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

Livforsakringsbolaget Skandia Omsesidigt increased its stake in shares of Prologis, Inc. (NYSE:PLD) by 357.4% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 7,424 shares of the real estate investment trust’s stock after purchasing an additional 5,801 shares during the period. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Prologis were worth $938,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Quarry LP grew its stake in shares of Prologis by 38.6% in the fourth quarter. Quarry LP now owns 571 shares of the real estate investment trust’s stock valued at $76,000 after buying an additional 159 shares in the last quarter. GLOBALT Investments LLC GA acquired a new position in Prologis in the 4th quarter valued at about $1,042,000. Scarborough Advisors LLC purchased a new stake in Prologis during the fourth quarter worth about $75,000. EP Wealth Advisors LLC lifted its position in shares of Prologis by 15.6% during the fourth quarter. EP Wealth Advisors LLC now owns 10,902 shares of the real estate investment trust’s stock worth $1,453,000 after purchasing an additional 1,469 shares in the last quarter. Finally, Creekmur Asset Management LLC purchased a new position in shares of Prologis in the fourth quarter valued at approximately $136,000. Institutional investors and hedge funds own 93.50% of the company’s stock.

Prologis Stock Performance

Shares of PLD opened at $120.24 on Friday. The company’s 50 day simple moving average is $125.23 and its 200-day simple moving average is $117.86. The firm has a market cap of $111.33 billion, a PE ratio of 39.68, a price-to-earnings-growth ratio of 3.05 and a beta of 1.07. Prologis, Inc. has a 12-month low of $96.64 and a 12-month high of $137.52. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 0.52.

Prologis (NYSE:PLD) last posted its quarterly earnings data on Wednesday, July 17th. The real estate investment trust reported $0.92 EPS for the quarter, missing analysts’ consensus estimates of $1.33 by ($0.41). Prologis had a net margin of 36.37% and a return on equity of 4.88%. The business had revenue of $2.01 billion during the quarter, compared to analyst estimates of $1.86 billion. During the same quarter in the prior year, the firm posted $1.83 earnings per share. The company’s revenue for the quarter was down 18.1% compared to the same quarter last year. As a group, equities analysts predict that Prologis, Inc. will post 5.42 EPS for the current year.

Prologis Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 16th were issued a $0.96 dividend. This represents a $3.84 dividend on an annualized basis and a dividend yield of 3.19%. The ex-dividend date was Monday, September 16th. Prologis’s payout ratio is currently 126.73%.

Insider Transactions at Prologis

In other Prologis 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 value of $671,164.00. Following the transaction, the executive now directly owns 13,187 shares of the company’s stock, valued at approximately $1,702,046.09. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Scotiabank upped their target price on shares of Prologis from $135.00 to $142.00 and gave the stock a “sector outperform” rating in a research note on Monday, August 26th. Barclays reduced their price objective on Prologis from $142.00 to $131.00 and set an “overweight” rating on the stock in a research note on Thursday. StockNews.com raised Prologis from a “sell” rating to a “hold” rating in a research note on Thursday, July 18th. The Goldman Sachs Group upped their price target on Prologis from $140.00 to $156.00 and gave the stock a “buy” rating in a report on Thursday, July 25th. Finally, Bank of America reissued a “neutral” rating and set a $128.00 price objective on shares of Prologis in a research report on Monday, August 12th. Seven investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $132.71.

Prologis 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.