Prologis, Inc. $PLD Shares Acquired by Nomura Holdings Inc.

Key Points

• Nomura Holdings Inc. increased its stake in Prologis, Inc. by 60.9%, owning a total of 245,789 shares worth approximately $27.5 million.
• Prologis declared a quarterly dividend of $1.01, representing an annualized dividend yield of 3.5% with a payout ratio of 109.49%.
• Several brokerages adjusted their ratings on Prologis, with Wall Street Zen downgrading the stock to a "sell" rating, while Citigroup and Truist set price objectives at $140 and $120 respectively.

Nomura Holdings Inc. raised its position in Prologis, Inc. (NYSE:PLD - Free Report) by 60.9% during the first quarter, according to its most recent filing with the SEC. The firm owned 245,789 shares of the real estate investment trust's stock after purchasing an additional 93,055 shares during the period. Nomura Holdings Inc.'s holdings in Prologis were worth $27,477,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the company. Activest Wealth Management lifted its stake in shares of Prologis by 637.1% in the 1st quarter. Activest Wealth Management now owns 258 shares of the real estate investment trust's stock valued at $29,000 after purchasing an additional 223 shares during the period. REAP Financial Group LLC boosted its holdings 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 buying an additional 84 shares in the last quarter. Pandora Wealth Inc. bought a new stake in shares of Prologis in the 1st quarter valued at $34,000. GKV Capital Management Co. Inc. acquired a new position in shares of Prologis during the 1st quarter valued at $34,000. Finally, Saudi Central Bank acquired a new position in shares of Prologis during the 1st quarter valued at $41,000. Institutional investors own 93.50% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on PLD shares. Citigroup dropped their price objective on shares of Prologis from $150.00 to $140.00 and set a "buy" rating on the stock in a report on Wednesday, July 23rd. Robert W. Baird cut their price target on shares of Prologis from $126.00 to $120.00 and set an "outperform" rating on the stock in a report on Wednesday, May 7th. Mizuho set a $118.00 price objective on Prologis and gave the company an "outperform" rating in a report on Tuesday, August 19th. Scotiabank set a $114.00 price objective on shares of Prologis and gave the stock a "sector perform" rating in a report on Wednesday, August 27th. Finally, Wall Street Zen lowered Prologis from a "hold" rating to a "sell" rating in a research note on Saturday, June 14th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $121.83.

Insider Buying and Selling at Prologis

In other Prologis news, CAO Lori A. Palazzolo sold 25,000 shares of the stock in a transaction on Tuesday, August 26th. The stock was sold at an average price of $111.33, for a total value of $2,783,250.00. Following the completion of the sale, the chief accounting officer owned 414 shares in the company, valued at approximately $46,090.62. This represents a 98.37% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.57% of the stock is currently owned by insiders.

Prologis Trading Down 0.1%

Shares of NYSE:PLD traded down $0.15 during midday trading on Wednesday, hitting $111.15. 3,304,810 shares of the stock traded hands, compared to its average volume of 2,788,399. 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 business's 50 day moving average is $108.11 and its two-hundred day moving average is $108.41. The stock has a market capitalization of $103.18 billion, a PE ratio of 19.58, a P/E/G ratio of 2.85 and a beta of 1.26. Prologis, Inc. has a one year low of $85.35 and a one year high of $132.57.

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, beating analysts' consensus estimates of $1.41 by $0.05. Prologis had a return on equity of 5.96% and a net margin of 40.29%.The company had revenue of $2.03 billion for the quarter, compared to the consensus estimate of $2.03 billion. During the same quarter in the previous year, the business earned $1.34 EPS. Prologis'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. As a group, research analysts forecast that Prologis, Inc. will post 5.73 earnings per share for the current year.

Prologis Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 16th will be issued a dividend of $1.01 per share. This represents a $4.04 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date of this dividend is Tuesday, September 16th. Prologis's dividend payout ratio is currently 109.49%.

Prologis Company 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.