Quadrature Capital Ltd Acquires New Holdings in Prologis, Inc. $PLD

Quadrature Capital Ltd bought a new position in shares of Prologis, Inc. (NYSE:PLD) in the second quarter, Holdings Channel reports. The firm bought 4,472 shares of the real estate investment trust’s stock, valued at approximately $470,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Brighton Jones LLC grew its stake in Prologis by 629.0% in the 4th quarter. Brighton Jones LLC now owns 17,475 shares of the real estate investment trust’s stock valued at $1,847,000 after buying an additional 15,078 shares during the last quarter. Jefferies Financial Group Inc. lifted its position in Prologis by 46.2% during the 1st quarter. Jefferies Financial Group Inc. now owns 4,682 shares of the real estate investment trust’s stock worth $523,000 after acquiring an additional 1,480 shares during the last quarter. Moors & Cabot Inc. boosted its holdings in Prologis by 7.6% during the first quarter. Moors & Cabot Inc. now owns 2,304 shares of the real estate investment trust’s stock valued at $258,000 after acquiring an additional 163 shares during the period. Banco Santander S.A. boosted its holdings in Prologis by 12.0% during the first quarter. Banco Santander S.A. now owns 5,245 shares of the real estate investment trust’s stock valued at $586,000 after acquiring an additional 562 shares during the period. Finally, Blair William & Co. IL grew its position in shares of Prologis by 6.3% in the first quarter. Blair William & Co. IL now owns 26,941 shares of the real estate investment trust’s stock valued at $3,012,000 after purchasing an additional 1,593 shares during the last quarter. Institutional investors and hedge funds own 93.50% of the company’s stock.

Prologis Stock Down 0.1%

Shares of PLD stock opened at $128.83 on Wednesday. Prologis, Inc. has a one year low of $85.35 and a one year high of $129.87. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.64 and a quick ratio of 0.65. The stock has a fifty day moving average price of $122.14 and a 200 day moving average price of $113.48. The stock has a market cap of $119.66 billion, a P/E ratio of 37.56, a price-to-earnings-growth ratio of 3.13 and a beta of 1.29.

Prologis (NYSE:PLD) last announced its quarterly earnings results on Wednesday, October 15th. The real estate investment trust reported $1.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.44 by $0.05. The firm had revenue of $2.21 billion for the quarter, compared to analyst estimates of $2.03 billion. Prologis had a net margin of 36.71% and a return on equity of 5.55%. The business’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.43 EPS. Prologis has set its FY 2025 guidance at 5.780-5.810 EPS. Analysts predict that Prologis, Inc. will post 5.73 earnings per share for the current year.

Wall Street Analysts Forecast Growth

PLD has been the subject of several research analyst reports. Mizuho set a $118.00 price objective on Prologis and gave the stock an “outperform” rating in a research report on Tuesday, August 19th. Evercore ISI upped their price target on Prologis from $113.00 to $116.00 and gave the stock an “in-line” rating in a report on Thursday, October 16th. Bank of America raised Prologis from a “neutral” rating to a “buy” rating and increased their price objective for the company from $118.00 to $130.00 in a research report on Tuesday, September 16th. UBS Group set a $133.00 target price on shares of Prologis in a research report on Monday, November 10th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Prologis in a research note on Monday. Two research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $125.39.

Insiders Place Their Bets

In other Prologis news, Director Cristina Gabriela Bita sold 621 shares of Prologis stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $127.60, for a total transaction of $79,239.60. Following the sale, the director directly owned 8,208 shares of the company’s stock, valued at approximately $1,047,340.80. The trade was a 7.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders have sold a total of 1,621 shares of company stock valued at $198,655 over the last quarter. Insiders own 0.57% of the company’s stock.

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.