Larson Financial Group LLC Boosts Stake in Prologis, Inc. (NYSE:PLD)

Larson Financial Group LLC lifted its holdings in shares of Prologis, Inc. (NYSE:PLD - Free Report) by 17.1% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 22,267 shares of the real estate investment trust's stock after buying an additional 3,246 shares during the period. Larson Financial Group LLC's holdings in Prologis were worth $2,489,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Murphy & Mullick Capital Management Corp acquired a new stake in shares of Prologis during the fourth quarter worth $26,000. Crowley Wealth Management Inc. purchased a new position in Prologis during the 4th quarter worth $27,000. REAP Financial Group LLC raised 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 buying an additional 84 shares during the last quarter. Olde Wealth Management LLC acquired a new stake in shares of Prologis in the 1st quarter worth $43,000. Finally, Cornerstone Planning Group LLC boosted its holdings in shares of Prologis by 63.6% in the first quarter. Cornerstone Planning Group LLC now owns 391 shares of the real estate investment trust's stock valued at $44,000 after acquiring an additional 152 shares in the last quarter. Hedge funds and other institutional investors own 93.50% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Scotiabank increased their price target 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. Barclays dropped their target price on Prologis from $132.00 to $119.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 30th. Wall Street Zen cut Prologis from a "hold" rating to a "sell" rating in a report on Saturday, June 14th. CJS Securities decreased their price target on Prologis from $140.00 to $117.00 in a research note on Friday, April 11th. Finally, BMO Capital Markets dropped their price objective on 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 assigned a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $120.47.

Prologis Price Performance

Shares of Prologis stock traded down $3.42 during trading on Thursday, hitting $106.75. 4,731,250 shares of the company were exchanged, compared to its average volume of 4,637,629. Prologis, Inc. has a fifty-two week low of $85.35 and a fifty-two week high of $132.57. The company has a quick ratio of 0.41, a current ratio of 0.41 and a debt-to-equity ratio of 0.56. The firm has a 50 day moving average price of $107.47 and a 200 day moving average price of $109.60. The stock has a market capitalization of $99.06 billion, a price-to-earnings ratio of 26.69, a P/E/G ratio of 2.76 and a beta of 1.23.

Prologis (NYSE:PLD - Get Free Report) last released 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. The company had revenue of $2.03 billion during the quarter, compared to analysts' expectations of $2.03 billion. Prologis had a return on equity of 6.45% and a net margin of 44.59%. The business's revenue for the quarter was up 8.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.34 earnings per share. On average, equities analysts expect that Prologis, Inc. will post 5.73 earnings per share for the current fiscal year.

Prologis Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Tuesday, June 17th were given a dividend of $1.01 per share. The ex-dividend date of this dividend was Tuesday, June 17th. This represents a $4.04 annualized dividend and a yield of 3.78%. Prologis's dividend payout ratio (DPR) is presently 101.00%.

Prologis Profile

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.