Sivia Capital Partners LLC Raises Stock Position in Prologis, Inc. (NYSE:PLD)

Sivia Capital Partners LLC boosted its holdings in Prologis, Inc. (NYSE:PLD) by 6.6% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,001 shares of the real estate investment trust’s stock after acquiring an additional 124 shares during the quarter. Sivia Capital Partners LLC’s holdings in Prologis were worth $212,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Prologis by 534.7% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 10,143,554 shares of the real estate investment trust’s stock worth $1,280,928,000 after acquiring an additional 8,545,336 shares during the last quarter. Janus Henderson Group PLC lifted its stake in Prologis by 145.0% during the third quarter. Janus Henderson Group PLC now owns 3,613,494 shares of the real estate investment trust’s stock worth $456,320,000 after purchasing an additional 2,138,693 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC purchased a new position in shares of Prologis in the 2nd quarter worth about $203,223,000. AMF Tjanstepension AB increased its position in shares of Prologis by 267.9% during the 3rd quarter. AMF Tjanstepension AB now owns 1,875,612 shares of the real estate investment trust’s stock valued at $236,879,000 after purchasing an additional 1,365,811 shares during the last quarter. Finally, 1832 Asset Management L.P. raised its holdings in shares of Prologis by 137.7% during the 2nd quarter. 1832 Asset Management L.P. now owns 1,856,632 shares of the real estate investment trust’s stock valued at $208,518,000 after buying an additional 1,075,614 shares in the last quarter. Hedge funds and other institutional investors own 93.50% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on PLD. Robert W. Baird upgraded shares of Prologis from a “neutral” rating to an “outperform” rating and reduced their price target for the company from $124.00 to $123.00 in a research report on Monday, January 6th. Evercore ISI increased their target price on shares of Prologis from $124.00 to $128.00 and gave the company an “in-line” rating in a report on Monday, September 16th. Baird R W raised shares of Prologis from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 6th. Scotiabank reduced their price objective on Prologis from $136.00 to $134.00 and set a “sector outperform” rating on the stock in a research note on Wednesday, December 4th. Finally, Raymond James reissued an “outperform” rating and issued a $125.00 target price (down previously from $130.00) on shares of Prologis in a research note on Wednesday, December 11th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Prologis has an average rating of “Moderate Buy” and a consensus price target of $129.06.

Prologis Trading Up 1.3 %

Shares of NYSE PLD traded up $1.30 during midday trading on Monday, hitting $104.89. 3,467,755 shares of the company traded hands, compared to its average volume of 4,041,769. Prologis, Inc. has a 12-month low of $100.82 and a 12-month high of $135.76. The firm has a market cap of $97.15 billion, a P/E ratio of 31.69, a P/E/G ratio of 3.27 and a beta of 1.09. The stock has a 50-day moving average price of $110.94 and a 200 day moving average price of $118.50. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.43 and a current ratio of 0.43.

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

Prologis Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 16th were paid a $0.96 dividend. This represents a $3.84 dividend on an annualized basis and a yield of 3.66%. The ex-dividend date of this dividend was Monday, December 16th. Prologis’s payout ratio is 116.01%.

About Prologis

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.