Dupont Capital Management Corp Increases Stock Position in Prologis, Inc. (NYSE:PLD)

Dupont Capital Management Corp boosted its stake in Prologis, Inc. (NYSE:PLD - Free Report) by 7.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 79,629 shares of the real estate investment trust's stock after purchasing an additional 5,309 shares during the quarter. Dupont Capital Management Corp's holdings in Prologis were worth $8,902,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Murphy & Mullick Capital Management Corp purchased a new stake in Prologis in the fourth quarter valued at approximately $26,000. Crowley Wealth Management Inc. purchased a new stake in Prologis in the fourth quarter valued at approximately $27,000. Centricity Wealth Management LLC purchased a new stake in Prologis in the fourth quarter valued at approximately $30,000. REAP Financial Group LLC raised its stake in Prologis by 40.0% in the fourth 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 in the last quarter. Finally, Whipplewood Advisors LLC purchased a new stake in Prologis in the fourth quarter valued at approximately $34,000. 93.50% of the stock is owned by hedge funds and other institutional investors.

Prologis Stock Up 0.6%

NYSE PLD opened at $105.67 on Friday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.41 and a current ratio of 0.41. The company has a market capitalization of $98.05 billion, a P/E ratio of 26.42, a P/E/G ratio of 2.67 and a beta of 1.25. Prologis, Inc. has a one year low of $85.35 and a one year high of $132.57. The stock has a 50 day moving average price of $105.62 and a 200-day moving average price of $109.77.

Prologis (NYSE:PLD - Get Free Report) last issued its quarterly earnings results on Wednesday, April 16th. The real estate investment trust reported $1.42 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.38 by $0.04. The company had revenue of $1.99 billion during the quarter, compared to the consensus estimate of $1.99 billion. Prologis had a return on equity of 6.45% and a net margin of 44.59%. As a group, equities analysts predict that Prologis, Inc. will post 5.73 EPS for the current fiscal year.

Prologis Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Tuesday, June 17th will be given a dividend of $1.01 per share. The ex-dividend date of this dividend is Tuesday, June 17th. This represents a $4.04 annualized dividend and a dividend yield of 3.82%. Prologis's dividend payout ratio (DPR) is 101.00%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on PLD. Scotiabank raised their price objective on Prologis from $97.00 to $100.00 and gave the company a "sector underperform" rating in a research note on Monday, May 12th. Evercore ISI decreased their target price on shares of Prologis from $111.00 to $106.00 and set an "in-line" rating on the stock in a research note on Thursday, April 17th. Robert W. Baird decreased their target price on shares of Prologis from $126.00 to $120.00 and set an "outperform" rating on the stock in a research note on Wednesday, May 7th. Wall Street Zen downgraded shares of Prologis from a "hold" rating to a "sell" rating in a research note on Saturday, June 14th. Finally, Truist Financial cut their price target on shares of Prologis from $123.00 to $120.00 and set a "buy" rating on the stock in a report on Monday, May 5th. Two 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. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $120.42.

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.

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