First Bank & Trust grew its holdings in shares of Prologis, Inc. (NYSE:PLD - Free Report) by 22.1% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 19,739 shares of the real estate investment trust's stock after purchasing an additional 3,575 shares during the period. First Bank & Trust's holdings in Prologis were worth $2,207,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Murphy & Mullick Capital Management Corp purchased a new stake in shares of Prologis during the 4th quarter worth approximately $26,000. Crowley Wealth Management Inc. acquired a new position in Prologis during the fourth quarter worth $27,000. REAP Financial Group LLC boosted its position 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 purchasing an additional 84 shares in the last quarter. Promus Capital LLC acquired a new stake in Prologis in the fourth quarter valued at $34,000. Finally, Missouri Trust & Investment Co grew its holdings in Prologis by 59.6% in 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 last quarter. Institutional investors and hedge funds own 93.50% of the company's stock.
Wall Street Analyst Weigh In
Several research firms have recently commented on PLD. Wall Street Zen lowered shares of Prologis from a "hold" rating to a "sell" rating in a research report on Saturday, June 14th. Wells Fargo & Company dropped their price target on Prologis from $146.00 to $119.00 and set an "overweight" rating for the company in a research report on Monday, May 19th. CJS Securities reduced their price objective on Prologis from $140.00 to $117.00 in a research report on Friday, April 11th. Wolfe Research cut Prologis from an "outperform" rating to a "peer perform" rating in a research report on Monday, April 21st. Finally, Evercore ISI cut their target price on shares of Prologis from $111.00 to $106.00 and set an "in-line" rating for the company in a research note on Thursday, April 17th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, Prologis presently has a consensus rating of "Moderate Buy" and an average price target of $120.42.
Read Our Latest Stock Report on Prologis
Prologis Stock Up 1.7%
PLD traded up $1.78 during trading on Wednesday, reaching $108.36. 3,458,860 shares of the stock traded hands, compared to its average volume of 4,157,056. The stock's 50-day simple moving average is $106.47 and its two-hundred day simple moving average is $109.41. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.41 and a quick ratio of 0.41. Prologis, Inc. has a fifty-two week low of $85.35 and a fifty-two week high of $132.57. The stock has a market cap of $100.55 billion, a price-to-earnings ratio of 27.09, a price-to-earnings-growth ratio of 2.67 and a beta of 1.23.
Prologis (NYSE:PLD - Get Free Report) last released its quarterly earnings data on Wednesday, April 16th. The real estate investment trust reported $1.42 EPS for the quarter, topping analysts' consensus estimates of $1.38 by $0.04. Prologis had a return on equity of 6.45% and a net margin of 44.59%. The firm had revenue of $1.99 billion for the quarter, compared to the consensus estimate of $1.99 billion. As a group, equities research analysts expect that Prologis, Inc. will post 5.73 EPS for the current year.
Prologis Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Tuesday, June 17th were paid a dividend of $1.01 per share. The ex-dividend date was Tuesday, June 17th. This represents a $4.04 annualized dividend and a yield of 3.73%. Prologis's payout ratio is 101.00%.
Prologis Company Profile
(
Free Report)
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.
Further Reading

Before you consider Prologis, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Prologis wasn't on the list.
While Prologis currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Market downturns give many investors pause, and for good reason. Wondering how to offset this risk? Enter your email address to learn more about using beta to protect your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.