Prologis, Inc. (NYSE:PLD) is Resolution Capital Ltd's 8th Largest Position

Resolution Capital Ltd raised its position in Prologis, Inc. (NYSE:PLD - Free Report) by 4.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,503,328 shares of the real estate investment trust's stock after purchasing an additional 116,349 shares during the quarter. Prologis accounts for approximately 4.8% of Resolution Capital Ltd's holdings, making the stock its 8th biggest holding. Resolution Capital Ltd owned approximately 0.27% of Prologis worth $264,602,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the company. Norges Bank purchased a new stake in Prologis during the fourth quarter worth $951,263,000. Northern Trust Corp lifted its stake in shares of Prologis by 54.6% during the 4th quarter. Northern Trust Corp now owns 13,855,339 shares of the real estate investment trust's stock worth $1,464,509,000 after purchasing an additional 4,893,284 shares during the last quarter. Capital Research Global Investors boosted its position in Prologis by 25.4% during the fourth quarter. Capital Research Global Investors now owns 12,345,523 shares of the real estate investment trust's stock valued at $1,304,922,000 after purchasing an additional 2,500,761 shares in the last quarter. Raymond James Financial Inc. purchased a new position in Prologis in the fourth quarter valued at about $254,876,000. Finally, FMR LLC lifted its position in shares of Prologis by 11.7% during the fourth quarter. FMR LLC now owns 17,878,397 shares of the real estate investment trust's stock valued at $1,889,747,000 after buying an additional 1,875,978 shares during the last quarter. Institutional investors own 93.50% of the company's stock.

Prologis Stock Performance

Shares of PLD traded down $1.33 during trading hours on Tuesday, hitting $109.32. The company had a trading volume of 850,412 shares, compared to its average volume of 4,782,551. The business has a fifty day moving average of $104.79 and a 200-day moving average of $111.06. The firm has a market cap of $101.44 billion, a price-to-earnings ratio of 27.31, a PEG ratio of 2.70 and a beta of 1.25. Prologis, Inc. has a 12 month low of $85.35 and a 12 month high of $132.57. 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 issued its quarterly earnings data 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. The business had revenue of $1.99 billion during the quarter, compared to the consensus estimate of $1.99 billion. Prologis had a net margin of 45.50% and a return on equity of 6.44%. Equities analysts anticipate that Prologis, Inc. will post 5.73 EPS for the current fiscal year.

Prologis Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Tuesday, June 17th will be paid a $1.01 dividend. The ex-dividend date of this dividend is Tuesday, June 17th. This represents a $4.04 annualized dividend and a dividend yield of 3.70%. Prologis's payout ratio is 101.00%.

Analyst Ratings Changes

PLD has been the subject of a number of research analyst reports. Mizuho decreased their price target on shares of Prologis from $117.00 to $105.00 and set a "neutral" rating for the company in a report on Friday, April 11th. Wolfe Research cut shares of Prologis from an "outperform" rating to a "peer perform" rating in a report on Monday, April 21st. Barclays lowered their price target on shares of Prologis from $132.00 to $119.00 and set an "overweight" rating on the stock in a report on Wednesday, April 30th. Raymond James reiterated a "market perform" rating on shares of Prologis in a research report on Monday, February 3rd. Finally, Truist Financial decreased their price objective on shares of Prologis from $123.00 to $120.00 and set a "buy" rating for the company in a research report on Monday, May 5th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $120.42.

Prologis 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.