Prologis, Inc. (NYSE:PLD) Shares Bought by J.W. Cole Advisors Inc.

J.W. Cole Advisors Inc. lifted its stake in Prologis, Inc. (NYSE:PLD - Free Report) by 109.6% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 11,635 shares of the real estate investment trust's stock after buying an additional 6,083 shares during the quarter. J.W. Cole Advisors Inc.'s holdings in Prologis were worth $1,301,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Brighton Jones LLC grew its position in shares of Prologis by 629.0% in the fourth quarter. Brighton Jones LLC now owns 17,475 shares of the real estate investment trust's stock valued at $1,847,000 after purchasing an additional 15,078 shares in the last quarter. Proficio Capital Partners LLC increased its stake in shares of Prologis by 74.8% in the 4th quarter. Proficio Capital Partners LLC now owns 3,277 shares of the real estate investment trust's stock worth $346,000 after acquiring an additional 1,402 shares during the last quarter. LPL Financial LLC raised its stake in Prologis by 16.8% during the fourth quarter. LPL Financial LLC now owns 951,459 shares of the real estate investment trust's stock worth $100,569,000 after purchasing an additional 136,545 shares during the period. Congress Wealth Management LLC DE lifted its holdings in Prologis by 7.4% in the fourth quarter. Congress Wealth Management LLC DE now owns 20,930 shares of the real estate investment trust's stock valued at $2,212,000 after acquiring an additional 1,449 shares during the last quarter. Finally, EntryPoint Capital LLC grew its position in Prologis by 8.7% in the fourth quarter. EntryPoint Capital LLC now owns 3,230 shares of the real estate investment trust's stock worth $341,000 after acquiring an additional 258 shares during the period. 93.50% of the stock is owned by hedge funds and other institutional investors.

Prologis Stock Performance

NYSE:PLD traded down $0.24 during midday trading on Thursday, reaching $109.76. The stock had a trading volume of 6,208,847 shares, compared to its average volume of 4,696,875. The company has a quick ratio of 0.41, a current ratio of 0.19 and a debt-to-equity ratio of 0.60. The stock has a market cap of $101.85 billion, a P/E ratio of 29.74, a P/E/G ratio of 2.76 and a beta of 1.23. The firm has a fifty day simple moving average of $107.49 and a two-hundred day simple moving average of $109.72. 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 issued its quarterly earnings results on Wednesday, July 16th. The real estate investment trust reported $1.46 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.41 by $0.05. The business had revenue of $2.03 billion for the quarter, compared to analyst estimates of $2.03 billion. Prologis had a net margin of 40.29% and a return on equity of 5.96%. The business's revenue was up 8.8% compared to the same quarter last year. During the same period in the previous year, the business posted $1.34 earnings per share. On average, equities analysts expect that Prologis, Inc. will post 5.73 EPS for the current year.

Prologis Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Tuesday, June 17th were paid a dividend of $1.01 per share. The ex-dividend date of this dividend was Tuesday, June 17th. This represents a $4.04 dividend on an annualized basis and a dividend yield of 3.68%. Prologis's dividend payout ratio (DPR) is presently 109.49%.

Analysts Set New Price Targets

PLD has been the topic of several research reports. Wolfe Research lowered Prologis from an "outperform" rating to a "peer perform" rating in a research note on Monday, April 21st. BMO Capital Markets reduced their target price on shares of Prologis from $105.00 to $95.00 and set an "outperform" rating on the stock in a report on Monday, April 14th. Royal Bank Of Canada dropped their price target on shares of Prologis from $128.00 to $117.00 and set a "sector perform" rating for the company in a research note on Tuesday, April 29th. Morgan Stanley decreased their target price on Prologis to $120.00 and set an "outperform" rating for the company in a report on Monday, April 14th. Finally, Truist Financial lowered their price objective on Prologis from $123.00 to $120.00 and set a "buy" rating for the company in a research report on Monday, May 5th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average 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.