Lbp Am Sa Has $5.41 Million Holdings in Prologis, Inc. (NYSE:PLD)

Lbp Am Sa decreased its stake in Prologis, Inc. (NYSE:PLD) by 37.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 41,575 shares of the real estate investment trust’s stock after selling 24,669 shares during the quarter. Lbp Am Sa’s holdings in Prologis were worth $5,414,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in PLD. Optimum Investment Advisors acquired a new stake in Prologis during the 1st quarter worth $26,000. True Wealth Design LLC acquired a new stake in shares of Prologis during the fourth quarter worth about $27,000. JFS Wealth Advisors LLC lifted its holdings in shares of Prologis by 254.5% during the 4th quarter. JFS Wealth Advisors LLC now owns 234 shares of the real estate investment trust’s stock valued at $31,000 after purchasing an additional 168 shares in the last quarter. Clear Investment Research LLC grew its position in shares of Prologis by 188.1% in the 4th quarter. Clear Investment Research LLC now owns 242 shares of the real estate investment trust’s stock valued at $32,000 after purchasing an additional 158 shares during the period. Finally, Private Wealth Management Group LLC bought a new stake in Prologis during the 4th quarter worth approximately $38,000. Institutional investors own 93.50% of the company’s stock.

Prologis Stock Performance

Prologis stock traded up $1.67 during mid-day trading on Thursday, hitting $127.72. 3,842,270 shares of the company’s stock traded hands, compared to its average volume of 3,742,109. Prologis, Inc. has a fifty-two week low of $96.64 and a fifty-two week high of $137.52. The stock has a market cap of $118.26 billion, a price-to-earnings ratio of 37.06, a P/E/G ratio of 2.98 and a beta of 1.06. The firm has a 50 day simple moving average of $114.26 and a two-hundred day simple moving average of $119.78. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.36 and a quick ratio of 0.29.

Prologis (NYSE:PLD) last posted its earnings results on Wednesday, July 17th. The real estate investment trust reported $0.92 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.33 by ($0.41). The company had revenue of $2.01 billion for the quarter, compared to analyst estimates of $1.86 billion. Prologis had a return on equity of 4.88% and a net margin of 36.37%. The business’s quarterly revenue was down 18.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.83 EPS. On average, research analysts expect that Prologis, Inc. will post 5.43 EPS for the current fiscal year.

Prologis Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Monday, June 17th were issued a dividend of $0.96 per share. The ex-dividend date of this dividend was Monday, June 17th. This represents a $3.84 annualized dividend and a yield of 3.01%. Prologis’s payout ratio is currently 112.28%.

Analysts Set New Price Targets

Several equities research analysts recently commented on PLD shares. JPMorgan Chase & Co. cut their price objective on shares of Prologis from $143.00 to $128.00 and set an “overweight” rating on the stock in a research report on Thursday, April 25th. Argus upped their price objective on Prologis from $120.00 to $135.00 and gave the stock a “buy” rating in a research report on Tuesday, July 23rd. Scotiabank dropped their target price on Prologis from $149.00 to $130.00 and set a “sector outperform” rating on the stock in a research report on Thursday, May 16th. The Goldman Sachs Group upped their price target on Prologis from $140.00 to $156.00 and gave the stock a “buy” rating in a research report on Thursday, July 25th. Finally, Mizuho cut their price objective on shares of Prologis from $130.00 to $120.00 and set a “neutral” rating on the stock in a research report on Friday, May 31st. Five research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Prologis currently has an average rating of “Moderate Buy” and a consensus price target of $130.93.

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.