MassMutual Private Wealth & Trust FSB Increases Holdings in Prologis, Inc. (NYSE:PLD)

MassMutual Private Wealth & Trust FSB boosted its holdings in Prologis, Inc. (NYSE:PLD - Free Report) by 10.8% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 33,652 shares of the real estate investment trust's stock after acquiring an additional 3,287 shares during the quarter. MassMutual Private Wealth & Trust FSB's holdings in Prologis were worth $3,762,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the business. Murphy & Mullick Capital Management Corp bought a new position in shares of Prologis during the 4th quarter valued at about $26,000. Crowley Wealth Management Inc. bought a new position in shares of Prologis during the 4th quarter valued at about $27,000. Centricity Wealth Management LLC bought a new position in shares of Prologis during the 4th quarter valued at about $30,000. REAP Financial Group LLC increased its position in shares of Prologis by 40.0% during the 4th quarter. REAP Financial Group LLC now owns 294 shares of the real estate investment trust's stock valued at $31,000 after purchasing an additional 84 shares during the last quarter. Finally, Whipplewood Advisors LLC bought a new position in shares of Prologis during the 4th quarter valued at about $34,000. 93.50% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have recently commented on PLD. Wolfe Research lowered Prologis from an "outperform" rating to a "peer perform" rating in a research report on Monday, April 21st. Evercore ISI reduced their price target on Prologis from $111.00 to $106.00 and set an "in-line" rating on the stock in a research report on Thursday, April 17th. Wells Fargo & Company reduced their price target on Prologis from $146.00 to $119.00 and set an "overweight" rating on the stock in a research report on Monday, May 19th. Mizuho reduced their price target on Prologis from $117.00 to $105.00 and set a "neutral" rating on the stock in a research report on Friday, April 11th. Finally, BMO Capital Markets reduced 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. One research analyst has rated the stock with a sell rating, eight have given a hold rating, ten have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $120.42.

Prologis Trading Down 0.5%

NYSE PLD traded down $0.59 on Friday, hitting $108.64. The company's stock had a trading volume of 7,261,566 shares, compared to its average volume of 4,165,353. Prologis, Inc. has a 52-week low of $85.35 and a 52-week high of $132.57. The company has a current ratio of 0.75, a quick ratio of 0.43 and a debt-to-equity ratio of 0.53. The company's 50-day simple moving average is $103.94 and its 200 day simple moving average is $110.63. The firm has a market cap of $100.81 billion, a P/E ratio of 27.16, a PEG ratio of 2.70 and a beta of 1.25.

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

Prologis Dividend Announcement

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