River Street Advisors LLC Grows Holdings in Prologis, Inc. (NYSE:PLD)

River Street Advisors LLC lifted its stake in shares of Prologis, Inc. (NYSE:PLD - Free Report) by 334.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,687 shares of the real estate investment trust's stock after acquiring an additional 8,998 shares during the period. River Street Advisors LLC's holdings in Prologis were worth $1,306,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Murphy & Mullick Capital Management Corp purchased a new position in shares of Prologis during the 4th quarter worth about $26,000. Crowley Wealth Management Inc. purchased a new position in shares of Prologis during the 4th quarter worth about $27,000. Centricity Wealth Management LLC purchased a new position in shares of Prologis during the 4th quarter worth about $30,000. REAP Financial Group LLC lifted its holdings in shares of 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, Promus Capital LLC purchased a new position in shares of Prologis during the 4th quarter worth about $34,000. 93.50% of the stock is currently owned by hedge funds and other institutional investors.

Prologis Stock Down 0.0%

Shares of NYSE:PLD opened at $105.05 on Friday. The company has a quick ratio of 0.41, a current ratio of 0.41 and a debt-to-equity ratio of 0.56. Prologis, Inc. has a 52-week low of $85.35 and a 52-week high of $132.57. The company has a 50 day moving average of $105.43 and a two-hundred day moving average of $109.85. The company has a market capitalization of $97.48 billion, a price-to-earnings ratio of 26.26, a price-to-earnings-growth ratio of 2.67 and a beta of 1.25.

Prologis (NYSE:PLD - Get Free Report) last issued its quarterly earnings data 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. Prologis had a net margin of 44.59% and a return on equity of 6.45%. The company had revenue of $1.99 billion during the quarter, compared to the consensus estimate of $1.99 billion. As a group, analysts forecast that Prologis, Inc. will post 5.73 earnings per share for the current fiscal year.

Prologis Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Tuesday, June 17th will be given a dividend of $1.01 per share. This represents a $4.04 dividend on an annualized basis and a dividend yield of 3.85%. The ex-dividend date is Tuesday, June 17th. Prologis's payout ratio is currently 101.00%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on PLD shares. Wolfe Research lowered shares of Prologis from an "outperform" rating to a "peer perform" rating in a report on Monday, April 21st. Truist Financial cut their price objective on shares of Prologis from $123.00 to $120.00 and set a "buy" rating on the stock in a report on Monday, May 5th. BMO Capital Markets cut their price target 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 cut their price target on shares of Prologis from $128.00 to $117.00 and set a "sector perform" rating on the stock in a report on Tuesday, April 29th. Finally, Morgan Stanley cut their price target on shares of Prologis to $120.00 and set an "outperform" rating on the stock in a 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 issued a strong buy rating to the company. According to data from MarketBeat.com, Prologis currently has a consensus rating of "Moderate Buy" and a consensus 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.

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