GAMMA Investing LLC Has $149.04 Million Stock Holdings in Prologis, Inc. (NYSE:PLD)

GAMMA Investing LLC boosted its position in shares of Prologis, Inc. (NYSE:PLD - Free Report) by 13,272.2% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,333,207 shares of the real estate investment trust's stock after acquiring an additional 1,323,237 shares during the period. GAMMA Investing LLC owned about 0.14% of Prologis worth $149,039,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. Aviva PLC increased its holdings in shares of Prologis by 36.6% in the 4th quarter. Aviva PLC now owns 695,187 shares of the real estate investment trust's stock valued at $73,481,000 after purchasing an additional 186,187 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Prologis by 29.8% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 784,360 shares of the real estate investment trust's stock worth $82,907,000 after buying an additional 179,880 shares during the last quarter. Allstate Corp boosted its holdings in Prologis by 111.7% in the fourth quarter. Allstate Corp now owns 74,518 shares of the real estate investment trust's stock worth $7,877,000 after purchasing an additional 39,321 shares during the period. Massachusetts Financial Services Co. MA boosted its holdings in Prologis by 2.1% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 16,596,799 shares of the real estate investment trust's stock worth $1,754,282,000 after purchasing an additional 334,907 shares during the period. Finally, Banco Santander S.A. boosted its holdings in shares of Prologis by 88.0% during the fourth quarter. Banco Santander S.A. now owns 4,683 shares of the real estate investment trust's stock valued at $495,000 after acquiring an additional 2,192 shares during the period. Hedge funds and other institutional investors own 93.50% of the company's stock.

Prologis Stock Down 0.6%

Shares of Prologis stock traded down $0.69 during trading hours on Thursday, reaching $107.74. 2,632,680 shares of the company were exchanged, compared to its average volume of 4,151,994. Prologis, Inc. has a 1 year low of $85.35 and a 1 year high of $132.57. The stock's fifty day moving average is $103.73 and its 200 day moving average is $110.46. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.43 and a current ratio of 0.75. The firm has a market cap of $99.97 billion, a PE ratio of 26.94, a PEG ratio of 2.70 and a beta of 1.25.

Prologis (NYSE:PLD - Get Free Report) last posted its quarterly earnings results 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. Prologis had a return on equity of 6.44% and a net margin of 45.50%. The firm had revenue of $1.99 billion for the quarter, compared to the consensus estimate of $1.99 billion. As a group, equities research analysts forecast that Prologis, Inc. will post 5.73 earnings per share for the current year.

Prologis Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Tuesday, June 17th will be issued a $1.01 dividend. The ex-dividend date of this dividend is Tuesday, June 17th. This represents a $4.04 dividend on an annualized basis and a yield of 3.75%. Prologis's dividend payout ratio is currently 101.00%.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on PLD shares. Wolfe Research downgraded Prologis from an "outperform" rating to a "peer perform" rating in a report on Monday, April 21st. Wall Street Zen upgraded Prologis from a "sell" rating to a "hold" rating in a research note on Friday, May 30th. Morgan Stanley dropped their price objective on Prologis to $120.00 and set an "outperform" rating for the company in a research note on Monday, April 14th. CJS Securities decreased their price target on Prologis from $140.00 to $117.00 in a report on Friday, April 11th. Finally, BMO Capital Markets dropped their price target on Prologis from $105.00 to $95.00 and set an "outperform" rating on the stock in a research report on Monday, April 14th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, Prologis presently has a consensus rating of "Moderate Buy" and a consensus 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.