Janus Henderson Group PLC Increases Stake in Prologis, Inc. (NYSE:PLD)

Janus Henderson Group PLC raised its position in shares of Prologis, Inc. (NYSE:PLD) by 145.0% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 3,613,494 shares of the real estate investment trust’s stock after buying an additional 2,138,693 shares during the period. Janus Henderson Group PLC’s holdings in Prologis were worth $456,320,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Mather Group LLC. raised its holdings in shares of Prologis by 7.5% during the 2nd quarter. Mather Group LLC. now owns 6,361 shares of the real estate investment trust’s stock worth $714,000 after acquiring an additional 444 shares during the period. Harbor Capital Advisors Inc. increased its holdings in Prologis by 1.7% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 19,102 shares of the real estate investment trust’s stock valued at $2,145,000 after acquiring an additional 317 shares in the last quarter. Park Avenue Securities LLC increased its stake in Prologis by 10.8% in the second quarter. Park Avenue Securities LLC now owns 67,332 shares of the real estate investment trust’s stock valued at $7,562,000 after purchasing an additional 6,578 shares during the last quarter. CVA Family Office LLC boosted its position in shares of Prologis by 25.7% in the second quarter. CVA Family Office LLC now owns 671 shares of the real estate investment trust’s stock worth $75,000 after buying an additional 137 shares during the period. Finally, CWM LLC boosted its stake in Prologis by 11.5% during the 2nd quarter. CWM LLC now owns 18,998 shares of the real estate investment trust’s stock valued at $2,134,000 after acquiring an additional 1,952 shares during the last quarter. 93.50% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Truist Financial increased their price objective on Prologis from $125.00 to $137.00 and gave the stock a “buy” rating in a research note on Monday, August 5th. JPMorgan Chase & Co. decreased their price objective on Prologis from $138.00 to $131.00 and set an “overweight” rating for the company in a research report on Monday, October 21st. Scotiabank cut their price objective on Prologis from $142.00 to $136.00 and set a “sector outperform” rating for the company in a research report on Friday, October 25th. Wells Fargo & Company boosted their price target on Prologis from $142.00 to $146.00 and gave the stock an “overweight” rating in a report on Wednesday, August 28th. Finally, Morgan Stanley raised their target price on Prologis from $132.00 to $133.00 and gave the company an “overweight” rating in a research note on Wednesday, August 14th. Eight equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Prologis has a consensus rating of “Moderate Buy” and a consensus price target of $131.25.

Prologis Price Performance

Shares of NYSE:PLD opened at $115.82 on Tuesday. Prologis, Inc. has a fifty-two week low of $101.11 and a fifty-two week high of $137.52. The company’s 50-day moving average is $118.70 and its 200 day moving average is $118.80. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.43 and a current ratio of 0.43. The company has a market capitalization of $107.27 billion, a P/E ratio of 34.99, a price-to-earnings-growth ratio of 3.41 and a beta of 1.07.

Prologis (NYSE:PLD) last posted its quarterly earnings data on Wednesday, October 16th. The real estate investment trust reported $1.08 earnings per share for the quarter, missing analysts’ consensus estimates of $1.37 by ($0.29). The company had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.91 billion. Prologis had a net margin of 39.08% and a return on equity of 5.34%. The firm’s quarterly revenue was up 6.9% on a year-over-year basis. During the same period last year, the business earned $1.30 EPS. On average, equities research analysts forecast that Prologis, Inc. will post 5.45 earnings per share for the current year.

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.