Nomura Holdings Inc. Buys 133,971 Shares of Prologis, Inc. (NYSE:PLD)

Nomura Holdings Inc. lifted its stake in Prologis, Inc. (NYSE:PLD) by 714.0% in the 4th quarter, HoldingsChannel reports. The fund owned 152,734 shares of the real estate investment trust’s stock after purchasing an additional 133,971 shares during the quarter. Nomura Holdings Inc.’s holdings in Prologis were worth $16,144,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the stock. Phoenix Financial Ltd. raised its position in shares of Prologis by 1.0% in the 4th quarter. Phoenix Financial Ltd. now owns 9,032 shares of the real estate investment trust’s stock worth $955,000 after acquiring an additional 86 shares in the last quarter. Principle Wealth Partners LLC grew its stake in Prologis by 2.9% during the 4th quarter. Principle Wealth Partners LLC now owns 3,302 shares of the real estate investment trust’s stock worth $349,000 after buying an additional 92 shares during the last quarter. Black Diamond Financial LLC grew its stake in Prologis by 2.2% during the 4th quarter. Black Diamond Financial LLC now owns 4,246 shares of the real estate investment trust’s stock worth $449,000 after buying an additional 93 shares during the last quarter. Berkshire Bank grew its stake in Prologis by 2.3% during the 4th quarter. Berkshire Bank now owns 4,195 shares of the real estate investment trust’s stock worth $443,000 after buying an additional 95 shares during the last quarter. Finally, CreativeOne Wealth LLC grew its stake in Prologis by 1.7% during the 4th quarter. CreativeOne Wealth LLC now owns 6,073 shares of the real estate investment trust’s stock worth $642,000 after buying an additional 100 shares during the last quarter. 93.50% of the stock is owned by institutional investors.

Prologis Stock Performance

Shares of PLD stock opened at $107.42 on Thursday. The business’s 50 day moving average is $105.21 and its two-hundred day moving average is $111.22. Prologis, Inc. has a 12-month low of $85.35 and a 12-month high of $132.57. The company has a market capitalization of $99.68 billion, a P/E ratio of 26.86, a P/E/G ratio of 2.70 and a beta of 1.25. The company has a current ratio of 0.75, a quick ratio of 0.43 and a debt-to-equity ratio of 0.53.

Prologis (NYSE:PLD) last announced its earnings results on Wednesday, April 16th. The real estate investment trust reported $1.42 EPS for the quarter, beating analysts’ consensus estimates of $1.38 by $0.04. Prologis had a return on equity of 6.44% and a net margin of 45.50%. The business had revenue of $1.99 billion during the quarter, compared to analysts’ expectations of $1.99 billion. Analysts expect that Prologis, Inc. will post 5.73 EPS for the current fiscal year.

Prologis Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Tuesday, June 17th will be issued a $1.01 dividend. The ex-dividend date of this dividend is Tuesday, June 17th. This represents a $4.04 annualized dividend and a dividend yield of 3.76%. Prologis’s dividend payout ratio is presently 101.00%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. CJS Securities dropped their target price on Prologis from $140.00 to $117.00 in a research note on Friday, April 11th. Robert W. Baird dropped their target price on Prologis from $126.00 to $120.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 7th. UBS Group boosted their price target on Prologis from $121.00 to $137.00 and gave the company a “buy” rating in a research note on Tuesday, January 28th. Raymond James reiterated a “market perform” rating on shares of Prologis in a research note on Monday, February 3rd. Finally, BMO Capital Markets dropped their price target on Prologis from $105.00 to $95.00 and set an “outperform” rating on the stock in a research note on Monday, April 14th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $121.84.

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.