Sei Investments Co. Has $242.44 Million Stock Position in Prologis, Inc. (NYSE:PLD)

Key Points

• Sei Investments Co. reduced its holdings in Prologis by 0.1%, owning approximately 2,285,574 shares worth about $242 million as of the latest SEC filing.
• Despite the minor reduction, institutional investors continue to show strong interest, with 93.50% of Prologis stock owned by institutions and hedge funds.
• Prologis reported better-than-expected earnings with $1.46 per share for the last quarter, surpassing analyst estimates of $1.41.

Sei Investments Co. lessened its holdings in shares of Prologis, Inc. (NYSE:PLD - Free Report) by 0.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,285,574 shares of the real estate investment trust's stock after selling 2,598 shares during the period. Prologis makes up 2.3% of Sei Investments Co.'s holdings, making the stock its 3rd biggest position. Sei Investments Co. owned approximately 0.25% of Prologis worth $242,440,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in PLD. Nuveen LLC purchased a new stake in shares of Prologis in the 1st quarter valued at approximately $1,456,768,000. Northern Trust Corp increased its holdings in Prologis by 54.6% during the 4th quarter. Northern Trust Corp now owns 13,855,339 shares of the real estate investment trust's stock valued at $1,464,509,000 after acquiring an additional 4,893,284 shares in the last quarter. Valeo Financial Advisors LLC boosted its stake in shares of Prologis by 282.5% during the 1st quarter. Valeo Financial Advisors LLC now owns 3,875,386 shares of the real estate investment trust's stock worth $433,229,000 after purchasing an additional 2,862,183 shares during the last quarter. Capital Research Global Investors boosted its position in shares of Prologis by 25.4% in the fourth quarter. Capital Research Global Investors now owns 12,345,523 shares of the real estate investment trust's stock worth $1,304,922,000 after acquiring an additional 2,500,761 shares during the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC boosted its position in shares of Prologis by 83.8% in the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 3,779,830 shares of the real estate investment trust's stock worth $399,528,000 after acquiring an additional 1,723,129 shares during the last quarter. Hedge funds and other institutional investors own 93.50% of the company's stock.

Prologis Price Performance

Shares of Prologis stock traded up $0.68 during trading on Friday, reaching $106.53. 1,924,191 shares of the company's stock were exchanged, compared to its average volume of 3,687,758. Prologis, Inc. has a 1-year low of $85.35 and a 1-year high of $132.57. The firm's 50-day moving average price is $107.13 and its 200 day moving average price is $109.10. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.65 and a current ratio of 0.65. The company has a market cap of $98.87 billion, a P/E ratio of 28.87, a PEG ratio of 2.67 and a beta of 1.21.

Prologis (NYSE:PLD - Get Free Report) last announced its quarterly earnings results on Wednesday, July 16th. The real estate investment trust reported $1.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.41 by $0.05. Prologis had a return on equity of 5.96% and a net margin of 40.29%. The business had revenue of $2.03 billion for the quarter, compared to analyst estimates of $2.03 billion. During the same quarter in the prior year, the company earned $1.34 earnings per share. The company's quarterly revenue was up 8.8% on a year-over-year basis. As a group, research analysts anticipate that Prologis, Inc. will post 5.73 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on PLD shares. Barclays dropped their price objective on shares of Prologis from $132.00 to $119.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 30th. Wall Street Zen lowered shares of Prologis from a "hold" rating to a "sell" rating in a research note on Saturday, June 14th. Royal Bank Of Canada dropped their price objective on Prologis from $128.00 to $117.00 and set a "sector perform" rating on the stock in a report on Tuesday, April 29th. Truist Financial reduced their target price on Prologis from $123.00 to $120.00 and set a "buy" rating for the company in a research report on Monday, May 5th. Finally, Scotiabank raised their price target on Prologis from $97.00 to $100.00 and gave the company a "sector underperform" rating in a report on Monday, May 12th. Two analysts have rated the stock with a sell rating, six have given a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $120.33.

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.