Prologis, Inc. $PLD Stock Position Lifted by O Shaughnessy Asset Management LLC

O Shaughnessy Asset Management LLC boosted its stake in shares of Prologis, Inc. (NYSE:PLD) by 41.6% during the fourth quarter, HoldingsChannel.com reports. The firm owned 182,572 shares of the real estate investment trust’s stock after acquiring an additional 53,633 shares during the period. O Shaughnessy Asset Management LLC’s holdings in Prologis were worth $23,307,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Manchester Capital Management LLC grew its position in Prologis by 26.2% during the fourth quarter. Manchester Capital Management LLC now owns 1,087 shares of the real estate investment trust’s stock valued at $139,000 after purchasing an additional 226 shares in the last quarter. Hilton Head Capital Partners LLC purchased a new position in Prologis during the fourth quarter valued at approximately $29,000. Endeavor Private Wealth Inc. grew its position in Prologis by 37.2% during the fourth quarter. Endeavor Private Wealth Inc. now owns 3,134 shares of the real estate investment trust’s stock valued at $400,000 after purchasing an additional 850 shares in the last quarter. Clearbridge Investments LLC grew its position in Prologis by 5.2% during the fourth quarter. Clearbridge Investments LLC now owns 423,893 shares of the real estate investment trust’s stock valued at $54,114,000 after purchasing an additional 20,967 shares in the last quarter. Finally, SouthState Bank Corp grew its position in Prologis by 73.1% during the fourth quarter. SouthState Bank Corp now owns 225 shares of the real estate investment trust’s stock valued at $29,000 after purchasing an additional 95 shares in the last quarter. 93.50% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. BNP Paribas Exane boosted their target price on shares of Prologis from $140.00 to $150.00 and gave the stock an “outperform” rating in a research report on Friday, April 17th. Scotiabank boosted their target price on shares of Prologis from $146.00 to $154.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 21st. The Goldman Sachs Group reissued a “neutral” rating and issued a $157.00 target price on shares of Prologis in a research report on Friday, April 17th. Weiss Ratings raised shares of Prologis from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, May 1st. Finally, JPMorgan Chase & Co. boosted their target price on shares of Prologis from $141.00 to $157.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 21st. Sixteen analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $151.86.

Prologis Price Performance

NYSE:PLD opened at $142.84 on Tuesday. The stock has a market cap of $133.18 billion, a P/E ratio of 35.98, a PEG ratio of 3.18 and a beta of 1.32. Prologis, Inc. has a one year low of $103.41 and a one year high of $147.93. The company has a fifty day moving average price of $140.66 and a 200 day moving average price of $134.93. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.51 and a quick ratio of 0.51.

Prologis (NYSE:PLD) last released its earnings results 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 firm had revenue of $2.30 billion during 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 business’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same period in the prior year, the company earned $1.43 EPS. Prologis has set its FY 2026 guidance at 6.070-6.230 EPS. Analysts anticipate that Prologis, Inc. will post 6.18 earnings per share for the current year.

Prologis Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders 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 dividend yield of 3.0%. The ex-dividend date of this dividend is Tuesday, June 16th. Prologis’s dividend payout ratio (DPR) is presently 107.81%.

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.