Liberty One Investment Management LLC Grows Stock Holdings in Prologis, Inc. (NYSE:PLD)

Liberty One Investment Management LLC increased its stake in Prologis, Inc. (NYSE:PLD - Free Report) by 10.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 43,537 shares of the real estate investment trust's stock after acquiring an additional 4,094 shares during the period. Liberty One Investment Management LLC's holdings in Prologis were worth $4,867,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Murphy & Mullick Capital Management Corp acquired a new stake in shares of Prologis in the fourth quarter valued at $26,000. Crowley Wealth Management Inc. acquired a new stake in shares of Prologis in the fourth quarter valued at $27,000. REAP Financial Group LLC raised its stake in shares of 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 acquiring an additional 84 shares in the last quarter. Olde Wealth Management LLC acquired a new stake in shares of Prologis in the first quarter valued at $43,000. Finally, Missouri Trust & Investment Co raised its stake in Prologis by 59.6% in the first 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 in the last quarter. 93.50% of the stock is currently owned by institutional investors and hedge funds.

Prologis Stock Performance

Shares of PLD traded up $0.64 during midday trading on Friday, reaching $109.05. 3,209,283 shares of the stock were exchanged, compared to its average volume of 4,184,081. The business's 50-day moving average price is $107.21 and its 200 day moving average price is $109.52. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.41 and a quick ratio of 0.41. Prologis, Inc. has a twelve month low of $85.35 and a twelve month high of $132.57. The company has a market capitalization of $101.19 billion, a price-to-earnings ratio of 27.26, a PEG ratio of 2.75 and a beta of 1.23.

Prologis (NYSE:PLD - Get Free Report) last released 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 return on equity of 6.45% and a net margin of 44.59%. The firm had revenue of $1.99 billion for the quarter, compared to analyst estimates of $1.99 billion. On average, sell-side analysts expect that Prologis, Inc. will post 5.73 EPS for the current fiscal year.

Prologis Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Tuesday, June 17th were issued a dividend of $1.01 per share. This represents a $4.04 dividend on an annualized basis and a dividend yield of 3.70%. The ex-dividend date of this dividend was Tuesday, June 17th. Prologis's dividend payout ratio is currently 101.00%.

Analyst Upgrades and Downgrades

PLD has been the topic of a number of analyst reports. Mizuho cut their price target on Prologis from $117.00 to $105.00 and set a "neutral" rating on the stock in a research note on Friday, April 11th. UBS Group raised their price target on Prologis from $106.00 to $120.00 and gave the company a "buy" rating in a research note on Tuesday. Morgan Stanley cut their price target on Prologis to $120.00 and set an "outperform" rating on the stock in a research note on Monday, April 14th. Scotiabank raised their price target on Prologis from $97.00 to $100.00 and gave the company a "sector underperform" rating in a research note on Monday, May 12th. Finally, Wall Street Zen cut Prologis from a "hold" rating to a "sell" rating in a research note on Saturday, June 14th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating, ten have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $119.53.

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.