Trillium Asset Management LLC Cuts Holdings in Prologis, Inc. $PLD

Trillium Asset Management LLC reduced its position in Prologis, Inc. (NYSE:PLD) by 13.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 227,614 shares of the real estate investment trust’s stock after selling 35,866 shares during the quarter. Trillium Asset Management LLC’s holdings in Prologis were worth $29,406,000 as of its most recent filing with the Securities and Exchange Commission.

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

Analyst Ratings Changes

PLD has been the topic of several research reports. Scotiabank raised their price objective on Prologis from $146.00 to $154.00 and gave the company an “outperform” rating in a research report on Tuesday, April 21st. Jefferies Financial Group dropped their target price on Prologis from $157.00 to $155.00 and set a “buy” rating on the stock in a research report on Tuesday, April 14th. Wells Fargo & Company lifted their target price on Prologis from $155.00 to $167.00 and gave the stock an “overweight” rating in a research report on Monday, June 1st. Evercore set a $135.00 target price on Prologis in a research report on Friday, April 17th. Finally, Royal Bank Of Canada lifted their price target on Prologis from $135.00 to $148.00 and gave the stock a “sector perform” rating in a research note on Tuesday, April 28th. Sixteen investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $151.86.

Prologis Stock Performance

Shares of NYSE PLD opened at $148.49 on Friday. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.60. The stock has a 50 day simple moving average of $141.99 and a 200-day simple moving average of $135.51. The company has a market cap of $138.44 billion, a PE ratio of 37.40, 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 $149.70.

Prologis (NYSE:PLD) last issued its quarterly earnings data on Thursday, April 16th. The real estate investment trust reported $1.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.24. Prologis had a return on equity of 6.47% and a net margin of 41.54%.The business had revenue of $2.30 billion during the quarter, compared to the consensus estimate of $2.12 billion. During the same period in the previous year, the firm posted $1.43 earnings per share. The business’s revenue was up 6.9% on a year-over-year basis. Prologis has set its FY 2026 guidance at 6.070-6.230 EPS. On average, equities research analysts forecast that Prologis, Inc. will post 6.18 EPS for the current year.

Prologis Dividend Announcement

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