Metis Global Partners LLC Acquires 52,139 Shares of Prologis, Inc. $PLD

Metis Global Partners LLC raised its holdings in shares of Prologis, Inc. (NYSE:PLD) by 23.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 271,534 shares of the real estate investment trust’s stock after buying an additional 52,139 shares during the period. Prologis comprises approximately 0.7% of Metis Global Partners LLC’s portfolio, making the stock its 20th largest position. Metis Global Partners LLC’s holdings in Prologis were worth $31,096,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of PLD. Whittier Trust Co. of Nevada Inc. boosted its holdings in 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 valued at $1,941,000 after acquiring an additional 82 shares during the period. Fidelis Capital Partners LLC lifted its position 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 valued at $1,039,000 after purchasing an additional 89 shares during the last quarter. Ignite Planners LLC boosted its stake in shares of Prologis by 3.2% during the third quarter. Ignite Planners LLC now owns 2,937 shares of the real estate investment trust’s stock valued at $336,000 after purchasing an additional 92 shares during the period. ORG Partners LLC grew its holdings in shares of Prologis by 3.3% in the third quarter. ORG Partners LLC now owns 2,867 shares of the real estate investment trust’s stock worth $328,000 after purchasing an additional 92 shares during the last quarter. Finally, Stratos Wealth Partners LTD. grew its holdings in shares of Prologis by 0.7% in the second quarter. Stratos Wealth Partners LTD. now owns 13,678 shares of the real estate investment trust’s stock worth $1,438,000 after purchasing an additional 93 shares during the last quarter. Hedge funds and other institutional investors own 93.50% of the company’s stock.

Insider Buying and Selling

In other Prologis news, Director Cristina Gabriela Bita sold 621 shares of the firm’s stock in a transaction on Monday, December 1st. The stock was sold at an average price of $127.60, for a total transaction of $79,239.60. Following the completion of the transaction, the director owned 8,208 shares of the company’s stock, valued at approximately $1,047,340.80. This trade represents a 7.03% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.57% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on PLD shares. Morgan Stanley set a $135.00 price target on shares of Prologis in a report on Friday, January 16th. BMO Capital Markets reaffirmed a “market perform” rating and set a $123.00 price objective on shares of Prologis in a research note on Thursday, January 22nd. Scotiabank raised Prologis from a “sector perform” rating to a “sector outperform” rating and raised their target price for the stock from $133.00 to $146.00 in a research note on Wednesday, January 14th. Wall Street Zen downgraded Prologis from a “hold” rating to a “sell” rating in a report on Saturday, February 7th. Finally, Citigroup reiterated a “buy” rating on shares of Prologis in a report on Monday, January 26th. Thirteen analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Prologis has an average rating of “Moderate Buy” and an average price target of $135.32.

Prologis Price Performance

PLD stock opened at $136.46 on Friday. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.19 and a quick ratio of 0.64. Prologis, Inc. has a 1 year low of $85.35 and a 1 year high of $141.95. The firm has a 50-day moving average of $130.25 and a 200 day moving average of $121.60. The company has a market cap of $126.76 billion, a P/E ratio of 38.44, a PEG ratio of 3.46 and a beta of 1.42.

Prologis (NYSE:PLD) last posted its earnings results on Wednesday, January 21st. The real estate investment trust reported $1.44 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.44. Prologis had a return on equity of 5.78% and a net margin of 37.86%.The firm had revenue of $2.25 billion for the quarter, compared to the consensus estimate of $2.09 billion. During the same quarter in the prior year, the business earned $1.42 EPS. The business’s revenue for the quarter was up 7.8% on a year-over-year basis. Prologis has set its FY 2026 guidance at 6.000-6.200 EPS. On average, sell-side analysts forecast that Prologis, Inc. will post 5.73 EPS for the current year.

Prologis Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 17th will be issued a $1.07 dividend. This represents a $4.28 dividend on an annualized basis and a yield of 3.1%. This is a positive change from Prologis’s previous quarterly dividend of $1.01. The ex-dividend date is Tuesday, March 17th. Prologis’s dividend payout ratio 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.