Insigneo Advisory Services LLC Acquires 2,602 Shares of Prologis, Inc. (NYSE:PLD)

Insigneo Advisory Services LLC increased its holdings in shares of Prologis, Inc. (NYSE:PLD - Free Report) by 135.4% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 4,524 shares of the real estate investment trust's stock after purchasing an additional 2,602 shares during the quarter. Insigneo Advisory Services LLC's holdings in Prologis were worth $506,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. REAP Financial Group LLC boosted its holdings in shares of Prologis by 40.0% in the 4th quarter. REAP Financial Group LLC now owns 294 shares of the real estate investment trust's stock valued at $31,000 after buying an additional 84 shares during the last quarter. Phoenix Financial Ltd. lifted its position in shares of Prologis by 1.0% in the fourth quarter. Phoenix Financial Ltd. now owns 9,032 shares of the real estate investment trust's stock valued at $955,000 after buying an additional 86 shares during the last quarter. Black Diamond Financial LLC boosted its stake in shares of Prologis by 2.2% during the 4th quarter. Black Diamond Financial LLC now owns 4,246 shares of the real estate investment trust's stock worth $449,000 after acquiring an additional 93 shares during the period. CreativeOne Wealth LLC increased its holdings in shares of Prologis by 1.7% during the 4th quarter. CreativeOne Wealth LLC now owns 6,073 shares of the real estate investment trust's stock worth $642,000 after acquiring an additional 100 shares during the last quarter. Finally, J.Safra Asset Management Corp raised its stake in Prologis by 22.3% in the 4th quarter. J.Safra Asset Management Corp now owns 559 shares of the real estate investment trust's stock valued at $59,000 after acquiring an additional 102 shares during the period. 93.50% of the stock is currently owned by institutional investors and hedge funds.

Prologis Price Performance

PLD traded up $0.71 on Friday, hitting $105.79. 1,872,895 shares of the stock were exchanged, compared to its average volume of 4,110,414. Prologis, Inc. has a 12 month low of $85.35 and a 12 month high of $132.57. The business has a 50-day moving average of $105.43 and a two-hundred day moving average of $109.85. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.41 and a quick ratio of 0.41. The firm has a market capitalization of $98.16 billion, a price-to-earnings ratio of 26.41, a PEG ratio of 2.67 and a beta of 1.25.

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. 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. Sell-side analysts forecast that Prologis, Inc. will post 5.73 EPS for the current fiscal year.

Prologis Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Tuesday, June 17th will be given a dividend of $1.01 per share. The ex-dividend date of this dividend is Tuesday, June 17th. This represents a $4.04 annualized dividend and a yield of 3.82%. Prologis's dividend payout ratio is currently 101.00%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on PLD shares. 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 research report on Thursday, April 17th. Mizuho reduced their target price on shares of Prologis from $117.00 to $105.00 and set a "neutral" rating for the company in a report on Friday, April 11th. Wells Fargo & Company decreased their price target 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. Truist Financial cut 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 Prologis from $140.00 to $117.00 in a research report on Friday, April 11th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average 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.