Cerity Partners LLC Has $33.76 Million Stake in Prologis, Inc. $PLD

Cerity Partners LLC boosted its position in Prologis, Inc. (NYSE:PLD) by 14.6% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 264,441 shares of the real estate investment trust’s stock after purchasing an additional 33,646 shares during the period. Cerity Partners LLC’s holdings in Prologis were worth $33,759,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of PLD. Nvwm LLC raised its holdings in shares of Prologis by 6,069.7% in the 4th quarter. Nvwm LLC now owns 15,486 shares of the real estate investment trust’s stock worth $1,977,000 after acquiring an additional 15,235 shares during the last quarter. Assetmark Inc. raised its holdings in shares of Prologis by 10.0% in the 3rd quarter. Assetmark Inc. now owns 79,350 shares of the real estate investment trust’s stock worth $9,087,000 after acquiring an additional 7,217 shares during the last quarter. State of New Jersey Common Pension Fund D raised its holdings in shares of Prologis by 1.9% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 754,060 shares of the real estate investment trust’s stock worth $86,355,000 after acquiring an additional 14,318 shares during the last quarter. Public Sector Pension Investment Board raised its holdings in shares of Prologis by 32.1% in the 3rd quarter. Public Sector Pension Investment Board now owns 252,188 shares of the real estate investment trust’s stock worth $28,881,000 after acquiring an additional 61,230 shares during the last quarter. Finally, CIBC Bancorp USA Inc. acquired a new stake in shares of Prologis in the 3rd quarter worth about $42,158,000. Institutional investors and hedge funds own 93.50% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on PLD. Wells Fargo & Company upped their target price on shares of Prologis from $155.00 to $167.00 and gave the stock an “overweight” rating in a report on Monday, June 1st. Morgan Stanley upped their price objective on shares of Prologis from $135.00 to $151.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 26th. Wall Street Zen raised shares of Prologis from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. DA Davidson upped their price objective on shares of Prologis from $140.00 to $160.00 and gave the stock a “buy” rating in a research report on Tuesday, April 21st. Finally, BTIG Research reaffirmed a “buy” rating and issued a $155.00 price objective on shares of Prologis in a research report on Wednesday, April 15th. Sixteen research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $151.86.

Prologis Trading Down 1.0%

Shares of PLD stock opened at $146.02 on Thursday. Prologis, Inc. has a 52-week low of $103.41 and a 52-week high of $148.29. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.51 and a current ratio of 0.51. The company has a 50-day simple moving average of $141.38 and a two-hundred day simple moving average of $135.27. The company has a market capitalization of $136.14 billion, a price-to-earnings ratio of 36.78, a PEG ratio of 3.24 and a beta of 1.32.

Prologis (NYSE:PLD) last released its earnings results on Thursday, April 16th. The real estate investment trust reported $1.05 earnings per share for the quarter, beating analysts’ consensus estimates of $0.81 by $0.24. Prologis had a net margin of 41.54% and a return on equity of 6.47%. The firm had revenue of $2.30 billion during the quarter, compared to the consensus estimate of $2.12 billion. During the same period in the prior year, the firm earned $1.43 EPS. The company’s revenue was up 6.9% compared to the same quarter last year. Prologis has set its FY 2026 guidance at 6.070-6.230 EPS. Research analysts anticipate that Prologis, Inc. will post 6.18 EPS for the current fiscal year.

Prologis Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 16th will be given a dividend of $1.07 per share. This represents a $4.28 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend is Tuesday, June 16th. Prologis’s dividend 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.