46,380 Shares in Prologis, Inc. (NYSE:PLD) Bought by Nekton Capital Ltd.

Nekton Capital Ltd. bought a new position in Prologis, Inc. (NYSE:PLD - Free Report) in the fourth quarter, according to its most recent filing with the SEC. The firm bought 46,380 shares of the real estate investment trust's stock, valued at approximately $4,902,000. Prologis makes up 12.9% of Nekton Capital Ltd.'s investment portfolio, making the stock its 5th largest position.

A number of other institutional investors also recently bought and sold shares of the stock. Fayez Sarofim & Co raised its position in Prologis by 1.2% during the 4th quarter. Fayez Sarofim & Co now owns 87,946 shares of the real estate investment trust's stock worth $9,296,000 after buying an additional 1,047 shares during the last quarter. Mirabella Financial Services LLP purchased a new position in Prologis during the 4th quarter worth approximately $1,365,000. MYDA Advisors LLC raised its position in Prologis by 98.5% during the 4th quarter. MYDA Advisors LLC now owns 138,933 shares of the real estate investment trust's stock worth $14,685,000 after buying an additional 68,933 shares during the last quarter. MetLife Investment Management LLC raised its position in Prologis by 1.3% during the 4th quarter. MetLife Investment Management LLC now owns 272,299 shares of the real estate investment trust's stock worth $28,782,000 after buying an additional 3,468 shares during the last quarter. Finally, Natixis increased its holdings in shares of Prologis by 3.8% during the 4th quarter. Natixis now owns 589,347 shares of the real estate investment trust's stock valued at $62,294,000 after purchasing an additional 21,348 shares in the last quarter. 93.50% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on PLD shares. BMO Capital Markets cut their target price on shares of Prologis from $105.00 to $95.00 and set an "outperform" rating for the company in a report on Monday, April 14th. UBS Group boosted their price target on shares of Prologis from $121.00 to $137.00 and gave the stock a "buy" rating in a report on Tuesday, January 28th. BTIG Research decreased 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. Wolfe Research lowered shares of Prologis from an "outperform" rating to a "peer perform" rating in a research report on Monday, April 21st. Finally, Raymond James restated a "market perform" rating on shares of Prologis in a research report on Monday, February 3rd. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $123.32.

Prologis Trading Down 1.0 %

Shares of PLD stock traded down $1.05 during trading on Friday, hitting $102.31. 2,828,184 shares of the stock traded hands, compared to its average volume of 4,148,572. The firm has a market capitalization of $94.84 billion, a P/E ratio of 25.58, a price-to-earnings-growth ratio of 2.70 and a beta of 1.20. 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 firm's fifty day moving average price is $109.48 and its 200-day moving average price is $112.48. Prologis, Inc. has a 52-week low of $85.35 and a 52-week high of $132.57.

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

Prologis Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Tuesday, March 18th were issued a $1.01 dividend. This represents a $4.04 annualized dividend and a yield of 3.95%. The ex-dividend date of this dividend was Tuesday, March 18th. This is an increase from Prologis's previous quarterly dividend of $0.96. Prologis's dividend payout ratio (DPR) is 101.00%.

Insider Activity 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 value of $1,305,783.78. Following the completion of the transaction, 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 legal filing with the SEC, which is available at the SEC website. 0.57% of the stock is owned by insiders.

Prologis Company Profile

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.