Muzinich & Co. Inc. Has $233,000 Position in Prologis, Inc. (NYSE:PLD)

Muzinich & Co. Inc. reduced its stake in Prologis, Inc. (NYSE:PLD - Free Report) by 87.9% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 2,087 shares of the real estate investment trust's stock after selling 15,172 shares during the quarter. Muzinich & Co. Inc.'s holdings in Prologis were worth $233,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Murphy & Mullick Capital Management Corp acquired a new position in shares of Prologis during the fourth quarter worth approximately $26,000. Crowley Wealth Management Inc. acquired a new position in shares of Prologis during the fourth quarter worth approximately $27,000. REAP Financial Group LLC lifted its holdings in shares of Prologis by 40.0% during the fourth 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 position in shares of Prologis during the first quarter worth approximately $43,000. Finally, Cornerstone Planning Group LLC lifted its holdings 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 buying an additional 152 shares during the last quarter. 93.50% of the stock is currently owned by institutional investors and hedge funds.

Prologis Trading Up 0.2%

Prologis stock traded up $0.26 during mid-day trading on Friday, hitting $106.69. The stock had a trading volume of 4,481,494 shares, compared to its average volume of 4,211,351. The stock has a 50-day simple moving average of $107.49 and a two-hundred day simple moving average of $109.62. The stock has a market capitalization of $99.00 billion, a PE ratio of 28.91, a P/E/G ratio of 2.68 and a beta of 1.23. Prologis, Inc. has a 12 month low of $85.35 and a 12 month 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.

Prologis (NYSE:PLD - Get Free Report) last issued its earnings results on Wednesday, July 16th. The real estate investment trust reported $1.46 earnings per share (EPS) 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 analysts' expectations of $2.03 billion. During the same quarter last year, the business earned $1.34 earnings per share. The company's revenue was up 8.8% compared to the same quarter last year. As a group, sell-side analysts forecast that Prologis, Inc. will post 5.73 EPS for the current year.

Prologis Announces Dividend

The business also recently announced 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 dividend on an annualized basis and a yield of 3.79%. The ex-dividend date of this dividend was Tuesday, June 17th. Prologis's dividend payout ratio (DPR) is currently 101.00%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on PLD. Robert W. Baird lowered their price objective on Prologis from $126.00 to $120.00 and set an "outperform" rating on the stock in a research report on Wednesday, May 7th. Wall Street Zen cut Prologis from a "hold" rating to a "sell" rating in a research report on Saturday, June 14th. BMO Capital Markets lowered their price target on Prologis from $105.00 to $95.00 and set an "outperform" rating on the stock in a research report on Monday, April 14th. UBS Group upped their price target on Prologis from $106.00 to $120.00 and gave the company a "buy" rating in a research report on Tuesday, July 8th. Finally, Wolfe Research cut Prologis from an "outperform" rating to a "peer perform" rating in a research report on Monday, April 21st. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $120.47.

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.