Sabal Trust CO Purchases 4,960 Shares of Prologis, Inc. (NYSE:PLD)

Sabal Trust CO increased its holdings in shares of Prologis, Inc. (NYSE:PLD - Free Report) by 1.7% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 302,588 shares of the real estate investment trust's stock after purchasing an additional 4,960 shares during the period. Prologis makes up approximately 1.9% of Sabal Trust CO's holdings, making the stock its 14th largest position. Sabal Trust CO's holdings in Prologis were worth $33,826,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. Murphy & Mullick Capital Management Corp bought a new position in Prologis during the fourth quarter valued at about $26,000. Crowley Wealth Management Inc. bought a new position in Prologis during the fourth quarter valued at about $27,000. REAP Financial Group LLC increased its stake in Prologis by 40.0% during the fourth quarter. REAP Financial Group LLC now owns 294 shares of the real estate investment trust's stock valued at $31,000 after acquiring an additional 84 shares during the period. Promus Capital LLC bought a new position in Prologis during the fourth quarter valued at about $34,000. Finally, Whipplewood Advisors LLC bought a new position in Prologis during the fourth quarter valued at about $34,000. Institutional investors and hedge funds own 93.50% of the company's stock.

Prologis Price Performance

NYSE PLD traded up $1.19 during trading hours on Friday, reaching $105.58. 5,732,894 shares of the company's stock were exchanged, compared to its average volume of 4,129,814. The stock has a market cap of $97.97 billion, a PE ratio of 26.39, a price-to-earnings-growth ratio of 2.68 and a beta of 1.25. Prologis, Inc. has a one year low of $85.35 and a one year high of $132.57. The firm has a fifty day moving average of $106.21 and a 200-day moving average of $109.47. The company has a current ratio of 0.41, a quick ratio of 0.41 and a debt-to-equity ratio of 0.56.

Prologis (NYSE:PLD - Get Free Report) last released its quarterly earnings results on Wednesday, April 16th. The real estate investment trust reported $1.42 EPS for the quarter, topping analysts' consensus estimates of $1.38 by $0.04. Prologis had a return on equity of 6.45% and a net margin of 44.59%. The business had revenue of $1.99 billion for the quarter, compared to analyst estimates of $1.99 billion. On average, equities research analysts predict that Prologis, Inc. will post 5.73 earnings per share for the current fiscal year.

Prologis Dividend Announcement

The business also recently declared 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 3.83%. The ex-dividend date is Tuesday, June 17th. Prologis's dividend payout ratio (DPR) is currently 101.00%.

Wall Street Analyst Weigh In

PLD has been the topic of several research reports. Robert W. Baird lowered their price target on Prologis from $126.00 to $120.00 and set an "outperform" rating on the stock in a research note on Wednesday, May 7th. Morgan Stanley lowered their price target on Prologis to $120.00 and set an "outperform" rating on the stock in a research note on Monday, April 14th. Scotiabank upped their price objective on Prologis from $97.00 to $100.00 and gave the company a "sector underperform" rating in a research note on Monday, May 12th. Royal Bank Of Canada lowered their price objective on Prologis from $128.00 to $117.00 and set a "sector perform" rating on the stock in a research note on Tuesday, April 29th. Finally, Wall Street Zen lowered Prologis from a "hold" rating to a "sell" rating in a research note on Saturday, June 14th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating, ten have given a buy rating and two have issued 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 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.