Public Employees Retirement System of Ohio Has $219.53 Million Position in Prologis, Inc. (NYSE:PLD)

Public Employees Retirement System of Ohio lifted its stake in shares of Prologis, Inc. (NYSE:PLD - Free Report) by 0.4% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,738,435 shares of the real estate investment trust's stock after purchasing an additional 6,495 shares during the period. Prologis comprises about 0.9% of Public Employees Retirement System of Ohio's investment portfolio, making the stock its 12th biggest holding. Public Employees Retirement System of Ohio owned about 0.19% of Prologis worth $219,530,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of PLD. American Capital Advisory LLC bought a new position in Prologis in the second quarter worth about $26,000. Semmax Financial Advisors Inc. bought a new position in Prologis in the second quarter worth about $27,000. Sunbelt Securities Inc. lifted its holdings in Prologis by 640.0% in the second quarter. Sunbelt Securities Inc. now owns 259 shares of the real estate investment trust's stock worth $29,000 after acquiring an additional 224 shares during the last quarter. Wetzel Investment Advisors Inc. bought a new stake in shares of Prologis during the second quarter valued at approximately $31,000. Finally, Dunhill Financial LLC raised its holdings in shares of Prologis by 239.5% during the third quarter. Dunhill Financial LLC now owns 258 shares of the real estate investment trust's stock valued at $33,000 after buying an additional 182 shares during the last quarter. Institutional investors own 93.50% of the company's stock.

Wall Street Analysts Forecast Growth

PLD has been the topic of a number of recent analyst reports. Scotiabank cut their price target on Prologis from $136.00 to $134.00 and set a "sector outperform" rating on the stock in a report on Wednesday, December 4th. Barclays lifted their price target on Prologis from $131.00 to $132.00 and gave the company an "overweight" rating in a report on Monday, November 18th. Bank of America reiterated a "neutral" rating and set a $128.00 price objective on shares of Prologis in a research note on Monday, August 12th. The Goldman Sachs Group reiterated a "neutral" rating and set a $132.00 price objective (down previously from $142.00) on shares of Prologis in a research note on Monday, October 21st. Finally, Truist Financial lowered their price objective on shares of Prologis from $137.00 to $132.00 and set a "buy" rating on the stock in a research note on Thursday. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $130.13.

Prologis Trading Up 2.9 %

NYSE PLD traded up $3.22 on Monday, hitting $115.22. 3,218,775 shares of the stock were exchanged, compared to its average volume of 3,648,388. Prologis, Inc. has a 52-week low of $101.11 and a 52-week high of $137.52. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.43 and a quick ratio of 0.43. The company has a market capitalization of $106.71 billion, a price-to-earnings ratio of 33.84, a P/E/G ratio of 3.27 and a beta of 1.07. The company's 50-day moving average price is $117.57 and its two-hundred day moving average price is $118.93.

Prologis (NYSE:PLD - Get Free Report) last posted its quarterly earnings data on Wednesday, October 16th. The real estate investment trust reported $1.08 earnings per share for the quarter, missing the consensus estimate of $1.37 by ($0.29). Prologis had a return on equity of 5.34% and a net margin of 39.08%. The firm had revenue of $1.90 billion for the quarter, compared to analysts' expectations of $1.91 billion. During the same quarter in the previous year, the firm posted $1.30 earnings per share. The company's revenue for the quarter was up 6.9% on a year-over-year basis. Research analysts predict that Prologis, Inc. will post 5.45 EPS for the current year.

Prologis Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be paid a dividend of $0.96 per share. This represents a $3.84 dividend on an annualized basis and a dividend yield of 3.33%. The ex-dividend date of this dividend is Monday, December 16th. Prologis's dividend payout ratio (DPR) is currently 116.01%.

About Prologis

Prologis, Inc is the global leader in logistics real estate with a focus on high-barrier, high-growth markets. At March 31, 2024, the company owned or had investments in, on a wholly owned basis or through co-investment ventures, properties and development projects expected to total approximately 1.2 billion square feet (115 million square meters) in 19 countries.