Ameriflex Group Inc. Invests $371,000 in Prologis, Inc. (NYSE:PLD)

Ameriflex Group Inc. purchased a new position in shares of Prologis, Inc. (NYSE:PLD - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 3,514 shares of the real estate investment trust's stock, valued at approximately $371,000.

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

Wall Street Analysts Forecast Growth

PLD has been the subject of a number of analyst reports. Wolfe Research lowered shares of Prologis from an "outperform" rating to a "peer perform" rating in a research note on Monday, April 21st. Wall Street Zen raised Prologis from a "sell" rating to a "hold" rating in a research note on Friday. Mizuho cut their target price on Prologis from $117.00 to $105.00 and set a "neutral" rating on the stock in a report on Friday, April 11th. BMO Capital Markets dropped their target price on shares of Prologis from $105.00 to $95.00 and set an "outperform" rating on the stock in a report on Monday, April 14th. Finally, 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. One analyst has rated the stock with a sell rating, eight have issued a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, Prologis has a consensus rating of "Moderate Buy" and an average price target of $120.42.

Prologis Trading Down 0.5%

PLD traded down $0.59 during trading on Friday, reaching $108.64. 7,261,566 shares of the company's stock were exchanged, compared to its average volume of 4,165,353. Prologis, Inc. has a one year low of $85.35 and a one year high of $132.57. The company has a current ratio of 0.75, a quick ratio of 0.43 and a debt-to-equity ratio of 0.53. The stock has a market capitalization of $100.81 billion, a PE ratio of 27.16, a price-to-earnings-growth ratio of 2.70 and a beta of 1.25. The firm has a fifty day moving average price of $103.94 and a two-hundred day moving average price of $110.59.

Prologis (NYSE:PLD - Get Free Report) last released its quarterly earnings results on Wednesday, April 16th. The real estate investment trust reported $1.42 EPS for the quarter, beating analysts' consensus estimates of $1.38 by $0.04. The firm had revenue of $1.99 billion for the quarter, compared to analyst estimates of $1.99 billion. Prologis had a return on equity of 6.44% and a net margin of 45.50%. As a group, equities research analysts forecast 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. Stockholders of record on Tuesday, June 17th will be given a dividend of $1.01 per share. The ex-dividend date is Tuesday, June 17th. This represents a $4.04 dividend on an annualized basis and a dividend yield of 3.72%. Prologis's dividend payout ratio (DPR) is presently 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.