Prologis, Inc. (NYSE:PLD) Position Lifted by Waverton Investment Management Ltd

Waverton Investment Management Ltd lifted its holdings in Prologis, Inc. (NYSE:PLD - Free Report) by 9.5% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 315,976 shares of the real estate investment trust's stock after purchasing an additional 27,545 shares during the period. Waverton Investment Management Ltd's holdings in Prologis were worth $39,903,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Swedbank AB purchased a new stake in Prologis during the 1st quarter worth about $596,614,000. Barrow Hanley Mewhinney & Strauss LLC purchased a new stake in shares of Prologis during the second quarter worth approximately $203,223,000. Vanguard Group Inc. lifted its stake in Prologis by 1.2% in the first quarter. Vanguard Group Inc. now owns 120,945,384 shares of the real estate investment trust's stock worth $15,749,508,000 after acquiring an additional 1,460,229 shares during the last quarter. AMF Tjanstepension AB grew its holdings in Prologis by 267.9% during the 3rd quarter. AMF Tjanstepension AB now owns 1,875,612 shares of the real estate investment trust's stock worth $236,879,000 after acquiring an additional 1,365,811 shares in the last quarter. Finally, Federated Hermes Inc. increased its position in shares of Prologis by 326.3% in the 2nd quarter. Federated Hermes Inc. now owns 1,774,932 shares of the real estate investment trust's stock valued at $199,343,000 after purchasing an additional 1,358,542 shares during the last quarter. 93.50% of the stock is owned by hedge funds and other institutional investors.

Prologis Trading Down 1.2 %

NYSE:PLD traded down $1.35 on Tuesday, reaching $112.75. The stock had a trading volume of 2,674,733 shares, compared to its average volume of 3,643,530. The company has a market cap of $104.43 billion, a price-to-earnings ratio of 34.47, a P/E/G ratio of 3.04 and a beta of 1.08. Prologis, Inc. has a 12-month low of $101.11 and a 12-month high of $137.52. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.43 and a quick ratio of 0.43. The firm's fifty day moving average is $122.42 and its two-hundred day moving average is $117.85.

Prologis (NYSE:PLD - Get Free Report) last released 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). Prologis had a return on equity of 5.34% and a net margin of 39.08%. The firm had revenue of $1.90 billion during the quarter, compared to analysts' expectations of $1.91 billion. During the same period in the previous year, the firm posted $1.30 earnings per share. The firm's revenue was up 6.9% on a year-over-year basis. Equities analysts expect that Prologis, Inc. will post 5.45 EPS for the current fiscal year.

Prologis Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 16th were given a dividend of $0.96 per share. This represents a $3.84 annualized dividend and a yield of 3.41%. The ex-dividend date was Monday, September 16th. Prologis's dividend payout ratio (DPR) is 116.01%.

Analyst Ratings Changes

PLD has been the subject of a number of analyst reports. Barclays lowered their target price on shares of Prologis from $142.00 to $131.00 and set an "overweight" rating for the company in a research note on Thursday, October 10th. Royal Bank of Canada cut Prologis from an "outperform" rating to a "sector perform" rating and boosted their price objective for the company from $124.00 to $127.00 in a research note on Monday, August 5th. Truist Financial raised their price objective on shares of Prologis from $125.00 to $137.00 and gave the stock a "buy" rating in a research report on Monday, August 5th. StockNews.com raised Prologis from a "sell" rating to a "hold" rating in a report on Thursday, July 18th. Finally, Bank of America reiterated a "neutral" rating and issued a $128.00 target price on shares of Prologis in a research note on Monday, August 12th. Eight equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Prologis presently has an average rating of "Moderate Buy" and an average price target of $131.12.

Insiders Place Their Bets

In other news, CIO Joseph Ghazal sold 5,200 shares of the business's stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $129.07, for a total transaction of $671,164.00. Following the completion of the sale, the executive now directly owns 13,187 shares of the company's stock, valued at $1,702,046.09. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.50% of the stock is currently owned by 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.