Prologis, Inc. (NYSE:PLD) Shares Acquired by Ecofi Investissements SA

Ecofi Investissements SA increased its holdings in shares of Prologis, Inc. (NYSE:PLD) by 44.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,800 shares of the real estate investment trust’s stock after purchasing an additional 2,400 shares during the quarter. Prologis makes up approximately 0.5% of Ecofi Investissements SA’s portfolio, making the stock its 29th biggest position. Ecofi Investissements SA’s holdings in Prologis were worth $764,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of PLD. Cohen & Steers Inc. lifted its stake in Prologis by 3.2% in the fourth quarter. Cohen & Steers Inc. now owns 28,331,750 shares of the real estate investment trust’s stock valued at $2,994,557,000 after buying an additional 882,529 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Prologis by 2.9% in the 4th quarter. Geode Capital Management LLC now owns 21,372,231 shares of the real estate investment trust’s stock valued at $2,252,853,000 after purchasing an additional 610,251 shares in the last quarter. FMR LLC grew its holdings in Prologis by 11.7% during the fourth quarter. FMR LLC now owns 17,878,397 shares of the real estate investment trust’s stock worth $1,889,747,000 after acquiring an additional 1,875,978 shares during the period. Massachusetts Financial Services Co. MA grew its stake in shares of Prologis by 2.1% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 16,596,799 shares of the real estate investment trust’s stock worth $1,754,282,000 after purchasing an additional 334,907 shares during the period. Finally, Invesco Ltd. grew its position in Prologis by 0.4% during the fourth quarter. Invesco Ltd. now owns 11,577,456 shares of the real estate investment trust’s stock worth $1,223,737,000 after buying an additional 44,702 shares during the period. Hedge funds and other institutional investors own 93.50% of the company’s stock.

Insiders Place Their Bets

In other news, CIO Joseph Ghazal sold 10,997 shares of the firm’s stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $118.74, for a total transaction of $1,305,783.78. Following the transaction, the executive now directly owns 7,977 shares of the company’s stock, valued at approximately $947,188.98. This trade represents a 57.96 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.57% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on PLD shares. BNP Paribas upgraded shares of Prologis to a “strong-buy” rating in a report on Wednesday, January 22nd. Morgan Stanley dropped their target price on Prologis to $120.00 and set an “outperform” rating for the company in a research note on Monday, April 14th. Robert W. Baird increased their price target on shares of Prologis from $123.00 to $124.00 and gave the stock an “outperform” rating in a research note on Thursday, January 30th. Raymond James restated a “market perform” rating on shares of Prologis in a report on Monday, February 3rd. Finally, CJS Securities cut their target price on shares of Prologis from $140.00 to $117.00 in a research note on Friday, April 11th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $123.32.

Prologis Trading Up 1.6 %

Shares of NYSE PLD opened at $101.89 on Friday. The company has a quick ratio of 0.43, a current ratio of 0.75 and a debt-to-equity ratio of 0.53. The stock’s 50 day moving average price is $111.44 and its two-hundred day moving average price is $113.26. Prologis, Inc. has a 52-week low of $85.35 and a 52-week high of $132.57. The stock has a market capitalization of $94.45 billion, a P/E ratio of 25.47, a PEG ratio of 2.70 and a beta of 1.20.

Prologis (NYSE:PLD) last posted its quarterly earnings results on Wednesday, April 16th. The real estate investment trust reported $1.42 EPS for the quarter, beating the consensus estimate of $1.38 by $0.04. The business had revenue of $1.99 billion during the quarter, compared to analyst estimates of $1.99 billion. Prologis had a net margin of 45.50% and a return on equity of 6.44%. On average, analysts anticipate that Prologis, Inc. will post 5.73 earnings per share for the current fiscal year.

Prologis Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Tuesday, March 18th were issued a dividend of $1.01 per share. This is an increase from Prologis’s previous quarterly dividend of $0.96. The ex-dividend date of this dividend was Tuesday, March 18th. This represents a $4.04 annualized dividend and a dividend yield of 3.96%. Prologis’s payout ratio is 101.00%.

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.