Van Lanschot Kempen Investment Management N.V. Cuts Holdings in Prologis, Inc. $PLD

Van Lanschot Kempen Investment Management N.V. trimmed its position in Prologis, Inc. (NYSE:PLD) by 30.2% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 155,319 shares of the real estate investment trust’s stock after selling 67,161 shares during the period. Van Lanschot Kempen Investment Management N.V.’s holdings in Prologis were worth $17,363,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in PLD. Legacy Financial Advisors Inc. lifted its position in shares of Prologis by 10.8% during the 1st quarter. Legacy Financial Advisors Inc. now owns 4,430 shares of the real estate investment trust’s stock worth $495,000 after buying an additional 433 shares in the last quarter. Texas Capital Bancshares Inc TX lifted its holdings in Prologis by 2.9% during the first quarter. Texas Capital Bancshares Inc TX now owns 6,651 shares of the real estate investment trust’s stock worth $744,000 after acquiring an additional 187 shares during the period. Texas Capital Bank Wealth Management Services Inc lifted its holdings in Prologis by 14.3% during the first quarter. Texas Capital Bank Wealth Management Services Inc now owns 67,794 shares of the real estate investment trust’s stock worth $7,579,000 after acquiring an additional 8,470 shares during the period. RWA Wealth Partners LLC boosted its position in Prologis by 1.9% in the first quarter. RWA Wealth Partners LLC now owns 10,229 shares of the real estate investment trust’s stock worth $1,143,000 after purchasing an additional 193 shares during the last quarter. Finally, Wellington Management Group LLP grew its stake in Prologis by 9.3% in the 1st quarter. Wellington Management Group LLP now owns 3,446,822 shares of the real estate investment trust’s stock valued at $385,320,000 after purchasing an additional 293,763 shares during the period. Hedge funds and other institutional investors own 93.50% of the company’s stock.

Prologis Stock Performance

NYSE:PLD opened at $105.50 on Tuesday. The business’s fifty day moving average is $107.06 and its 200 day moving average is $108.92. The firm has a market cap of $97.91 billion, a price-to-earnings ratio of 28.59, a PEG ratio of 2.67 and a beta of 1.21. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.65 and a current ratio of 0.65. Prologis, Inc. has a 52-week low of $85.35 and a 52-week high of $132.57.

Prologis (NYSE:PLD) last announced its quarterly earnings results on Wednesday, July 16th. The real estate investment trust reported $1.46 earnings per share for the quarter, beating the consensus estimate of $1.41 by $0.05. Prologis had a return on equity of 5.96% and a net margin of 40.29%. The firm had revenue of $2.03 billion for the quarter, compared to analysts’ expectations of $2.03 billion. During the same period in the prior year, the business posted $1.34 earnings per share. The company’s revenue was up 8.8% on a year-over-year basis. Research analysts predict that Prologis, Inc. will post 5.73 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. Wall Street Zen cut Prologis from a “hold” rating to a “sell” rating in a research note on Saturday, June 14th. Wolfe Research downgraded shares of Prologis from an “outperform” rating to a “peer perform” rating in a report on Monday, April 21st. UBS Group boosted their target price on shares of Prologis from $106.00 to $120.00 and gave the company a “buy” rating in a research note on Tuesday, July 8th. Robert W. Baird reduced their target price on shares of Prologis from $126.00 to $120.00 and set an “outperform” rating for the company in a research report on Wednesday, May 7th. Finally, Scotiabank lifted their price target on shares of Prologis from $97.00 to $100.00 and gave the stock a “sector underperform” rating in a report on Monday, May 12th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $120.33.

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.