Prologis, Inc. (NYSE:PLD) Holdings Raised by NBC Securities Inc.

NBC Securities Inc. grew its position in Prologis, Inc. (NYSE:PLD - Free Report) by 123,350.0% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,469 shares of the real estate investment trust's stock after acquiring an additional 2,467 shares during the quarter. NBC Securities Inc.'s holdings in Prologis were worth $276,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Aviva PLC increased its stake in Prologis by 36.6% during the fourth quarter. Aviva PLC now owns 695,187 shares of the real estate investment trust's stock valued at $73,481,000 after purchasing an additional 186,187 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Prologis by 29.8% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 784,360 shares of the real estate investment trust's stock worth $82,907,000 after buying an additional 179,880 shares during the last quarter. Allstate Corp grew its position in Prologis by 111.7% in the 4th quarter. Allstate Corp now owns 74,518 shares of the real estate investment trust's stock worth $7,877,000 after purchasing an additional 39,321 shares during the last quarter. Massachusetts Financial Services Co. MA grew its holdings in Prologis by 2.1% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 16,596,799 shares of the real estate investment trust's stock worth $1,754,282,000 after buying an additional 334,907 shares in the last quarter. Finally, Banco Santander S.A. grew its stake in shares of Prologis by 88.0% in the fourth quarter. Banco Santander S.A. now owns 4,683 shares of the real estate investment trust's stock worth $495,000 after purchasing an additional 2,192 shares in the last quarter. Institutional investors own 93.50% of the company's stock.

Prologis Trading Up 1.0%

Prologis stock opened at $108.91 on Friday. The business has a 50 day moving average price of $103.68 and a two-hundred day moving average price of $110.38. The company has a quick ratio of 0.43, a current ratio of 0.75 and a debt-to-equity ratio of 0.53. The stock has a market cap of $101.06 billion, a price-to-earnings ratio of 27.23, a price-to-earnings-growth ratio of 2.70 and a beta of 1.25. Prologis, Inc. has a 12 month low of $85.35 and a 12 month high of $132.57.

Prologis (NYSE:PLD - Get Free Report) last posted its quarterly earnings results on Wednesday, April 16th. The real estate investment trust reported $1.42 EPS for the quarter, beating the consensus estimate of $1.38 by $0.04. The firm 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%. As a group, equities analysts forecast that Prologis, Inc. will post 5.73 EPS for the current year.

Prologis Dividend Announcement

The firm 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 $1.01 dividend. This represents a $4.04 dividend on an annualized basis and a dividend yield of 3.71%. The ex-dividend date is Tuesday, June 17th. Prologis's dividend payout ratio is 101.00%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on PLD shares. Wells Fargo & Company decreased their price objective on shares of Prologis from $146.00 to $119.00 and set an "overweight" rating for the company in a report on Monday, May 19th. Morgan Stanley decreased their price objective on shares of Prologis to $120.00 and set an "outperform" rating for the company in a research note on Monday, April 14th. Wall Street Zen upgraded Prologis from a "sell" rating to a "hold" rating in a research report on Friday, May 30th. Mizuho decreased their target price on shares of Prologis from $117.00 to $105.00 and set a "neutral" rating for the company in a research note on Friday, April 11th. Finally, Evercore ISI reduced their price target on Prologis from $111.00 to $106.00 and set an "in-line" rating for the company in a report on Thursday, April 17th. One analyst has rated the stock with a sell rating, eight have given a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, Prologis has an average rating of "Moderate Buy" and an average price target of $120.42.

About Prologis

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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