Fairtree Asset Management Pty Ltd Acquires Shares of 14,011 Prologis, Inc. (NYSE:PLD)

Fairtree Asset Management Pty Ltd purchased a new stake in shares of Prologis, Inc. (NYSE:PLD - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 14,011 shares of the real estate investment trust's stock, valued at approximately $1,481,000. Prologis accounts for approximately 1.4% of Fairtree Asset Management Pty Ltd's holdings, making the stock its 16th largest holding.

A number of other large investors have also added to or reduced their stakes in PLD. Murphy & Mullick Capital Management Corp purchased a new stake in Prologis in the fourth quarter worth $26,000. Crowley Wealth Management Inc. bought a new stake in shares of Prologis during the 4th quarter valued at about $27,000. Centricity Wealth Management LLC purchased a new position in shares of Prologis during the fourth quarter valued at about $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 worth $31,000 after buying an additional 84 shares in the last quarter. Finally, Promus Capital LLC bought a new position in Prologis in the fourth quarter worth about $34,000. Institutional investors own 93.50% of the company's stock.

Prologis Stock Down 0.5%

Shares of PLD opened at $108.64 on Monday. The company has a market cap of $100.81 billion, a PE ratio of 27.16, a P/E/G ratio of 2.70 and a beta of 1.25. Prologis, Inc. has a 52-week low of $85.35 and a 52-week high of $132.57. The business has a fifty day moving average of $103.94 and a 200 day moving average of $110.56. The company has a quick ratio of 0.43, a current ratio of 0.75 and a debt-to-equity ratio of 0.53.

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 (EPS) for the quarter, topping analysts' consensus estimates of $1.38 by $0.04. The firm had revenue of $1.99 billion for the quarter, compared to the consensus estimate of $1.99 billion. Prologis had a net margin of 45.50% and a return on equity of 6.44%. On average, sell-side analysts expect that Prologis, Inc. will post 5.73 EPS for the current year.

Prologis Dividend Announcement

The business 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 $1.01 dividend. The ex-dividend date of this dividend is Tuesday, June 17th. This represents a $4.04 annualized dividend and a dividend yield of 3.72%. Prologis's dividend payout ratio (DPR) is 101.00%.

Analyst Upgrades and Downgrades

PLD has been the topic of a number of research analyst reports. Raymond James reiterated a "market perform" rating on shares of Prologis in a report on Monday, February 3rd. Royal Bank of Canada decreased their price objective on Prologis from $128.00 to $117.00 and set a "sector perform" rating for the company in a report on Tuesday, April 29th. Wolfe Research cut shares of Prologis from an "outperform" rating to a "peer perform" rating in a report on Monday, April 21st. Morgan Stanley decreased their price target on shares of Prologis to $120.00 and set an "outperform" rating for the company in a research note on Monday, April 14th. Finally, Mizuho cut their price target on Prologis from $117.00 to $105.00 and set a "neutral" rating on the stock in a research note on Friday, April 11th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target 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.