Loudon Investment Management LLC Takes Position in Prologis, Inc. (NYSE:PLD)

Loudon Investment Management LLC bought a new stake in shares of Prologis, Inc. (NYSE:PLD - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 4,585 shares of the real estate investment trust's stock, valued at approximately $513,000.

Other institutional investors also recently made changes to their positions in the company. Cohen & Steers Inc. lifted its holdings in shares of Prologis by 3.2% in the fourth quarter. Cohen & Steers Inc. now owns 28,331,750 shares of the real estate investment trust's stock valued at $2,994,557,000 after purchasing an additional 882,529 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Prologis by 2.9% in the fourth quarter. Geode Capital Management LLC now owns 21,372,231 shares of the real estate investment trust's stock valued at $2,252,853,000 after purchasing an additional 610,251 shares during the last quarter. FMR LLC grew its position in shares of Prologis by 11.7% in the fourth quarter. FMR LLC now owns 17,878,397 shares of the real estate investment trust's stock valued at $1,889,747,000 after purchasing an additional 1,875,978 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its stake in shares of Prologis by 2.1% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 16,596,799 shares of the real estate investment trust's stock valued at $1,754,282,000 after buying an additional 334,907 shares during the period. Finally, Northern Trust Corp lifted its stake 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 buying an additional 4,893,284 shares during the period. 93.50% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

PLD has been the subject of a number of analyst reports. Royal Bank Of Canada cut their price target on shares of Prologis from $128.00 to $117.00 and set a "sector perform" rating for the company in a research note on Tuesday, April 29th. BMO Capital Markets lowered their target price on shares of Prologis from $105.00 to $95.00 and set an "outperform" rating for the company in a report on Monday, April 14th. Mizuho lowered their target price on shares of Prologis from $117.00 to $105.00 and set a "neutral" rating for the company in a report on Friday, April 11th. Barclays lowered their target price on shares of Prologis from $132.00 to $119.00 and set an "overweight" rating for the company in a report on Wednesday, April 30th. Finally, Evercore ISI decreased their price target on shares of Prologis from $111.00 to $106.00 and set an "in-line" rating for the company in a report on Thursday, April 17th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $120.47.

Prologis Stock Performance

Shares of NYSE PLD traded up $0.82 during midday trading on Tuesday, hitting $108.68. The company's stock had a trading volume of 794,796 shares, compared to its average volume of 4,199,416. Prologis, Inc. has a one year low of $85.35 and a one year high of $132.57. The company has a current ratio of 0.19, a quick ratio of 0.41 and a debt-to-equity ratio of 0.60. The firm has a market capitalization of $100.85 billion, a price-to-earnings ratio of 29.48, a P/E/G ratio of 2.69 and a beta of 1.23. The stock has a fifty day moving average price of $107.49 and a 200 day moving average price of $109.68.

Prologis (NYSE:PLD - Get Free Report) last posted its earnings results on Wednesday, July 16th. The real estate investment trust reported $1.46 earnings per share (EPS) 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 business had revenue of $2.03 billion for the quarter, compared to analysts' expectations of $2.03 billion. During the same period in the prior year, the company posted $1.34 EPS. The business's revenue for the quarter was up 8.8% compared to the same quarter last year. On average, research analysts forecast that Prologis, Inc. will post 5.73 EPS for the current fiscal year.

Prologis Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Tuesday, June 17th were paid a dividend of $1.01 per share. This represents a $4.04 dividend on an annualized basis and a dividend yield of 3.72%. The ex-dividend date was Tuesday, June 17th. Prologis's payout ratio is 109.49%.

Prologis Company 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.

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