Prologis, Inc. $PLD Shares Bought by Cbre Investment Management Listed Real Assets LLC

Cbre Investment Management Listed Real Assets LLC raised its holdings in Prologis, Inc. (NYSE:PLD) by 39.4% in the 1st quarter, HoldingsChannel reports. The fund owned 1,794,897 shares of the real estate investment trust’s stock after acquiring an additional 507,421 shares during the period. Prologis makes up 3.1% of Cbre Investment Management Listed Real Assets LLC’s investment portfolio, making the stock its 5th largest position. Cbre Investment Management Listed Real Assets LLC’s holdings in Prologis were worth $200,652,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in PLD. REAP Financial Group LLC increased its holdings in shares of Prologis by 40.0% during the 4th quarter. REAP Financial Group LLC now owns 294 shares of the real estate investment trust’s stock worth $31,000 after buying an additional 84 shares during the last quarter. Pandora Wealth Inc. acquired a new stake in shares of Prologis during the 1st quarter worth $34,000. GKV Capital Management Co. Inc. acquired a new stake in shares of Prologis during the 1st quarter worth $34,000. Olde Wealth Management LLC acquired a new stake in shares of Prologis during the 1st quarter worth $43,000. Finally, Cornerstone Planning Group LLC increased its holdings in shares of Prologis by 63.6% during the 1st quarter. Cornerstone Planning Group LLC now owns 391 shares of the real estate investment trust’s stock worth $44,000 after buying an additional 152 shares during the last quarter. 93.50% of the stock is owned by hedge funds and other institutional investors.

Prologis Stock Up 3.5%

Shares of Prologis stock opened at $112.17 on Friday. The business has a 50-day moving average of $107.21 and a 200-day moving average of $108.83. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.65 and a quick ratio of 0.65. The company has a market capitalization of $104.12 billion, a PE ratio of 30.40, a P/E/G 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.

Prologis (NYSE:PLD) last announced its earnings results on Wednesday, July 16th. The real estate investment trust reported $1.46 earnings per share for the quarter, beating the consensus estimate of $1.41 by $0.05. The company had revenue of $2.03 billion during the quarter, compared to the consensus estimate of $2.03 billion. Prologis had a return on equity of 5.96% and a net margin of 40.29%.The company’s revenue was up 8.8% on a year-over-year basis. During the same period last year, the firm earned $1.34 earnings per share. Prologis has set its FY 2025 guidance at 5.750-5.800 EPS. As a group, equities analysts forecast that Prologis, Inc. will post 5.73 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on PLD. Wall Street Zen downgraded Prologis from a “hold” rating to a “sell” rating in a report on Saturday, June 14th. Barclays lowered their price target on Prologis from $132.00 to $119.00 and set an “overweight” rating for the company in a report on Wednesday, April 30th. Mizuho set a $118.00 price target on Prologis and gave the company an “outperform” rating in a report on Tuesday. Scotiabank increased their price target on Prologis from $97.00 to $100.00 and gave the company a “sector underperform” rating in a report on Monday, May 12th. Finally, Wells Fargo & Company set a $137.00 price target on Prologis and gave the company an “overweight” rating in a report on Sunday, July 13th. 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 company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $121.06.

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.