Quantinno Capital Management LP Raises Stock Holdings in Prologis, Inc. (NYSE:PLD)

Quantinno Capital Management LP boosted its stake in Prologis, Inc. (NYSE:PLD) by 20.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 86,573 shares of the real estate investment trust’s stock after buying an additional 14,854 shares during the period. Quantinno Capital Management LP’s holdings in Prologis were worth $9,151,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Murphy & Mullick Capital Management Corp purchased a new stake in Prologis in the 4th quarter valued at about $26,000. Crowley Wealth Management Inc. purchased a new stake in Prologis in the 4th quarter valued at about $27,000. Centricity Wealth Management LLC purchased a new stake in Prologis in the 4th quarter valued at about $30,000. Promus Capital LLC purchased a new stake in Prologis in the 4th quarter valued at about $34,000. Finally, Whipplewood Advisors LLC purchased a new stake in Prologis during the fourth quarter worth about $34,000. 93.50% of the stock is currently owned by hedge funds and other institutional investors.

Prologis Price Performance

PLD stock opened at $109.09 on Friday. The company has a market capitalization of $101.23 billion, a P/E ratio of 27.27, a PEG ratio of 2.70 and a beta of 1.25. Prologis, Inc. has a twelve month low of $85.35 and a twelve month high of $132.57. The business has a 50 day simple moving average of $105.03 and a 200-day simple moving average of $111.16. 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 posted its quarterly earnings data on Wednesday, April 16th. The real estate investment trust reported $1.42 earnings per share for the quarter, beating the consensus estimate 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 the consensus estimate of $1.99 billion. As a group, equities analysts anticipate that Prologis, Inc. will post 5.73 EPS for the current 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 dividend of $1.01 per share. This represents a $4.04 annualized dividend and a dividend yield of 3.70%. The ex-dividend date is Tuesday, June 17th. Prologis’s dividend payout ratio is presently 101.00%.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on PLD shares. Raymond James reiterated a “market perform” rating on shares of Prologis in a research note on Monday, February 3rd. Morgan Stanley cut their price target on shares of Prologis to $120.00 and set an “outperform” rating on the stock in a research note on Monday, April 14th. Barclays cut their price target on shares of Prologis from $132.00 to $119.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 30th. BMO Capital Markets cut their price target on shares of Prologis from $105.00 to $95.00 and set an “outperform” rating on the stock in a research note on Monday, April 14th. Finally, Evercore ISI cut their target price on shares of Prologis from $111.00 to $106.00 and set an “in-line” rating on the stock in a research note on Thursday, April 17th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, ten have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, Prologis currently has a consensus rating of “Moderate Buy” and an average target price of $121.84.

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.