Quantinno Capital Management LP Grows Stock Holdings in Prologis, Inc. (NYSE:PLD)

Quantinno Capital Management LP raised its stake in shares of Prologis, Inc. (NYSE:PLD - Free Report) by 20.7% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 86,573 shares of the real estate investment trust's stock after purchasing an additional 14,854 shares during the period. Quantinno Capital Management LP's holdings in Prologis were worth $9,151,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Empirical Asset Management LLC raised its position in shares of Prologis by 339.0% during the 4th quarter. Empirical Asset Management LLC now owns 68,584 shares of the real estate investment trust's stock valued at $7,249,000 after purchasing an additional 52,963 shares during the period. Aviva PLC raised its position in shares of Prologis by 36.6% during the 4th quarter. Aviva PLC now owns 695,187 shares of the real estate investment trust's stock valued at $73,481,000 after purchasing an additional 186,187 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Prologis by 29.8% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 784,360 shares of the real estate investment trust's stock valued at $82,907,000 after purchasing an additional 179,880 shares during the period. Allstate Corp raised its position in shares of Prologis by 111.7% during the 4th quarter. Allstate Corp now owns 74,518 shares of the real estate investment trust's stock valued at $7,877,000 after purchasing an additional 39,321 shares during the period. Finally, Massachusetts Financial Services Co. MA raised its position in shares of Prologis by 2.1% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 16,596,799 shares of the real estate investment trust's stock valued at $1,754,282,000 after purchasing an additional 334,907 shares during the period. Hedge funds and other institutional investors own 93.50% of the company's stock.

Prologis Price Performance

Shares of Prologis stock traded up $0.01 during trading hours on Monday, reaching $110.56. The company's stock had a trading volume of 2,879,701 shares, compared to its average volume of 4,195,050. Prologis, Inc. has a one year low of $85.35 and a one year high of $132.57. 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 has a 50 day moving average price of $104.90 and a 200-day moving average price of $111.08. The stock has a market cap of $102.59 billion, a P/E ratio of 27.64, a P/E/G ratio of 2.70 and a beta of 1.25.

Prologis (NYSE:PLD - Get Free Report) last announced its quarterly earnings data on Wednesday, April 16th. The real estate investment trust reported $1.42 earnings per share (EPS) for the quarter, topping 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 business had revenue of $1.99 billion during the quarter, compared to the consensus estimate of $1.99 billion. On average, analysts predict that Prologis, Inc. will post 5.73 EPS for the current year.

Prologis Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Tuesday, June 17th will be issued a dividend of $1.01 per share. This represents a $4.04 dividend on an annualized basis and a yield of 3.65%. The ex-dividend date is Tuesday, June 17th. Prologis's payout ratio is currently 101.00%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on PLD. Wells Fargo & Company cut their price objective on shares of Prologis from $146.00 to $119.00 and set an "overweight" rating for the company in a report on Monday. 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 research note on Monday, April 14th. Barclays decreased their price target on shares of Prologis from $132.00 to $119.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 30th. Truist Financial cut their price objective on Prologis from $123.00 to $120.00 and set a "buy" rating for the company in a research report on Monday, May 5th. Finally, Morgan Stanley reduced their target price on Prologis to $120.00 and set an "outperform" rating on the stock in a report on Monday, April 14th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $120.42.

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.