Prologis, Inc. (NYSE:PLD) Shares Purchased by Phoenix Financial Ltd.

Key Points

• Phoenix Financial Ltd. increased its stake in Prologis, Inc. by 35.9% in Q1, owning 12,272 shares valued at approximately $1.37 million.
• Several institutional investors, including Brighton Jones LLC and NEOS Investment Management LLC, modified their holdings in Prologis during Q4, with Brighton Jones increasing its holdings by 629.0%.
• Prologis reported an EPS of $1.46 for the last quarter, exceeding analyst expectations, and announced a quarterly dividend of $1.01, yielding 3.66%.

Phoenix Financial Ltd. grew its position in Prologis, Inc. (NYSE:PLD - Free Report) by 35.9% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,272 shares of the real estate investment trust's stock after acquiring an additional 3,240 shares during the quarter. Phoenix Financial Ltd.'s holdings in Prologis were worth $1,377,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of PLD. Brighton Jones LLC boosted its holdings in shares of Prologis by 629.0% in the fourth quarter. Brighton Jones LLC now owns 17,475 shares of the real estate investment trust's stock valued at $1,847,000 after acquiring an additional 15,078 shares during the period. Murphy & Mullick Capital Management Corp purchased a new stake in shares of Prologis during the fourth quarter worth approximately $26,000. NEOS Investment Management LLC raised its stake in shares of Prologis by 31.5% during the fourth quarter. NEOS Investment Management LLC now owns 56,655 shares of the real estate investment trust's stock worth $5,988,000 after purchasing an additional 13,587 shares during the last quarter. Loomis Sayles & Co. L P raised its stake in shares of Prologis by 9.2% during the fourth quarter. Loomis Sayles & Co. L P now owns 1,346 shares of the real estate investment trust's stock worth $142,000 after purchasing an additional 113 shares during the last quarter. Finally, Norges Bank purchased a new stake in shares of Prologis during the fourth quarter worth approximately $951,263,000. 93.50% of the stock is owned by institutional investors and hedge funds.

Prologis Price Performance

Shares of PLD stock traded up $0.04 during mid-day trading on Wednesday, reaching $109.76. The stock had a trading volume of 862,254 shares, compared to its average volume of 4,595,322. Prologis, Inc. has a 12-month low of $85.35 and a 12-month high of $132.57. The company has a market cap of $101.85 billion, a P/E ratio of 29.73, a price-to-earnings-growth ratio of 2.69 and a beta of 1.23. The business has a 50-day simple moving average of $107.44 and a 200 day simple moving average of $109.82. The company has a current ratio of 0.19, a quick ratio of 0.41 and a debt-to-equity ratio of 0.60.

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. On average, sell-side analysts anticipate that Prologis, Inc. will post 5.73 earnings per share for the current year.

Prologis Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Tuesday, June 17th were paid a dividend of $1.01 per share. This represents a $4.04 dividend on an annualized basis and a dividend yield of 3.68%. The ex-dividend date was Tuesday, June 17th. Prologis's payout ratio is currently 109.49%.

Analyst Ratings Changes

Several research firms have recently commented on PLD. Morgan Stanley cut their price target on Prologis to $120.00 and set an "outperform" rating for the company in a research note on Monday, April 14th. Wells Fargo & Company set a $137.00 price target on Prologis and gave the stock an "overweight" rating in a research note on Sunday, July 13th. 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 research note on Tuesday, April 29th. Robert W. Baird cut their price target on Prologis from $126.00 to $120.00 and set an "outperform" rating for the company in a research note on Wednesday, May 7th. Finally, BMO Capital Markets cut their price target on Prologis from $105.00 to $95.00 and set an "outperform" rating for the company in a research note on Monday, April 14th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price 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.