V Square Quantitative Management LLC Increases Position in Prologis, Inc. (NYSE:PLD)

V Square Quantitative Management LLC boosted its position in shares of Prologis, Inc. (NYSE:PLD) by 9.5% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 20,823 shares of the real estate investment trust’s stock after buying an additional 1,799 shares during the period. V Square Quantitative Management LLC’s holdings in Prologis were worth $2,630,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Optimum Investment Advisors purchased a new stake in Prologis during the 1st quarter worth approximately $26,000. American Capital Advisory LLC purchased a new stake in Prologis during the 2nd quarter worth approximately $26,000. Semmax Financial Advisors Inc. purchased a new stake in Prologis during the 2nd quarter worth approximately $27,000. Central Valley Advisors LLC purchased a new stake in Prologis during the 2nd quarter worth approximately $29,000. Finally, Sunbelt Securities Inc. increased its stake in Prologis by 640.0% during the 2nd quarter. Sunbelt Securities Inc. now owns 259 shares of the real estate investment trust’s stock worth $29,000 after buying an additional 224 shares in the last quarter. 93.50% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. The Goldman Sachs Group boosted their price objective on Prologis from $140.00 to $156.00 and gave the stock a “buy” rating in a research note on Thursday, July 25th. BMO Capital Markets restated a “market perform” rating and set a $115.00 target price on shares of Prologis in a report on Monday, July 15th. Truist Financial boosted their target price on Prologis from $125.00 to $137.00 and gave the stock a “buy” rating in a report on Monday, August 5th. StockNews.com upgraded Prologis from a “sell” rating to a “hold” rating in a report on Thursday, July 18th. Finally, Wells Fargo & Company boosted their target price on Prologis from $142.00 to $146.00 and gave the stock an “overweight” rating in a report on Wednesday, August 28th. Seven investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $132.71.

Prologis Trading Down 0.2 %

PLD traded down $0.29 during trading hours on Friday, reaching $122.41. The company’s stock had a trading volume of 326,398 shares, compared to its average volume of 3,626,285. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.36 and a quick ratio of 0.36. The business’s 50-day moving average is $125.42 and its 200-day moving average is $117.76. Prologis, Inc. has a fifty-two week low of $96.64 and a fifty-two week high of $137.52. The stock has a market cap of $113.33 billion, a PE ratio of 35.89, a P/E/G ratio of 3.05 and a beta of 1.07.

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 return on equity of 4.88% and a net margin of 36.37%. The firm had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.91 billion. During the same quarter last year, the company earned $1.30 earnings per share. The firm’s revenue for the quarter was up 6.9% on a year-over-year basis. As a group, equities research analysts predict that Prologis, Inc. will post 5.42 earnings per share for the current fiscal year.

Prologis Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 16th were given a dividend of $0.96 per share. This represents a $3.84 dividend on an annualized basis and a dividend yield of 3.14%. The ex-dividend date of this dividend was Monday, September 16th. Prologis’s dividend payout ratio is currently 112.28%.

Insider Transactions at Prologis

In related news, CIO Joseph Ghazal sold 5,200 shares of the stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $129.07, for a total value of $671,164.00. Following the transaction, the executive now owns 13,187 shares of the company’s stock, valued at $1,702,046.09. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.50% of the company’s stock.

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.