Prologis, Inc. (NYSE:PLD) Shares Purchased by Stonegate Investment Group LLC

Stonegate Investment Group LLC grew its holdings in shares of Prologis, Inc. (NYSE:PLD - Free Report) by 1.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 575,829 shares of the real estate investment trust's stock after purchasing an additional 5,486 shares during the quarter. Prologis makes up about 1.7% of Stonegate Investment Group LLC's portfolio, making the stock its 22nd biggest holding. Stonegate Investment Group LLC owned approximately 0.06% of Prologis worth $64,372,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Advocate Group LLC boosted its position in Prologis by 3.1% during the first quarter. Advocate Group LLC now owns 37,328 shares of the real estate investment trust's stock worth $4,173,000 after acquiring an additional 1,130 shares during the last quarter. Jamison Private Wealth Management Inc. lifted its stake in Prologis by 17.9% in the 1st quarter. Jamison Private Wealth Management Inc. now owns 2,954 shares of the real estate investment trust's stock worth $330,000 after purchasing an additional 448 shares in the last quarter. Dupont Capital Management Corp boosted its holdings in shares of Prologis by 7.1% during the 1st quarter. Dupont Capital Management Corp now owns 79,629 shares of the real estate investment trust's stock worth $8,902,000 after purchasing an additional 5,309 shares during the last quarter. Segment Wealth Management LLC boosted its holdings in shares of Prologis by 3.3% during the 1st quarter. Segment Wealth Management LLC now owns 6,199 shares of the real estate investment trust's stock worth $693,000 after purchasing an additional 197 shares during the last quarter. Finally, Proathlete Wealth Management LLC purchased a new stake in shares of Prologis in the first quarter valued at approximately $116,000. Institutional investors and hedge funds own 93.50% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently commented on PLD shares. Wall Street Zen downgraded Prologis from a "hold" rating to a "sell" rating in a research report on Saturday, June 14th. BMO Capital Markets reduced their price target on Prologis from $105.00 to $95.00 and set an "outperform" rating on the stock in a report on Monday, April 14th. Scotiabank boosted their price target on shares of Prologis from $97.00 to $100.00 and gave the company a "sector underperform" rating in a research report on Monday, May 12th. Barclays cut their price objective on shares of Prologis from $132.00 to $119.00 and set an "overweight" rating for the company in a research report on Wednesday, April 30th. Finally, Evercore ISI decreased their target price on shares of Prologis from $111.00 to $106.00 and set an "in-line" rating on the stock in a report on Thursday, April 17th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $120.42.

Prologis Trading Up 0.6%

Shares of NYSE PLD opened at $105.67 on Friday. The company has a current ratio of 0.41, a quick ratio of 0.41 and a debt-to-equity ratio of 0.56. The stock has a market capitalization of $98.05 billion, a PE ratio of 26.42, a PEG ratio of 2.67 and a beta of 1.25. Prologis, Inc. has a twelve month low of $85.35 and a twelve month high of $132.57. The stock has a fifty day simple moving average of $105.62 and a 200-day simple moving average of $109.77.

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

Prologis Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Tuesday, June 17th will be paid a dividend of $1.01 per share. This represents a $4.04 annualized dividend and a yield of 3.82%. The ex-dividend date of this dividend is Tuesday, June 17th. Prologis's 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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