Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD Has $2.49 Million Stake in Prologis, Inc. (NYSE:PLD)

Key Points

• Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD reduced its stake in Prologis, Inc. by 65%, leaving them with 22,106 shares valued at approximately $2.49 million.
• Prologis's quarterly earnings report showed a profit of $1.46 per share, exceeding analysts' expectations and marking an 8.8% revenue increase from the previous year.
• Wall Street analysts have varying outlooks on Prologis, with a consensus rating of "Moderate Buy" and an average price target of $120.74.

Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD reduced its holdings in Prologis, Inc. (NYSE:PLD - Free Report) by 65.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,106 shares of the real estate investment trust's stock after selling 41,105 shares during the quarter. Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD's holdings in Prologis were worth $2,492,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of PLD. Murphy & Mullick Capital Management Corp bought a new position in Prologis during the fourth quarter worth about $26,000. REAP Financial Group LLC increased its stake in Prologis by 40.0% in the fourth quarter. REAP Financial Group LLC now owns 294 shares of the real estate investment trust's stock valued at $31,000 after purchasing an additional 84 shares in the last quarter. Olde Wealth Management LLC acquired a new stake in Prologis in the first quarter worth $43,000. Cornerstone Planning Group LLC boosted its position in shares of Prologis by 63.6% during the first quarter. Cornerstone Planning Group LLC now owns 391 shares of the real estate investment trust's stock worth $44,000 after purchasing an additional 152 shares in the last quarter. Finally, Missouri Trust & Investment Co grew its holdings in shares of Prologis by 59.6% in the 1st quarter. Missouri Trust & Investment Co now owns 399 shares of the real estate investment trust's stock valued at $45,000 after buying an additional 149 shares during the period. 93.50% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

PLD has been the topic of several research analyst reports. Morgan Stanley dropped their price objective on Prologis to $120.00 and set an "outperform" rating on the stock in a research note on Monday, April 14th. Robert W. Baird cut their price objective on Prologis from $126.00 to $120.00 and set an "outperform" rating on the stock in a report on Wednesday, May 7th. Mizuho decreased their price objective on Prologis from $117.00 to $105.00 and set a "neutral" rating for the company in a research report on Friday, April 11th. Scotiabank raised their target price on shares of Prologis from $97.00 to $100.00 and gave the stock a "sector underperform" rating in a report on Monday, May 12th. Finally, CJS Securities reduced their price target on shares of Prologis from $140.00 to $117.00 in a report on Friday, April 11th. Two 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 stock. According to data from MarketBeat.com, Prologis currently has a consensus rating of "Moderate Buy" and an average price target of $120.74.

Prologis Stock Performance

Shares of PLD opened at $110.23 on Friday. The company has a market cap of $102.29 billion, a PE ratio of 29.87, a price-to-earnings-growth ratio of 2.75 and a beta of 1.23. The firm has a 50-day moving average of $107.48 and a 200-day moving average of $109.74. Prologis, Inc. has a one year low of $85.35 and a one year high of $132.57. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.19 and a quick ratio of 0.41.

Prologis (NYSE:PLD - Get Free Report) last announced its quarterly earnings results on Wednesday, July 16th. The real estate investment trust reported $1.46 earnings per share for the quarter, topping analysts' consensus estimates of $1.41 by $0.05. Prologis had a return on equity of 5.96% and a net margin of 40.29%. The firm had revenue of $2.03 billion for the quarter, compared to the consensus estimate of $2.03 billion. During the same quarter in the previous year, the business earned $1.34 earnings per share. The business's revenue was up 8.8% compared to the same quarter last year. As a group, equities analysts forecast that Prologis, Inc. will post 5.73 earnings per share for the current year.

Prologis Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Tuesday, June 17th were issued a dividend of $1.01 per share. This represents a $4.04 annualized dividend and a yield of 3.66%. The ex-dividend date was Tuesday, June 17th. Prologis's dividend payout ratio is 109.49%.

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.

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