2,581 Shares in Prologis, Inc. (NYSE:PLD) Purchased by Moody Aldrich Partners LLC

Moody Aldrich Partners LLC acquired a new position in shares of Prologis, Inc. (NYSE:PLD - Free Report) in the first quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 2,581 shares of the real estate investment trust's stock, valued at approximately $289,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Murphy & Mullick Capital Management Corp acquired a new stake in shares of Prologis during the 4th quarter worth about $26,000. Crowley Wealth Management Inc. acquired a new position in Prologis in the 4th quarter valued at about $27,000. REAP Financial Group LLC grew its position in Prologis by 40.0% in the 4th quarter. REAP Financial Group LLC now owns 294 shares of the real estate investment trust's stock valued at $31,000 after acquiring an additional 84 shares in the last quarter. Promus Capital LLC acquired a new position in Prologis in the 4th quarter valued at about $34,000. Finally, Missouri Trust & Investment Co grew its position in Prologis by 59.6% in the 1st quarter. Missouri Trust & Investment Co now owns 399 shares of the real estate investment trust's stock valued at $45,000 after acquiring an additional 149 shares in the last quarter. 93.50% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

PLD has been the subject of several research reports. Mizuho dropped their target price on Prologis from $117.00 to $105.00 and set a "neutral" rating for the company in a research report on Friday, April 11th. Morgan Stanley dropped their target price on Prologis to $120.00 and set an "outperform" rating for the company in a research report on Monday, April 14th. Truist Financial dropped their target price on Prologis from $123.00 to $120.00 and set a "buy" rating for the company in a research report on Monday, May 5th. CJS Securities dropped their target price on Prologis from $140.00 to $117.00 in a research report on Friday, April 11th. Finally, Barclays decreased their price objective on Prologis from $132.00 to $119.00 and set an "overweight" rating for the company in a research note on Wednesday, April 30th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, Prologis has a consensus rating of "Moderate Buy" and a consensus price target of $120.42.

Prologis Stock Down 0.3%

Shares of NYSE:PLD opened at $108.03 on Friday. The company has a market cap of $100.24 billion, a price-to-earnings ratio of 27.01, a PEG ratio of 2.74 and a beta of 1.23. The firm's 50-day simple moving average is $106.82 and its 200-day simple moving average is $109.39. The company has a quick ratio of 0.41, a current ratio of 0.41 and a debt-to-equity ratio of 0.56. Prologis, Inc. has a fifty-two week low of $85.35 and a fifty-two 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 for the quarter, beating 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 the consensus estimate of $1.99 billion. As a group, equities research 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 was paid on Monday, June 30th. Investors 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 yield of 3.74%. The ex-dividend date was Tuesday, June 17th. Prologis's dividend payout ratio is presently 101.00%.

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.

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