State of Alaska Department of Revenue Has $62.71 Million Stock Holdings in Prologis, Inc. (NYSE:PLD)

State of Alaska Department of Revenue lifted its position in shares of Prologis, Inc. (NYSE:PLD - Free Report) by 1.3% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 560,997 shares of the real estate investment trust's stock after purchasing an additional 7,069 shares during the period. Prologis accounts for approximately 0.7% of State of Alaska Department of Revenue's investment portfolio, making the stock its 18th biggest holding. State of Alaska Department of Revenue owned approximately 0.06% of Prologis worth $62,712,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the company. Murphy & Mullick Capital Management Corp acquired a new stake in Prologis in the 4th quarter worth about $26,000. Crowley Wealth Management Inc. acquired a new position in shares of Prologis during the 4th quarter worth approximately $27,000. Centricity Wealth Management LLC bought a new position in shares of Prologis during the fourth quarter worth approximately $30,000. REAP Financial Group LLC raised its position in shares of Prologis by 40.0% in the fourth 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. Finally, Whipplewood Advisors LLC acquired a new stake in shares of Prologis in the fourth quarter valued at approximately $34,000. Institutional investors own 93.50% of the company's stock.

Prologis Price Performance

Shares of Prologis stock traded down $0.04 during midday trading on Thursday, hitting $105.05. 2,599,324 shares of the company traded hands, compared to its average volume of 4,118,967. The firm's fifty day moving average price is $105.22 and its 200-day moving average price is $109.92. The stock has a market cap of $97.48 billion, a price-to-earnings 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 debt-to-equity ratio of 0.56, a quick ratio of 0.41 and a current ratio of 0.41.

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

Prologis Announces Dividend

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

Wall Street Analysts Forecast Growth

PLD has been the topic of a number of analyst reports. CJS Securities reduced their price target on Prologis from $140.00 to $117.00 in a research report on Friday, April 11th. Barclays cut 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. Morgan Stanley decreased their price target on Prologis to $120.00 and set an "outperform" rating on the stock in a research report on Monday, April 14th. Wall Street Zen downgraded Prologis from a "hold" rating to a "sell" rating in a research note on Saturday, June 14th. Finally, Scotiabank increased their price objective on shares of Prologis from $97.00 to $100.00 and gave the stock a "sector underperform" rating in a research note on Monday, May 12th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating, ten have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price 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.