Mackenzie Financial Corp Has $36.09 Million Position in Prologis, Inc. $PLD

Mackenzie Financial Corp boosted its holdings in shares of Prologis, Inc. (NYSE:PLD) by 18.2% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 315,153 shares of the real estate investment trust’s stock after acquiring an additional 48,550 shares during the quarter. Mackenzie Financial Corp’s holdings in Prologis were worth $36,091,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in PLD. Whittier Trust Co. of Nevada Inc. increased its stake in shares of Prologis by 0.5% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 16,583 shares of the real estate investment trust’s stock worth $1,941,000 after purchasing an additional 82 shares during the last quarter. Foster Dykema Cabot & Partners LLC lifted its stake in shares of Prologis by 1.0% in the 3rd quarter. Foster Dykema Cabot & Partners LLC now owns 8,232 shares of the real estate investment trust’s stock valued at $943,000 after purchasing an additional 83 shares during the last quarter. Cornerstone Advisory LLC lifted its stake in shares of Prologis by 2.4% in the 3rd quarter. Cornerstone Advisory LLC now owns 3,535 shares of the real estate investment trust’s stock valued at $405,000 after purchasing an additional 84 shares during the last quarter. Clear Investment Research LLC boosted its holdings in Prologis by 34.5% in the third quarter. Clear Investment Research LLC now owns 343 shares of the real estate investment trust’s stock worth $39,000 after purchasing an additional 88 shares in the last quarter. Finally, Fidelis Capital Partners LLC boosted its holdings in Prologis by 1.0% in the third quarter. Fidelis Capital Partners LLC now owns 9,069 shares of the real estate investment trust’s stock worth $1,039,000 after purchasing an additional 89 shares in the last quarter. 93.50% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have weighed in on PLD shares. Robert W. Baird restated a “neutral” rating and set a $130.00 target price (up from $128.00) on shares of Prologis in a report on Thursday, January 8th. BNP Paribas Exane upped their price target on Prologis from $129.00 to $140.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 21st. Royal Bank Of Canada increased their price objective on Prologis from $132.00 to $135.00 and gave the company a “sector perform” rating in a report on Monday, February 2nd. BMO Capital Markets reissued a “market perform” rating and issued a $123.00 price objective on shares of Prologis in a research note on Thursday, January 22nd. Finally, Argus boosted their target price on Prologis from $128.00 to $135.00 and gave the stock a “buy” rating in a report on Thursday, January 22nd. Fourteen research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, Prologis currently has a consensus rating of “Moderate Buy” and a consensus target price of $137.20.

Prologis Price Performance

NYSE PLD opened at $131.78 on Friday. The stock has a 50-day simple moving average of $134.45 and a 200 day simple moving average of $126.02. Prologis, Inc. has a twelve month low of $85.35 and a twelve month high of $143.95. The stock has a market capitalization of $122.50 billion, a PE ratio of 37.12, a P/E/G ratio of 3.18 and a beta of 1.41. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.58 and a current ratio of 0.58.

Prologis (NYSE:PLD) last released its earnings results on Wednesday, January 21st. The real estate investment trust reported $1.44 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.44. The firm had revenue of $2.25 billion for the quarter, compared to analyst estimates of $2.09 billion. Prologis had a return on equity of 5.79% and a net margin of 37.86%.The company’s revenue was up 7.8% on a year-over-year basis. During the same quarter last year, the firm posted $1.42 EPS. Prologis has set its FY 2026 guidance at 6.000-6.200 EPS. Research analysts anticipate that Prologis, Inc. will post 5.73 EPS for the current year.

Prologis Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 17th will be given a $1.07 dividend. This is a positive change from Prologis’s previous quarterly dividend of $1.01. This represents a $4.28 annualized dividend and a dividend yield of 3.2%. The ex-dividend date of this dividend is Tuesday, March 17th. Prologis’s dividend payout ratio (DPR) is currently 113.80%.

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.