Prologis, Inc. (NYSE:PLD) Shares Purchased by Hennion & Walsh Asset Management Inc.

Hennion & Walsh Asset Management Inc. increased its position in shares of Prologis, Inc. (NYSE:PLD - Free Report) by 37.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,881 shares of the real estate investment trust's stock after acquiring an additional 3,250 shares during the quarter. Hennion & Walsh Asset Management Inc.'s holdings in Prologis were worth $1,328,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Murphy & Mullick Capital Management Corp acquired a new position in Prologis in the fourth quarter valued at about $26,000. Crowley Wealth Management Inc. acquired a new position in Prologis in the fourth quarter valued at about $27,000. Centricity Wealth Management LLC acquired a new position in Prologis in the fourth quarter valued at about $30,000. REAP Financial Group LLC lifted its position in Prologis by 40.0% in the fourth quarter. REAP Financial Group LLC now owns 294 shares of the real estate investment trust's stock valued at $31,000 after buying an additional 84 shares during the last quarter. Finally, Whipplewood Advisors LLC acquired a new position in Prologis in the fourth quarter valued at about $34,000. Institutional investors and hedge funds own 93.50% of the company's stock.

Analyst Ratings Changes

A number of research analysts have commented on PLD shares. Mizuho decreased their target price 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. Wolfe Research cut shares of Prologis from an "outperform" rating to a "peer perform" rating in a research report on Monday, April 21st. Scotiabank boosted their price target on shares of Prologis from $97.00 to $100.00 and gave the stock a "sector underperform" rating in a research note on Monday, May 12th. Morgan Stanley cut their price target on shares of Prologis to $120.00 and set an "outperform" rating on the stock in a research note on Monday, April 14th. Finally, Robert W. Baird cut their price target on shares of Prologis from $126.00 to $120.00 and set an "outperform" rating on the stock in a research note on Wednesday, May 7th. 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 MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $120.42.

Prologis Stock Up 1.0%

PLD stock opened at $108.91 on Friday. The company's 50 day moving average price is $103.68 and its 200 day moving average price is $110.41. 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 fifty-two week low of $85.35 and a fifty-two week high of $132.57. The firm has a market capitalization of $101.06 billion, a price-to-earnings ratio of 27.23, 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 earnings per share for the quarter, topping analysts' consensus estimates of $1.38 by $0.04. Prologis had a net margin of 45.50% and a return on equity of 6.44%. The firm had revenue of $1.99 billion for the quarter, compared to analyst estimates of $1.99 billion. On average, equities research analysts anticipate that Prologis, Inc. will post 5.73 EPS for the current fiscal year.

Prologis Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Tuesday, June 17th will be paid a $1.01 dividend. The ex-dividend date of this dividend is Tuesday, June 17th. This represents a $4.04 annualized dividend and a yield of 3.71%. Prologis's dividend payout ratio is currently 101.00%.

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.

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