Brown Advisory Inc. Has $11.72 Million Stock Position in Prologis, Inc. (NYSE:PLD)

Brown Advisory Inc. grew its position in shares of Prologis, Inc. (NYSE:PLD - Free Report) by 5.7% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 104,861 shares of the real estate investment trust's stock after acquiring an additional 5,651 shares during the quarter. Brown Advisory Inc.'s holdings in Prologis were worth $11,722,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. Brighton Jones LLC boosted its holdings in shares of 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 boosted its holdings in shares of Prologis by 74.8% in the 4th quarter. Proficio Capital Partners LLC now owns 3,277 shares of the real estate investment trust's stock valued at $346,000 after buying an additional 1,402 shares during the last quarter. Independent Advisor Alliance boosted its holdings in shares of Prologis by 8.3% in the 4th quarter. Independent Advisor Alliance now owns 16,299 shares of the real estate investment trust's stock valued at $1,723,000 after buying an additional 1,245 shares during the last quarter. HighTower Advisors LLC boosted its holdings in shares of Prologis by 5.7% in the 4th quarter. HighTower Advisors LLC now owns 179,534 shares of the real estate investment trust's stock valued at $18,977,000 after buying an additional 9,606 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its holdings in shares of Prologis by 228.9% in the 4th quarter. EverSource Wealth Advisors LLC now owns 3,253 shares of the real estate investment trust's stock valued at $344,000 after buying an additional 2,264 shares during the last quarter. Institutional investors and hedge funds own 93.50% of the company's stock.

Prologis Stock Up 1.9%

PLD stock opened at $108.43 on Friday. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.41 and a quick ratio of 0.41. The stock has a market capitalization of $100.62 billion, a price-to-earnings ratio of 27.11, a PEG ratio of 2.70 and a beta of 1.23. The business's fifty day moving average price is $107.14 and its two-hundred day moving average price is $109.49. 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 posted its quarterly earnings data on Wednesday, April 16th. The real estate investment trust reported $1.42 earnings per share for the quarter, topping the consensus estimate of $1.38 by $0.04. The firm had revenue of $1.99 billion for the quarter, compared to analysts' expectations of $1.99 billion. Prologis had a return on equity of 6.45% and a net margin of 44.59%. On average, equities analysts anticipate that Prologis, Inc. will post 5.73 earnings per share for the current year.

Prologis Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Tuesday, June 17th were given a $1.01 dividend. This represents a $4.04 dividend on an annualized basis and a dividend yield of 3.73%. The ex-dividend date of this dividend was Tuesday, June 17th. Prologis's payout ratio is currently 101.00%.

Analysts Set New Price Targets

PLD has been the subject of several recent analyst reports. UBS Group increased their price objective on Prologis from $106.00 to $120.00 and gave the company a "buy" rating in a report on Tuesday. Truist Financial cut their price objective on Prologis from $123.00 to $120.00 and set a "buy" rating for the company in a report on Monday, May 5th. Robert W. Baird cut their price objective on Prologis from $126.00 to $120.00 and set an "outperform" rating for the company in a report on Wednesday, May 7th. Mizuho dropped their price target on Prologis from $117.00 to $105.00 and set a "neutral" rating on the stock in a research note on Friday, April 11th. Finally, BMO Capital Markets dropped their price target on Prologis from $105.00 to $95.00 and set an "outperform" rating on the stock in a research note 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's stock. According to MarketBeat, Prologis has an average rating of "Moderate Buy" and a consensus target price of $119.53.

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.

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