121.60. The company has a market capitalization of $126.76 billion, a price-to-earnings ratio of 38.44, a PEG ratio of 3.46 and a beta of 1.42. Prologis, Inc. has a 12 month low of $85.35 and a 12 month high of $141.95. The company has a current ratio of 0.19, a quick ratio of 0.64 and a debt-to-equity ratio of 0.61.

Prologis (NYSE:PLD) last announced its quarterly earnings data on Wednesday, January 21st. The real estate investment trust reported $1.44 EPS for the quarter, hitting the consensus estimate of $1.44. Prologis had a net margin of 37.86% and a return on equity of 5.78%. The business had revenue of $2.25 billion for the quarter, compared to analyst estimates of $2.09 billion. During the same quarter in the previous year, the firm posted $1.42 earnings per share. The company’s revenue for the quarter was up 7.8% on a year-over-year basis. Prologis has set its FY 2026 guidance at 6.000-6.200 EPS. As a group, sell-side analysts forecast that Prologis, Inc. will post 5.73 earnings per share for the current year.

Prologis Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 17th will be paid a dividend of $1.07 per share. This represents a $4.28 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date is Tuesday, March 17th. This is a positive change from Prologis’s previous quarterly dividend of $1.01. Prologis’s dividend payout ratio is presently 113.80%.

Insider Transactions at Prologis

In other news, Director Cristina Gabriela Bita sold 621 shares of the stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $127.60, for a total value of $79,239.60. Following the sale, the director directly owned 8,208 shares of the company’s stock, valued at approximately $1,047,340.80. This represents a 7.03% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.57% of the company’s stock.

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.