Anomaly Capital Management LP Has $97.97 Million Stock Holdings in Prologis, Inc. (NYSE:PLD)

Anomaly Capital Management LP reduced its holdings in Prologis, Inc. (NYSE:PLD) by 1.9% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 926,883 shares of the real estate investment trust’s stock after selling 18,230 shares during the period. Prologis accounts for approximately 2.9% of Anomaly Capital Management LP’s portfolio, making the stock its 12th largest position. Anomaly Capital Management LP’s holdings in Prologis were worth $97,972,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Murphy & Mullick Capital Management Corp acquired a new position in Prologis during the 4th quarter valued at $26,000. Crowley Wealth Management Inc. acquired a new position in shares of Prologis during the fourth quarter valued at about $27,000. Centricity Wealth Management LLC bought a new stake in shares of Prologis in the fourth quarter valued at about $30,000. Promus Capital LLC bought a new position in Prologis during the fourth quarter valued at about $34,000. Finally, Whipplewood Advisors LLC acquired a new position in Prologis in the 4th quarter valued at approximately $34,000. 93.50% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Prologis

In other Prologis news, CIO Joseph Ghazal sold 10,997 shares of the stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $118.74, for a total transaction of $1,305,783.78. Following the transaction, the executive now owns 7,977 shares in the company, valued at $947,188.98. This represents a 57.96 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.57% of the stock is currently owned by corporate insiders.

Prologis Stock Down 3.3 %

NYSE:PLD opened at $98.68 on Tuesday. The stock has a 50-day simple moving average of $111.02 and a 200 day simple moving average of $112.96. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.43 and a current ratio of 0.75. The company has a market cap of $91.47 billion, a PE ratio of 24.67, a PEG ratio of 2.70 and a beta of 1.20. Prologis, Inc. has a 52-week low of $85.35 and a 52-week high of $132.57.

Prologis (NYSE:PLD) last announced its quarterly earnings data on Wednesday, April 16th. The real estate investment trust reported $1.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.38 by $0.04. Prologis had a return on equity of 6.44% and a net margin of 45.50%. The company had revenue of $1.99 billion for the quarter, compared to analysts’ expectations of $1.99 billion. On average, sell-side analysts expect that Prologis, Inc. will post 5.73 EPS for the current fiscal year.

Prologis Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Tuesday, March 18th were given a $1.01 dividend. The ex-dividend date of this dividend was Tuesday, March 18th. This is a positive change from Prologis’s previous quarterly dividend of $0.96. This represents a $4.04 annualized dividend and a dividend yield of 4.09%. Prologis’s dividend payout ratio is presently 101.00%.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. BTIG Research decreased their price objective on Prologis from $154.00 to $134.00 and set a “buy” rating on the stock in a report on Friday, January 17th. Baird R W raised shares of Prologis from a “hold” rating to a “strong-buy” rating in a report on Monday, January 6th. Evercore ISI lowered their target price on shares of Prologis from $111.00 to $106.00 and set an “in-line” rating on the stock in a research note on Thursday, April 17th. BNP Paribas upgraded shares of Prologis to a “strong-buy” rating in a research note on Wednesday, January 22nd. Finally, Royal Bank of Canada boosted their price objective on shares of Prologis from $125.00 to $128.00 and gave the stock a “sector perform” rating in a research report on Monday, January 27th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $123.32.

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.