Mather Group LLC. Grows Position in Prologis, Inc. (NYSE:PLD)

Mather Group LLC. increased its holdings in Prologis, Inc. (NYSE:PLD) by 7.5% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,361 shares of the real estate investment trust’s stock after acquiring an additional 444 shares during the quarter. Mather Group LLC.’s holdings in Prologis were worth $714,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently bought and sold shares of the business. Vanguard Group Inc. boosted its position in Prologis by 1.2% in the first quarter. Vanguard Group Inc. now owns 120,945,384 shares of the real estate investment trust’s stock worth $15,749,508,000 after purchasing an additional 1,460,229 shares during the last quarter. Valeo Financial Advisors LLC increased its holdings in Prologis by 182,067.2% in the 1st quarter. Valeo Financial Advisors LLC now owns 48,877,279 shares of the real estate investment trust’s stock worth $6,364,799,000 after acquiring an additional 48,850,448 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in shares of Prologis by 3.0% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 12,532,773 shares of the real estate investment trust’s stock worth $1,670,621,000 after purchasing an additional 365,904 shares in the last quarter. Principal Financial Group Inc. raised its position in shares of Prologis by 1.0% during the 4th quarter. Principal Financial Group Inc. now owns 12,325,559 shares of the real estate investment trust’s stock valued at $1,642,997,000 after purchasing an additional 123,902 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its holdings in Prologis by 1.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 9,519,818 shares of the real estate investment trust’s stock valued at $1,268,992,000 after acquiring an additional 175,276 shares during the period. 93.50% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Truist Financial upped their price objective on Prologis from $125.00 to $137.00 and gave the company a “buy” rating in a research report on Monday. Robert W. Baird lowered their price objective on shares of Prologis from $137.00 to $117.00 and set a “neutral” rating for the company in a research report on Wednesday, May 1st. Scotiabank cut their price target on shares of Prologis from $149.00 to $130.00 and set a “sector outperform” rating on the stock in a report on Thursday, May 16th. JPMorgan Chase & Co. lowered their price objective on Prologis from $143.00 to $128.00 and set an “overweight” rating for the company in a research report on Thursday, April 25th. Finally, UBS Group reduced their target price on Prologis from $151.00 to $138.00 and set a “buy” rating on the stock in a research report on Thursday, April 18th. Six research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Prologis presently has an average rating of “Moderate Buy” and an average target price of $132.27.

Prologis Price Performance

PLD stock traded up $2.48 during mid-day trading on Wednesday, reaching $123.53. The company’s stock had a trading volume of 856,644 shares, compared to its average volume of 3,747,534. The stock has a market cap of $114.37 billion, a PE ratio of 35.37, a P/E/G ratio of 3.02 and a beta of 1.06. The company’s 50 day moving average is $115.69 and its two-hundred day moving average is $119.56. Prologis, Inc. has a fifty-two week low of $96.64 and a fifty-two week high of $137.52. The company has a current ratio of 0.36, a quick ratio of 0.29 and a debt-to-equity ratio of 0.52.

Prologis (NYSE:PLD) last announced its quarterly earnings data on Wednesday, July 17th. The real estate investment trust reported $0.92 earnings per share for the quarter, missing analysts’ consensus estimates of $1.33 by ($0.41). Prologis had a net margin of 36.37% and a return on equity of 4.88%. The business had revenue of $2.01 billion during the quarter, compared to analyst estimates of $1.86 billion. During the same quarter last year, the firm posted $1.83 EPS. The company’s revenue for the quarter was down 18.1% on a year-over-year basis. Equities research analysts expect that Prologis, Inc. will post 5.43 EPS for the current year.

Prologis Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Monday, June 17th were paid a $0.96 dividend. This represents a $3.84 dividend on an annualized basis and a yield of 3.11%. The ex-dividend date of this dividend was Monday, June 17th. Prologis’s dividend payout ratio is currently 112.28%.

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.