Asset Management One Co. Ltd. Purchases 32,264 Shares of Prologis, Inc. (NYSE:PLD)

Asset Management One Co. Ltd. increased its holdings in Prologis, Inc. (NYSE:PLD) by 1.8% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,848,722 shares of the real estate investment trust’s stock after purchasing an additional 32,264 shares during the period. Prologis makes up about 0.7% of Asset Management One Co. Ltd.’s investment portfolio, making the stock its 22nd largest position. Asset Management One Co. Ltd. owned about 0.20% of Prologis worth $206,669,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. REAP Financial Group LLC lifted its stake in shares of Prologis by 40.0% in the 4th quarter. REAP Financial Group LLC now owns 294 shares of the real estate investment trust’s stock valued at $31,000 after purchasing an additional 84 shares during the last quarter. Phoenix Financial Ltd. raised its holdings in Prologis by 1.0% during the 4th quarter. Phoenix Financial Ltd. now owns 9,032 shares of the real estate investment trust’s stock valued at $955,000 after buying an additional 86 shares during the period. Black Diamond Financial LLC lifted its position in Prologis by 2.2% in the fourth quarter. Black Diamond Financial LLC now owns 4,246 shares of the real estate investment trust’s stock worth $449,000 after buying an additional 93 shares during the last quarter. CreativeOne Wealth LLC boosted its stake in Prologis by 1.7% during the fourth quarter. CreativeOne Wealth LLC now owns 6,073 shares of the real estate investment trust’s stock worth $642,000 after buying an additional 100 shares during the period. Finally, J.Safra Asset Management Corp boosted its stake in Prologis by 22.3% during the fourth quarter. J.Safra Asset Management Corp now owns 559 shares of the real estate investment trust’s stock worth $59,000 after buying an additional 102 shares during the period. Hedge funds and other institutional investors own 93.50% of the company’s stock.

Prologis Stock Performance

PLD stock opened at $107.16 on Tuesday. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.41 and a quick ratio of 0.41. Prologis, Inc. has a 1-year low of $85.35 and a 1-year high of $132.57. The business has a 50-day moving average price of $105.80 and a 200 day moving average price of $109.67. The company has a market capitalization of $99.44 billion, a P/E ratio of 26.79, a PEG ratio of 2.68 and a beta of 1.25.

Prologis (NYSE:PLD) last posted its quarterly earnings results on Wednesday, April 16th. The real estate investment trust reported $1.42 EPS for the quarter, beating the consensus estimate of $1.38 by $0.04. Prologis had a net margin of 44.59% and a return on equity of 6.45%. The business had revenue of $1.99 billion during the quarter, compared to analyst estimates of $1.99 billion. As a group, equities research analysts forecast that Prologis, Inc. will post 5.73 EPS for the current fiscal year.

Prologis Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Tuesday, June 17th will be issued a $1.01 dividend. The ex-dividend date of this dividend is Tuesday, June 17th. This represents a $4.04 dividend on an annualized basis and a dividend yield of 3.77%. Prologis’s dividend payout ratio is presently 101.00%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on PLD. Robert W. Baird reduced their target price on shares of Prologis from $126.00 to $120.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 7th. Barclays reduced their price objective on shares of Prologis from $132.00 to $119.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 30th. CJS Securities decreased their price objective on shares of Prologis from $140.00 to $117.00 in a research note on Friday, April 11th. BMO Capital Markets cut their target price on Prologis from $105.00 to $95.00 and set an “outperform” rating on the stock in a research note on Monday, April 14th. Finally, Truist Financial reduced their price target on Prologis from $123.00 to $120.00 and set a “buy” rating on the stock in a report on Monday, May 5th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $120.42.

Prologis Company 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.