Mufg Securities Americas Inc. Acquires Shares of 13,672 Prologis, Inc. (NYSE:PLD)

Mufg Securities Americas Inc. acquired a new stake in shares of Prologis, Inc. (NYSE:PLD - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 13,672 shares of the real estate investment trust's stock, valued at approximately $1,445,000.

A number of other institutional investors have also recently bought and sold shares of the company. Murphy & Mullick Capital Management Corp bought a new stake in Prologis during the 4th quarter valued at approximately $26,000. Crowley Wealth Management Inc. bought a new position in Prologis during the fourth quarter worth $27,000. Centricity Wealth Management LLC acquired a new position in Prologis during the 4th quarter valued at $30,000. Whipplewood Advisors LLC bought a new stake in Prologis in the 4th quarter valued at $34,000. Finally, Promus Capital LLC bought a new stake in Prologis in the 4th quarter valued at $34,000. Institutional investors and hedge funds own 93.50% of the company's stock.

Prologis Stock Up 1.2%

NYSE:PLD traded up $1.33 during trading hours on Friday, hitting $110.56. 2,768,361 shares of the company traded hands, compared to its average volume of 4,196,572. The company has a quick ratio of 0.43, a current ratio of 0.75 and a debt-to-equity ratio of 0.53. The firm's 50-day simple moving average is $104.90 and its 200-day simple moving average is $111.12. Prologis, Inc. has a one year low of $85.35 and a one year high of $132.57. The company has a market cap of $102.59 billion, a PE ratio of 27.64, a PEG ratio of 2.70 and a beta of 1.25.

Prologis (NYSE:PLD - Get Free Report) 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, beating 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 business had revenue of $1.99 billion for the quarter, compared to analysts' expectations of $1.99 billion. Equities analysts predict that Prologis, Inc. will post 5.73 earnings per share for the current year.

Prologis Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Tuesday, June 17th will be issued a dividend of $1.01 per share. This represents a $4.04 annualized dividend and a dividend yield of 3.65%. The ex-dividend date is Tuesday, June 17th. Prologis's payout ratio is 101.00%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on PLD shares. Wolfe Research cut Prologis from an "outperform" rating to a "peer perform" rating in a research report on Monday, April 21st. Robert W. Baird lowered their price target on shares of Prologis from $126.00 to $120.00 and set an "outperform" rating on the stock in a report on Wednesday, May 7th. Truist Financial reduced their price objective on shares of Prologis from $123.00 to $120.00 and set a "buy" rating for the company in a report on Monday, May 5th. Raymond James reissued a "market perform" rating on shares of Prologis in a research note on Monday, February 3rd. Finally, BTIG Research dropped their price target on shares of Prologis from $154.00 to $134.00 and set a "buy" rating for the company in a research report on Friday, January 17th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $121.84.

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.