Brooklyn FI LLC Takes Position in Prologis, Inc. (NYSE:PLD)

Brooklyn FI LLC bought a new position in shares of Prologis, Inc. (NYSE:PLD - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 3,328 shares of the real estate investment trust's stock, valued at approximately $383,000.

Several other large investors also recently made changes to their positions in the stock. Murphy & Mullick Capital Management Corp acquired a new position in Prologis during the fourth quarter worth $26,000. Crowley Wealth Management Inc. acquired a new position in shares of Prologis during the 4th quarter worth about $27,000. Centricity Wealth Management LLC bought a new stake in shares of Prologis in the 4th quarter valued at about $30,000. REAP Financial Group LLC lifted its stake 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 purchasing an additional 84 shares during the last quarter. Finally, Whipplewood Advisors LLC acquired a new stake in Prologis in the 4th quarter valued at about $34,000. Institutional investors and hedge funds own 93.50% of the company's stock.

Prologis Price Performance

Shares of PLD traded down $0.59 during trading hours on Friday, hitting $108.64. 7,261,566 shares of the company were exchanged, compared to its average volume of 4,208,603. Prologis, Inc. has a fifty-two week low of $85.35 and a fifty-two week high of $132.57. The firm's fifty day moving average is $103.94 and its 200 day moving average is $110.63. The company has a quick ratio of 0.43, a current ratio of 0.75 and a debt-to-equity ratio of 0.53. The company has a market cap of $100.81 billion, a price-to-earnings ratio of 27.16, a P/E/G ratio of 2.70 and a beta of 1.25.

Prologis (NYSE:PLD - Get Free Report) last released its earnings results on Wednesday, April 16th. The real estate investment trust reported $1.42 EPS for the quarter, beating the consensus estimate of $1.38 by $0.04. Prologis had a net margin of 45.50% and a return on equity of 6.44%. The firm had revenue of $1.99 billion for the quarter, compared to analyst estimates of $1.99 billion. On average, equities analysts anticipate that Prologis, Inc. will post 5.73 earnings per share for the current fiscal year.

Prologis Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on PLD shares. Robert W. Baird lowered their price target on Prologis from $126.00 to $120.00 and set an "outperform" rating on the stock in a research report on Wednesday, May 7th. Raymond James reaffirmed a "market perform" rating on shares of Prologis in a report on Monday, February 3rd. Wall Street Zen raised shares of Prologis from a "sell" rating to a "hold" rating in a report on Friday. Royal Bank of Canada reduced their price objective on Prologis from $128.00 to $117.00 and set a "sector perform" rating for the company in a report on Tuesday, April 29th. Finally, Morgan Stanley lowered their target price on Prologis to $120.00 and set an "outperform" rating on the stock in a research note on Monday, April 14th. One analyst has rated the stock with a sell rating, eight have given a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $120.42.

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.