Level Four Advisory Services LLC Raises Holdings in Prologis, Inc. $PLD

Key Points

• Level Four Advisory Services LLC increased its holdings in Prologis, Inc. by 13.9% in the first quarter, owning 56,081 shares valued at approximately $6.27 million.
• Institutional investors dominate Prologis, with approximately 93.50% of the company's stock owned by hedge funds and large investment firms.
• Prologis recently reported an earnings per share (EPS) of $1.46 for the last quarter, which beat expectations, and set its fiscal year 2025 guidance at 5.750-5.800 EPS.

Level Four Advisory Services LLC lifted its holdings in Prologis, Inc. (NYSE:PLD - Free Report) by 13.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 56,081 shares of the real estate investment trust's stock after buying an additional 6,834 shares during the quarter. Level Four Advisory Services LLC's holdings in Prologis were worth $6,269,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of PLD. REAP Financial Group LLC grew its stake in shares of Prologis by 40.0% during the 4th 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 period. Pandora Wealth Inc. acquired a new stake in shares of Prologis in the first quarter valued at about $34,000. GKV Capital Management Co. Inc. purchased a new stake in Prologis during the first quarter worth about $34,000. Olde Wealth Management LLC acquired a new position in Prologis during the first quarter worth about $43,000. Finally, Cornerstone Planning Group LLC grew its position 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 buying an additional 152 shares during the period. Hedge funds and other institutional investors own 93.50% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. 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 report on Wednesday, May 7th. 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. Barclays decreased their target price on Prologis from $132.00 to $119.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 30th. Citigroup dropped their price target on Prologis from $150.00 to $140.00 and set a "buy" rating for the company in a research report on Wednesday, July 23rd. Finally, Wall Street Zen lowered shares of Prologis from a "hold" rating to a "sell" rating in a research report on Saturday, June 14th. Two research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $121.06.

Prologis Stock Performance

NYSE PLD opened at $110.5590 on Wednesday. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.61. Prologis, Inc. has a fifty-two week low of $85.35 and a fifty-two week high of $132.57. The business has a fifty day moving average of $107.08 and a 200-day moving average of $108.94. The stock has a market cap of $102.61 billion, a price-to-earnings ratio of 29.96, a price-to-earnings-growth ratio of 2.64 and a beta of 1.21.

Prologis (NYSE:PLD - Get Free Report) last posted its quarterly earnings data 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 business had revenue of $2.03 billion for the quarter, compared to analyst estimates of $2.03 billion. Prologis had a return on equity of 5.96% and a net margin of 40.29%.The business's revenue for the quarter was up 8.8% compared to the same quarter last year. During the same quarter last year, the company earned $1.34 earnings per share. Prologis has set its FY 2025 guidance at 5.750-5.800 EPS. As a group, analysts predict that Prologis, Inc. will post 5.73 earnings per share for the current fiscal year.

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.

Want to see what other hedge funds are holding PLD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Prologis, Inc. (NYSE:PLD - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.