Prologis, Inc. $PLD Stock Position Increased by Price T Rowe Associates Inc. MD

Key Points

• Price T Rowe Associates Inc. MD increased its stake in Prologis by 13.0%, holding approximately 1.07% of the company valued at over $1.1 billion.
• Analysts have given Prologis a consensus rating of "Moderate Buy" with an average price target of $121.06, with various upgrades and downgrades reflecting changing market sentiments.
• Prologis reported $1.46 earnings per share for the last quarter, exceeding expectations and showing an 8.8% year-over-year revenue increase.

Price T Rowe Associates Inc. MD lifted its stake in shares of Prologis, Inc. (NYSE:PLD - Free Report) by 13.0% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 9,965,037 shares of the real estate investment trust's stock after purchasing an additional 1,146,454 shares during the period. Price T Rowe Associates Inc. MD owned about 1.07% of Prologis worth $1,113,994,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of PLD. Nuveen LLC bought a new position in shares of Prologis during the first quarter worth about $1,456,768,000. Northern Trust Corp boosted its holdings in Prologis by 54.6% in the fourth quarter. Northern Trust Corp now owns 13,855,339 shares of the real estate investment trust's stock worth $1,464,509,000 after purchasing an additional 4,893,284 shares during the period. Valeo Financial Advisors LLC boosted its holdings in 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 worth $433,229,000 after purchasing an additional 2,862,183 shares during the period. Barrow Hanley Mewhinney & Strauss LLC boosted its holdings in shares of Prologis by 83.8% in the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 3,779,830 shares of the real estate investment trust's stock valued at $399,528,000 after buying an additional 1,723,129 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Prologis in the 4th quarter valued at about $163,970,000. Institutional investors own 93.50% of the company's stock.

Prologis Stock Performance

Shares of PLD traded up $3.78 during trading hours on Friday, reaching $112.17. 3,554,063 shares of the company's stock traded hands, compared to its average volume of 3,270,927. The firm has a market capitalization of $104.12 billion, a price-to-earnings ratio of 30.40, a P/E/G ratio of 2.82 and a beta of 1.21. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.65 and a quick ratio of 0.65. Prologis, Inc. has a twelve month low of $85.35 and a twelve month high of $132.57. The business's fifty day simple moving average is $107.21 and its two-hundred day simple moving average is $108.70.

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

Analyst Upgrades and Downgrades

PLD has been the subject of several research reports. Wall Street Zen lowered shares of Prologis from a "hold" rating to a "sell" rating in a report on Saturday, June 14th. Robert W. Baird decreased their price target on shares of Prologis from $126.00 to $120.00 and set an "outperform" rating for the company in a report on Wednesday, May 7th. Citigroup lowered their price target 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. Truist Financial lowered 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. Finally, Scotiabank upped their price target on shares of Prologis from $97.00 to $100.00 and gave the stock a "sector underperform" rating in a research report on Monday, May 12th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Prologis has a consensus rating of "Moderate Buy" and a consensus price target of $121.06.

Prologis 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.