Hixon Zuercher LLC Has $2.17 Million Stock Position in Prologis, Inc. (NYSE:PLD)

Hixon Zuercher LLC raised its stake in Prologis, Inc. (NYSE:PLD - Free Report) by 26.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 19,370 shares of the real estate investment trust's stock after acquiring an additional 4,090 shares during the period. Hixon Zuercher LLC's holdings in Prologis were worth $2,165,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. REAP Financial Group LLC grew its position in Prologis by 40.0% during the 4th 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 during the last quarter. Phoenix Financial Ltd. boosted its stake in Prologis by 1.0% in the fourth quarter. Phoenix Financial Ltd. now owns 9,032 shares of the real estate investment trust's stock worth $955,000 after purchasing an additional 86 shares in the last quarter. CreativeOne Wealth LLC boosted its stake in Prologis by 1.7% in the fourth quarter. CreativeOne Wealth LLC now owns 6,073 shares of the real estate investment trust's stock worth $642,000 after purchasing an additional 100 shares in the last quarter. J.Safra Asset Management Corp grew its holdings in shares of Prologis by 22.3% during the fourth quarter. J.Safra Asset Management Corp now owns 559 shares of the real estate investment trust's stock worth $59,000 after purchasing an additional 102 shares during the last quarter. Finally, Focus Financial Network Inc. increased its stake in shares of Prologis by 5.2% in the first quarter. Focus Financial Network Inc. now owns 2,093 shares of the real estate investment trust's stock valued at $234,000 after buying an additional 104 shares in the last quarter. 93.50% of the stock is currently owned by institutional investors.

Prologis Trading Down 0.3%

Shares of PLD stock traded down $0.28 on Friday, reaching $108.03. The company had a trading volume of 1,549,648 shares, compared to its average volume of 4,162,745. The stock has a market cap of $100.24 billion, a PE ratio of 27.01, a PEG ratio of 2.74 and a beta of 1.23. The company has a 50-day moving average of $106.70 and a 200-day moving average of $109.39. The company has a current ratio of 0.41, a quick ratio of 0.41 and a debt-to-equity ratio of 0.56. 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 issued its earnings results on Wednesday, April 16th. The real estate investment trust reported $1.42 EPS for the quarter, beating the consensus estimate of $1.38 by $0.04. The firm had revenue of $1.99 billion during the quarter, compared to the consensus estimate of $1.99 billion. Prologis had a net margin of 44.59% and a return on equity of 6.45%. On average, equities analysts forecast that Prologis, Inc. will post 5.73 earnings per share for the current year.

Prologis Dividend Announcement

The firm also recently disclosed 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. This represents a $4.04 annualized dividend and a yield of 3.74%. The ex-dividend date was Tuesday, June 17th. Prologis's payout ratio is presently 101.00%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on PLD shares. Mizuho reduced their price target on shares of Prologis from $117.00 to $105.00 and set a "neutral" rating on the stock in a research report on Friday, April 11th. Morgan Stanley reduced their target price on shares of Prologis to $120.00 and set an "outperform" rating on the stock in a research report on Monday, April 14th. Royal Bank Of Canada lowered their price target on shares of Prologis from $128.00 to $117.00 and set a "sector perform" rating for the company in a report on Tuesday, April 29th. Wells Fargo & Company dropped their price objective on shares of Prologis from $146.00 to $119.00 and set an "overweight" rating for the company in a research report on Monday, May 19th. Finally, Scotiabank increased their price objective on Prologis from $97.00 to $100.00 and gave the company a "sector underperform" rating in a research report on Monday, May 12th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Prologis presently has an average rating of "Moderate Buy" and a consensus 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.