Transatlantique Private Wealth LLC Has $565,000 Stock Position in Prologis, Inc. (NYSE:PLD)

Transatlantique Private Wealth LLC lessened its holdings in Prologis, Inc. (NYSE:PLD) by 16.6% during the fourth quarter, HoldingsChannel reports. The fund owned 5,348 shares of the real estate investment trust’s stock after selling 1,066 shares during the quarter. Transatlantique Private Wealth LLC’s holdings in Prologis were worth $565,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Mirabella Financial Services LLP purchased a new position in shares of Prologis during the fourth quarter valued at approximately $1,365,000. MYDA Advisors LLC boosted its holdings in Prologis by 98.5% during the 4th quarter. MYDA Advisors LLC now owns 138,933 shares of the real estate investment trust’s stock worth $14,685,000 after acquiring an additional 68,933 shares during the last quarter. MetLife Investment Management LLC boosted its holdings in Prologis by 1.3% during the fourth quarter. MetLife Investment Management LLC now owns 272,299 shares of the real estate investment trust’s stock worth $28,782,000 after purchasing an additional 3,468 shares during the last quarter. Natixis grew its position in Prologis by 3.8% in the 4th quarter. Natixis now owns 589,347 shares of the real estate investment trust’s stock worth $62,294,000 after purchasing an additional 21,348 shares in the last quarter. Finally, Norinchukin Bank The increased its stake in Prologis by 4.0% in the 4th quarter. Norinchukin Bank The now owns 83,876 shares of the real estate investment trust’s stock valued at $8,866,000 after buying an additional 3,228 shares during the last quarter. Institutional investors own 93.50% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Mizuho reduced their target price on Prologis from $117.00 to $105.00 and set a “neutral” rating for the company in a report on Friday, April 11th. BNP Paribas raised Prologis to a “strong-buy” rating in a research report on Wednesday, January 22nd. BTIG Research cut their price target on shares of Prologis from $154.00 to $134.00 and set a “buy” rating on the stock in a report on Friday, January 17th. Morgan Stanley decreased their price objective on shares of Prologis to $120.00 and set an “outperform” rating for the company in a report on Monday, April 14th. Finally, Scotiabank reiterated a “sector underperform” rating and issued a $97.00 target price (down from $133.00) on shares of Prologis in a research note on Monday, April 7th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $123.32.

Prologis Trading Up 1.6 %

Prologis stock opened at $101.89 on Friday. The stock has a market cap of $94.45 billion, a P/E ratio of 25.47, a PEG ratio of 2.70 and a beta of 1.20. Prologis, Inc. has a fifty-two week low of $85.35 and a fifty-two week high of $132.57. The firm’s fifty day moving average price is $111.44 and its 200-day moving average price is $113.19. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.43 and a current ratio of 0.75.

Prologis (NYSE:PLD) last issued its quarterly earnings results on Wednesday, April 16th. The real estate investment trust reported $1.42 earnings per share (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 firm had revenue of $1.99 billion during the quarter, compared to the consensus estimate of $1.99 billion. Equities research analysts forecast that Prologis, Inc. will post 5.73 earnings per share for the current fiscal year.

Prologis Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Tuesday, March 18th were given a $1.01 dividend. The ex-dividend date was Tuesday, March 18th. This is a positive change from Prologis’s previous quarterly dividend of $0.96. This represents a $4.04 annualized dividend and a yield of 3.96%. Prologis’s payout ratio is 101.00%.

Insider Activity at Prologis

In other news, CIO Joseph Ghazal sold 10,997 shares of the company’s stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $118.74, for a total value of $1,305,783.78. Following the completion of the transaction, the executive now directly owns 7,977 shares in the company, valued at approximately $947,188.98. This represents a 57.96 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.57% of the stock is owned by insiders.

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.