Twinbeech Capital LP Purchases 40,014 Shares of Prologis, Inc. (NYSE:PLD)

Twinbeech Capital LP grew its position in shares of Prologis, Inc. (NYSE:PLD - Free Report) by 26.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 193,462 shares of the real estate investment trust's stock after acquiring an additional 40,014 shares during the quarter. Twinbeech Capital LP's holdings in Prologis were worth $20,449,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Murphy & Mullick Capital Management Corp bought a new stake in shares of Prologis during the fourth quarter valued at approximately $26,000. Crowley Wealth Management Inc. bought a new stake in Prologis during the fourth quarter worth $27,000. Centricity Wealth Management LLC bought a new stake in Prologis during the fourth quarter worth $30,000. Promus Capital LLC bought a new stake in Prologis during the fourth quarter worth $34,000. Finally, Whipplewood Advisors LLC bought a new stake in Prologis during the fourth quarter worth $34,000. Institutional investors own 93.50% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on PLD shares. CJS Securities decreased their price target on Prologis from $140.00 to $117.00 in a report on Friday, April 11th. Evercore ISI decreased their price target on Prologis from $111.00 to $106.00 and set an "in-line" rating for the company in a report on Thursday, April 17th. BNP Paribas upgraded Prologis to a "strong-buy" rating in a report on Wednesday, January 22nd. Wolfe Research downgraded Prologis from an "outperform" rating to a "peer perform" rating in a report on Monday, April 21st. Finally, UBS Group upped their price target on Prologis from $121.00 to $137.00 and gave the stock a "buy" rating in a report on Tuesday, January 28th. One investment 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. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $121.84.

Prologis Stock Up 1.2%

Shares of NYSE PLD opened at $110.56 on Monday. Prologis, Inc. has a one year low of $85.35 and a one year high of $132.57. 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 business's fifty day moving average price is $104.90 and its 200-day moving average price is $111.08. The stock has a market capitalization of $102.59 billion, a PE ratio of 27.64, a P/E/G ratio of 2.70 and a beta of 1.25.

Prologis (NYSE:PLD - Get Free Report) last issued its quarterly earnings data on Wednesday, April 16th. The real estate investment trust reported $1.42 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.38 by $0.04. The business had revenue of $1.99 billion for the quarter, compared to analysts' expectations of $1.99 billion. Prologis had a return on equity of 6.44% and a net margin of 45.50%. On average, equities research analysts anticipate that Prologis, Inc. will post 5.73 EPS for the current year.

Prologis Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Tuesday, June 17th will be issued a dividend of $1.01 per share. The ex-dividend date of this dividend is Tuesday, June 17th. This represents a $4.04 dividend on an annualized basis and a yield of 3.65%. Prologis's dividend payout ratio (DPR) is 101.00%.

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.

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