Prologis, Inc. (NYSE:PLD) Shares Acquired by Natixis Advisors L.P.

Natixis Advisors L.P. boosted its holdings in Prologis, Inc. (NYSE:PLD) by 7.4% during the fourth quarter, HoldingsChannel reports. The fund owned 1,363,296 shares of the real estate investment trust’s stock after buying an additional 93,466 shares during the period. Natixis Advisors L.P.’s holdings in Prologis were worth $181,726,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in PLD. Massachusetts Financial Services Co. MA lifted its stake in shares of Prologis by 6.7% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 16,519,324 shares of the real estate investment trust’s stock valued at $1,853,633,000 after purchasing an additional 1,034,211 shares during the last quarter. FMR LLC raised its holdings in Prologis by 1.2% in the 3rd quarter. FMR LLC now owns 16,224,729 shares of the real estate investment trust’s stock valued at $1,820,577,000 after buying an additional 197,693 shares during the period. Northern Trust Corp lifted its position in Prologis by 0.7% in the third quarter. Northern Trust Corp now owns 12,721,262 shares of the real estate investment trust’s stock valued at $1,427,453,000 after buying an additional 92,036 shares during the last quarter. Principal Financial Group Inc. lifted its position in Prologis by 2.3% in the third quarter. Principal Financial Group Inc. now owns 12,201,657 shares of the real estate investment trust’s stock valued at $1,369,140,000 after buying an additional 268,667 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Prologis by 1.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 9,344,542 shares of the real estate investment trust’s stock valued at $1,048,551,000 after acquiring an additional 121,159 shares during the last quarter. 93.50% of the stock is currently owned by hedge funds and other institutional investors.

Prologis Stock Performance

Shares of Prologis stock traded up $1.25 on Thursday, reaching $103.13. 2,441,466 shares of the stock were exchanged, compared to its average volume of 3,510,755. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.51. The firm has a market capitalization of $95.48 billion, a PE ratio of 29.78, a PEG ratio of 2.12 and a beta of 1.05. Prologis, Inc. has a 1-year low of $96.64 and a 1-year high of $137.52. The business has a fifty day moving average price of $123.24 and a two-hundred day moving average price of $121.78.

Prologis Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Monday, March 18th were paid a dividend of $0.96 per share. This represents a $3.84 dividend on an annualized basis and a dividend yield of 3.72%. This is an increase from Prologis’s previous quarterly dividend of $0.87. The ex-dividend date was Friday, March 15th. Prologis’s dividend payout ratio is 112.28%.

Analyst Ratings Changes

PLD has been the subject of several research reports. Evercore ISI dropped their target price on shares of Prologis from $136.00 to $123.00 and set an “in-line” rating for the company in a report on Thursday, April 18th. Barclays decreased their target price on Prologis from $135.00 to $123.00 and set an “overweight” rating on the stock in a research note on Monday. Royal Bank of Canada raised their target price on Prologis from $128.00 to $145.00 and gave the company an “outperform” rating in a report on Friday, February 16th. The Goldman Sachs Group cut their price target on shares of Prologis from $163.00 to $140.00 and set a “buy” rating on the stock in a research note on Monday, April 22nd. Finally, StockNews.com lowered shares of Prologis from a “hold” rating to a “sell” rating in a research note on Wednesday, April 24th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Prologis has an average rating of “Moderate Buy” and an average price target of $132.35.

Prologis Company Profile

Prologis, Inc is the global leader in logistics real estate with a focus on high-barrier, high-growth markets. At December 31, 2023, the company owned or had investments in, on a wholly owned basis or through co-investment ventures, properties and development projects expected to total approximately 1.2 billion square feet (115 million square meters) in 19 countries.