Jennison Associates LLC Has $137.11 Million Position in Prologis, Inc. $PLD

Jennison Associates LLC reduced its position in shares of Prologis, Inc. (NYSE:PLD) by 0.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,074,022 shares of the real estate investment trust’s stock after selling 9,867 shares during the quarter. Jennison Associates LLC’s holdings in Prologis were worth $137,110,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. Brighton Jones LLC grew its holdings in shares of Prologis by 629.0% during the 4th quarter. Brighton Jones LLC now owns 17,475 shares of the real estate investment trust’s stock valued at $1,847,000 after acquiring an additional 15,078 shares in the last quarter. Schnieders Capital Management LLC. grew its holdings in shares of Prologis by 45.4% during the 2nd quarter. Schnieders Capital Management LLC. now owns 10,728 shares of the real estate investment trust’s stock valued at $1,128,000 after acquiring an additional 3,350 shares in the last quarter. Walleye Capital LLC purchased a new position in shares of Prologis during the 2nd quarter valued at $422,000. NewEdge Advisors LLC grew its holdings in shares of Prologis by 6.8% during the 2nd quarter. NewEdge Advisors LLC now owns 63,829 shares of the real estate investment trust’s stock valued at $6,710,000 after acquiring an additional 4,074 shares in the last quarter. Finally, Treasurer of the State of North Carolina grew its holdings in shares of Prologis by 2.4% during the 2nd quarter. Treasurer of the State of North Carolina now owns 433,312 shares of the real estate investment trust’s stock valued at $45,550,000 after acquiring an additional 10,266 shares in the last quarter. 93.50% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently commented on PLD. Scotiabank boosted their price target on shares of Prologis from $146.00 to $154.00 and gave the company an “outperform” rating in a report on Tuesday, April 21st. Wall Street Zen cut shares of Prologis from a “hold” rating to a “sell” rating in a report on Sunday. Weiss Ratings cut shares of Prologis from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, April 16th. BMO Capital Markets reiterated a “market perform” rating and issued a $123.00 price objective on shares of Prologis in a report on Thursday, January 22nd. Finally, Robert W. Baird upped their price objective on shares of Prologis from $133.00 to $136.00 and gave the stock a “neutral” rating in a report on Friday, April 17th. Fourteen research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $147.90.

Prologis Stock Up 1.0%

Prologis stock opened at $140.21 on Thursday. The firm has a market cap of $130.71 billion, a price-to-earnings ratio of 35.33, a P/E/G ratio of 3.08 and a beta of 1.40. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.16 and a quick ratio of 0.58. Prologis, Inc. has a fifty-two week low of $101.96 and a fifty-two week high of $145.44. The firm has a fifty day moving average price of $136.70 and a two-hundred day moving average price of $131.31.

Prologis (NYSE:PLD) last released its earnings results on Thursday, April 16th. The real estate investment trust reported $1.05 earnings per share for the quarter, topping analysts’ consensus estimates of $0.81 by $0.24. The firm had revenue of $2.30 billion during the quarter, compared to analyst estimates of $2.12 billion. Prologis had a net margin of 41.54% and a return on equity of 6.46%. The business’s revenue was up 6.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.43 EPS. Prologis has set its FY 2026 guidance at 6.070-6.230 EPS. As a group, analysts forecast that Prologis, Inc. will post 6.17 earnings per share for the current year.

Prologis Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 16th will be given a dividend of $1.07 per share. 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 3.1%. Prologis’s payout ratio is currently 107.81%.

Prologis Profile

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.