Knights of Columbus Asset Advisors LLC raised its holdings in shares of Prologis, Inc. (NYSE:PLD - Free Report) by 51.0% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 103,404 shares of the real estate investment trust's stock after purchasing an additional 34,910 shares during the period. Knights of Columbus Asset Advisors LLC's holdings in Prologis were worth $11,560,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also made changes to their positions in PLD. Norges Bank bought a new position in Prologis during the fourth quarter valued at approximately $951,263,000. Northern Trust Corp increased its position in shares of Prologis by 54.6% during the 4th 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 purchasing an additional 4,893,284 shares during the last quarter. Valeo Financial Advisors LLC lifted its stake in Prologis by 282.5% in the first quarter. Valeo Financial Advisors LLC now owns 3,875,386 shares of the real estate investment trust's stock worth $433,229,000 after purchasing an additional 2,862,183 shares during the last quarter. Capital Research Global Investors grew its stake in Prologis by 25.4% in the 4th quarter. Capital Research Global Investors now owns 12,345,523 shares of the real estate investment trust's stock worth $1,304,922,000 after acquiring an additional 2,500,761 shares in the last quarter. Finally, FMR LLC grew its stake in Prologis by 11.7% in the 4th quarter. FMR LLC now owns 17,878,397 shares of the real estate investment trust's stock worth $1,889,747,000 after acquiring an additional 1,875,978 shares in the last quarter. Institutional investors own 93.50% of the company's stock.
Analyst Upgrades and Downgrades
Several research firms have recently issued reports on PLD. BMO Capital Markets cut their price objective 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. UBS Group upped their price objective on shares of Prologis from $106.00 to $120.00 and gave the company a "buy" rating in a report on Tuesday, July 8th. Wall Street Zen downgraded shares of Prologis from a "hold" rating to a "sell" rating in a report on Saturday, June 14th. Royal Bank Of Canada cut their price objective on shares of Prologis from $128.00 to $117.00 and set a "sector perform" rating on the stock in a report on Tuesday, April 29th. Finally, Barclays cut their price objective on shares of Prologis from $132.00 to $119.00 and set an "overweight" rating on the stock in a report on Wednesday, April 30th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $120.74.
View Our Latest Research Report on Prologis
Prologis Price Performance
PLD stock opened at $109.76 on Friday. Prologis, Inc. has a 52-week low of $85.35 and a 52-week high of $132.57. The company has a quick ratio of 0.41, a current ratio of 0.19 and a debt-to-equity ratio of 0.60. The stock has a market cap of $101.85 billion, a price-to-earnings ratio of 29.74, a price-to-earnings-growth ratio of 2.76 and a beta of 1.23. The business has a fifty day moving average of $107.49 and a two-hundred day moving average of $109.72.
Prologis (NYSE:PLD - Get Free Report) last announced its earnings results on Wednesday, July 16th. The real estate investment trust reported $1.46 earnings per share for the quarter, topping the consensus estimate of $1.41 by $0.05. Prologis had a net margin of 40.29% and a return on equity of 5.96%. The company had revenue of $2.03 billion during the quarter, compared to analyst estimates of $2.03 billion. During the same quarter last year, the firm posted $1.34 earnings per share. Prologis's revenue was up 8.8% compared to the same quarter last year. As a group, research analysts anticipate that Prologis, Inc. will post 5.73 earnings per share for the current year.
Prologis Announces Dividend
The company 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 dividend on an annualized basis and a dividend yield of 3.68%. Prologis's payout ratio is 109.49%.
About Prologis
(
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.
See Also
Want to see what other hedge funds are holding PLD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Prologis, Inc. (NYSE:PLD - Free Report).

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