Mariner LLC Has $65.46 Million Stock Position in Prologis, Inc. $PLD

Mariner LLC lifted its holdings in shares of Prologis, Inc. (NYSE:PLD) by 13.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 512,667 shares of the real estate investment trust’s stock after purchasing an additional 61,499 shares during the period. Mariner LLC owned 0.06% of Prologis worth $65,460,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the business. High Note Wealth LLC lifted its holdings in shares of Prologis by 43.9% during the fourth quarter. High Note Wealth LLC now owns 249 shares of the real estate investment trust’s stock worth $32,000 after purchasing an additional 76 shares during the period. Dakota Community Bank & Trust NA lifted its holdings in shares of Prologis by 3.4% during the fourth quarter. Dakota Community Bank & Trust NA now owns 2,398 shares of the real estate investment trust’s stock worth $306,000 after purchasing an additional 79 shares during the period. Dearborn Partners LLC lifted its holdings in shares of Prologis by 4.2% during the fourth quarter. Dearborn Partners LLC now owns 1,969 shares of the real estate investment trust’s stock worth $251,000 after purchasing an additional 79 shares during the period. Peddock Capital Advisors LLC lifted its holdings in shares of Prologis by 3.1% during the fourth quarter. Peddock Capital Advisors LLC now owns 2,651 shares of the real estate investment trust’s stock worth $338,000 after purchasing an additional 80 shares during the period. Finally, Foster Dykema Cabot & Partners LLC lifted its holdings in shares of Prologis by 1.0% during the third quarter. Foster Dykema Cabot & Partners LLC now owns 8,232 shares of the real estate investment trust’s stock worth $943,000 after purchasing an additional 83 shares during the period. Institutional investors and hedge funds own 93.50% of the company’s stock.

Prologis Trading Down 0.2%

PLD opened at $148.45 on Tuesday. Prologis, Inc. has a 1-year low of $103.41 and a 1-year high of $150.18. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.60. The company has a market cap of $138.41 billion, a P/E ratio of 37.39, a price-to-earnings-growth ratio of 3.27 and a beta of 1.32. The company has a fifty day moving average price of $142.28 and a two-hundred day moving average price of $135.72.

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 analysts’ consensus estimates of $0.81 by $0.24. Prologis had a return on equity of 6.47% and a net margin of 41.54%.The business had revenue of $2.30 billion for the quarter, compared to the consensus estimate of $2.12 billion. During the same period in the prior year, the business earned $1.43 EPS. The firm’s revenue for the quarter was up 6.9% on a year-over-year basis. Prologis has set its FY 2026 guidance at 6.070-6.230 EPS. Analysts predict that Prologis, Inc. will post 6.18 EPS for the current fiscal year.

Prologis Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 16th will be paid a dividend of $1.07 per share. This represents a $4.28 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend is Tuesday, June 16th. Prologis’s dividend payout ratio is 107.81%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on PLD. Wall Street Zen raised shares of Prologis from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Citigroup lifted their target price on shares of Prologis from $145.00 to $165.00 and gave the stock a “buy” rating in a research note on Tuesday, April 21st. Evercore set a $135.00 target price on shares of Prologis in a research note on Friday, April 17th. Royal Bank Of Canada lifted their target price on shares of Prologis from $135.00 to $148.00 and gave the stock a “sector perform” rating in a research note on Tuesday, April 28th. Finally, Scotiabank lifted their target price on shares of Prologis from $146.00 to $154.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 21st. Sixteen research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $151.86.

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.