Prologis, Inc. (NYSE:PLD) Shares Bought by Stephens Inc. AR

Stephens Inc. AR increased its position in shares of Prologis, Inc. (NYSE:PLD - Free Report) by 40.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 55,476 shares of the real estate investment trust's stock after purchasing an additional 15,909 shares during the period. Stephens Inc. AR's holdings in Prologis were worth $6,202,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. New York State Common Retirement Fund boosted its holdings in Prologis by 1.6% during the first quarter. New York State Common Retirement Fund now owns 1,209,026 shares of the real estate investment trust's stock worth $135,157,000 after buying an additional 18,700 shares in the last quarter. Platform Technology Partners purchased a new stake in Prologis during the first quarter worth $239,000. Arizona State Retirement System boosted its holdings in Prologis by 1.6% during the first quarter. Arizona State Retirement System now owns 271,807 shares of the real estate investment trust's stock worth $30,385,000 after buying an additional 4,405 shares in the last quarter. Ballentine Partners LLC boosted its holdings in Prologis by 17.5% during the first quarter. Ballentine Partners LLC now owns 15,975 shares of the real estate investment trust's stock worth $1,786,000 after buying an additional 2,374 shares in the last quarter. Finally, IFC Advisors LLC purchased a new stake in Prologis during the first quarter worth $231,000. 93.50% of the stock is owned by hedge funds and other institutional investors.

Prologis Price Performance

Shares of Prologis stock traded down $0.83 during trading on Tuesday, reaching $108.52. 5,307,674 shares of the stock traded hands, compared to its average volume of 4,186,882. The company has a market capitalization of $100.70 billion, a price-to-earnings ratio of 27.13, a P/E/G ratio of 2.77 and a beta of 1.23. The business has a fifty day simple moving average of $107.29 and a two-hundred day simple moving average of $109.60. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.41 and a quick ratio of 0.41. Prologis, Inc. has a 52-week low of $85.35 and a 52-week high of $132.57.

Prologis (NYSE:PLD - Get Free Report) last posted its quarterly earnings results on Wednesday, April 16th. The real estate investment trust reported $1.42 earnings per share 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 firm had revenue of $1.99 billion during the quarter, compared to the consensus estimate of $1.99 billion. Sell-side analysts expect that Prologis, Inc. will post 5.73 EPS for the current year.

Prologis Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Tuesday, June 17th were given a dividend of $1.01 per share. The ex-dividend date was Tuesday, June 17th. This represents a $4.04 annualized dividend and a dividend yield of 3.72%. Prologis's dividend payout ratio (DPR) is presently 101.00%.

Analyst Ratings Changes

A number of brokerages recently issued reports on PLD. Wells Fargo & Company set a $137.00 price target on shares of Prologis and gave the stock an "overweight" rating in a report on Sunday. BMO Capital Markets decreased their price target on shares of Prologis from $105.00 to $95.00 and set an "outperform" rating on the stock in a research note on Monday, April 14th. CJS Securities decreased their price target on shares of Prologis from $140.00 to $117.00 in a research note on Friday, April 11th. Mizuho decreased their price target on shares of Prologis from $117.00 to $105.00 and set a "neutral" rating on the stock in a research note on Friday, April 11th. Finally, Scotiabank raised their price target 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 issued a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $120.47.

Prologis Company 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.