103,271 Shares in Prologis, Inc. (NYSE:PLD) Bought by Landmark Investment Partners L.P.

Landmark Investment Partners L.P. bought a new stake in shares of Prologis, Inc. (NYSE:PLD - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 103,271 shares of the real estate investment trust's stock, valued at approximately $10,916,000. Prologis makes up approximately 4.4% of Landmark Investment Partners L.P.'s investment portfolio, making the stock its 12th largest holding.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Mission Creek Capital Partners Inc. boosted its holdings in Prologis by 2.5% in the fourth quarter. Mission Creek Capital Partners Inc. now owns 20,255 shares of the real estate investment trust's stock worth $2,141,000 after acquiring an additional 502 shares in the last quarter. Johnson Financial Group Inc. lifted its holdings in shares of Prologis by 162.5% in the 4th quarter. Johnson Financial Group Inc. now owns 546 shares of the real estate investment trust's stock worth $58,000 after purchasing an additional 338 shares in the last quarter. Susquehanna Fundamental Investments LLC acquired a new stake in Prologis in the 4th quarter valued at $39,877,000. Voya Financial Advisors Inc. grew its position in Prologis by 9.9% in the 4th quarter. Voya Financial Advisors Inc. now owns 5,177 shares of the real estate investment trust's stock valued at $544,000 after purchasing an additional 468 shares during the period. Finally, Two Sigma Securities LLC grew its position in Prologis by 421.7% in the 4th quarter. Two Sigma Securities LLC now owns 5,214 shares of the real estate investment trust's stock valued at $551,000 after purchasing an additional 6,835 shares during the period. Institutional investors own 93.50% of the company's stock.

Wall Street Analyst Weigh In

PLD has been the subject of several research reports. Raymond James reissued a "market perform" rating on shares of Prologis in a research report on Monday, February 3rd. Barclays reduced 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. Mizuho cut their price objective on shares of Prologis from $117.00 to $105.00 and set a "neutral" rating on the stock in a report on Friday, April 11th. BTIG Research cut their price objective on shares of Prologis from $154.00 to $134.00 and set a "buy" rating on the stock in a report on Friday, January 17th. Finally, Evercore ISI cut their price objective on shares of Prologis from $111.00 to $106.00 and set an "in-line" rating on the stock in a report on Thursday, April 17th. One 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, the stock has an average rating of "Moderate Buy" and an average price target of $122.05.

Insiders Place Their Bets

In other news, CIO Joseph Ghazal sold 10,997 shares of the company's stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $118.74, for a total value of $1,305,783.78. Following the completion of the sale, the executive now owns 7,977 shares of the company's stock, valued at approximately $947,188.98. This represents a 57.96 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.57% of the stock is owned by insiders.

Prologis Stock Performance

Prologis stock traded up $0.95 during midday trading on Thursday, reaching $103.15. The stock had a trading volume of 3,955,563 shares, compared to its average volume of 4,145,301. Prologis, Inc. has a 12 month low of $85.35 and a 12 month high of $132.57. The firm's 50-day moving average price is $108.38 and its 200 day moving average price is $112.22. The firm has a market capitalization of $95.62 billion, a PE ratio of 25.79, a P/E/G ratio of 2.70 and a beta of 1.20. The company has a quick ratio of 0.43, a current ratio of 0.75 and a debt-to-equity ratio of 0.53.

Prologis (NYSE:PLD - Get Free Report) last announced its quarterly earnings results on Wednesday, April 16th. The real estate investment trust reported $1.42 earnings per share for the quarter, beating the consensus estimate of $1.38 by $0.04. Prologis had a return on equity of 6.44% and a net margin of 45.50%. The firm had revenue of $1.99 billion for the quarter, compared to analysts' expectations of $1.99 billion. As a group, research analysts predict that Prologis, Inc. will post 5.73 earnings per share for the current fiscal year.

Prologis Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Tuesday, March 18th were issued a dividend of $1.01 per share. This is a positive change from Prologis's previous quarterly dividend of $0.96. The ex-dividend date was Tuesday, March 18th. This represents a $4.04 annualized dividend and a dividend yield of 3.92%. Prologis's payout ratio is presently 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.