ASR Vermogensbeheer N.V. Makes New $12.46 Million Investment in Prologis, Inc. (NYSE:PLD)

Key Points

• ASR Vermogensbeheer N.V. has taken a new position in Prologis, Inc. with an investment of approximately $12.46 million by acquiring 111,481 shares in the 1st quarter.
• Institutional investors now own about 93.50% of Prologis' stock, indicating a strong interest from the hedge fund sector.
• Analysts have set mixed price targets for Prologis, with Barclays lowering their target from $132.00 to $119.00 while Scotiabank raised it from $97.00 to $100.00.

ASR Vermogensbeheer N.V. bought a new stake in shares of Prologis, Inc. (NYSE:PLD - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 111,481 shares of the real estate investment trust's stock, valued at approximately $12,462,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in PLD. REAP Financial Group LLC raised its holdings in Prologis by 40.0% in the 4th quarter. REAP Financial Group LLC now owns 294 shares of the real estate investment trust's stock worth $31,000 after acquiring an additional 84 shares during the last quarter. Olde Wealth Management LLC purchased a new stake in Prologis during the 1st quarter valued at $43,000. Cornerstone Planning Group LLC increased its holdings in shares of Prologis by 63.6% in the 1st quarter. Cornerstone Planning Group LLC now owns 391 shares of the real estate investment trust's stock worth $44,000 after purchasing an additional 152 shares in the last quarter. Missouri Trust & Investment Co raised its stake in shares of Prologis by 59.6% in the first quarter. Missouri Trust & Investment Co now owns 399 shares of the real estate investment trust's stock worth $45,000 after purchasing an additional 149 shares during the last quarter. Finally, Bogart Wealth LLC lifted its holdings in shares of Prologis by 56.2% during the first quarter. Bogart Wealth LLC now owns 417 shares of the real estate investment trust's stock valued at $47,000 after purchasing an additional 150 shares in the last quarter. Institutional investors own 93.50% of the company's stock.

Prologis Stock Performance

Shares of NYSE:PLD traded down $1.12 during mid-day trading on Monday, reaching $104.56. 537,713 shares of the company traded hands, compared to its average volume of 4,548,875. Prologis, Inc. has a 52 week low of $85.35 and a 52 week high of $132.57. The firm has a market cap of $97.04 billion, a PE ratio of 28.34, a PEG ratio of 2.65 and a beta of 1.21. The company's 50 day moving average price is $107.43 and its 200-day moving average price is $109.53. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.65 and a quick ratio of 0.65.

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

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on PLD shares. Scotiabank lifted their price objective on Prologis from $97.00 to $100.00 and gave the stock a "sector underperform" rating in a report on Monday, May 12th. Robert W. Baird reduced their price target on shares of Prologis from $126.00 to $120.00 and set an "outperform" rating for the company in a research note on Wednesday, May 7th. Royal Bank Of Canada decreased their price objective on shares of Prologis from $128.00 to $117.00 and set a "sector perform" rating for the company in a report on Tuesday, April 29th. Morgan Stanley dropped their target price on shares of Prologis to $120.00 and set an "outperform" rating on the stock in a report on Monday, April 14th. Finally, Wolfe Research downgraded shares of Prologis from an "outperform" rating to a "peer perform" rating in a research report on Monday, April 21st. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating, ten have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $120.74.

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.