Eventide Asset Management LLC Increases Position in Prologis, Inc. $PLD

Eventide Asset Management LLC raised its stake in shares of Prologis, Inc. (NYSE:PLD) by 20.2% in the 4th quarter, HoldingsChannel.com reports. The firm owned 420,834 shares of the real estate investment trust’s stock after purchasing an additional 70,764 shares during the quarter. Eventide Asset Management LLC’s holdings in Prologis were worth $53,872,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Nvwm LLC increased its position in Prologis by 6,069.7% during the fourth quarter. Nvwm LLC now owns 15,486 shares of the real estate investment trust’s stock worth $1,977,000 after purchasing an additional 15,235 shares during the last quarter. Assetmark Inc. increased 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 worth $9,087,000 after purchasing an additional 7,217 shares during the last quarter. State of New Jersey Common Pension Fund D increased its position in shares of Prologis by 1.9% in the third quarter. State of New Jersey Common Pension Fund D now owns 754,060 shares of the real estate investment trust’s stock worth $86,355,000 after acquiring an additional 14,318 shares in the last quarter. Public Sector Pension Investment Board increased its position in shares of Prologis by 32.1% in the third quarter. Public Sector Pension Investment Board now owns 252,188 shares of the real estate investment trust’s stock worth $28,881,000 after acquiring an additional 61,230 shares in the last quarter. Finally, CIBC Bancorp USA Inc. acquired a new stake in shares of Prologis in the third quarter worth $42,158,000. Institutional investors and hedge funds own 93.50% of the company’s stock.

Prologis Price Performance

PLD opened at $148.49 on Friday. The company has a fifty day simple moving average of $141.99 and a 200 day simple moving average of $135.51. The firm has a market cap of $138.44 billion, a price-to-earnings ratio of 37.40, a PEG ratio of 3.27 and a beta of 1.32. Prologis, Inc. has a twelve month low of $103.41 and a twelve month high of $149.70. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.60.

Prologis (NYSE:PLD) last released its quarterly earnings results on Thursday, April 16th. The real estate investment trust reported $1.05 earnings per share for the quarter, beating analysts’ consensus estimates of $0.81 by $0.24. The business had revenue of $2.30 billion during the quarter, compared to analyst estimates of $2.12 billion. Prologis had a net margin of 41.54% and a return on equity of 6.47%. The business’s revenue was up 6.9% on a year-over-year basis. During the same period last year, the business earned $1.43 EPS. Prologis has set its FY 2026 guidance at 6.070-6.230 EPS. Equities research analysts expect that Prologis, Inc. will post 6.18 EPS for the current fiscal year.

Prologis Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 16th will be issued a dividend of $1.07 per share. This represents a $4.28 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend is Tuesday, June 16th. Prologis’s dividend payout ratio (DPR) is presently 107.81%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Weiss Ratings raised shares of Prologis from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, May 1st. BMO Capital Markets raised shares of Prologis from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from $137.00 to $162.00 in a research report on Thursday, May 7th. UBS Group increased their price objective on shares of Prologis from $148.00 to $161.00 and gave the stock a “buy” rating in a research report on Friday, April 17th. Wall Street Zen raised shares of Prologis from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Finally, Bank of America raised their price target on shares of Prologis from $153.00 to $162.00 and gave the company a “buy” rating in a report on Monday, April 20th. Sixteen investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $151.86.

Prologis Profile

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.