IFM Investors Pty Ltd Buys 16,904 Shares of Prologis, Inc. (NYSE:PLD)

IFM Investors Pty Ltd raised its position in Prologis, Inc. (NYSE:PLD - Free Report) by 4.4% 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 402,688 shares of the real estate investment trust's stock after buying an additional 16,904 shares during the quarter. IFM Investors Pty Ltd's holdings in Prologis were worth $45,016,000 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 the company. REAP Financial Group LLC grew 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 valued at $31,000 after buying an additional 84 shares in the last quarter. Phoenix Financial Ltd. grew its holdings in Prologis by 1.0% in the 4th quarter. Phoenix Financial Ltd. now owns 9,032 shares of the real estate investment trust's stock valued at $955,000 after buying an additional 86 shares in the last quarter. CreativeOne Wealth LLC grew its holdings in Prologis by 1.7% in the 4th quarter. CreativeOne Wealth LLC now owns 6,073 shares of the real estate investment trust's stock valued at $642,000 after buying an additional 100 shares in the last quarter. J.Safra Asset Management Corp grew its holdings in Prologis by 22.3% in the 4th quarter. J.Safra Asset Management Corp now owns 559 shares of the real estate investment trust's stock valued at $59,000 after buying an additional 102 shares in the last quarter. Finally, Focus Financial Network Inc. grew its holdings in Prologis by 5.2% in the 1st quarter. Focus Financial Network Inc. now owns 2,093 shares of the real estate investment trust's stock valued at $234,000 after buying an additional 104 shares in the last quarter. 93.50% of the stock is owned by institutional investors and hedge funds.

Prologis Trading Down 0.3%

Prologis stock traded down $0.28 during trading hours on Friday, hitting $108.03. The stock had a trading volume of 1,549,648 shares, compared to its average volume of 4,170,417. The company has a quick ratio of 0.41, a current ratio of 0.41 and a debt-to-equity ratio of 0.56. The stock has a market cap of $100.24 billion, a price-to-earnings ratio of 27.01, a P/E/G ratio of 2.74 and a beta of 1.23. 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 $106.82 and its 200-day simple moving average is $109.43.

Prologis (NYSE:PLD - Get Free Report) last posted its earnings results on Wednesday, April 16th. The real estate investment trust reported $1.42 EPS for the quarter, beating the consensus estimate of $1.38 by $0.04. The firm had revenue of $1.99 billion during the quarter, compared to the consensus estimate of $1.99 billion. Prologis had a return on equity of 6.45% and a net margin of 44.59%. On average, equities analysts predict that Prologis, Inc. will post 5.73 EPS for the current fiscal year.

Prologis Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Tuesday, June 17th were given a dividend of $1.01 per share. The ex-dividend date was Tuesday, June 17th. This represents a $4.04 dividend on an annualized basis and a dividend yield of 3.74%. Prologis's dividend payout ratio (DPR) is 101.00%.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Mizuho decreased their price objective on Prologis from $117.00 to $105.00 and set a "neutral" rating on the stock in a report on Friday, April 11th. 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. CJS Securities reduced their target price on Prologis from $140.00 to $117.00 in a report on Friday, April 11th. Wells Fargo & Company reduced their target price on Prologis from $146.00 to $119.00 and set an "overweight" rating on the stock in a report on Monday, May 19th. Finally, Wolfe Research lowered Prologis from an "outperform" rating to a "peer perform" rating in a report on Monday, April 21st. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $120.42.

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.