Prologis, Inc. (NYSE:PLD) Shares Purchased by Groupama Asset Managment

Groupama Asset Managment lifted its position in Prologis, Inc. (NYSE:PLD - Free Report) by 53.8% in the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 47,424 shares of the real estate investment trust's stock after purchasing an additional 16,581 shares during the period. Groupama Asset Managment's holdings in Prologis were worth $5,989,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Semmax Financial Advisors Inc. purchased a new position in shares of Prologis during the second quarter valued at $27,000. American Capital Advisory LLC purchased a new position in Prologis in the 2nd quarter worth $26,000. Dunhill Financial LLC boosted its position in Prologis by 239.5% in the third quarter. Dunhill Financial LLC now owns 258 shares of the real estate investment trust's stock valued at $33,000 after buying an additional 182 shares during the last quarter. Sunbelt Securities Inc. increased its holdings in Prologis by 640.0% in the 2nd quarter. Sunbelt Securities Inc. now owns 259 shares of the real estate investment trust's stock worth $29,000 after buying an additional 224 shares during the period. Finally, Wetzel Investment Advisors Inc. purchased a new position in shares of Prologis during the 2nd quarter valued at about $31,000. Institutional investors own 93.50% of the company's stock.

Prologis Stock Up 2.8 %

Shares of NYSE PLD traded up $3.10 on Monday, hitting $115.10. The company had a trading volume of 2,704,973 shares, compared to its average volume of 3,646,336. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.56. The business has a 50 day moving average of $117.57 and a two-hundred day moving average of $118.93. The firm has a market capitalization of $106.60 billion, a P/E ratio of 33.84, a PEG ratio of 3.27 and a beta of 1.07. Prologis, Inc. has a 12-month low of $101.11 and a 12-month high of $137.52.

Prologis (NYSE:PLD - Get Free Report) last issued its earnings results on Wednesday, October 16th. The real estate investment trust reported $1.08 EPS for the quarter, missing the consensus estimate of $1.37 by ($0.29). The firm had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.91 billion. Prologis had a return on equity of 5.34% and a net margin of 39.08%. Prologis's revenue was up 6.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.30 EPS. As a group, equities research analysts forecast that Prologis, Inc. will post 5.45 earnings per share for the current fiscal year.

Prologis Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be given a $0.96 dividend. This represents a $3.84 annualized dividend and a yield of 3.34%. The ex-dividend date of this dividend is Monday, December 16th. Prologis's dividend payout ratio is currently 116.01%.

Wall Street Analysts Forecast Growth

PLD has been the topic of several recent research reports. Barclays lifted their target price on shares of Prologis from $131.00 to $132.00 and gave the stock an "overweight" rating in a research note on Monday, November 18th. Truist Financial lowered their price objective on shares of Prologis from $137.00 to $132.00 and set a "buy" rating for the company in a research report on Thursday. Wells Fargo & Company increased their price target on Prologis from $142.00 to $146.00 and gave the company an "overweight" rating in a research report on Wednesday, August 28th. Bank of America restated a "neutral" rating and set a $128.00 price objective on shares of Prologis in a research report on Monday, August 12th. Finally, Morgan Stanley upped their target price on Prologis from $132.00 to $133.00 and gave the company an "overweight" rating in a research report on Wednesday, August 14th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $130.13.

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.