Assenagon Asset Management S.A. Has $3.24 Million Position in Prologis, Inc. (NYSE:PLD)

Assenagon Asset Management S.A. raised its position in Prologis, Inc. (NYSE:PLD) by 1.5% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 28,970 shares of the real estate investment trust’s stock after purchasing an additional 430 shares during the period. Assenagon Asset Management S.A.’s holdings in Prologis were worth $3,239,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Aviva PLC increased its stake in Prologis by 36.6% in the fourth quarter. Aviva PLC now owns 695,187 shares of the real estate investment trust’s stock valued at $73,481,000 after purchasing an additional 186,187 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Prologis by 29.8% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 784,360 shares of the real estate investment trust’s stock valued at $82,907,000 after purchasing an additional 179,880 shares in the last quarter. Allstate Corp increased its stake in Prologis by 111.7% in the fourth quarter. Allstate Corp now owns 74,518 shares of the real estate investment trust’s stock valued at $7,877,000 after purchasing an additional 39,321 shares in the last quarter. First Citizens Bank & Trust Co. increased its stake in Prologis by 1,451.2% in the first quarter. First Citizens Bank & Trust Co. now owns 31,180 shares of the real estate investment trust’s stock valued at $3,486,000 after purchasing an additional 29,170 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA increased its stake in Prologis by 2.1% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 16,596,799 shares of the real estate investment trust’s stock valued at $1,754,282,000 after purchasing an additional 334,907 shares in the last quarter. Institutional investors own 93.50% of the company’s stock.

Prologis Stock Performance

Shares of PLD stock opened at $107.18 on Monday. The stock has a market cap of $99.45 billion, a P/E ratio of 26.79, a P/E/G ratio of 2.70 and a beta of 1.25. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.75 and a quick ratio of 0.43. The company has a fifty day moving average price of $104.61 and a two-hundred day moving average price of $110.06. Prologis, Inc. has a one year low of $85.35 and a one year high of $132.57.

Prologis (NYSE:PLD) last announced its quarterly earnings results on Wednesday, April 16th. The real estate investment trust reported $1.42 EPS for the quarter, beating analysts’ consensus estimates of $1.38 by $0.04. The firm had revenue of $1.99 billion during the quarter, compared to analysts’ expectations of $1.99 billion. Prologis had a net margin of 45.50% and a return on equity of 6.44%. As a group, equities analysts predict that Prologis, Inc. will post 5.73 EPS for the current year.

Prologis Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Tuesday, June 17th will be given a dividend of $1.01 per share. This represents a $4.04 dividend on an annualized basis and a yield of 3.77%. The ex-dividend date of this dividend is Tuesday, June 17th. Prologis’s dividend payout ratio is 101.00%.

Analyst Ratings Changes

PLD has been the subject of several recent analyst reports. Royal Bank of Canada lowered their target price on shares of Prologis from $128.00 to $117.00 and set a “sector perform” rating for the company in a research note on Tuesday, April 29th. CJS Securities lowered their price objective on shares of Prologis from $140.00 to $117.00 in a research report on Friday, April 11th. Robert W. Baird lowered their price objective on shares of Prologis from $126.00 to $120.00 and set an “outperform” rating for the company in a research report on Wednesday, May 7th. Wolfe Research downgraded shares of Prologis from an “outperform” rating to a “peer perform” rating in a research report on Monday, April 21st. Finally, Wells Fargo & Company lowered their price objective on shares of Prologis from $146.00 to $119.00 and set an “overweight” rating for the company in a research report on Monday, May 19th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, ten have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $120.42.

Prologis 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.