Prologis, Inc. (NYSE:PLD) Stake Lifted by Marshall Wace LLP

Marshall Wace LLP boosted its holdings in shares of Prologis, Inc. (NYSE:PLD - Free Report) by 9.5% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 738,572 shares of the real estate investment trust's stock after purchasing an additional 63,777 shares during the period. Marshall Wace LLP owned approximately 0.08% of Prologis worth $78,067,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of PLD. Murphy & Mullick Capital Management Corp acquired a new position in Prologis in the 4th quarter valued at about $26,000. Crowley Wealth Management Inc. acquired a new position in shares of Prologis in the fourth quarter valued at approximately $27,000. Centricity Wealth Management LLC purchased a new stake in shares of Prologis during the fourth quarter worth approximately $30,000. Whipplewood Advisors LLC acquired a new stake in shares of Prologis during the fourth quarter worth $34,000. Finally, Promus Capital LLC acquired a new position in Prologis in the 4th quarter valued at $34,000. 93.50% of the stock is currently owned by institutional investors and hedge funds.

Prologis Stock Up 1.8 %

Shares of PLD stock traded up $1.78 on Tuesday, hitting $100.41. The stock had a trading volume of 892,638 shares, compared to its average volume of 4,125,046. Prologis, Inc. has a 52-week low of $85.35 and a 52-week high of $132.57. The firm has a market capitalization of $93.08 billion, a price-to-earnings ratio of 25.11, a P/E/G ratio of 2.70 and a beta of 1.20. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.43 and a current ratio of 0.75. The stock's 50 day moving average is $111.02 and its 200-day moving average is $112.96.

Prologis (NYSE:PLD - Get Free Report) last announced its earnings results 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 analyst estimates of $1.99 billion. Prologis had a return on equity of 6.44% and a net margin of 45.50%. As a group, research analysts expect that Prologis, Inc. will post 5.73 earnings per share for the current year.

Prologis Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Tuesday, March 18th were paid a dividend of $1.01 per share. This represents a $4.04 dividend on an annualized basis and a yield of 4.02%. This is an increase from Prologis's previous quarterly dividend of $0.96. The ex-dividend date was Tuesday, March 18th. Prologis's dividend payout ratio is 101.00%.

Insider Transactions at Prologis

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

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on PLD. Scotiabank restated a "sector underperform" rating and issued a $97.00 price target (down from $133.00) on shares of Prologis in a research note on Monday, April 7th. Evercore ISI reduced their price objective on shares of Prologis from $111.00 to $106.00 and set an "in-line" rating for the company in a research note on Thursday, April 17th. Truist Financial raised their target price on shares of Prologis from $121.00 to $123.00 and gave the stock a "buy" rating in a research report on Monday, January 27th. Baird R W upgraded Prologis from a "hold" rating to a "strong-buy" rating in a report on Monday, January 6th. Finally, Robert W. Baird increased their target price on Prologis from $123.00 to $124.00 and gave the stock an "outperform" rating in a research report on Thursday, January 30th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $123.32.

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.