16,897 Shares in Prologis, Inc. (NYSE:PLD) Acquired by Hunter Perkins Capital Management LLC

Hunter Perkins Capital Management LLC acquired a new stake in Prologis, Inc. (NYSE:PLD - Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 16,897 shares of the real estate investment trust's stock, valued at approximately $1,889,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Transcend Capital Advisors LLC increased its holdings in Prologis by 4.9% in the first quarter. Transcend Capital Advisors LLC now owns 7,573 shares of the real estate investment trust's stock valued at $847,000 after buying an additional 352 shares during the last quarter. Trust Co. of Vermont boosted its position in shares of Prologis by 38.2% during the 1st quarter. Trust Co. of Vermont now owns 40,230 shares of the real estate investment trust's stock worth $4,497,000 after acquiring an additional 11,111 shares in the last quarter. Park Place Capital Corp increased its holdings in shares of Prologis by 18.7% in the 1st quarter. Park Place Capital Corp now owns 6,122 shares of the real estate investment trust's stock valued at $684,000 after acquiring an additional 966 shares during the last quarter. Perpetual Ltd increased its holdings in shares of Prologis by 22.5% in the 1st quarter. Perpetual Ltd now owns 353,835 shares of the real estate investment trust's stock valued at $39,555,000 after acquiring an additional 65,035 shares during the last quarter. Finally, PDS Planning Inc raised its position in shares of Prologis by 10.1% during the 1st quarter. PDS Planning Inc now owns 5,251 shares of the real estate investment trust's stock worth $587,000 after acquiring an additional 483 shares in the last quarter. 93.50% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on PLD. CJS Securities lowered their price target on Prologis from $140.00 to $117.00 in a report on Friday, April 11th. Truist Financial dropped their target price on shares of Prologis from $123.00 to $120.00 and set a "buy" rating on the stock in a research report on Monday, May 5th. Barclays reduced their price target on shares of Prologis from $132.00 to $119.00 and set an "overweight" rating for the company in a research report on Wednesday, April 30th. Morgan Stanley cut their target price on Prologis to $120.00 and set an "outperform" rating on the stock in a research report on Monday, April 14th. Finally, Wolfe Research cut Prologis from an "outperform" rating to a "peer perform" rating in a research report on Monday, April 21st. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating, ten have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $120.42.

Prologis Trading Down 0.3%

Shares of PLD opened at $104.45 on Friday. Prologis, Inc. has a twelve month low of $85.35 and a twelve month high of $132.57. The company has a current ratio of 0.41, a quick ratio of 0.41 and a debt-to-equity ratio of 0.56. The firm has a market capitalization of $96.93 billion, a P/E ratio of 26.11, a PEG ratio of 2.66 and a beta of 1.25. The firm's 50-day moving average is $106.14 and its two-hundred day moving average is $109.55.

Prologis (NYSE:PLD - Get Free Report) last released its quarterly earnings data on Wednesday, April 16th. The real estate investment trust reported $1.42 EPS for the quarter, topping the consensus estimate of $1.38 by $0.04. Prologis had a net margin of 44.59% and a return on equity of 6.45%. The business had revenue of $1.99 billion for the quarter, compared to analyst estimates of $1.99 billion. On average, research analysts predict that Prologis, Inc. will post 5.73 earnings per share for the current fiscal year.

Prologis Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Tuesday, June 17th will be paid a dividend of $1.01 per share. This represents a $4.04 dividend on an annualized basis and a dividend yield of 3.87%. The ex-dividend date of this dividend is Tuesday, June 17th. Prologis's payout ratio is currently 101.00%.

Prologis 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.

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