44,188 Shares in Prologis, Inc. $PLD Bought by Merrithew & Thorsten Inc

Merrithew & Thorsten Inc purchased a new position in shares of Prologis, Inc. (NYSE:PLD) in the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 44,188 shares of the real estate investment trust’s stock, valued at approximately $5,641,000. Prologis makes up approximately 6.0% of Merrithew & Thorsten Inc’s portfolio, making the stock its 6th biggest position.

Other institutional investors have also bought and sold shares of the company. Nvwm LLC grew its holdings in Prologis by 6,069.7% during the fourth quarter. Nvwm LLC now owns 15,486 shares of the real estate investment trust’s stock worth $1,977,000 after buying an additional 15,235 shares in the last quarter. Foresight Group Ltd Liability Partnership grew its holdings in Prologis by 240.1% during the third quarter. Foresight Group Ltd Liability Partnership now owns 44,715 shares of the real estate investment trust’s stock worth $5,109,000 after buying an additional 31,567 shares in the last quarter. National Pension Service grew its holdings in Prologis by 2.4% during the third quarter. National Pension Service now owns 2,443,137 shares of the real estate investment trust’s stock worth $279,788,000 after buying an additional 56,272 shares in the last quarter. Envestnet Asset Management Inc. grew its holdings in Prologis by 3.6% during the third quarter. Envestnet Asset Management Inc. now owns 3,644,875 shares of the real estate investment trust’s stock worth $417,411,000 after buying an additional 126,613 shares in the last quarter. Finally, Assetmark Inc. grew its stake in Prologis by 10.0% in the 3rd quarter. Assetmark Inc. now owns 79,350 shares of the real estate investment trust’s stock valued at $9,087,000 after purchasing an additional 7,217 shares during the period. Institutional investors own 93.50% of the company’s stock.

Prologis Stock Up 1.2%

Shares of NYSE:PLD opened at $143.97 on Friday. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.51 and a quick ratio of 0.51. The company has a market capitalization of $134.23 billion, a PE ratio of 36.26, a price-to-earnings-growth ratio of 3.13 and a beta of 1.33. Prologis, Inc. has a 1 year low of $103.02 and a 1 year high of $145.44. The business has a fifty day moving average price of $136.83 and a two-hundred day moving average price of $132.04.

Prologis (NYSE:PLD) last posted its quarterly earnings results 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. The company had revenue of $2.30 billion during the quarter, compared to the consensus estimate of $2.12 billion. Prologis had a return on equity of 6.47% and a net margin of 41.54%.The firm’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.43 EPS. Prologis has set its FY 2026 guidance at 6.070-6.230 EPS. Analysts forecast that Prologis, Inc. will post 6.17 earnings per share for the current year.

Prologis Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 16th will be paid 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 3.0%. Prologis’s dividend payout ratio is presently 107.81%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on PLD shares. Evercore set a $135.00 price objective on Prologis in a research note on Friday, April 17th. The Goldman Sachs Group restated a “neutral” rating and issued a $157.00 price objective on shares of Prologis in a research note on Friday, April 17th. Citigroup upped their price objective on Prologis from $145.00 to $165.00 and gave the company a “buy” rating in a research note on Tuesday, April 21st. Scotiabank upped their price objective on Prologis from $146.00 to $154.00 and gave the company an “outperform” rating in a research note on Tuesday, April 21st. Finally, Royal Bank Of Canada upped their price objective on Prologis from $135.00 to $148.00 and gave the company a “sector perform” rating in a research note on Tuesday, April 28th. Sixteen equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $149.76.

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.