Segall Bryant & Hamill LLC cut its holdings in Prologis, Inc. (NYSE:PLD - Free Report) by 4.3% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 154,578 shares of the real estate investment trust's stock after selling 6,941 shares during the period. Segall Bryant & Hamill LLC's holdings in Prologis were worth $17,280,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also recently made changes to their positions in the company. Murphy & Mullick Capital Management Corp bought a new position in shares of Prologis in the 4th quarter worth about $26,000. Crowley Wealth Management Inc. bought a new stake in Prologis in the 4th quarter valued at about $27,000. 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 buying an additional 84 shares in the last quarter. Olde Wealth Management LLC bought a new stake in Prologis in the 1st quarter valued at about $43,000. Finally, 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 buying an additional 152 shares in the last quarter. 93.50% of the stock is owned by institutional investors.
Analysts Set New Price Targets
A number of brokerages recently commented on PLD. Wolfe Research lowered Prologis from an "outperform" rating to a "peer perform" rating in a research report on Monday, April 21st. Robert W. Baird decreased their target price on Prologis from $126.00 to $120.00 and set an "outperform" rating for the company in a research report on Wednesday, May 7th. Barclays decreased their target price on Prologis from $132.00 to $119.00 and set an "overweight" rating for the company in a research report on Wednesday, April 30th. Truist Financial decreased their target price on Prologis from $123.00 to $120.00 and set a "buy" rating for the company in a research report on Monday, May 5th. Finally, BMO Capital Markets decreased their target price on Prologis from $105.00 to $95.00 and set an "outperform" rating for the company in a research report on Monday, April 14th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $120.47.
Check Out Our Latest Research Report on PLD
Prologis Stock Performance
Shares of NYSE PLD traded up $0.26 during midday trading on Friday, reaching $106.69. The company's stock had a trading volume of 4,481,494 shares, compared to its average volume of 4,213,027. Prologis, Inc. has a 12-month low of $85.35 and a 12-month high of $132.57. The firm has a 50 day moving average price of $107.49 and a 200-day moving average price of $109.61. The stock has a market capitalization of $99.00 billion, a P/E ratio of 28.91, a PEG ratio of 2.77 and a beta of 1.23. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.19 and a quick ratio of 0.41.
Prologis (NYSE:PLD - Get Free Report) last announced its earnings results on Wednesday, July 16th. The real estate investment trust reported $1.46 earnings per share for the quarter, topping analysts' consensus estimates of $1.41 by $0.05. Prologis had a return on equity of 5.96% and a net margin of 40.29%. The firm had revenue of $2.03 billion for the quarter, compared to the consensus estimate of $2.03 billion. During the same quarter in the previous year, the business earned $1.34 EPS. The company's revenue was up 8.8% compared to the same quarter last year. As a group, equities analysts predict 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 was paid on Monday, June 30th. Stockholders of record on Tuesday, June 17th were paid a $1.01 dividend. 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 3.79%. Prologis's payout ratio is presently 101.00%.
Prologis Company Profile
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Free Report)
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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