Cbre Investment Management Listed Real Assets LLC Buys 507,421 Shares of Prologis, Inc. $PLD

Key Points

• Cbre Investment Management Listed Real Assets LLC increased its stake in Prologis, Inc. by 39.4%, acquiring an additional 507,421 shares, bringing total holdings to approximately 1.8 million shares.
• Prologis reported $1.46 earnings per share for the latest quarter, surpassing analyst expectations of $1.41, with revenue matching estimates at $2.03 billion.
• Prologis maintains a market capitalization of $104.12 billion, with a P/E ratio of 30.40 and a current consensus price target of $121.06 from analysts.

Cbre Investment Management Listed Real Assets LLC grew its holdings in Prologis, Inc. (NYSE:PLD - Free Report) by 39.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,794,897 shares of the real estate investment trust's stock after buying an additional 507,421 shares during the quarter. Prologis comprises 3.1% of Cbre Investment Management Listed Real Assets LLC's investment portfolio, making the stock its 5th biggest holding. Cbre Investment Management Listed Real Assets LLC owned 0.19% of Prologis worth $200,652,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. REAP Financial Group LLC raised its holdings in Prologis by 40.0% during the fourth quarter. REAP Financial Group LLC now owns 294 shares of the real estate investment trust's stock worth $31,000 after purchasing an additional 84 shares during the last quarter. Pandora Wealth Inc. acquired a new position in Prologis during the first quarter worth $34,000. GKV Capital Management Co. Inc. acquired a new position in Prologis during the first quarter worth $34,000. Olde Wealth Management LLC acquired a new position in Prologis during the first quarter worth $43,000. Finally, Cornerstone Planning Group LLC raised its holdings in Prologis by 63.6% during the first 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 during the last quarter. 93.50% of the stock is owned by institutional investors and hedge funds.

Prologis Stock Up 1.2%

PLD traded up $1.37 on Wednesday, reaching $112.72. The company's stock had a trading volume of 3,451,268 shares, compared to its average volume of 4,450,015. The stock has a market cap of $104.63 billion, a price-to-earnings ratio of 30.55, a price-to-earnings-growth ratio of 2.80 and a beta of 1.21. Prologis, Inc. has a 1 year low of $85.35 and a 1 year high of $132.57. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.65 and a quick ratio of 0.65. The business's 50 day moving average is $107.44 and its 200 day moving average is $108.68.

Prologis (NYSE:PLD - Get Free Report) last issued its quarterly earnings results on Wednesday, July 16th. The real estate investment trust reported $1.46 EPS for the quarter, beating analysts' consensus estimates 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%.Prologis's revenue for the quarter was up 8.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.34 earnings per share. Prologis has set its FY 2025 guidance at 5.750-5.800 EPS. As a group, research analysts forecast that Prologis, Inc. will post 5.73 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Scotiabank set a $114.00 price target on Prologis and gave the stock a "sector perform" rating in a report on Wednesday. Royal Bank Of Canada cut their price target on Prologis from $128.00 to $117.00 and set a "sector perform" rating for the company in a report on Tuesday, April 29th. Wells Fargo & Company set a $137.00 target price on Prologis and gave the company an "overweight" rating in a research note on Sunday, July 13th. Barclays dropped their target price on Prologis from $132.00 to $119.00 and set an "overweight" rating for the company in a research note on Wednesday, April 30th. Finally, Mizuho set a $118.00 target price on Prologis and gave the company an "outperform" rating in a research note on Tuesday, August 19th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, Prologis has an average rating of "Moderate Buy" and a consensus price target of $121.83.

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.