Prologis, Inc. (NYSE:PLD) Holdings Boosted by Financial Counselors Inc.

Financial Counselors Inc. grew its position in Prologis, Inc. (NYSE:PLD - Free Report) by 16.4% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 135,311 shares of the real estate investment trust's stock after purchasing an additional 19,068 shares during the period. Financial Counselors Inc.'s holdings in Prologis were worth $15,126,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Murphy & Mullick Capital Management Corp bought a new position in Prologis in the 4th quarter worth approximately $26,000. Crowley Wealth Management Inc. acquired a new position in Prologis during the 4th quarter worth $27,000. REAP Financial Group LLC grew its stake in shares of 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 purchasing an additional 84 shares in the last quarter. Olde Wealth Management LLC acquired a new position in shares of Prologis during the first quarter valued at $43,000. Finally, Missouri Trust & Investment Co increased its holdings in shares of Prologis by 59.6% during the first quarter. Missouri Trust & Investment Co now owns 399 shares of the real estate investment trust's stock valued at $45,000 after purchasing an additional 149 shares during the period. Institutional investors and hedge funds own 93.50% of the company's stock.

Prologis Trading Up 0.5%

PLD traded up $0.51 during trading on Tuesday, reaching $106.84. The company had a trading volume of 2,937,426 shares, compared to its average volume of 4,172,099. The firm's 50-day simple moving average is $106.87 and its 200 day simple moving average is $109.50. 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 cap of $99.14 billion, a price-to-earnings ratio of 26.71, a PEG ratio of 2.70 and a beta of 1.23. Prologis, Inc. has a 12-month low of $85.35 and a 12-month high of $132.57.

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

Prologis Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Tuesday, June 17th were given a dividend of $1.01 per share. This represents a $4.04 annualized dividend and a yield of 3.78%. The ex-dividend date of this dividend was Tuesday, June 17th. Prologis's payout ratio is 101.00%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on PLD. Evercore ISI reduced 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. Scotiabank upped their price target on shares of Prologis from $97.00 to $100.00 and gave the stock a "sector underperform" rating in a research note on Monday, May 12th. BMO Capital Markets lowered their price objective on shares of Prologis from $105.00 to $95.00 and set an "outperform" rating on the stock in a research note on Monday, April 14th. Wells Fargo & Company lowered their price objective on shares of Prologis from $146.00 to $119.00 and set an "overweight" rating on the stock in a research note on Monday, May 19th. Finally, Morgan Stanley lowered their price objective on shares of Prologis to $120.00 and set an "outperform" rating on the stock in a research note on Monday, April 14th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating, ten have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $119.53.

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.