Prologis, Inc. (NYSE:PLD) is Liberty Mutual Group Asset Management Inc.’s 8th Largest Position

Liberty Mutual Group Asset Management Inc. lifted its holdings in shares of Prologis, Inc. (NYSE:PLD) by 2.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 85,277 shares of the real estate investment trust’s stock after buying an additional 2,104 shares during the period. Prologis comprises 1.4% of Liberty Mutual Group Asset Management Inc.’s investment portfolio, making the stock its 8th biggest holding. Liberty Mutual Group Asset Management Inc.’s holdings in Prologis were worth $9,577,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Optimum Investment Advisors purchased a new stake in shares of Prologis in the 1st quarter worth about $26,000. American Capital Advisory LLC acquired a new stake in shares of Prologis in the second quarter valued at approximately $26,000. True Wealth Design LLC acquired a new position in shares of Prologis during the 4th quarter worth approximately $27,000. Semmax Financial Advisors Inc. purchased a new stake in Prologis in the 2nd quarter valued at approximately $27,000. Finally, Central Valley Advisors LLC purchased a new position in Prologis during the second quarter worth $29,000. Institutional investors and hedge funds own 93.50% of the company’s stock.

Prologis Stock Performance

Shares of PLD opened at $125.24 on Friday. The firm has a market cap of $115.96 billion, a price-to-earnings ratio of 36.62, a PEG ratio of 3.25 and a beta of 1.07. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 0.52. The business’s 50 day moving average is $125.79 and its two-hundred day moving average is $118.54. Prologis, Inc. has a 52-week low of $96.64 and a 52-week high of $137.52.

Prologis (NYSE:PLD) last issued its quarterly earnings results on Wednesday, July 17th. The real estate investment trust reported $0.92 earnings per share for the quarter, missing analysts’ consensus estimates of $1.33 by ($0.41). Prologis had a net margin of 36.37% and a return on equity of 4.88%. The firm had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $1.86 billion. During the same quarter last year, the firm posted $1.83 earnings per share. Prologis’s revenue was down 18.1% compared to the same quarter last year. Analysts forecast that Prologis, Inc. will post 5.42 EPS for the current fiscal year.

Prologis Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Monday, September 16th will be issued a dividend of $0.96 per share. This represents a $3.84 annualized dividend and a dividend yield of 3.07%. The ex-dividend date of this dividend is Monday, September 16th. Prologis’s dividend payout ratio (DPR) is presently 112.28%.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Morgan Stanley lifted their price objective on Prologis from $132.00 to $133.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 14th. BMO Capital Markets reissued a “market perform” rating and set a $115.00 price objective on shares of Prologis in a research note on Monday, July 15th. Argus lifted their price objective on Prologis from $120.00 to $135.00 and gave the company a “buy” rating in a research report on Tuesday, July 23rd. Barclays increased their price target on shares of Prologis from $123.00 to $142.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 30th. Finally, Scotiabank boosted their price objective on shares of Prologis from $135.00 to $142.00 and gave the company a “sector outperform” rating in a research note on Monday, August 26th. Seven equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $133.35.

Insider Transactions at Prologis

In other news, CIO Joseph Ghazal sold 5,200 shares of the business’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $129.07, for a total transaction of $671,164.00. Following the completion of the transaction, the executive now owns 13,187 shares of the company’s stock, valued at $1,702,046.09. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 0.50% of the company’s stock.

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.