Macquarie Group Ltd. Has $115.18 Million Stock Position in Prologis, Inc. $PLD

Macquarie Group Ltd. reduced its holdings in Prologis, Inc. (NYSE:PLD) by 67.5% in the 4th quarter, HoldingsChannel reports. The fund owned 902,244 shares of the real estate investment trust’s stock after selling 1,872,225 shares during the period. Macquarie Group Ltd.’s holdings in Prologis were worth $115,180,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Ares Financial Consulting LLC acquired a new position in Prologis in the 4th quarter valued at approximately $26,000. High Point Wealth Management LLC acquired a new position in Prologis in the 4th quarter valued at approximately $26,000. Eagle Bay Advisors LLC acquired a new position in Prologis in the 4th quarter valued at approximately $27,000. SouthState Bank Corp increased its position in Prologis by 73.1% in the 4th quarter. SouthState Bank Corp now owns 225 shares of the real estate investment trust’s stock valued at $29,000 after acquiring an additional 95 shares during the period. Finally, Hilton Head Capital Partners LLC acquired a new position in Prologis in the 4th quarter valued at approximately $29,000. 93.50% of the stock is currently owned by institutional investors and hedge funds.

Prologis Trading Up 0.9%

PLD opened at $148.49 on Friday. Prologis, Inc. has a twelve month low of $103.41 and a twelve month high of $149.70. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 0.60. The company has a fifty day moving average of $141.99 and a 200-day moving average of $135.51. The stock has a market cap of $138.44 billion, a PE ratio of 37.40, a price-to-earnings-growth ratio of 3.24 and a beta of 1.32.

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

Prologis Announces Dividend

The company also recently disclosed 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. The ex-dividend date is Tuesday, June 16th. This represents a $4.28 annualized dividend and a dividend yield of 2.9%. Prologis’s dividend payout ratio is 107.81%.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on PLD shares. DA Davidson upped their price target on shares of Prologis from $140.00 to $160.00 and gave the company a “buy” rating in a research report on Tuesday, April 21st. UBS Group upped their price target on shares of Prologis from $148.00 to $161.00 and gave the company a “buy” rating in a research report on Friday, April 17th. Truist Financial upped their price target on shares of Prologis from $139.00 to $154.00 and gave the company a “buy” rating in a research report on Friday, April 24th. Citigroup upped their price target on shares of Prologis from $145.00 to $165.00 and gave the company a “buy” rating in a research report on Tuesday, April 21st. Finally, BTIG Research restated a “buy” rating and issued a $155.00 price target on shares of Prologis in a research report on Wednesday, April 15th. Sixteen equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $151.86.

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.