Callahan Advisors LLC Purchases 9,268 Shares of Prologis, Inc. (NYSE:PLD)

Callahan Advisors LLC lifted its stake in shares of Prologis, Inc. (NYSE:PLD - Free Report) by 33.3% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 37,072 shares of the real estate investment trust's stock after purchasing an additional 9,268 shares during the period. Callahan Advisors LLC's holdings in Prologis were worth $4,144,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the stock. 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. Phoenix Financial Ltd. boosted its position in Prologis by 1.0% during the fourth quarter. Phoenix Financial Ltd. now owns 9,032 shares of the real estate investment trust's stock valued at $955,000 after acquiring an additional 86 shares during the last quarter. CreativeOne Wealth LLC boosted its position in shares of Prologis by 1.7% during the 4th quarter. CreativeOne Wealth LLC now owns 6,073 shares of the real estate investment trust's stock worth $642,000 after purchasing an additional 100 shares in the last quarter. Focus Financial Network Inc. increased its holdings in Prologis by 5.2% during the 1st quarter. Focus Financial Network Inc. now owns 2,093 shares of the real estate investment trust's stock worth $234,000 after purchasing an additional 104 shares in the last quarter. Finally, Loomis Sayles & Co. L P increased its stake in Prologis by 9.2% in the 4th quarter. Loomis Sayles & Co. L P now owns 1,346 shares of the real estate investment trust's stock valued at $142,000 after buying an additional 113 shares during the last quarter. Institutional investors own 93.50% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on PLD shares. Evercore ISI lowered their price target on shares of Prologis from $111.00 to $106.00 and set an "in-line" rating on the stock in a report on Thursday, April 17th. CJS Securities lowered their price target on shares of Prologis from $140.00 to $117.00 in a report on Friday, April 11th. Royal Bank Of Canada lowered their target price on shares of Prologis from $128.00 to $117.00 and set a "sector perform" rating on the stock in a report on Tuesday, April 29th. Barclays lowered their target price on shares of Prologis from $132.00 to $119.00 and set an "overweight" rating on the stock in a report on Wednesday, April 30th. Finally, Mizuho lowered their target price on shares of Prologis from $117.00 to $105.00 and set a "neutral" rating on the stock in a report on Friday, April 11th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $119.53.

Prologis Price Performance

Shares of Prologis stock traded up $0.64 during trading on Friday, hitting $109.05. The stock had a trading volume of 3,209,283 shares, compared to its average volume of 4,184,081. The business's 50-day moving average is $107.14 and its 200 day moving average is $109.49. Prologis, Inc. has a 12 month low of $85.35 and a 12 month high of $132.57. The firm has a market cap of $101.19 billion, a price-to-earnings ratio of 27.26, a P/E/G ratio of 2.75 and a beta of 1.23. The company has a current ratio of 0.41, a quick ratio of 0.41 and a debt-to-equity ratio of 0.56.

Prologis (NYSE:PLD - Get Free Report) last issued its quarterly earnings data 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. Prologis had a net margin of 44.59% and a return on equity of 6.45%. The business had revenue of $1.99 billion during the quarter, compared to analyst estimates of $1.99 billion. As a group, sell-side analysts anticipate that Prologis, Inc. will post 5.73 earnings per share for the current year.

Prologis Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Tuesday, June 17th were issued a dividend of $1.01 per share. The ex-dividend date of this dividend was Tuesday, June 17th. This represents a $4.04 annualized dividend and a dividend yield of 3.70%. Prologis's payout ratio is 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.