Prologis, Inc. (NYSE:PLD) Shares Purchased by FourThought Financial Partners LLC

Key Points

• FourThought Financial Partners LLC increased its stake in Prologis by 53.8% during the first quarter, now holding 34,255 shares valued at approximately $3.83 million.
• Prologis recently reported $1.46 earnings per share (EPS) for the last quarter, exceeding the consensus estimate of $1.41, while its revenue remained stable at $2.03 billion.
• The company declared a quarterly dividend of $1.01, resulting in an annual yield of 3.66%, although its dividend payout ratio is currently at 109.49%.

FourThought Financial Partners LLC grew its stake in Prologis, Inc. (NYSE:PLD - Free Report) by 53.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 34,255 shares of the real estate investment trust's stock after buying an additional 11,986 shares during the period. FourThought Financial Partners LLC's holdings in Prologis were worth $3,829,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of PLD. Murphy & Mullick Capital Management Corp acquired a new position in Prologis in the 4th quarter valued at about $26,000. REAP Financial Group LLC increased its position in Prologis by 40.0% in the 4th 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. Olde Wealth Management LLC acquired a new position in Prologis in the 1st quarter valued at about $43,000. Cornerstone Planning Group LLC increased its position in Prologis by 63.6% in the 1st quarter. Cornerstone Planning Group LLC now owns 391 shares of the real estate investment trust's stock valued at $44,000 after acquiring an additional 152 shares during the period. Finally, Missouri Trust & Investment Co increased its position in Prologis by 59.6% in the 1st quarter. Missouri Trust & Investment Co now owns 399 shares of the real estate investment trust's stock valued at $45,000 after acquiring an additional 149 shares during the period. Institutional investors and hedge funds own 93.50% of the company's stock.

Prologis Trading Up 0.5%

Shares of NYSE PLD opened at $110.23 on Friday. Prologis, Inc. has a one year low of $85.35 and a one year high of $132.57. The firm has a market capitalization of $102.29 billion, a PE ratio of 29.87, a PEG ratio of 2.75 and a beta of 1.23. The company has a current ratio of 0.19, a quick ratio of 0.41 and a debt-to-equity ratio of 0.60. The business has a 50-day moving average price of $107.48 and a two-hundred day moving average price of $109.74.

Prologis (NYSE:PLD - Get Free Report) last announced its earnings results on Wednesday, July 16th. The real estate investment trust reported $1.46 EPS for the quarter, topping the consensus estimate of $1.41 by $0.05. The firm had revenue of $2.03 billion for the quarter, compared to the consensus estimate of $2.03 billion. Prologis had a net margin of 40.29% and a return on equity of 5.96%. The business's quarterly revenue was up 8.8% on a year-over-year basis. During the same quarter last year, the firm posted $1.34 EPS. As a group, analysts predict that Prologis, Inc. will post 5.73 earnings per share for the current fiscal year.

Prologis Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Tuesday, June 17th were given a $1.01 dividend. This represents a $4.04 annualized dividend and a yield of 3.66%. The ex-dividend date was Tuesday, June 17th. Prologis's dividend payout ratio (DPR) is presently 109.49%.

Analyst Upgrades and Downgrades

PLD has been the subject of several recent analyst reports. Wolfe Research cut shares of Prologis from an "outperform" rating to a "peer perform" rating in a research note on Monday, April 21st. Mizuho decreased their price objective on shares of Prologis from $117.00 to $105.00 and set a "neutral" rating on the stock in a research report on Friday, April 11th. Evercore ISI reduced their target price on Prologis from $111.00 to $106.00 and set an "in-line" rating on the stock in a research note on Thursday, April 17th. Robert W. Baird decreased their price objective on Prologis from $126.00 to $120.00 and set an "outperform" rating on the stock in a research note on Wednesday, May 7th. Finally, Wall Street Zen lowered Prologis from a "hold" rating to a "sell" rating in a research note on Saturday, June 14th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $120.74.

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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