Prologis, Inc. (NYSE:PLD) Shares Purchased by Quantinno Capital Management LP

Quantinno Capital Management LP increased its stake in shares of Prologis, Inc. (NYSE:PLD) by 20.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 86,573 shares of the real estate investment trust’s stock after acquiring an additional 14,854 shares during the period. Quantinno Capital Management LP’s holdings in Prologis were worth $9,151,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Murphy & Mullick Capital Management Corp acquired a new stake in Prologis during the fourth quarter worth about $26,000. Crowley Wealth Management Inc. acquired a new stake in Prologis during the fourth quarter worth about $27,000. Centricity Wealth Management LLC acquired a new stake in Prologis during the fourth quarter worth about $30,000. Promus Capital LLC acquired a new stake in Prologis during the fourth quarter worth about $34,000. Finally, Whipplewood Advisors LLC acquired a new stake in Prologis during the fourth quarter worth about $34,000. 93.50% of the stock is owned by institutional investors and hedge funds.

Prologis Trading Up 1.4%

Shares of PLD stock opened at $109.09 on Friday. The company’s 50-day moving average price is $105.03 and its 200-day moving average price is $111.16. The company has a current ratio of 0.75, a quick ratio of 0.43 and a debt-to-equity ratio of 0.53. The stock has a market cap of $101.23 billion, a price-to-earnings ratio of 27.27, a PEG ratio of 2.70 and a beta of 1.25. Prologis, Inc. has a twelve month low of $85.35 and a twelve month high of $132.57.

Prologis (NYSE:PLD) last announced its quarterly earnings results on Wednesday, April 16th. The real estate investment trust reported $1.42 earnings per share for the quarter, beating the consensus estimate of $1.38 by $0.04. The firm had revenue of $1.99 billion for the quarter, compared to analysts’ expectations of $1.99 billion. Prologis had a net margin of 45.50% and a return on equity of 6.44%. As a group, equities analysts predict that Prologis, Inc. will post 5.73 earnings per share for the current year.

Prologis Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Tuesday, June 17th will be given a dividend of $1.01 per share. The ex-dividend date of this dividend is Tuesday, June 17th. This represents a $4.04 annualized dividend and a dividend yield of 3.70%. Prologis’s payout ratio is 101.00%.

Analyst Ratings Changes

Several analysts recently commented on PLD shares. BMO Capital Markets dropped their target price on Prologis from $105.00 to $95.00 and set an “outperform” rating on the stock in a report on Monday, April 14th. Raymond James reissued a “market perform” rating on shares of Prologis in a report on Monday, February 3rd. Robert W. Baird dropped their price objective on Prologis from $126.00 to $120.00 and set an “outperform” rating on the stock in a report on Wednesday, May 7th. Barclays dropped their price objective on Prologis from $132.00 to $119.00 and set an “overweight” rating on the stock in a report on Wednesday, April 30th. Finally, Royal Bank of Canada dropped their price objective on Prologis from $128.00 to $117.00 and set a “sector perform” rating on the stock in a report on Tuesday, April 29th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, ten have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $121.84.

Prologis Company 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.