Fidelis Capital Partners LLC Has $1.11 Million Stock Holdings in Prologis, Inc. (NYSE:PLD)

Fidelis Capital Partners LLC boosted its position in shares of Prologis, Inc. (NYSE:PLD) by 38.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 8,290 shares of the real estate investment trust’s stock after buying an additional 2,297 shares during the quarter. Fidelis Capital Partners LLC’s holdings in Prologis were worth $1,105,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the stock. 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 period. FMR LLC lifted its stake in shares of 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 purchasing an additional 197,693 shares during the period. Morgan Stanley lifted its stake in shares of Prologis by 48.0% in the 4th quarter. Morgan Stanley now owns 14,577,827 shares of the real estate investment trust’s stock valued at $1,643,359,000 after purchasing an additional 4,729,040 shares during the period. Northern Trust Corp lifted its stake in shares of Prologis by 0.7% in the 3rd 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 purchasing an additional 92,036 shares during the period. Finally, Principal Financial Group Inc. lifted its stake in shares of Prologis by 2.3% in the 3rd 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 purchasing an additional 268,667 shares during the period. Institutional investors and hedge funds own 93.50% of the company’s stock.

Analysts Set New Price Targets

PLD has been the topic of a number of analyst reports. TheStreet raised Prologis from a “c+” rating to a “b-” rating in a research note on Friday, January 26th. Mizuho reaffirmed a “neutral” rating and set a $130.00 price objective on shares of Prologis in a research note on Tuesday, April 2nd. Robert W. Baird raised their price objective on Prologis from $133.00 to $137.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 23rd. UBS Group dropped their price objective on Prologis from $151.00 to $138.00 and set a “buy” rating on the stock in a research note on Thursday. Finally, Barclays dropped their price objective on Prologis from $141.00 to $135.00 and set an “overweight” rating on the stock in a research note on Wednesday. Four equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Prologis currently has an average rating of “Moderate Buy” and an average price target of $140.00.

Prologis Stock Down 1.7 %

PLD stock traded down $1.82 during trading hours on Thursday, reaching $104.67. 6,310,203 shares of the stock were exchanged, compared to its average volume of 3,391,285. The firm’s 50-day moving average is $128.99 and its 200-day moving average is $122.19. The company has a market cap of $96.82 billion, a price-to-earnings ratio of 31.82, a PEG ratio of 2.29 and a beta of 1.00. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.30 and a quick ratio of 0.30. Prologis, Inc. has a 12 month low of $96.64 and a 12 month high of $137.52.

Prologis (NYSE:PLD) last announced its quarterly earnings data on Wednesday, January 17th. The real estate investment trust reported $0.68 earnings per share for the quarter, missing the consensus estimate of $1.26 by ($0.58). The company had revenue of $1.89 billion during the quarter, compared to the consensus estimate of $1.85 billion. Prologis had a net margin of 38.13% and a return on equity of 5.29%. Prologis’s revenue was up 7.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.24 EPS. On average, equities research analysts expect that Prologis, Inc. will post 5.5 earnings per share for the current year.

Prologis Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Monday, March 18th were issued a $0.96 dividend. This is a boost from Prologis’s previous quarterly dividend of $0.87. The ex-dividend date of this dividend was Friday, March 15th. This represents a $3.84 annualized dividend and a dividend yield of 3.67%. Prologis’s dividend payout ratio (DPR) is presently 116.72%.

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.