TD Private Client Wealth LLC Raises Position in Prologis, Inc. (NYSE:PLD)

TD Private Client Wealth LLC raised its stake in shares of Prologis, Inc. (NYSE:PLD - Free Report) by 25.7% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 85,435 shares of the real estate investment trust's stock after buying an additional 17,441 shares during the quarter. TD Private Client Wealth LLC's holdings in Prologis were worth $9,551,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in PLD. Murphy & Mullick Capital Management Corp purchased a new position in shares of Prologis in the fourth quarter worth $26,000. Crowley Wealth Management Inc. bought a new stake in Prologis in the 4th quarter worth about $27,000. REAP Financial Group LLC raised its position in Prologis by 40.0% in the 4th quarter. REAP Financial Group LLC now owns 294 shares of the real estate investment trust's stock worth $31,000 after buying an additional 84 shares during the last quarter. Olde Wealth Management LLC bought a new position in Prologis during the 1st quarter valued at about $43,000. Finally, Missouri Trust & Investment Co lifted its stake in Prologis by 59.6% during the 1st quarter. Missouri Trust & Investment Co now owns 399 shares of the real estate investment trust's stock valued at $45,000 after acquiring an additional 149 shares during the period. 93.50% of the stock is owned by institutional investors.

Prologis Price Performance

Shares of PLD stock traded down $1.71 during trading hours on Monday, hitting $106.31. The stock had a trading volume of 3,837,856 shares, compared to its average volume of 4,169,085. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.41 and a quick ratio of 0.41. The stock has a market capitalization of $98.65 billion, a price-to-earnings ratio of 26.58, a PEG ratio of 2.74 and a beta of 1.23. Prologis, Inc. has a one year low of $85.35 and a one year high of $132.57. The stock's 50-day moving average price is $106.82 and its two-hundred day moving average price is $109.48.

Prologis (NYSE:PLD - Get Free Report) last released its quarterly earnings data on Wednesday, April 16th. The real estate investment trust reported $1.42 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.38 by $0.04. The business had revenue of $1.99 billion for the quarter, compared to the consensus estimate of $1.99 billion. Prologis had a return on equity of 6.45% and a net margin of 44.59%. Equities analysts forecast that Prologis, Inc. will post 5.73 EPS for the current year.

Prologis Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Tuesday, June 17th were paid a $1.01 dividend. The ex-dividend date of this dividend was Tuesday, June 17th. This represents a $4.04 dividend on an annualized basis and a dividend yield of 3.80%. Prologis's payout ratio is currently 101.00%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on PLD shares. Wall Street Zen cut shares of Prologis from a "hold" rating to a "sell" rating in a report on Saturday, June 14th. Wells Fargo & Company decreased their target price on Prologis from $146.00 to $119.00 and set an "overweight" rating on the stock in a report on Monday, May 19th. Wolfe Research lowered Prologis from an "outperform" rating to a "peer perform" rating in a report on Monday, April 21st. Scotiabank upped their price target on Prologis from $97.00 to $100.00 and gave the stock a "sector underperform" rating in a research report on Monday, May 12th. Finally, CJS Securities lowered their price objective on Prologis from $140.00 to $117.00 in a research report on Friday, April 11th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average 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.