Anomaly Capital Management LP Sells 18,230 Shares of Prologis, Inc. (NYSE:PLD)

Anomaly Capital Management LP trimmed its position in Prologis, Inc. (NYSE:PLD - Free Report) by 1.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 926,883 shares of the real estate investment trust's stock after selling 18,230 shares during the period. Prologis comprises approximately 2.9% of Anomaly Capital Management LP's holdings, making the stock its 12th largest holding. Anomaly Capital Management LP owned about 0.10% of Prologis worth $97,972,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of PLD. Cohen & Steers Inc. lifted its stake in shares of Prologis by 3.2% in the 4th quarter. Cohen & Steers Inc. now owns 28,331,750 shares of the real estate investment trust's stock valued at $2,994,557,000 after purchasing an additional 882,529 shares during the period. Geode Capital Management LLC lifted its stake in shares of Prologis by 2.9% in the 4th quarter. Geode Capital Management LLC now owns 21,372,231 shares of the real estate investment trust's stock valued at $2,252,853,000 after purchasing an additional 610,251 shares during the period. FMR LLC lifted its stake in shares of Prologis by 11.7% in the 4th quarter. FMR LLC now owns 17,878,397 shares of the real estate investment trust's stock valued at $1,889,747,000 after purchasing an additional 1,875,978 shares during the period. Massachusetts Financial Services Co. MA lifted its stake in shares of Prologis by 2.1% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 16,596,799 shares of the real estate investment trust's stock valued at $1,754,282,000 after purchasing an additional 334,907 shares during the period. Finally, Capital Research Global Investors lifted its stake in shares of Prologis by 25.4% in the 4th quarter. Capital Research Global Investors now owns 12,345,523 shares of the real estate investment trust's stock valued at $1,304,922,000 after purchasing an additional 2,500,761 shares during the period. 93.50% of the stock is currently owned by institutional investors.

Insider Activity

In related news, CIO Joseph Ghazal sold 10,997 shares of Prologis stock in a transaction dated 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 completion of 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.57% of the stock is owned by corporate insiders.

Prologis Stock Down 1.0 %

Shares of NYSE PLD traded down $1.05 during mid-day trading on Friday, hitting $102.31. The company had a trading volume of 2,828,184 shares, compared to its average volume of 4,148,572. The company has a market capitalization of $94.84 billion, a PE ratio of 25.58, a price-to-earnings-growth ratio of 2.70 and a beta of 1.20. The firm has a 50-day simple moving average of $109.48 and a two-hundred day simple moving average of $112.48. The company has a current ratio of 0.75, a quick ratio of 0.43 and a debt-to-equity ratio of 0.53. Prologis, Inc. has a one year low of $85.35 and a one year high of $132.57.

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

Prologis Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Tuesday, March 18th were issued a $1.01 dividend. This is a boost from Prologis's previous quarterly dividend of $0.96. The ex-dividend date was Tuesday, March 18th. This represents a $4.04 annualized dividend and a dividend yield of 3.95%. Prologis's dividend payout ratio (DPR) is presently 101.00%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on PLD. Scotiabank reissued a "sector underperform" rating and issued a $97.00 price target (down previously from $133.00) on shares of Prologis in a research note on Monday, April 7th. CJS Securities cut their price target on Prologis from $140.00 to $117.00 in a research note on Friday, April 11th. Raymond James reaffirmed a "market perform" rating on shares of Prologis in a research note on Monday, February 3rd. BMO Capital Markets dropped their price objective 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, Royal Bank of Canada raised their price objective on Prologis from $125.00 to $128.00 and gave the stock a "sector perform" rating in a research note on Monday, January 27th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $123.32.

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.