Capital International Inc. CA Has $6.15 Million Position in Prologis, Inc. (NYSE:PLD)

Capital International Inc. CA boosted its holdings in shares of Prologis, Inc. (NYSE:PLD) by 42.7% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 58,154 shares of the real estate investment trust’s stock after acquiring an additional 17,392 shares during the period. Capital International Inc. CA’s holdings in Prologis were worth $6,147,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Murphy & Mullick Capital Management Corp bought a new stake in Prologis in the fourth quarter valued at about $26,000. Crowley Wealth Management Inc. bought a new stake in shares of Prologis in the 4th quarter valued at about $27,000. Centricity Wealth Management LLC bought a new position in Prologis during the 4th quarter worth approximately $30,000. Whipplewood Advisors LLC bought a new position in Prologis during the 4th quarter worth approximately $34,000. Finally, Promus Capital LLC acquired a new position in Prologis during the fourth quarter valued at approximately $34,000. Institutional investors own 93.50% of the company’s stock.

Prologis Price Performance

NYSE:PLD opened at $101.89 on Friday. Prologis, Inc. has a 12-month low of $85.35 and a 12-month high of $132.57. The firm has a market capitalization of $94.45 billion, a price-to-earnings ratio of 25.47, a P/E/G ratio of 2.70 and a beta of 1.20. The stock’s 50 day moving average price is $111.44 and its two-hundred day moving average price is $113.19. The company has a quick ratio of 0.43, a current ratio of 0.75 and a debt-to-equity ratio of 0.53.

Prologis (NYSE:PLD) last announced its quarterly earnings results on Wednesday, April 16th. The real estate investment trust reported $1.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.38 by $0.04. Prologis had a return on equity of 6.44% and a net margin of 45.50%. The business had revenue of $1.99 billion during the quarter, compared to the consensus estimate of $1.99 billion. On average, analysts anticipate that Prologis, Inc. will post 5.73 earnings per share for the current year.

Prologis Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Tuesday, March 18th were issued a dividend of $1.01 per share. This is an increase from Prologis’s previous quarterly dividend of $0.96. The ex-dividend date of this dividend was Tuesday, March 18th. This represents a $4.04 annualized dividend and a dividend yield of 3.96%. Prologis’s payout ratio is presently 101.00%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on PLD. Mizuho cut their target price on shares of Prologis from $117.00 to $105.00 and set a “neutral” rating on the stock in a report on Friday, April 11th. Raymond James restated a “market perform” rating on shares of Prologis in a report on Monday, February 3rd. Morgan Stanley decreased their price objective on Prologis to $120.00 and set an “outperform” rating for the company in a research report on Monday, April 14th. Wolfe Research cut their price target on shares of Prologis from $135.00 to $128.00 and set an “overweight” rating on the stock in a research note on Friday, January 17th. Finally, BTIG Research dropped their price objective on shares of Prologis from $154.00 to $134.00 and set a “buy” rating on the stock in a report on Friday, January 17th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, Prologis has an average rating of “Moderate Buy” and a consensus target price of $123.32.

Insider Activity at Prologis

In other news, CIO Joseph Ghazal sold 10,997 shares of the stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $118.74, for a total transaction of $1,305,783.78. Following the transaction, the executive now owns 7,977 shares in the company, valued at approximately $947,188.98. This trade represents a 57.96 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.57% of the stock is owned by company insiders.

Prologis Profile

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.