Prologis, Inc. (NYSE:PLD) Stock Holdings Lifted by Creekmur Asset Management LLC

Creekmur Asset Management LLC grew its holdings in Prologis, Inc. (NYSE:PLD - Free Report) by 994.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,483 shares of the real estate investment trust's stock after acquiring an additional 4,982 shares during the period. Creekmur Asset Management LLC's holdings in Prologis were worth $613,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. Murphy & Mullick Capital Management Corp acquired a new position in shares of Prologis during the fourth quarter worth about $26,000. Crowley Wealth Management Inc. purchased a new position in Prologis in the fourth quarter worth approximately $27,000. REAP Financial Group LLC grew its holdings 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 worth $31,000 after acquiring an additional 84 shares in the last quarter. Olde Wealth Management LLC acquired a new position in Prologis during the 1st quarter worth approximately $43,000. Finally, Cornerstone Planning Group LLC increased its position in shares of Prologis by 63.6% in the 1st quarter. Cornerstone Planning Group LLC now owns 391 shares of the real estate investment trust's stock valued at $44,000 after purchasing an additional 152 shares during the last quarter. Hedge funds and other institutional investors own 93.50% of the company's stock.

Analyst Upgrades and Downgrades

PLD has been the subject of a number of research analyst reports. Evercore ISI decreased their target price on Prologis from $111.00 to $106.00 and set an "in-line" rating for the company in a research report on Thursday, April 17th. Wall Street Zen cut shares of Prologis from a "hold" rating to a "sell" rating in a report on Saturday, June 14th. Mizuho dropped their price objective on shares of Prologis from $117.00 to $105.00 and set a "neutral" rating on the stock in a research note on Friday, April 11th. BMO Capital Markets decreased their target price on shares of Prologis from $105.00 to $95.00 and set an "outperform" rating for the company in a research note on Monday, April 14th. Finally, 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 research note on Tuesday, April 29th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $120.47.

Prologis Stock Up 0.2%

NYSE:PLD traded up $0.26 during trading hours on Friday, hitting $106.69. The stock had a trading volume of 4,481,494 shares, compared to its average volume of 4,211,351. The company has a market cap of $99.00 billion, a PE ratio of 28.91, a price-to-earnings-growth ratio of 2.68 and a beta of 1.23. The business has a 50 day simple moving average of $107.49 and a two-hundred day simple moving average of $109.61. The company has a current ratio of 0.19, a quick ratio of 0.41 and a debt-to-equity ratio of 0.60. Prologis, Inc. has a 1-year low of $85.35 and a 1-year high of $132.57.

Prologis (NYSE:PLD - Get Free Report) last announced its earnings results on Wednesday, July 16th. The real estate investment trust reported $1.46 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.41 by $0.05. Prologis had a return on equity of 5.96% and a net margin of 40.29%. The business had revenue of $2.03 billion for the quarter, compared to analyst estimates of $2.03 billion. During the same period in the previous year, the company earned $1.34 earnings per share. The company's revenue for the quarter was up 8.8% compared to the same quarter last year. Analysts predict that Prologis, Inc. will post 5.73 EPS for the current year.

Prologis Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Tuesday, June 17th were given a dividend of $1.01 per share. The ex-dividend date was Tuesday, June 17th. This represents a $4.04 annualized dividend and a dividend yield of 3.79%. Prologis's payout ratio is 101.00%.

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.