1832 Asset Management L.P. Sells 2,871 Shares of Prologis, Inc. $PLD

Key Points

• 1832 Asset Management L.P. has decreased its holdings in Prologis, Inc. by 0.1%, selling 2,871 shares and now holds 1,979,515 shares valued at approximately $221 million.
• Vanguard Group Inc. increased its holdings in Prologis by 0.7% during the first quarter, now owning 121 million shares worth over $13.5 billion.
• Prologis reported earnings of $1.46 per share for the last quarter, exceeding analyst estimates, with a revenue of $2.03 billion and a year-over-year growth of 8.8%.

1832 Asset Management L.P. trimmed its position in Prologis, Inc. (NYSE:PLD - Free Report) by 0.1% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,979,515 shares of the real estate investment trust's stock after selling 2,871 shares during the quarter. 1832 Asset Management L.P. owned 0.21% of Prologis worth $221,290,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in PLD. Nuveen LLC acquired a new position in Prologis in the 1st quarter valued at $1,456,768,000. Northern Trust Corp grew its holdings in shares of Prologis by 54.6% during the 4th quarter. Northern Trust Corp now owns 13,855,339 shares of the real estate investment trust's stock worth $1,464,509,000 after purchasing an additional 4,893,284 shares in the last quarter. Valeo Financial Advisors LLC grew its holdings in shares of Prologis by 282.5% during the 1st quarter. Valeo Financial Advisors LLC now owns 3,875,386 shares of the real estate investment trust's stock worth $433,229,000 after purchasing an additional 2,862,183 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC grew its holdings in shares of Prologis by 83.8% during the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 3,779,830 shares of the real estate investment trust's stock worth $399,528,000 after purchasing an additional 1,723,129 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Prologis during the 4th quarter worth $163,970,000. 93.50% of the stock is owned by institutional investors and hedge funds.

Prologis Trading Up 3.5%

Prologis stock traded up $3.78 during trading hours on Friday, hitting $112.17. The stock had a trading volume of 3,554,063 shares, compared to its average volume of 3,270,927. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.61. The stock has a market cap of $104.12 billion, a price-to-earnings ratio of 30.40, a P/E/G ratio of 2.82 and a beta of 1.21. Prologis, Inc. has a one year low of $85.35 and a one year high of $132.57. The business's 50 day simple moving average is $107.21 and its 200-day simple moving average is $108.70.

Prologis (NYSE:PLD - Get Free Report) last posted its earnings results on Wednesday, July 16th. The real estate investment trust reported $1.46 EPS for the quarter, beating the consensus estimate of $1.41 by $0.05. The firm had revenue of $2.03 billion during the quarter, compared to the consensus estimate of $2.03 billion. Prologis had a return on equity of 5.96% and a net margin of 40.29%.The business's quarterly revenue was up 8.8% on a year-over-year basis. During the same period last year, the company earned $1.34 earnings per share. Prologis has set its FY 2025 guidance at 5.750-5.800 EPS. On average, equities analysts predict that Prologis, Inc. will post 5.73 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

PLD has been the topic of several analyst reports. Robert W. Baird reduced their target price on Prologis from $126.00 to $120.00 and set an "outperform" rating on the stock in a report on Wednesday, May 7th. UBS Group increased their target price on Prologis from $106.00 to $120.00 and gave the stock a "buy" rating in a report on Tuesday, July 8th. Mizuho set a $118.00 target price on Prologis and gave the stock an "outperform" rating in a report on Tuesday, August 19th. Truist Financial reduced their target price on Prologis from $123.00 to $120.00 and set a "buy" rating on the stock in a report on Monday, May 5th. Finally, Royal Bank Of Canada dropped their price objective on Prologis from $128.00 to $117.00 and set a "sector perform" rating for the company in a research report on Tuesday, April 29th. Two research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Prologis has a consensus rating of "Moderate Buy" and a consensus target price of $121.06.

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.