Czech National Bank Has $21.23 Million Stake in Prologis, Inc. (NYSE:PLD)

Czech National Bank increased its stake in shares of Prologis, Inc. (NYSE:PLD) by 6.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 200,813 shares of the real estate investment trust’s stock after buying an additional 12,195 shares during the quarter. Czech National Bank’s holdings in Prologis were worth $21,226,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in PLD. Sunflower Bank N.A. acquired a new stake in shares of Prologis during the 3rd quarter worth $249,000. Coronation Fund Managers Ltd. acquired a new stake in Prologis during the second quarter worth about $878,000. DekaBank Deutsche Girozentrale grew its stake in Prologis by 2.5% during the third quarter. DekaBank Deutsche Girozentrale now owns 1,199,812 shares of the real estate investment trust’s stock worth $149,116,000 after buying an additional 29,400 shares in the last quarter. Cardano Risk Management B.V. bought a new position in Prologis in the 3rd quarter valued at about $109,579,000. Finally, Worldquant Millennium Advisors LLC acquired a new position in shares of Prologis in the 3rd quarter valued at approximately $1,051,000. Institutional investors own 93.50% of the company’s stock.

Prologis Stock Performance

Shares of Prologis stock opened at $103.65 on Monday. The stock has a market cap of $96.00 billion, a price-to-earnings ratio of 31.31, a P/E/G ratio of 3.27 and a beta of 1.09. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.56. Prologis, Inc. has a twelve month low of $100.82 and a twelve month high of $135.76. The company’s fifty day moving average is $110.94 and its 200 day moving average is $118.50.

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

Prologis Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th were issued a dividend of $0.96 per share. The ex-dividend date of this dividend was Monday, December 16th. This represents a $3.84 annualized dividend and a yield of 3.70%. Prologis’s payout ratio is 116.01%.

Analysts Set New Price Targets

Several analysts recently issued reports on PLD shares. Baird R W upgraded shares of Prologis from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 6th. Mizuho decreased their price target on Prologis from $119.00 to $117.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 8th. Scotiabank lowered their price target on Prologis from $136.00 to $134.00 and set a “sector outperform” rating for the company in a report on Wednesday, December 4th. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $132.00 price objective (down from $142.00) on shares of Prologis in a research note on Monday, October 21st. Finally, Raymond James reissued an “outperform” rating and set a $125.00 target price (down previously from $130.00) on shares of Prologis in a research note on Wednesday, December 11th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $129.06.

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.