Aew Capital Management L P Sells 44,850 Shares of Prologis, Inc. $PLD

Aew Capital Management L P trimmed its stake in shares of Prologis, Inc. (NYSE:PLD) by 2.5% during the first quarter, HoldingsChannel reports. The fund owned 1,782,371 shares of the real estate investment trust’s stock after selling 44,850 shares during the period. Prologis comprises about 9.7% of Aew Capital Management L P’s investment portfolio, making the stock its 2nd largest position. Aew Capital Management L P’s holdings in Prologis were worth $199,251,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Vanguard Group Inc. raised its holdings in shares of Prologis by 0.7% during the first quarter. Vanguard Group Inc. now owns 121,339,410 shares of the real estate investment trust’s stock worth $13,564,533,000 after acquiring an additional 869,310 shares during the period. Northern Trust Corp raised its holdings in shares of Prologis by 54.6% during the fourth quarter. Northern Trust Corp now owns 13,855,339 shares of the real estate investment trust’s stock worth $1,464,509,000 after acquiring an additional 4,893,284 shares during the period. Nuveen LLC acquired a new stake in shares of Prologis during the first quarter worth $1,456,768,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Prologis by 5.0% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 10,648,872 shares of the real estate investment trust’s stock worth $1,125,586,000 after acquiring an additional 505,318 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Prologis by 0.9% during the first quarter. Charles Schwab Investment Management Inc. now owns 10,495,932 shares of the real estate investment trust’s stock worth $1,173,340,000 after acquiring an additional 93,201 shares during the period. 93.50% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. Robert W. Baird dropped their price objective on shares of Prologis from $126.00 to $120.00 and set an “outperform” rating on the stock in a report on Wednesday, May 7th. Wall Street Zen lowered shares of Prologis from a “hold” rating to a “sell” rating in a report on Saturday, June 14th. Mizuho set a $118.00 target price on shares of Prologis and gave the company an “outperform” rating in a research report on Tuesday. Wells Fargo & Company set a $137.00 target price on shares of Prologis and gave the company an “overweight” rating in a research report on Sunday, July 13th. Finally, UBS Group raised their target price on shares of Prologis from $106.00 to $120.00 and gave the company a “buy” rating in a research report on Tuesday, July 8th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $121.06.

Prologis Stock Up 3.5%

Prologis stock opened at $112.17 on Friday. The company has a market cap of $104.12 billion, a P/E ratio of 30.40, a price-to-earnings-growth ratio of 2.72 and a beta of 1.21. Prologis, Inc. has a 1-year low of $85.35 and a 1-year high of $132.57. The company has a fifty day simple moving average of $107.21 and a 200 day simple moving average of $108.83. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.61.

Prologis (NYSE:PLD) last released its quarterly earnings data on Wednesday, July 16th. The real estate investment trust reported $1.46 earnings per share for the quarter, topping the consensus estimate of $1.41 by $0.05. The company had revenue of $2.03 billion for the quarter, compared to analyst estimates of $2.03 billion. Prologis had a net margin of 40.29% and a return on equity of 5.96%. Prologis’s revenue for the quarter was up 8.8% compared to the same quarter last year. During the same period in the previous year, the business earned $1.34 EPS. Prologis has set its FY 2025 guidance at 5.750-5.800 EPS. Research analysts anticipate that Prologis, Inc. will post 5.73 earnings per share for the current fiscal year.

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.