Prologis, Inc. (NYSE:PLD) Shares Acquired by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. raised its stake in shares of Prologis, Inc. (NYSE:PLD - Free Report) by 1.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,848,722 shares of the real estate investment trust's stock after acquiring an additional 32,264 shares during the quarter. Prologis makes up 0.7% of Asset Management One Co. Ltd.'s portfolio, making the stock its 22nd biggest position. Asset Management One Co. Ltd. owned 0.20% of Prologis worth $206,669,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. Brighton Jones LLC grew its stake in Prologis by 629.0% in the fourth quarter. Brighton Jones LLC now owns 17,475 shares of the real estate investment trust's stock worth $1,847,000 after purchasing an additional 15,078 shares in the last quarter. Sigma Planning Corp lifted its holdings in Prologis by 14.5% during the 4th quarter. Sigma Planning Corp now owns 8,940 shares of the real estate investment trust's stock worth $945,000 after buying an additional 1,131 shares during the last quarter. Howard Capital Management Inc. grew its position in shares of Prologis by 5.8% in the 4th quarter. Howard Capital Management Inc. now owns 6,294 shares of the real estate investment trust's stock worth $665,000 after acquiring an additional 346 shares in the last quarter. MONECO Advisors LLC increased its holdings in shares of Prologis by 8.3% in the 4th quarter. MONECO Advisors LLC now owns 8,659 shares of the real estate investment trust's stock valued at $915,000 after acquiring an additional 661 shares during the last quarter. Finally, Black Diamond Financial LLC increased its holdings in shares of Prologis by 2.2% in the 4th quarter. Black Diamond Financial LLC now owns 4,246 shares of the real estate investment trust's stock valued at $449,000 after acquiring an additional 93 shares during the last quarter. 93.50% of the stock is owned by institutional investors and hedge funds.

Prologis Stock Performance

Prologis stock traded up $1.19 during mid-day trading on Friday, hitting $105.58. 5,732,894 shares of the company's stock traded hands, compared to its average volume of 4,135,040. The company has a quick ratio of 0.41, a current ratio of 0.41 and a debt-to-equity ratio of 0.56. Prologis, Inc. has a one year low of $85.35 and a one year high of $132.57. The firm has a 50 day moving average price of $106.14 and a 200 day moving average price of $109.55. The company has a market cap of $97.97 billion, a PE ratio of 26.39, a price-to-earnings-growth ratio of 2.66 and a beta of 1.25.

Prologis (NYSE:PLD - Get Free Report) last issued its quarterly earnings data on Wednesday, April 16th. The real estate investment trust reported $1.42 earnings per share for the quarter, beating analysts' consensus estimates of $1.38 by $0.04. The business had revenue of $1.99 billion for the quarter, compared to analysts' expectations of $1.99 billion. Prologis had a net margin of 44.59% and a return on equity of 6.45%. On average, equities analysts forecast that Prologis, Inc. will post 5.73 EPS for the current year.

Prologis Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Tuesday, June 17th will be paid a $1.01 dividend. This represents a $4.04 dividend on an annualized basis and a dividend yield of 3.83%. The ex-dividend date of this dividend is Tuesday, June 17th. Prologis's dividend payout ratio is currently 101.00%.

Analyst Upgrades and Downgrades

A number of research firms have commented on PLD. Evercore ISI decreased their price objective on shares of Prologis from $111.00 to $106.00 and set an "in-line" rating for the company in a report on Thursday, April 17th. Robert W. Baird reduced their price target on shares of Prologis from $126.00 to $120.00 and set an "outperform" rating on the stock in a research report on Wednesday, May 7th. Wells Fargo & Company decreased their price target on shares of Prologis from $146.00 to $119.00 and set an "overweight" rating for the company in a report on Monday, May 19th. Morgan Stanley dropped their price objective on shares of Prologis to $120.00 and set an "outperform" rating on the stock in a research note on Monday, April 14th. Finally, Truist Financial cut their target price on shares of Prologis from $123.00 to $120.00 and set a "buy" rating on the stock in a report on Monday, May 5th. Two equities research analysts have rated the stock with a sell rating, seven have given 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, the stock has an average rating of "Moderate Buy" and an average target price of $120.42.

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.