Metis Global Partners LLC Purchases 64,356 Shares of Prologis, Inc. $PLD

Metis Global Partners LLC lifted its position in shares of Prologis, Inc. (NYSE:PLD) by 23.7% during the fourth quarter, HoldingsChannel reports. The firm owned 335,890 shares of the real estate investment trust’s stock after buying an additional 64,356 shares during the quarter. Prologis comprises 1.0% of Metis Global Partners LLC’s portfolio, making the stock its 15th largest holding. Metis Global Partners LLC’s holdings in Prologis were worth $42,880,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in PLD. Brighton Jones LLC boosted its position in shares of Prologis by 629.0% during the fourth quarter. Brighton Jones LLC now owns 17,475 shares of the real estate investment trust’s stock worth $1,847,000 after purchasing an additional 15,078 shares in the last quarter. Schnieders Capital Management LLC. boosted its position in shares of Prologis by 45.4% during the second quarter. Schnieders Capital Management LLC. now owns 10,728 shares of the real estate investment trust’s stock worth $1,128,000 after purchasing an additional 3,350 shares in the last quarter. Walleye Capital LLC bought a new position in shares of Prologis during the second quarter worth $422,000. NewEdge Advisors LLC boosted its position in shares of Prologis by 6.8% during the second quarter. NewEdge Advisors LLC now owns 63,829 shares of the real estate investment trust’s stock worth $6,710,000 after purchasing an additional 4,074 shares in the last quarter. Finally, Treasurer of the State of North Carolina boosted its position in shares of Prologis by 2.4% during the second quarter. Treasurer of the State of North Carolina now owns 433,312 shares of the real estate investment trust’s stock worth $45,550,000 after purchasing an additional 10,266 shares in the last quarter. 93.50% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the stock. BMO Capital Markets raised shares of Prologis from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from $137.00 to $162.00 in a research report on Thursday, May 7th. Royal Bank Of Canada lifted their price target on shares of Prologis from $135.00 to $148.00 and gave the stock a “sector perform” rating in a research report on Tuesday, April 28th. Evercore set a $135.00 price target on shares of Prologis in a research report on Friday, April 17th. The Goldman Sachs Group reissued a “neutral” rating and set a $157.00 price target on shares of Prologis in a research report on Friday, April 17th. Finally, Weiss Ratings raised shares of Prologis from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, May 1st. Sixteen analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $151.86.

Prologis Trading Down 1.0%

PLD opened at $146.02 on Thursday. The stock has a market capitalization of $136.14 billion, a P/E ratio of 36.78, a P/E/G ratio of 3.24 and a beta of 1.32. Prologis, Inc. has a 12 month low of $103.41 and a 12 month high of $148.29. The firm’s fifty day simple moving average is $141.38 and its 200 day simple moving average is $135.27. 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 posted its quarterly earnings data on Thursday, April 16th. The real estate investment trust reported $1.05 EPS for the quarter, beating the consensus estimate of $0.81 by $0.24. The business had revenue of $2.30 billion for the quarter, compared to analysts’ expectations of $2.12 billion. Prologis had a net margin of 41.54% and a return on equity of 6.47%. The firm’s revenue was up 6.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.43 EPS. Prologis has set its FY 2026 guidance at 6.070-6.230 EPS. As a group, research analysts anticipate that Prologis, Inc. will post 6.18 EPS for the current fiscal year.

Prologis Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 16th will be given a $1.07 dividend. This represents a $4.28 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend is Tuesday, June 16th. Prologis’s payout ratio is currently 107.81%.

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.