SG Americas Securities LLC Has $160.62 Million Stock Holdings in Prologis, Inc. (NYSE:PLD)

SG Americas Securities LLC boosted its stake in shares of Prologis, Inc. (NYSE:PLD - Free Report) by 5,678.8% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,436,773 shares of the real estate investment trust's stock after purchasing an additional 1,411,910 shares during the period. Prologis makes up approximately 0.5% of SG Americas Securities LLC's portfolio, making the stock its 24th biggest holding. SG Americas Securities LLC owned approximately 0.15% of Prologis worth $160,617,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in PLD. Cohen & Steers Inc. boosted its position in Prologis by 3.2% during the 4th quarter. Cohen & Steers Inc. now owns 28,331,750 shares of the real estate investment trust's stock worth $2,994,557,000 after purchasing an additional 882,529 shares during the period. Geode Capital Management LLC lifted its position in Prologis by 2.9% during the 4th quarter. Geode Capital Management LLC now owns 21,372,231 shares of the real estate investment trust's stock worth $2,252,853,000 after acquiring an additional 610,251 shares in the last quarter. FMR LLC boosted its holdings in Prologis by 11.7% in the 4th quarter. FMR LLC now owns 17,878,397 shares of the real estate investment trust's stock worth $1,889,747,000 after acquiring an additional 1,875,978 shares during the period. Massachusetts Financial Services Co. MA grew its position in Prologis by 2.1% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 16,596,799 shares of the real estate investment trust's stock valued at $1,754,282,000 after acquiring an additional 334,907 shares in the last quarter. Finally, Northern Trust Corp raised its stake in shares of Prologis by 54.6% during the fourth 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 period. 93.50% of the stock is owned by hedge funds and other institutional investors.

Prologis Stock Up 0.5%

PLD traded up $0.57 during midday trading on Tuesday, hitting $109.50. 3,771,649 shares of the company's stock traded hands, compared to its average volume of 4,145,479. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.75 and a quick ratio of 0.43. The company has a market cap of $101.61 billion, a PE ratio of 27.38, a price-to-earnings-growth ratio of 2.70 and a beta of 1.25. The stock's fifty day simple moving average is $103.61 and its 200-day simple moving average is $110.31. 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 released its quarterly earnings data on Wednesday, April 16th. The real estate investment trust reported $1.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.38 by $0.04. The business had revenue of $1.99 billion during the quarter, compared to analyst estimates of $1.99 billion. Prologis had a net margin of 45.50% and a return on equity of 6.44%. As a group, equities analysts anticipate that Prologis, Inc. will post 5.73 earnings per share for the current fiscal year.

Prologis Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Tuesday, June 17th will be issued a dividend of $1.01 per share. The ex-dividend date is Tuesday, June 17th. This represents a $4.04 annualized dividend and a yield of 3.69%. Prologis's dividend payout ratio (DPR) is presently 101.00%.

Wall Street Analyst Weigh In

PLD has been the subject of a number of recent analyst reports. Royal Bank of Canada lowered their price target on shares of Prologis from $128.00 to $117.00 and set a "sector perform" rating for the company in a report on Tuesday, April 29th. Wall Street Zen upgraded Prologis from a "sell" rating to a "hold" rating in a research note on Friday, May 30th. Evercore ISI cut their target price on Prologis from $111.00 to $106.00 and set an "in-line" rating on the stock in a research report on Thursday, April 17th. Barclays decreased their price target on shares of Prologis from $132.00 to $119.00 and set an "overweight" rating for the company in a research report on Wednesday, April 30th. Finally, Scotiabank lifted their target price on Prologis from $97.00 to $100.00 and gave the stock a "sector underperform" rating in a research report on Monday, May 12th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, ten have issued a buy rating and two have given a strong buy 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 $120.42.

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.