Van Lanschot Kempen Investment Management N.V. Lowers Stock Holdings in Prologis, Inc. $PLD

Key Points

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Van Lanschot Kempen Investment Management N.V. lowered its stake in shares of Prologis, Inc. (NYSE:PLD - Free Report) by 30.2% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 155,319 shares of the real estate investment trust's stock after selling 67,161 shares during the quarter. Van Lanschot Kempen Investment Management N.V.'s holdings in Prologis were worth $17,363,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in PLD. Legacy Financial Advisors Inc. lifted its position in Prologis by 10.8% during the 1st quarter. Legacy Financial Advisors Inc. now owns 4,430 shares of the real estate investment trust's stock worth $495,000 after acquiring an additional 433 shares during the period. Texas Capital Bancshares Inc TX raised its stake in shares of Prologis by 2.9% during the first quarter. Texas Capital Bancshares Inc TX now owns 6,651 shares of the real estate investment trust's stock worth $744,000 after purchasing an additional 187 shares during the last quarter. Texas Capital Bank Wealth Management Services Inc raised its stake in shares of Prologis by 14.3% during the first quarter. Texas Capital Bank Wealth Management Services Inc now owns 67,794 shares of the real estate investment trust's stock worth $7,579,000 after purchasing an additional 8,470 shares during the last quarter. RWA Wealth Partners LLC grew its position in Prologis by 1.9% in the 1st quarter. RWA Wealth Partners LLC now owns 10,229 shares of the real estate investment trust's stock valued at $1,143,000 after buying an additional 193 shares during the last quarter. Finally, Wellington Management Group LLP increased its stake in Prologis by 9.3% in the 1st quarter. Wellington Management Group LLP now owns 3,446,822 shares of the real estate investment trust's stock valued at $385,320,000 after buying an additional 293,763 shares during the period. 93.50% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

PLD has been the subject of several analyst reports. Wells Fargo & Company set a $137.00 price target on shares of Prologis and gave the stock an "overweight" rating in a report on Sunday, July 13th. Barclays dropped their target price on Prologis from $132.00 to $119.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 30th. Mizuho set a $118.00 price target on Prologis and gave the company an "outperform" rating in a report on Tuesday. Wall Street Zen downgraded Prologis from a "hold" rating to a "sell" rating in a report on Saturday, June 14th. Finally, Royal Bank Of Canada reduced their price objective on shares of Prologis from $128.00 to $117.00 and set a "sector perform" rating for the company in a research note on Tuesday, April 29th. 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 company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $121.06.

Prologis Price Performance

Shares of PLD stock traded down $1.9410 during trading hours on Thursday, hitting $108.2390. The company's stock had a trading volume of 3,045,671 shares, compared to its average volume of 3,358,921. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.61. The business has a fifty day moving average of $107.11 and a 200-day moving average of $108.88. Prologis, Inc. has a twelve month low of $85.35 and a twelve month high of $132.57. The stock has a market cap of $100.47 billion, a price-to-earnings ratio of 29.33, a P/E/G ratio of 2.76 and a beta of 1.21.

Prologis (NYSE:PLD - Get Free Report) last issued its quarterly earnings data on Wednesday, July 16th. The real estate investment trust reported $1.46 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company's quarterly revenue was up 8.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.34 EPS. Prologis has set its FY 2025 guidance at 5.750-5.800 EPS. As a group, equities research analysts anticipate that Prologis, Inc. will post 5.73 EPS for the current year.

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.