Graybill Wealth Management LTD. Purchases Shares of 34,461 Prologis, Inc. (NYSE:PLD)

Graybill Wealth Management LTD. acquired a new position in shares of Prologis, Inc. (NYSE:PLD - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 34,461 shares of the real estate investment trust's stock, valued at approximately $3,852,000.

Several other large investors have also recently added to or reduced their stakes in PLD. Murphy & Mullick Capital Management Corp bought a new stake in Prologis in the fourth quarter worth about $26,000. Crowley Wealth Management Inc. acquired a new position in shares of Prologis in the fourth quarter valued at $27,000. REAP Financial Group LLC raised its stake 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 acquiring an additional 84 shares in the last quarter. Olde Wealth Management LLC acquired a new position in Prologis during the first quarter worth $43,000. Finally, Cornerstone Planning Group LLC boosted its holdings in Prologis by 63.6% in the first quarter. Cornerstone Planning Group LLC now owns 391 shares of the real estate investment trust's stock valued at $44,000 after acquiring an additional 152 shares during the last quarter. 93.50% of the stock is currently owned by institutional investors.

Prologis Price Performance

Shares of Prologis stock traded down $3.93 on Thursday, hitting $106.25. 3,527,713 shares of the company were exchanged, compared to its average volume of 4,219,262. The stock has a market capitalization of $98.59 billion, a price-to-earnings ratio of 26.54, a price-to-earnings-growth ratio of 2.76 and a beta of 1.23. The company has a 50-day moving average price of $107.47 and a 200 day moving average price of $109.60. Prologis, Inc. has a 1-year low of $85.35 and a 1-year high of $132.57. The company has a quick ratio of 0.41, a current ratio of 0.41 and a debt-to-equity ratio of 0.56.

Prologis (NYSE:PLD - Get Free Report) last released its quarterly earnings results on Wednesday, July 16th. The real estate investment trust reported $1.46 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.41 by $0.05. Prologis had a return on equity of 6.45% and a net margin of 44.59%. The firm had revenue of $2.03 billion for the quarter, compared to analyst estimates of $2.03 billion. During the same quarter last year, the company posted $1.34 earnings per share. The business's revenue was up 8.8% on a year-over-year basis. As a group, sell-side analysts predict that Prologis, Inc. will post 5.73 earnings per share for the current fiscal year.

Prologis Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Tuesday, June 17th were paid a dividend of $1.01 per share. This represents a $4.04 dividend on an annualized basis and a dividend yield of 3.80%. The ex-dividend date was Tuesday, June 17th. Prologis's dividend payout ratio (DPR) is currently 101.00%.

Analysts Set New Price Targets

Several research analysts have weighed in on PLD shares. Mizuho lowered their price target on Prologis from $117.00 to $105.00 and set a "neutral" rating on the stock in a research report on Friday, April 11th. Wells Fargo & Company set a $137.00 target price on Prologis and gave the stock an "overweight" rating in a report on Sunday. Morgan Stanley decreased their target price on Prologis to $120.00 and set an "outperform" rating on the stock in a report on Monday, April 14th. Barclays reduced their price target on Prologis from $132.00 to $119.00 and set an "overweight" rating for the company in a research note on Wednesday, April 30th. Finally, CJS Securities reduced their price target on shares of Prologis from $140.00 to $117.00 in a research report on Friday, April 11th. Two investment 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. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $120.47.

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.