Chilton Capital Management LLC decreased its position in Prologis, Inc. (NYSE:PLD - Free Report) by 3.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 189,924 shares of the real estate investment trust's stock after selling 7,695 shares during the period. Chilton Capital Management LLC's holdings in Prologis were worth $21,232,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also bought and sold shares of PLD. McGlone Suttner Wealth Management Inc. lifted its position in shares of Prologis by 97.7% during the first quarter. McGlone Suttner Wealth Management Inc. now owns 5,157 shares of the real estate investment trust's stock worth $577,000 after acquiring an additional 2,548 shares in the last quarter. Concurrent Investment Advisors LLC lifted its stake in Prologis by 93.8% in the 1st quarter. Concurrent Investment Advisors LLC now owns 29,571 shares of the real estate investment trust's stock worth $3,306,000 after purchasing an additional 14,312 shares in the last quarter. HM Payson & Co. boosted its holdings in Prologis by 328.3% in the 1st quarter. HM Payson & Co. now owns 2,557 shares of the real estate investment trust's stock valued at $286,000 after purchasing an additional 1,960 shares during the period. World Investment Advisors grew its position in shares of Prologis by 16.9% during the 1st quarter. World Investment Advisors now owns 12,988 shares of the real estate investment trust's stock valued at $1,452,000 after purchasing an additional 1,873 shares in the last quarter. Finally, Wayfinding Financial LLC bought a new position in shares of Prologis in the first quarter worth $144,000. 93.50% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
Several equities analysts recently commented on PLD shares. Robert W. Baird reduced their target price on Prologis from $126.00 to $120.00 and set an "outperform" rating for the company in a research report on Wednesday, May 7th. Morgan Stanley dropped their price target on Prologis to $120.00 and set an "outperform" rating for the company in a research report on Monday, April 14th. Wells Fargo & Company decreased their price objective on shares of Prologis from $146.00 to $119.00 and set an "overweight" rating on the stock in a research report on Monday, May 19th. Evercore ISI dropped their price objective on shares of Prologis from $111.00 to $106.00 and set an "in-line" rating for the company in a report on Thursday, April 17th. Finally, Wolfe Research lowered Prologis from an "outperform" rating to a "peer perform" rating in a research report on Monday, April 21st. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, Prologis presently has an average rating of "Moderate Buy" and a consensus price target of $120.42.
Get Our Latest Analysis on PLD
Prologis Trading Down 1.6%
Shares of PLD stock traded down $1.71 during trading hours on Monday, hitting $106.31. 3,837,856 shares of the company were exchanged, compared to its average volume of 4,169,085. The firm has a fifty day moving average of $106.82 and a 200 day moving average of $109.48. The company has a quick ratio of 0.41, a current ratio of 0.41 and a debt-to-equity ratio of 0.56. Prologis, Inc. has a 1 year low of $85.35 and a 1 year high of $132.57. The firm has a market cap of $98.65 billion, a PE ratio of 26.58, a PEG ratio of 2.74 and a beta of 1.23.
Prologis (NYSE:PLD - Get Free Report) last announced its quarterly earnings results on Wednesday, April 16th. The real estate investment trust reported $1.42 earnings per share for the quarter, beating analysts' consensus estimates of $1.38 by $0.04. The company had revenue of $1.99 billion for the quarter, compared to analyst estimates of $1.99 billion. Prologis had a net margin of 44.59% and a return on equity of 6.45%. Analysts expect that Prologis, Inc. will post 5.73 earnings per share for the current year.
Prologis Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Tuesday, June 17th were paid a $1.01 dividend. This represents a $4.04 annualized dividend and a dividend yield of 3.80%. The ex-dividend date of this dividend was Tuesday, June 17th. Prologis's dividend payout ratio is currently 101.00%.
About Prologis
(
Free Report)
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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