Candriam S.C.A. Decreases Stake in Prologis, Inc. $PLD

Candriam S.C.A. reduced its holdings in Prologis, Inc. (NYSE:PLD) by 4.1% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 109,915 shares of the real estate investment trust’s stock after selling 4,681 shares during the period. Candriam S.C.A.’s holdings in Prologis were worth $12,287,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Capital Analysts LLC lifted its stake in shares of Prologis by 5.9% in the first quarter. Capital Analysts LLC now owns 34,873 shares of the real estate investment trust’s stock worth $3,898,000 after buying an additional 1,934 shares in the last quarter. Level Four Advisory Services LLC lifted its stake in shares of Prologis by 13.9% in the first quarter. Level Four Advisory Services LLC now owns 56,081 shares of the real estate investment trust’s stock worth $6,269,000 after buying an additional 6,834 shares in the last quarter. Bowen Hanes & Co. Inc. lifted its stake in shares of Prologis by 0.8% in the first quarter. Bowen Hanes & Co. Inc. now owns 238,570 shares of the real estate investment trust’s stock worth $26,670,000 after buying an additional 2,000 shares in the last quarter. Credit Agricole S A lifted its stake in shares of Prologis by 2.2% in the first quarter. Credit Agricole S A now owns 347,439 shares of the real estate investment trust’s stock worth $38,840,000 after buying an additional 7,536 shares in the last quarter. Finally, Banco Bilbao Vizcaya Argentaria S.A. lifted its stake in shares of Prologis by 24.9% in the first quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 63,758 shares of the real estate investment trust’s stock worth $7,124,000 after buying an additional 12,717 shares in the last quarter. 93.50% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

PLD has been the topic of several research reports. Robert W. Baird decreased their price target on shares of Prologis from $126.00 to $120.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 7th. Mizuho set a $118.00 target price on shares of Prologis and gave the stock an “outperform” rating in a research note on Tuesday. Wells Fargo & Company set a $137.00 target price on shares of Prologis and gave the stock an “overweight” rating in a research note on Sunday, July 13th. Citigroup reduced their target price on shares of Prologis from $150.00 to $140.00 and set a “buy” rating on the stock in a research note on Wednesday, July 23rd. Finally, UBS Group lifted their target price on shares of Prologis from $106.00 to $120.00 and gave the stock a “buy” rating in a research note on Tuesday, July 8th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Prologis has a consensus rating of “Moderate Buy” and a consensus price target of $121.06.

Prologis Price Performance

Prologis stock opened at $108.2390 on Friday. The company’s 50 day simple moving average is $107.11 and its 200-day simple moving average is $108.88. The company has a market capitalization of $100.47 billion, a price-to-earnings ratio of 29.33, a price-to-earnings-growth ratio of 2.76 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 debt-to-equity ratio of 0.61, a quick ratio of 0.65 and a current ratio of 0.65.

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

About Prologis

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.