Prologis, Inc. $PLD Shares Purchased by Groupama Asset Managment

Key Points

• Groupama Asset Managment increased its stake in Prologis, Inc. by 11.9% during the 1st quarter, raising its holdings to $4.08 million worth of shares.
• Prologis is experiencing significant institutional interest, with hedge funds owning approximately 93.50% of its stock and multiple funds making substantial investments recently.
• Recent analyst ratings for Prologis reflect a mixed outlook, with an average rating of "Moderate Buy" and a consensus price target of $121.06.

Groupama Asset Managment boosted its holdings in shares of Prologis, Inc. (NYSE:PLD - Free Report) by 11.9% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 36,895 shares of the real estate investment trust's stock after purchasing an additional 3,929 shares during the period. Groupama Asset Managment's holdings in Prologis were worth $4,075,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Nuveen LLC purchased a new stake in Prologis during the 1st quarter valued at approximately $1,456,768,000. Northern Trust Corp grew 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 purchasing an additional 4,893,284 shares during the last quarter. Valeo Financial Advisors LLC increased its holdings in shares of Prologis by 282.5% in the first quarter. Valeo Financial Advisors LLC now owns 3,875,386 shares of the real estate investment trust's stock valued at $433,229,000 after purchasing an additional 2,862,183 shares during the period. Barrow Hanley Mewhinney & Strauss LLC raised its stake in shares of Prologis by 83.8% during 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 purchasing an additional 1,723,129 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Prologis during the fourth quarter worth $163,970,000. 93.50% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have 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. Robert W. Baird lowered their target price 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. Wall Street Zen cut shares of Prologis from a "hold" rating to a "sell" rating in a report on Saturday, June 14th. Truist Financial reduced their price objective 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. Finally, UBS Group boosted their target price on Prologis from $106.00 to $120.00 and gave the stock a "buy" rating in a research report on Tuesday, July 8th. Two analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Prologis presently has an average rating of "Moderate Buy" and a consensus price target of $121.06.

Prologis Price Performance

PLD stock opened at $110.5590 on Wednesday. The firm has a 50 day moving average of $107.08 and a 200-day moving average of $108.94. The company has a market cap of $102.61 billion, a price-to-earnings ratio of 29.96, a PEG ratio of 2.64 and a beta of 1.21. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.61. Prologis, Inc. has a 12-month low of $85.35 and a 12-month high of $132.57.

Prologis (NYSE:PLD - Get Free Report) last posted its 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 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 analyst estimates of $2.03 billion. During the same quarter in the prior year, the company earned $1.34 earnings per share. 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, equities 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.