Susquehanna Fundamental Investments LLC Buys Shares of 377,263 Prologis, Inc. (NYSE:PLD)

Susquehanna Fundamental Investments LLC purchased a new position in shares of Prologis, Inc. (NYSE:PLD - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 377,263 shares of the real estate investment trust's stock, valued at approximately $39,877,000. Prologis makes up 0.6% of Susquehanna Fundamental Investments LLC's portfolio, making the stock its 13th largest position.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Murphy & Mullick Capital Management Corp purchased a new position in Prologis in the fourth quarter valued at $26,000. Crowley Wealth Management Inc. acquired a new position in shares of Prologis during the 4th quarter worth about $27,000. Centricity Wealth Management LLC purchased a new position in shares of Prologis in the 4th quarter valued at about $30,000. Whipplewood Advisors LLC acquired a new stake in shares of Prologis during the 4th quarter worth about $34,000. Finally, Promus Capital LLC purchased a new stake in Prologis during the fourth quarter worth approximately $34,000. Institutional investors and hedge funds own 93.50% of the company's stock.

Prologis Stock Performance

Shares of Prologis stock traded down $1.13 on Wednesday, reaching $101.97. 7,706,372 shares of the stock were exchanged, compared to its average volume of 5,112,682. The firm has a market capitalization of $94.52 billion, a PE ratio of 25.49, a PEG ratio of 2.70 and a beta of 1.20. Prologis, Inc. has a 1-year low of $100.25 and a 1-year high of $103.64. The business has a fifty day moving average price of $108.76 and a two-hundred day moving average price of $112.29. The company has a current ratio of 0.75, a quick ratio of 0.43 and a debt-to-equity ratio of 0.53.

Prologis (NYSE:PLD - Get Free Report) last issued 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. Prologis had a return on equity of 6.44% and a net margin of 45.50%. The business had revenue of $1.99 billion during the quarter, compared to the consensus estimate of $1.99 billion. As a group, research analysts anticipate that Prologis, Inc. will post 5.73 earnings per share for the current fiscal year.

Prologis Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Tuesday, March 18th were issued a $1.01 dividend. This represents a $4.04 dividend on an annualized basis and a dividend yield of 3.96%. The ex-dividend date was Tuesday, March 18th. This is an increase from Prologis's previous quarterly dividend of $0.96. Prologis's dividend payout ratio (DPR) is currently 101.00%.

Analyst Ratings Changes

PLD has been the topic of several recent analyst reports. Mizuho dropped their price target on shares of Prologis from $117.00 to $105.00 and set a "neutral" rating on the stock in a research note on Friday, April 11th. Morgan Stanley cut their price target on shares of Prologis to $120.00 and set an "outperform" rating on the stock in a research note on Monday, April 14th. Raymond James restated a "market perform" rating on shares of Prologis in a research note on Monday, February 3rd. Wolfe Research cut Prologis from an "outperform" rating to a "peer perform" rating in a research report on Monday, April 21st. Finally, CJS Securities decreased their target price on Prologis from $140.00 to $117.00 in a research report on Friday, April 11th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $122.74.

Insider Buying and Selling at Prologis

In related news, CIO Joseph Ghazal sold 10,997 shares of the company's stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $118.74, for a total value of $1,305,783.78. Following the sale, the executive now owns 7,977 shares in the company, valued at $947,188.98. This represents a 57.96 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.57% of the stock is currently owned by corporate insiders.

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.