James Hambro & Partners LLP Purchases 2,367 Shares of Prologis, Inc. (NYSE:PLD)

James Hambro & Partners LLP grew its holdings in shares of Prologis, Inc. (NYSE:PLD - Free Report) by 31.4% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 9,895 shares of the real estate investment trust's stock after purchasing an additional 2,367 shares during the period. James Hambro & Partners LLP's holdings in Prologis were worth $1,106,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of PLD. Norges Bank acquired a new position in Prologis during the 4th quarter valued at about $951,263,000. Northern Trust Corp boosted its holdings in shares of Prologis by 54.6% in the fourth 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 acquiring an additional 4,893,284 shares in the last quarter. Capital Research Global Investors increased its stake in shares of Prologis by 25.4% during the fourth quarter. Capital Research Global Investors now owns 12,345,523 shares of the real estate investment trust's stock valued at $1,304,922,000 after acquiring an additional 2,500,761 shares during the period. Raymond James Financial Inc. bought a new stake in Prologis during the fourth quarter worth approximately $254,876,000. Finally, FMR LLC lifted its position in Prologis by 11.7% in the fourth 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 during the period. 93.50% of the stock is currently owned by institutional investors.

Prologis Stock Down 1.2%

Prologis stock traded down $1.26 during mid-day trading on Friday, hitting $107.18. The company's stock had a trading volume of 3,359,339 shares, compared to its average volume of 4,122,771. Prologis, Inc. has a 52-week low of $85.35 and a 52-week high of $132.57. The company has a market cap of $99.45 billion, a PE ratio of 26.79, a price-to-earnings-growth ratio of 2.70 and a beta of 1.25. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.75 and a quick ratio of 0.43. The firm's 50 day moving average is $104.61 and its 200 day moving average is $110.11.

Prologis (NYSE:PLD - Get Free Report) last posted its quarterly earnings results on Wednesday, April 16th. The real estate investment trust reported $1.42 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.38 by $0.04. Prologis had a net margin of 45.50% and a return on equity of 6.44%. The business had revenue of $1.99 billion during the quarter, compared to analyst estimates of $1.99 billion. On average, analysts anticipate that Prologis, Inc. will post 5.73 earnings per share for the current year.

Prologis Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Tuesday, June 17th will be issued a dividend of $1.01 per share. This represents a $4.04 annualized dividend and a dividend yield of 3.77%. The ex-dividend date is Tuesday, June 17th. Prologis's dividend payout ratio is currently 101.00%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Barclays dropped their price objective on Prologis from $132.00 to $119.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 30th. Robert W. Baird lowered their target price on Prologis from $126.00 to $120.00 and set an "outperform" rating on the stock in a report on Wednesday, May 7th. Wall Street Zen downgraded shares of Prologis from a "hold" rating to a "sell" rating in a report on Saturday. Wells Fargo & Company reduced 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, BMO Capital Markets dropped their target price on shares of Prologis from $105.00 to $95.00 and set an "outperform" rating on the stock in a report on Monday, April 14th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, ten have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company presently has a consensus 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.