Epoch Investment Partners Inc. Purchases 45,500 Shares of Prologis, Inc. $PLD

Key Points

• Epoch Investment Partners Inc. increased its stake in Prologis, Inc. by 37.0%, acquiring 45,500 additional shares, bringing its total to 168,559 shares worth approximately $18.8 million.
• Several institutional investors, including Vanguard Group Inc. and Price T Rowe Associates Inc., also modified their holdings, with institutional investors owning 93.50% of Prologis shares.
• Prologis reported earnings of $1.46 EPS for the last quarter, exceeding expectations, while analysts have a consensus target price of $121.06 for the stock.

Epoch Investment Partners Inc. raised its holdings in Prologis, Inc. (NYSE:PLD - Free Report) by 37.0% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 168,559 shares of the real estate investment trust's stock after purchasing an additional 45,500 shares during the period. Epoch Investment Partners Inc.'s holdings in Prologis were worth $18,843,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. REAP Financial Group LLC lifted its stake 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 purchasing an additional 84 shares during the last quarter. Pandora Wealth Inc. acquired a new position in Prologis in the 1st quarter valued at approximately $34,000. GKV Capital Management Co. Inc. acquired a new position in Prologis in the 1st quarter valued at approximately $34,000. Olde Wealth Management LLC acquired a new position in Prologis in the 1st quarter valued at approximately $43,000. Finally, Cornerstone Planning Group LLC increased its position in Prologis by 63.6% in the 1st quarter. Cornerstone Planning Group LLC now owns 391 shares of the real estate investment trust's stock valued at $44,000 after acquiring an additional 152 shares during the period. Institutional investors own 93.50% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on PLD shares. Truist Financial decreased their price target on shares of Prologis from $123.00 to $120.00 and set a "buy" rating for the company in a research report on Monday, May 5th. UBS Group increased their price objective on shares of Prologis from $106.00 to $120.00 and gave the stock a "buy" rating in a research report on Tuesday, July 8th. Citigroup decreased their price objective on shares of Prologis from $150.00 to $140.00 and set a "buy" rating for the company in a research report on Wednesday, July 23rd. Robert W. Baird decreased their price objective 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. Finally, Wells Fargo & Company set a $137.00 price target on shares of Prologis and gave the stock an "overweight" rating in a report on Sunday, July 13th. Two analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $121.83.

Prologis Stock Up 1.1%

PLD traded up $1.29 during midday trading on Friday, hitting $113.93. The company had a trading volume of 2,827,596 shares, compared to its average volume of 3,184,747. Prologis, Inc. has a 52 week low of $85.35 and a 52 week high of $132.57. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.61. The company has a market capitalization of $105.76 billion, a price-to-earnings ratio of 30.88, a PEG ratio of 2.85 and a beta of 1.21. The stock's 50 day moving average price is $107.91 and its 200 day moving average price is $108.53.

Prologis (NYSE:PLD - Get Free Report) last posted its quarterly earnings results on Wednesday, July 16th. The real estate investment trust reported $1.46 earnings per share for the quarter, beating the consensus estimate of $1.41 by $0.05. Prologis had a net margin of 40.29% and a return on equity of 5.96%. The firm had revenue of $2.03 billion during the quarter, compared to the consensus estimate of $2.03 billion. During the same period in the previous year, the firm posted $1.34 earnings per share. The business's revenue was up 8.8% compared to the same quarter last year. Prologis has set its FY 2025 guidance at 5.750-5.800 EPS. On average, research analysts anticipate that Prologis, Inc. will post 5.73 earnings per share for the current fiscal year.

Prologis Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Tuesday, September 16th will be given a $1.01 dividend. This represents a $4.04 annualized dividend and a yield of 3.5%. Prologis's payout ratio is 109.49%.

Insider Transactions at Prologis

In other Prologis news, CAO Lori A. Palazzolo sold 25,000 shares of the business's stock in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of $111.33, for a total transaction of $2,783,250.00. Following the completion of the sale, the chief accounting officer directly owned 414 shares of the company's stock, valued at approximately $46,090.62. The trade was a 98.37% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.57% of the company's stock.

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.