17,043 Shares in Prologis, Inc. (NYSE:PLD) Bought by Neo Ivy Capital Management

Neo Ivy Capital Management purchased a new position in shares of Prologis, Inc. (NYSE:PLD - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 17,043 shares of the real estate investment trust's stock, valued at approximately $1,801,000.

Other large investors have also recently added to or reduced their stakes in the company. Murphy & Mullick Capital Management Corp acquired a new stake in Prologis during the 4th quarter valued at $26,000. Crowley Wealth Management Inc. bought a new stake in shares of Prologis during the 4th quarter worth about $27,000. Centricity Wealth Management LLC acquired a new position in Prologis in the 4th quarter valued at about $30,000. Promus Capital LLC bought a new position in shares of Prologis during the fourth quarter worth approximately $34,000. Finally, Whipplewood Advisors LLC acquired a new stake in Prologis during the 4th quarter worth approximately $34,000. Institutional investors and hedge funds own 93.50% of the company's stock.

Prologis Trading Up 1.2%

NYSE:PLD traded up $1.31 during trading hours on Wednesday, reaching $107.93. The company's stock had a trading volume of 4,579,836 shares, compared to its average volume of 4,192,957. The firm has a 50-day simple moving average of $103.98 and a 200-day simple moving average of $110.71. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.43 and a current ratio of 0.75. Prologis, Inc. has a 1 year low of $85.35 and a 1 year high of $132.57. The firm has a market capitalization of $100.15 billion, a price-to-earnings ratio of 26.98, a PEG ratio of 2.70 and a beta of 1.25.

Prologis (NYSE:PLD - Get Free Report) last posted its quarterly earnings results on Wednesday, April 16th. The real estate investment trust reported $1.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.38 by $0.04. The business had revenue of $1.99 billion for the quarter, compared to analyst estimates of $1.99 billion. Prologis had a return on equity of 6.44% and a net margin of 45.50%. Research analysts expect that Prologis, Inc. will post 5.73 EPS for the current fiscal year.

Prologis Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Tuesday, June 17th will be paid a dividend of $1.01 per share. This represents a $4.04 annualized dividend and a dividend yield of 3.74%. The ex-dividend date is Tuesday, June 17th. Prologis's dividend payout ratio (DPR) is 101.00%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on PLD shares. Wall Street Zen cut Prologis from a "hold" rating to a "sell" rating in a research report on Thursday, May 22nd. Truist Financial decreased their target price on shares of Prologis from $123.00 to $120.00 and set a "buy" rating on the stock in a research report on Monday, May 5th. 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. Barclays decreased their price objective on shares of Prologis from $132.00 to $119.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 30th. Finally, Wolfe Research cut Prologis from an "outperform" rating to a "peer perform" rating in a research note on Monday, April 21st. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, Prologis currently has a consensus rating of "Moderate Buy" and a consensus price target of $120.42.

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.