Metis Global Partners LLC Has $42.88 Million Stake in Prologis, Inc. $PLD

Metis Global Partners LLC raised its position in shares of Prologis, Inc. (NYSE:PLD) by 23.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 335,890 shares of the real estate investment trust’s stock after buying an additional 64,356 shares during the period. Prologis comprises 1.0% of Metis Global Partners LLC’s portfolio, making the stock its 15th biggest position. Metis Global Partners LLC’s holdings in Prologis were worth $42,880,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of PLD. High Point Wealth Management LLC acquired a new stake in shares of Prologis in the fourth quarter valued at approximately $26,000. Ares Financial Consulting LLC acquired a new stake in shares of Prologis in the fourth quarter valued at approximately $26,000. Eagle Bay Advisors LLC acquired a new stake in shares of Prologis in the fourth quarter valued at approximately $27,000. SouthState Bank Corp increased its holdings in shares of Prologis by 73.1% in the fourth quarter. SouthState Bank Corp now owns 225 shares of the real estate investment trust’s stock valued at $29,000 after purchasing an additional 95 shares in the last quarter. Finally, Hilton Head Capital Partners LLC acquired a new stake in shares of Prologis in the fourth quarter valued at approximately $29,000. Institutional investors and hedge funds own 93.50% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. JPMorgan Chase & Co. raised their price target on shares of Prologis from $141.00 to $157.00 and gave the company an “overweight” rating in a report on Tuesday, April 21st. The Goldman Sachs Group reissued a “neutral” rating and issued a $157.00 price target on shares of Prologis in a report on Friday, April 17th. Royal Bank Of Canada raised their price target on shares of Prologis from $135.00 to $148.00 and gave the company a “sector perform” rating in a report on Tuesday, April 28th. Robert W. Baird raised their price target on shares of Prologis from $133.00 to $136.00 and gave the company a “neutral” rating in a report on Friday, April 17th. Finally, Mizuho raised their price target on shares of Prologis from $143.00 to $150.00 and gave the company an “outperform” rating in a report on Wednesday, April 22nd. Sixteen analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $151.86.

Prologis Price Performance

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 stock has a market cap of $136.14 billion, a PE ratio of 36.78, a PEG ratio of 3.24 and a beta of 1.32. 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 firm’s 50 day moving average price is $141.38 and its two-hundred day moving average price is $135.27.

Prologis (NYSE:PLD) last announced its quarterly earnings data on Thursday, April 16th. The real estate investment trust reported $1.05 earnings per share (EPS) 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 for the quarter, compared to analysts’ expectations of $2.12 billion. During the same period last year, the firm earned $1.43 earnings per share. The business’s revenue for the quarter was up 6.9% on a year-over-year basis. Prologis has set its FY 2026 guidance at 6.070-6.230 EPS. As a group, analysts forecast that Prologis, Inc. will post 6.18 EPS for the current year.

Prologis Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 16th will be paid a $1.07 dividend. The ex-dividend date of this dividend is Tuesday, June 16th. This represents a $4.28 dividend on an annualized basis and a yield of 2.9%. Prologis’s dividend payout ratio (DPR) is presently 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.