Cwm LLC Has $3.09 Million Stock Holdings in Prologis, Inc. (NYSE:PLD)

Cwm LLC lifted its holdings in Prologis, Inc. (NYSE:PLD - Free Report) by 18.5% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 27,596 shares of the real estate investment trust's stock after acquiring an additional 4,313 shares during the period. Cwm LLC's holdings in Prologis were worth $3,085,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of PLD. REAP Financial Group LLC increased its holdings in Prologis by 40.0% during the fourth quarter. REAP Financial Group LLC now owns 294 shares of the real estate investment trust's stock worth $31,000 after buying an additional 84 shares during the last quarter. Phoenix Financial Ltd. boosted its stake 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 buying an additional 86 shares during the period. CreativeOne Wealth LLC increased its position in shares of Prologis by 1.7% in the fourth 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 during the last quarter. Focus Financial Network Inc. increased its holdings in shares of Prologis by 5.2% in the 1st quarter. Focus Financial Network Inc. now owns 2,093 shares of the real estate investment trust's stock worth $234,000 after buying an additional 104 shares during the last quarter. Finally, Loomis Sayles & Co. L P grew its position in Prologis by 9.2% in the fourth quarter. Loomis Sayles & Co. L P now owns 1,346 shares of the real estate investment trust's stock worth $142,000 after acquiring an additional 113 shares in the last quarter. Institutional investors own 93.50% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on PLD. Wolfe Research downgraded shares of Prologis from an "outperform" rating to a "peer perform" rating in a research note on Monday, April 21st. Wall Street Zen lowered shares of Prologis from a "hold" rating to a "sell" rating in a research note on Saturday, June 14th. Robert W. Baird cut their target price on shares of Prologis from $126.00 to $120.00 and set an "outperform" rating for the company in a research report on Wednesday, May 7th. CJS Securities reduced their target price on shares of Prologis from $140.00 to $117.00 in a report on Friday, April 11th. Finally, Mizuho cut their price objective on shares of Prologis from $117.00 to $105.00 and set a "neutral" rating on the stock in a research report on Friday, April 11th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $120.47.

Prologis Price Performance

Shares of PLD stock opened at $106.51 on Friday. 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 twelve month low of $85.35 and a twelve month high of $132.57. The firm has a fifty day simple moving average of $107.49 and a 200-day simple moving average of $109.61. The company has a market capitalization of $98.83 billion, a PE ratio of 28.86, a price-to-earnings-growth ratio of 2.77 and a beta of 1.23.

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

Prologis Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 30th. Stockholders 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 3.79%. The ex-dividend date was Tuesday, June 17th. Prologis's dividend payout ratio is 101.00%.

Prologis Company 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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