2,990 Shares in Prologis, Inc. (NYSE:PLD) Acquired by Applied Capital LLC FL

Applied Capital LLC FL bought a new stake in shares of Prologis, Inc. (NYSE:PLD - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 2,990 shares of the real estate investment trust's stock, valued at approximately $334,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Murphy & Mullick Capital Management Corp bought a new position in shares of Prologis during the 4th quarter valued at $26,000. Crowley Wealth Management Inc. purchased a new stake in Prologis during the 4th quarter valued at $27,000. REAP Financial Group LLC boosted its position in Prologis by 40.0% during the 4th quarter. REAP Financial Group LLC now owns 294 shares of the real estate investment trust's stock valued at $31,000 after buying an additional 84 shares during the period. Olde Wealth Management LLC purchased a new stake in Prologis during the 1st quarter valued at $43,000. Finally, Cornerstone Planning Group LLC boosted its position in Prologis by 63.6% during the 1st quarter. Cornerstone Planning Group LLC now owns 391 shares of the real estate investment trust's stock valued at $44,000 after buying an additional 152 shares during the period. Institutional investors own 93.50% of the company's stock.

Prologis Trading Down 0.8%

Shares of PLD traded down $0.83 during midday trading on Tuesday, hitting $108.52. The stock had a trading volume of 5,307,672 shares, compared to its average volume of 4,186,879. The firm has a market cap of $100.70 billion, a PE ratio of 27.13, a price-to-earnings-growth ratio of 2.77 and a beta of 1.23. Prologis, Inc. has a 1 year low of $85.35 and a 1 year high of $132.57. The stock's 50 day moving average is $107.29 and its 200 day moving average is $109.60. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.41 and a quick ratio of 0.41.

Prologis (NYSE:PLD - Get Free Report) last posted its quarterly earnings results 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. The company had revenue of $1.99 billion for the quarter, compared to the consensus estimate of $1.99 billion. Prologis had a net margin of 44.59% and a return on equity of 6.45%. As a group, analysts forecast that Prologis, Inc. will post 5.73 EPS for the current fiscal year.

Prologis Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Tuesday, June 17th were issued a dividend of $1.01 per share. This represents a $4.04 annualized dividend and a yield of 3.72%. The ex-dividend date was Tuesday, June 17th. Prologis's payout ratio is 101.00%.

Analyst Ratings Changes

PLD has been the subject of several research analyst reports. UBS Group raised their target price on shares of Prologis from $106.00 to $120.00 and gave the stock a "buy" rating in a research report on Tuesday, July 8th. Robert W. Baird reduced their target price on shares of Prologis from $126.00 to $120.00 and set an "outperform" rating for the company in a report on Wednesday, May 7th. Wolfe Research cut shares of Prologis from an "outperform" rating to a "peer perform" rating in a report on Monday, April 21st. CJS Securities dropped their price target on shares of Prologis from $140.00 to $117.00 in a research report on Friday, April 11th. Finally, BMO Capital Markets dropped their price target on shares of Prologis from $105.00 to $95.00 and set an "outperform" rating for the company in a research report on Monday, April 14th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $120.47.

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.