Free Trial

Sovran Advisors LLC Makes New $247,000 Investment in Prologis, Inc. (NYSE:PLD)

Prologis logo with Finance background

Sovran Advisors LLC acquired a new position in shares of Prologis, Inc. (NYSE:PLD - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 2,416 shares of the real estate investment trust's stock, valued at approximately $247,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Brighton Jones LLC grew its position in Prologis by 629.0% in the 4th quarter. Brighton Jones LLC now owns 17,475 shares of the real estate investment trust's stock valued at $1,847,000 after buying an additional 15,078 shares during the last quarter. Proficio Capital Partners LLC lifted its holdings in Prologis by 18,374.0% in the fourth quarter. Proficio Capital Partners LLC now owns 346,388 shares of the real estate investment trust's stock valued at $346,000 after acquiring an additional 344,513 shares during the period. SVB Wealth LLC acquired a new stake in Prologis in the fourth quarter valued at $937,000. SRS Capital Advisors Inc. lifted its holdings in Prologis by 38.2% in the fourth quarter. SRS Capital Advisors Inc. now owns 3,034 shares of the real estate investment trust's stock valued at $321,000 after acquiring an additional 839 shares during the period. Finally, Jones Financial Companies Lllp lifted its holdings in Prologis by 44.8% in the fourth quarter. Jones Financial Companies Lllp now owns 97,230 shares of the real estate investment trust's stock valued at $10,277,000 after acquiring an additional 30,070 shares during the period. Institutional investors and hedge funds own 93.50% of the company's stock.

Prologis Trading Down 0.3%

PLD traded down $0.28 during midday trading on Friday, hitting $108.03. The company's stock had a trading volume of 1,549,648 shares, compared to its average volume of 4,162,745. 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 cap of $100.24 billion, a P/E ratio of 27.01, a PEG ratio of 2.74 and a beta of 1.23. The firm has a 50-day moving average price of $106.82 and a two-hundred day moving average price of $109.39. Prologis, Inc. has a 52-week low of $85.35 and a 52-week high of $132.57.

Prologis (NYSE:PLD - Get Free Report) last issued its earnings results 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 6.45% and a net margin of 44.59%. The business had revenue of $1.99 billion during the quarter, compared to analysts' expectations of $1.99 billion. On average, research analysts anticipate that Prologis, Inc. will post 5.73 earnings per share for the current year.

Prologis Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Tuesday, June 17th were issued a dividend of $1.01 per share. This represents a $4.04 dividend on an annualized basis and a dividend yield of 3.74%. The ex-dividend date was Tuesday, June 17th. Prologis's payout ratio is currently 101.00%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on PLD shares. Scotiabank raised their target price on Prologis from $97.00 to $100.00 and gave the company a "sector underperform" rating in a report on Monday, May 12th. BMO Capital Markets cut their price target on Prologis from $105.00 to $95.00 and set an "outperform" rating for the company in a research note on Monday, April 14th. CJS Securities cut their price target on Prologis from $140.00 to $117.00 in a research note on Friday, April 11th. Wells Fargo & Company cut their price target on Prologis from $146.00 to $119.00 and set an "overweight" rating for the company in a research note on Monday, May 19th. Finally, Mizuho cut their price target on Prologis from $117.00 to $105.00 and set a "neutral" rating for the company in a research note on Friday, April 11th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, Prologis has a consensus rating of "Moderate Buy" and an average price target of $120.42.

Read Our Latest Research Report on Prologis

About Prologis

(Free Report)

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.

Featured Stories

Institutional Ownership by Quarter for Prologis (NYSE:PLD)

Should You Invest $1,000 in Prologis Right Now?

Before you consider Prologis, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Prologis wasn't on the list.

While Prologis currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

The 10 Best AI Stocks to Own in 2025 Cover

Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

3 Cheap Growth Stocks Set to Explode This Summer
The Next NVIDIA? Quantum Computing Stocks Set for Explosive Growth
5 Stocks to BUY NOW in July 2025

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines