Foresight Group Ltd Liability Partnership Has $626,000 Holdings in Prologis, Inc. (NYSE:PLD)

Foresight Group Ltd Liability Partnership decreased its position in shares of Prologis, Inc. (NYSE:PLD) by 8.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 5,956 shares of the real estate investment trust’s stock after selling 577 shares during the quarter. Foresight Group Ltd Liability Partnership’s holdings in Prologis were worth $626,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of PLD. Coronation Fund Managers Ltd. purchased a new position in Prologis in the second quarter worth $878,000. Edgestream Partners L.P. purchased a new position in Prologis in the second quarter worth $241,000. Mercer Global Advisors Inc. ADV grew its holdings in shares of Prologis by 7.7% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 103,621 shares of the real estate investment trust’s stock valued at $11,601,000 after purchasing an additional 7,385 shares during the last quarter. Argent Trust Co grew its holdings in shares of Prologis by 4.9% in the second quarter. Argent Trust Co now owns 8,378 shares of the real estate investment trust’s stock worth $941,000 after purchasing an additional 394 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC grew its position in shares of Prologis by 2.6% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 62,323 shares of the real estate investment trust’s stock worth $6,786,000 after buying an additional 1,564 shares during the last quarter. 93.50% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on PLD shares. Barclays boosted their target price on Prologis from $131.00 to $132.00 and gave the stock an “overweight” rating in a report on Monday, November 18th. Raymond James reissued an “outperform” rating and set a $125.00 target price (down previously from $130.00) on shares of Prologis in a research note on Wednesday, December 11th. Truist Financial reduced their price target on shares of Prologis from $137.00 to $132.00 and set a “buy” rating on the stock in a research report on Thursday, December 5th. Baird R W upgraded shares of Prologis from a “hold” rating to a “strong-buy” rating in a report on Monday, January 6th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Prologis from $138.00 to $131.00 and set an “overweight” rating for the company in a research note on Monday, October 21st. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Prologis currently has an average rating of “Moderate Buy” and a consensus target price of $129.06.

Prologis Trading Up 2.9 %

PLD opened at $111.00 on Friday. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.56. The firm has a market cap of $102.80 billion, a P/E ratio of 33.53, a P/E/G ratio of 2.85 and a beta of 1.09. Prologis, Inc. has a 52 week low of $100.82 and a 52 week high of $135.76. The business has a fifty day simple moving average of $110.53 and a 200-day simple moving average of $118.36.

Prologis (NYSE:PLD) last announced its quarterly earnings data on Wednesday, October 16th. The real estate investment trust reported $1.08 EPS for the quarter, missing analysts’ consensus estimates of $1.37 by ($0.29). The company had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.91 billion. Prologis had a return on equity of 5.34% and a net margin of 39.08%. The business’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.30 earnings per share. On average, equities analysts expect that Prologis, Inc. will post 5.45 earnings per share for the current year.

Prologis Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th were issued a dividend of $0.96 per share. The ex-dividend date was Monday, December 16th. This represents a $3.84 dividend on an annualized basis and a yield of 3.46%. Prologis’s payout ratio is currently 116.01%.

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.