Prologis, Inc. (NYSE:PLD) Holdings Increased by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Prologis, Inc. (NYSE:PLD) by 534.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 10,143,554 shares of the real estate investment trust’s stock after acquiring an additional 8,545,336 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 1.10% of Prologis worth $1,280,928,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Barrow Hanley Mewhinney & Strauss LLC acquired a new position in shares of Prologis in the 2nd quarter worth approximately $203,223,000. AMF Tjanstepension AB lifted its stake in Prologis by 267.9% during the third quarter. AMF Tjanstepension AB now owns 1,875,612 shares of the real estate investment trust’s stock valued at $236,879,000 after purchasing an additional 1,365,811 shares during the last quarter. Federated Hermes Inc. boosted its holdings in Prologis by 326.3% during the second quarter. Federated Hermes Inc. now owns 1,774,932 shares of the real estate investment trust’s stock worth $199,343,000 after buying an additional 1,358,542 shares in the last quarter. 1832 Asset Management L.P. grew its position in Prologis by 137.7% in the second quarter. 1832 Asset Management L.P. now owns 1,856,632 shares of the real estate investment trust’s stock worth $208,518,000 after buying an additional 1,075,614 shares during the last quarter. Finally, Valeo Financial Advisors LLC increased its holdings in shares of Prologis by 3,762.2% in the second quarter. Valeo Financial Advisors LLC now owns 1,009,261 shares of the real estate investment trust’s stock valued at $113,350,000 after buying an additional 983,129 shares in the last quarter. 93.50% of the stock is currently owned by institutional investors.

Prologis Trading Up 1.4 %

NYSE PLD opened at $117.81 on Thursday. The company has a market capitalization of $109.11 billion, a PE ratio of 35.59, a price-to-earnings-growth ratio of 3.45 and a beta of 1.08. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.56. Prologis, Inc. has a 1-year low of $101.11 and a 1-year high of $137.52. The firm’s fifty day simple moving average is $119.09 and its 200-day simple moving average is $118.61.

Prologis (NYSE:PLD) last issued its quarterly earnings data on Wednesday, October 16th. The real estate investment trust reported $1.08 earnings per share for the quarter, missing the consensus estimate of $1.37 by ($0.29). The business had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.91 billion. Prologis had a net margin of 39.08% and a return on equity of 5.34%. Prologis’s revenue was up 6.9% compared to the same quarter last year. During the same period in the previous year, the business posted $1.30 EPS. As a group, sell-side analysts anticipate that Prologis, Inc. will post 5.45 earnings per share for the current fiscal year.

Prologis Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 16th were issued a $0.96 dividend. This represents a $3.84 dividend on an annualized basis and a yield of 3.26%. The ex-dividend date of this dividend was Monday, September 16th. Prologis’s dividend payout ratio is presently 116.01%.

Wall Street Analysts Forecast Growth

PLD has been the subject of several research reports. Morgan Stanley raised their price objective on Prologis from $132.00 to $133.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 14th. Barclays increased their price target on Prologis from $131.00 to $132.00 and gave the company an “overweight” rating in a research report on Monday, November 18th. JPMorgan Chase & Co. cut their price objective on Prologis from $138.00 to $131.00 and set an “overweight” rating on the stock in a report on Monday, October 21st. Evercore ISI upped their price objective on shares of Prologis from $124.00 to $128.00 and gave the company an “in-line” rating in a research note on Monday, September 16th. Finally, Truist Financial lifted their target price on shares of Prologis from $125.00 to $137.00 and gave the stock a “buy” rating in a research report on Monday, August 5th. Eight investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $131.25.

Prologis Profile

Prologis, Inc is the global leader in logistics real estate with a focus on high-barrier, high-growth markets. At March 31, 2024, 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.