Prologis, Inc. (NYSE:PLD) Shares Bought by Cardano Risk Management B.V.

Cardano Risk Management B.V. lifted its holdings in Prologis, Inc. (NYSE:PLD) by 2.9% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 893,009 shares of the real estate investment trust’s stock after purchasing an additional 25,266 shares during the period. Prologis comprises approximately 1.4% of Cardano Risk Management B.V.’s portfolio, making the stock its 22nd largest holding. Cardano Risk Management B.V.’s holdings in Prologis were worth $94,391,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Semmax Financial Advisors Inc. bought a new position in shares of Prologis in the 2nd quarter worth about $27,000. Sunbelt Securities Inc. lifted its position in shares of Prologis by 640.0% in 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 during the last quarter. Dunhill Financial LLC lifted its position in shares of Prologis by 239.5% in the 3rd quarter. Dunhill Financial LLC now owns 258 shares of the real estate investment trust’s stock worth $33,000 after buying an additional 182 shares during the last quarter. Hara Capital LLC bought a new stake in Prologis in the 3rd quarter valued at about $48,000. Finally, Coastline Trust Co bought a new stake in Prologis in the 3rd quarter valued at about $52,000. 93.50% of the stock is currently owned by institutional investors.

Prologis Trading Up 0.0 %

Shares of Prologis stock traded up $0.05 during trading on Monday, hitting $103.64. The stock had a trading volume of 1,423,418 shares, compared to its average volume of 3,753,299. The company has a market capitalization of $95.99 billion, a PE 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. The stock has a 50 day simple moving average of $110.94 and a 200 day simple moving average of $118.50. Prologis, Inc. has a 1 year low of $100.82 and a 1 year high of $135.76.

Prologis (NYSE:PLD) last released its quarterly earnings data on Wednesday, October 16th. The real estate investment trust reported $1.08 earnings per share for the quarter, missing the consensus estimate of $1.37 by ($0.29). The company had revenue of $1.90 billion during the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.30 EPS. On average, research analysts expect that Prologis, Inc. will post 5.45 EPS for the current fiscal year.

Prologis Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th were given a $0.96 dividend. This represents a $3.84 annualized dividend and a yield of 3.71%. The ex-dividend date was Monday, December 16th. Prologis’s dividend payout ratio is 116.01%.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. JPMorgan Chase & Co. cut their price objective on shares of Prologis from $138.00 to $131.00 and set an “overweight” rating on the stock in a research report on Monday, October 21st. Truist Financial cut their price objective on shares of Prologis from $137.00 to $132.00 and set a “buy” rating on the stock in a research report on Thursday, December 5th. Mizuho cut their price objective on shares of Prologis from $119.00 to $117.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 8th. Evercore ISI lifted their price objective on shares of Prologis from $124.00 to $128.00 and gave the company an “in-line” rating in a research report on Monday, September 16th. Finally, Barclays lifted their price objective on shares of Prologis from $131.00 to $132.00 and gave the company an “overweight” rating in a research report on Monday, November 18th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $129.06.

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.