Prologis, Inc. (NYSE:PLD) Shares Purchased by Czech National Bank

Czech National Bank raised its position in shares of Prologis, Inc. (NYSE:PLD - Free Report) by 6.0% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 212,789 shares of the real estate investment trust's stock after acquiring an additional 11,976 shares during the quarter. Czech National Bank's holdings in Prologis were worth $23,788,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in PLD. Murphy & Mullick Capital Management Corp bought a new stake in shares of Prologis during the fourth quarter valued at approximately $26,000. Crowley Wealth Management Inc. bought a new stake in shares of Prologis during the 4th quarter valued at $27,000. Centricity Wealth Management LLC purchased a new stake in Prologis in the fourth quarter worth about $30,000. REAP Financial Group LLC raised its stake in Prologis by 40.0% during the 4th quarter. REAP Financial Group LLC now owns 294 shares of the real estate investment trust's stock worth $31,000 after acquiring an additional 84 shares during the period. Finally, Whipplewood Advisors LLC bought a new position in Prologis in the 4th quarter worth $34,000. Institutional investors own 93.50% of the company's stock.

Prologis Stock Performance

NYSE PLD traded up $0.29 during mid-day trading on Thursday, reaching $108.72. 984,885 shares of the stock were exchanged, compared to its average volume of 4,140,494. Prologis, Inc. has a 1 year low of $85.35 and a 1 year high of $132.57. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.43 and a current ratio of 0.75. The business's 50 day moving average is $103.81 and its 200-day moving average is $110.50. The company has a market capitalization of $100.88 billion, a P/E ratio of 27.18, a P/E/G ratio of 2.70 and a beta of 1.25.

Prologis (NYSE:PLD - Get Free Report) last announced its earnings results on Wednesday, April 16th. The real estate investment trust reported $1.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.38 by $0.04. The business had revenue of $1.99 billion for the quarter, compared to analyst estimates of $1.99 billion. Prologis had a net margin of 45.50% and a return on equity of 6.44%. On average, equities research analysts forecast that Prologis, Inc. will post 5.73 EPS for the current fiscal year.

Prologis Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Tuesday, June 17th will be given a $1.01 dividend. The ex-dividend date is Tuesday, June 17th. This represents a $4.04 dividend on an annualized basis and a yield of 3.72%. Prologis's dividend payout ratio is currently 101.00%.

Analyst Ratings Changes

Several equities analysts have recently commented on PLD shares. Wolfe Research downgraded shares of Prologis from an "outperform" rating to a "peer perform" rating in a report on Monday, April 21st. BMO Capital Markets reduced their price objective on shares of Prologis from $105.00 to $95.00 and set an "outperform" rating on the stock in a research report on Monday, April 14th. Robert W. Baird lowered their target price on shares of Prologis from $126.00 to $120.00 and set an "outperform" rating for the company in a research note 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. Finally, Wells Fargo & Company cut their price objective on shares of Prologis from $146.00 to $119.00 and set an "overweight" rating on the stock in a report on Monday, May 19th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, Prologis presently has an average rating of "Moderate Buy" and an average price target of $120.42.

Prologis 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.