Prologis, Inc. $PLD Shares Purchased by Caisse DE Depot ET Placement DU Quebec

Key Points

• Caisse DE Depot ET Placement DU Quebec increased its stake in Prologis, Inc. by 158.9% during the 1st quarter, acquiring a total of 573,528 shares valued at approximately $64 million.
• Analysts have mixed outlooks for Prologis, with targets varying from $100.00 to $140.00, and the stock receiving a consensus rating of "Moderate Buy".
• Prologis reported earnings per share (EPS) of $1.46 for the last quarter, exceeding expectations, with a projected FY 2025 EPS guidance of 5.750-5.800.

Caisse DE Depot ET Placement DU Quebec increased its position in shares of Prologis, Inc. (NYSE:PLD - Free Report) by 158.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 573,528 shares of the real estate investment trust's stock after purchasing an additional 352,016 shares during the period. Caisse DE Depot ET Placement DU Quebec owned 0.06% of Prologis worth $64,115,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of PLD. Vanguard Group Inc. increased its holdings in shares of Prologis by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 121,339,410 shares of the real estate investment trust's stock worth $13,564,533,000 after buying an additional 869,310 shares during the last quarter. Northern Trust Corp raised its stake in shares of Prologis by 54.6% in 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 during the period. Nuveen LLC acquired a new position in Prologis in the 1st quarter valued at about $1,456,768,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Prologis by 5.0% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 10,648,872 shares of the real estate investment trust's stock worth $1,125,586,000 after purchasing an additional 505,318 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Prologis by 0.9% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 10,495,932 shares of the real estate investment trust's stock worth $1,173,340,000 after buying an additional 93,201 shares in the last quarter. 93.50% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have commented on PLD shares. Scotiabank boosted their price target on shares of Prologis from $97.00 to $100.00 and gave the stock a "sector underperform" rating in a research note on Monday, May 12th. Citigroup lowered their target price on Prologis from $150.00 to $140.00 and set a "buy" rating for the company in a research note on Wednesday, July 23rd. Mizuho set a $118.00 price target on Prologis and gave the stock an "outperform" rating in a report on Tuesday, August 19th. Barclays decreased their price objective on Prologis from $132.00 to $119.00 and set an "overweight" rating for the company in a research note on Wednesday, April 30th. Finally, Robert W. Baird lowered their price objective on Prologis from $126.00 to $120.00 and set an "outperform" rating for the company in a research report on Wednesday, May 7th. Two research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $121.06.

Prologis Trading Down 0.5%

PLD opened at $111.70 on Tuesday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.65 and a current ratio of 0.65. Prologis, Inc. has a one year low of $85.35 and a one year high of $132.57. The company has a market cap of $103.69 billion, a P/E ratio of 30.27, a PEG ratio of 2.82 and a beta of 1.21. The business's 50-day simple moving average is $107.31 and its 200-day simple moving average is $108.66.

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. The firm had revenue of $2.03 billion during the quarter, compared to the consensus estimate of $2.03 billion. Prologis had a return on equity of 5.96% and a net margin of 40.29%.The firm's quarterly revenue was up 8.8% compared to the same quarter last year. During the same period in the prior year, the company posted $1.34 earnings per share. Prologis has set its FY 2025 guidance at 5.750-5.800 EPS. As a group, equities research analysts expect that Prologis, Inc. will post 5.73 EPS for the current fiscal year.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.