Prologis, Inc. (NYSE:PLD) Shares Bought by Livforsakringsbolaget Skandia Omsesidigt

Livforsakringsbolaget Skandia Omsesidigt boosted its stake in shares of Prologis, Inc. (NYSE:PLD) by 80.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,323 shares of the real estate investment trust’s stock after buying an additional 1,039 shares during the period. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Prologis were worth $310,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. CreativeOne Wealth LLC boosted its stake in Prologis by 1.5% during the second quarter. CreativeOne Wealth LLC now owns 5,547 shares of the real estate investment trust’s stock worth $680,000 after buying an additional 82 shares during the last quarter. SevenOneSeven Capital Management boosted its stake in Prologis by 2.3% during the fourth quarter. SevenOneSeven Capital Management now owns 3,792 shares of the real estate investment trust’s stock worth $427,000 after buying an additional 86 shares during the last quarter. Family Legacy Inc. lifted its stake in shares of Prologis by 0.5% in the 4th quarter. Family Legacy Inc. now owns 16,634 shares of the real estate investment trust’s stock valued at $2,217,000 after purchasing an additional 87 shares during the last quarter. Lockerman Financial Group Inc. lifted its stake in shares of Prologis by 2.0% in the 4th quarter. Lockerman Financial Group Inc. now owns 4,402 shares of the real estate investment trust’s stock valued at $587,000 after purchasing an additional 87 shares during the last quarter. Finally, Hixon Zuercher LLC lifted its stake in shares of Prologis by 0.6% in the 4th quarter. Hixon Zuercher LLC now owns 14,631 shares of the real estate investment trust’s stock valued at $1,950,000 after purchasing an additional 88 shares during the last quarter. Institutional investors and hedge funds own 93.50% of the company’s stock.

Analyst Upgrades and Downgrades

PLD has been the topic of several recent analyst reports. Royal Bank of Canada upped their price target on Prologis from $128.00 to $145.00 and gave the company an “outperform” rating in a research note on Friday, February 16th. TheStreet raised Prologis from a “c+” rating to a “b-” rating in a research note on Friday, January 26th. Evercore ISI reissued an “in-line” rating and set a $136.00 target price on shares of Prologis in a research note on Monday, March 18th. Mizuho reissued a “neutral” rating and set a $130.00 target price on shares of Prologis in a research note on Tuesday, April 2nd. Finally, Barclays decreased their target price on Prologis from $141.00 to $135.00 and set an “overweight” rating on the stock in a research note on Wednesday. Four investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Prologis presently has a consensus rating of “Moderate Buy” and a consensus price target of $141.27.

Prologis Stock Down 1.2 %

Shares of PLD traded down $1.29 during mid-day trading on Thursday, reaching $105.20. The company’s stock had a trading volume of 841,097 shares, compared to its average volume of 3,315,567. Prologis, Inc. has a 12-month low of $96.64 and a 12-month high of $137.52. The stock has a market cap of $97.32 billion, a PE ratio of 32.37, a price-to-earnings-growth ratio of 2.29 and a beta of 1.00. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.30 and a quick ratio of 0.30. The company’s 50 day moving average is $128.99 and its 200 day moving average is $122.19.

Prologis (NYSE:PLD) last released its quarterly earnings data on Wednesday, January 17th. The real estate investment trust reported $0.68 EPS for the quarter, missing analysts’ consensus estimates of $1.26 by ($0.58). Prologis had a net margin of 38.13% and a return on equity of 5.29%. The business had revenue of $1.89 billion during the quarter, compared to analysts’ expectations of $1.85 billion. During the same quarter in the previous year, the company posted $1.24 EPS. The company’s revenue was up 7.8% compared to the same quarter last year. Equities analysts anticipate that Prologis, Inc. will post 5.5 EPS for the current fiscal year.

Prologis Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Monday, March 18th were paid a dividend of $0.96 per share. This represents a $3.84 dividend on an annualized basis and a yield of 3.65%. The ex-dividend date of this dividend was Friday, March 15th. This is an increase from Prologis’s previous quarterly dividend of $0.87. Prologis’s dividend payout ratio (DPR) is currently 116.72%.

About Prologis

Prologis, Inc is the global leader in logistics real estate with a focus on high-barrier, high-growth markets. At December 31, 2023, 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.