Cardano Risk Management B.V. Grows Stock Holdings in Prologis, Inc. (NYSE:PLD)

Cardano Risk Management B.V. grew its holdings in Prologis, Inc. (NYSE:PLD) by 2.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 893,009 shares of the real estate investment trust’s stock after purchasing an additional 25,266 shares during the quarter. 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. owned approximately 0.10% of Prologis worth $94,391,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of PLD. ASB Consultores LLC grew its position in shares of Prologis by 3.7% in the third quarter. ASB Consultores LLC now owns 2,423 shares of the real estate investment trust’s stock valued at $306,000 after purchasing an additional 86 shares during the last quarter. CX Institutional grew its position in shares of Prologis by 2.7% in the third quarter. CX Institutional now owns 3,347 shares of the real estate investment trust’s stock valued at $423,000 after purchasing an additional 88 shares during the last quarter. DT Investment Partners LLC grew its position in shares of Prologis by 9.8% in the third quarter. DT Investment Partners LLC now owns 1,043 shares of the real estate investment trust’s stock valued at $132,000 after purchasing an additional 93 shares during the last quarter. Carmel Capital Partners LLC grew its position in shares of Prologis by 2.6% in the third quarter. Carmel Capital Partners LLC now owns 3,749 shares of the real estate investment trust’s stock valued at $473,000 after purchasing an additional 94 shares during the last quarter. Finally, Yoder Wealth Management Inc. grew its position in shares of Prologis by 4.0% in the third quarter. Yoder Wealth Management Inc. now owns 2,500 shares of the real estate investment trust’s stock valued at $316,000 after purchasing an additional 97 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 research firms have recently commented on PLD. Scotiabank lowered their price target on shares of Prologis from $136.00 to $134.00 and set a “sector outperform” rating on the stock in a research report on Wednesday, December 4th. BMO Capital Markets lowered shares of Prologis from a “market perform” rating to an “underperform” rating and lowered their price target for the company from $120.00 to $104.00 in a research report on Friday, December 6th. Evercore ISI upped their price objective on shares of Prologis from $124.00 to $128.00 and gave the company an “in-line” rating in a research note on Monday, September 16th. Truist Financial reduced their price objective on shares of Prologis from $137.00 to $132.00 and set a “buy” rating on the stock in a research note on Thursday, December 5th. Finally, Barclays upped their price objective on shares of Prologis from $131.00 to $132.00 and gave the company an “overweight” rating in a research note on Monday, November 18th. One equities 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 stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $129.06.

Prologis Trading Up 0.0 %

Shares of Prologis stock traded up $0.05 during trading hours on Monday, hitting $103.64. The company’s stock had a trading volume of 1,423,418 shares, compared to its average volume of 3,753,299. Prologis, Inc. has a 1-year low of $100.82 and a 1-year high of $135.76. The business has a fifty day moving average of $110.94 and a 200 day moving average of $118.50. 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.

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

Prologis Announces Dividend

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

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.