390,880 Shares in Prologis, Inc. $PLD Purchased by Moore Capital Management LP

Moore Capital Management LP acquired a new position in Prologis, Inc. (NYSE:PLD) in the 4th quarter, HoldingsChannel reports. The fund acquired 390,880 shares of the real estate investment trust’s stock, valued at approximately $49,900,000. Prologis comprises about 0.7% of Moore Capital Management LP’s investment portfolio, making the stock its 16th largest holding.

Several other large investors also recently added to or reduced their stakes in PLD. Vanguard Group Inc. grew its holdings in Prologis by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 123,323,290 shares of the real estate investment trust’s stock valued at $15,743,451,000 after buying an additional 1,258,407 shares in the last quarter. Geode Capital Management LLC grew its holdings in Prologis by 1.5% during the 4th quarter. Geode Capital Management LLC now owns 23,012,940 shares of the real estate investment trust’s stock valued at $2,925,791,000 after buying an additional 339,906 shares in the last quarter. Capital Research Global Investors grew its holdings in Prologis by 4.4% during the 4th quarter. Capital Research Global Investors now owns 16,061,390 shares of the real estate investment trust’s stock valued at $2,050,397,000 after buying an additional 678,363 shares in the last quarter. Norges Bank purchased a new position in Prologis during the 4th quarter valued at about $1,589,125,000. Finally, Charles Schwab Investment Management Inc. grew its holdings in Prologis by 4.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 11,639,644 shares of the real estate investment trust’s stock valued at $1,485,917,000 after buying an additional 516,765 shares in the last quarter. Hedge funds and other institutional investors own 93.50% of the company’s stock.

Analyst Ratings Changes

PLD has been the subject of a number of recent analyst reports. Robert W. Baird lifted their target price on Prologis from $133.00 to $136.00 and gave the company a “neutral” rating in a report on Friday, April 17th. Royal Bank Of Canada lifted their target price on Prologis from $135.00 to $148.00 and gave the company a “sector perform” rating in a report on Tuesday, April 28th. Argus lifted their target price on Prologis from $135.00 to $152.00 and gave the company a “buy” rating in a report on Friday, April 17th. UBS Group lifted their target price on Prologis from $148.00 to $161.00 and gave the company a “buy” rating in a report on Friday, April 17th. Finally, DA Davidson lifted their target price on Prologis from $140.00 to $160.00 and gave the company a “buy” rating in a report on Tuesday, April 21st. Fifteen equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat, Prologis presently has a consensus rating of “Moderate Buy” and a consensus target price of $151.86.

Insiders Place Their Bets

In related news, CFO Timothy D. Arndt sold 3,597 shares of the business’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $150.00, for a total value of $539,550.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.52% of the stock is owned by insiders.

Prologis Stock Down 3.6%

Shares of NYSE PLD opened at $140.83 on Thursday. Prologis, Inc. has a 12 month low of $103.41 and a 12 month high of $150.18. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.60. The firm has a market capitalization of $131.30 billion, a price-to-earnings ratio of 35.47, a PEG ratio of 3.21 and a beta of 1.32. The business has a 50-day moving average of $142.69 and a 200-day moving average of $135.94.

Prologis (NYSE:PLD) last issued its quarterly earnings data on Thursday, April 16th. The real estate investment trust reported $1.05 EPS for the quarter, topping the consensus estimate of $0.81 by $0.24. Prologis had a return on equity of 6.47% and a net margin of 41.54%.The company had revenue of $2.30 billion during the quarter, compared to analyst estimates of $2.12 billion. During the same quarter in the previous year, the firm earned $1.43 earnings per share. Prologis’s revenue was up 6.9% on a year-over-year basis. Prologis has set its FY 2026 guidance at 6.070-6.230 EPS. Sell-side analysts expect that Prologis, Inc. will post 6.18 earnings per share for the current fiscal year.

Prologis Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 16th will be given a $1.07 dividend. The ex-dividend date is Tuesday, June 16th. This represents a $4.28 dividend on an annualized basis and a yield of 3.0%. Prologis’s payout ratio is presently 107.81%.

About Prologis

Prologis, Inc is a real estate investment trust (REIT) specializing in logistics and distribution facilities. The company focuses on acquiring, developing, and managing high-quality industrial real estate assets that support supply chain infrastructure for third-party logistics providers, e-commerce businesses, retailers and manufacturers. Its portfolio primarily consists of warehouse and distribution centers designed to optimize goods movement and storage near key transportation hubs.

With a global presence, Prologis serves customers across the Americas, Europe and Asia Pacific.