Dupont Capital Management Corp Has $12.30 Million Stock Holdings in Prologis, Inc. (NYSE:PLD)

Dupont Capital Management Corp lifted its position in shares of Prologis, Inc. (NYSE:PLD) by 12.3% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 97,360 shares of the real estate investment trust’s stock after buying an additional 10,629 shares during the quarter. Prologis comprises 1.0% of Dupont Capital Management Corp’s holdings, making the stock its 25th biggest position. Dupont Capital Management Corp’s holdings in Prologis were worth $12,295,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Semmax Financial Advisors Inc. acquired a new stake in shares of Prologis in the second quarter valued at approximately $27,000. American Capital Advisory LLC bought a new stake in shares of Prologis during the 2nd quarter valued at $26,000. Central Valley Advisors LLC acquired a new stake in shares of Prologis during the 2nd quarter worth $29,000. Sunbelt Securities Inc. increased its position in shares of Prologis by 640.0% in the second quarter. Sunbelt Securities Inc. now owns 259 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 224 shares during the period. Finally, Wetzel Investment Advisors Inc. acquired a new position in Prologis in the second quarter valued at about $31,000. Institutional investors own 93.50% of the company’s stock.

Prologis Price Performance

Shares of NYSE PLD opened at $118.94 on Wednesday. The company has a market capitalization of $110.12 billion, a PE ratio of 34.78, a PEG ratio of 3.05 and a beta of 1.07. Prologis, Inc. has a twelve month low of $96.64 and a twelve month high of $137.52. 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 stock’s 50 day moving average price is $125.31 and its 200-day moving average price is $117.51.

Prologis (NYSE:PLD) last posted its quarterly earnings results on Wednesday, October 16th. The real estate investment trust reported $1.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.37 by ($0.29). The business had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.91 billion. Prologis had a net margin of 36.37% and a return on equity of 4.88%. The business’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same period last year, the firm earned $1.30 EPS. On average, equities analysts anticipate that Prologis, Inc. will post 5.42 EPS for the current year.

Prologis Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 16th were given a dividend of $0.96 per share. This represents a $3.84 annualized dividend and a dividend yield of 3.23%. The ex-dividend date was Monday, September 16th. Prologis’s dividend payout ratio (DPR) is currently 112.28%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Royal Bank of Canada lowered shares of Prologis from an “outperform” rating to a “sector perform” rating and raised their target price for the company from $124.00 to $127.00 in a report on Monday, August 5th. Wells Fargo & Company boosted their price objective on shares of Prologis from $142.00 to $146.00 and gave the company an “overweight” rating in a research report on Wednesday, August 28th. Truist Financial lifted their price target on Prologis from $125.00 to $137.00 and gave the company a “buy” rating in a research note on Monday, August 5th. Scotiabank raised their price objective on Prologis from $135.00 to $142.00 and gave the company a “sector outperform” rating in a research note on Monday, August 26th. Finally, JPMorgan Chase & Co. decreased their target price on Prologis from $138.00 to $131.00 and set an “overweight” rating on the stock in a research report on Monday. Eight investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $131.47.

Insider Buying and Selling at Prologis

In other news, CIO Joseph Ghazal sold 5,200 shares of Prologis stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $129.07, for a total value of $671,164.00. Following the transaction, the executive now owns 13,187 shares in the company, valued at approximately $1,702,046.09. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company 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.