Financial Counselors Inc. Purchases 19,068 Shares of Prologis, Inc. (NYSE:PLD)

Financial Counselors Inc. increased its position in shares of Prologis, Inc. (NYSE:PLD - Free Report) by 16.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm 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 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of PLD. Cohen & Steers Inc. raised its position in shares of Prologis by 3.2% during the fourth quarter. Cohen & Steers Inc. now owns 28,331,750 shares of the real estate investment trust's stock valued at $2,994,557,000 after buying an additional 882,529 shares during the last quarter. Geode Capital Management LLC increased its holdings in Prologis by 2.9% in the 4th quarter. Geode Capital Management LLC now owns 21,372,231 shares of the real estate investment trust's stock valued at $2,252,853,000 after acquiring an additional 610,251 shares during the last quarter. FMR LLC lifted its stake in Prologis by 11.7% in the 4th quarter. FMR LLC now owns 17,878,397 shares of the real estate investment trust's stock worth $1,889,747,000 after purchasing an additional 1,875,978 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in shares of Prologis by 2.1% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 16,596,799 shares of the real estate investment trust's stock valued at $1,754,282,000 after purchasing an additional 334,907 shares during the last quarter. Finally, Northern Trust Corp boosted its holdings in shares of Prologis by 54.6% during the 4th quarter. Northern Trust Corp now owns 13,855,339 shares of the real estate investment trust's stock valued at $1,464,509,000 after purchasing an additional 4,893,284 shares during the last quarter. Hedge funds and other institutional investors own 93.50% of the company's stock.

Prologis Trading Down 1.6%

Shares of PLD traded down $1.71 during trading hours on Monday, reaching $106.31. 3,837,856 shares of the company traded hands, compared to its average volume of 4,169,085. The stock's fifty day moving average price is $106.82 and its 200 day moving average price is $109.48. The company has a current ratio of 0.41, a quick ratio of 0.41 and a debt-to-equity ratio of 0.56. The firm has a market cap of $98.65 billion, a price-to-earnings ratio of 26.58, a PEG ratio of 2.74 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 released its quarterly earnings data on Wednesday, April 16th. The real estate investment trust reported $1.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.38 by $0.04. The company had revenue of $1.99 billion during the quarter, compared to analysts' expectations of $1.99 billion. Prologis had a net margin of 44.59% and a return on equity of 6.45%. Sell-side analysts forecast 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. Investors of record on Tuesday, June 17th were paid a $1.01 dividend. The ex-dividend date of this dividend was Tuesday, June 17th. This represents a $4.04 annualized dividend and a yield of 3.80%. Prologis's dividend payout ratio (DPR) is currently 101.00%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Mizuho decreased their target price on Prologis from $117.00 to $105.00 and set a "neutral" rating on the stock in a research report on Friday, April 11th. Robert W. Baird decreased their price objective on Prologis from $126.00 to $120.00 and set an "outperform" rating on the stock in a report on Wednesday, May 7th. Scotiabank raised their target price on shares of Prologis from $97.00 to $100.00 and gave the company a "sector underperform" rating in a report on Monday, May 12th. Truist Financial lowered their price objective on shares of Prologis from $123.00 to $120.00 and set a "buy" rating for the company in a research report on Monday, May 5th. Finally, CJS Securities decreased their target price on shares of Prologis from $140.00 to $117.00 in a research report on Friday, April 11th. 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 given a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $120.42.

Prologis 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.