Sowell Financial Services LLC increased its holdings in Prologis, Inc. (NYSE:PLD - Free Report) by 25.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,407 shares of the real estate investment trust's stock after acquiring an additional 2,933 shares during the period. Sowell Financial Services LLC's holdings in Prologis were worth $1,611,000 at the end of the most recent quarter.
Several other large investors have also added to or reduced their stakes in PLD. REAP Financial Group LLC boosted its holdings in Prologis by 40.0% during the fourth quarter. REAP Financial Group LLC now owns 294 shares of the real estate investment trust's stock worth $31,000 after purchasing an additional 84 shares during the last quarter. Phoenix Financial Ltd. boosted its stake in shares of Prologis by 1.0% in the 4th quarter. Phoenix Financial Ltd. now owns 9,032 shares of the real estate investment trust's stock worth $955,000 after buying an additional 86 shares during the last quarter. Black Diamond Financial LLC grew its holdings in shares of Prologis by 2.2% in the fourth quarter. Black Diamond Financial LLC now owns 4,246 shares of the real estate investment trust's stock valued at $449,000 after acquiring an additional 93 shares in the last quarter. CreativeOne Wealth LLC increased its position in shares of Prologis by 1.7% during the fourth quarter. CreativeOne Wealth LLC now owns 6,073 shares of the real estate investment trust's stock valued at $642,000 after acquiring an additional 100 shares during the last quarter. Finally, J.Safra Asset Management Corp increased its position in shares of Prologis by 22.3% during the fourth quarter. J.Safra Asset Management Corp now owns 559 shares of the real estate investment trust's stock valued at $59,000 after acquiring an additional 102 shares during the last quarter. Institutional investors own 93.50% of the company's stock.
Prologis Price Performance
Shares of PLD stock traded down $0.04 during trading hours on Thursday, reaching $105.05. The stock had a trading volume of 2,599,324 shares, compared to its average volume of 4,118,967. The stock's fifty day simple moving average is $105.22 and its 200 day simple moving average is $109.92. The firm has a market capitalization of $97.48 billion, a PE ratio of 26.26, a PEG ratio of 2.67 and a beta of 1.25. Prologis, Inc. has a 12 month low of $85.35 and a 12 month high of $132.57. The company has a current ratio of 0.41, a quick ratio of 0.41 and a debt-to-equity ratio of 0.56.
Prologis (NYSE:PLD - Get Free Report) last announced its quarterly earnings results on Wednesday, April 16th. The real estate investment trust reported $1.42 EPS for the quarter, beating the consensus estimate of $1.38 by $0.04. The firm had revenue of $1.99 billion during the quarter, compared to the consensus estimate of $1.99 billion. Prologis had a net margin of 44.59% and a return on equity of 6.45%. On average, equities research analysts predict that Prologis, Inc. will post 5.73 EPS for the current year.
Prologis Announces Dividend
The business 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 $1.01 dividend. This represents a $4.04 dividend on an annualized basis and a yield of 3.85%. The ex-dividend date is Tuesday, June 17th. Prologis's dividend payout ratio is currently 101.00%.
Analysts Set New Price Targets
Several research firms have weighed in on PLD. Robert W. Baird cut their price objective on Prologis from $126.00 to $120.00 and set an "outperform" rating on the stock in a research report on Wednesday, May 7th. Truist Financial reduced their price target on shares of Prologis from $123.00 to $120.00 and set a "buy" rating for the company in a research report on Monday, May 5th. Wolfe Research lowered shares of Prologis from an "outperform" rating to a "peer perform" rating in a research report on Monday, April 21st. Evercore ISI dropped their target price on shares of Prologis from $111.00 to $106.00 and set an "in-line" rating on the stock in a research note on Thursday, April 17th. Finally, Barclays reduced their target price 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. Two equities research analysts have rated the stock with a sell rating, seven have issued 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.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $120.42.
Check Out Our Latest Analysis on PLD
About Prologis
(
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.
Further Reading
Before you consider Prologis, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Prologis wasn't on the list.
While Prologis currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Learn the basics of options trading and how to use them to boost returns and manage risk with this free report from MarketBeat. Click the link below to get your free copy.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
