TFR Capital LLC. Invests $391,000 in Prologis, Inc. (NYSE:PLD)

TFR Capital LLC. purchased a new stake in shares of Prologis, Inc. (NYSE:PLD - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 3,494 shares of the real estate investment trust's stock, valued at approximately $391,000.

Other hedge funds also recently modified their holdings of the company. REAP Financial Group LLC lifted 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 acquiring an additional 84 shares during the period. Phoenix Financial Ltd. grew its position in shares of Prologis by 1.0% in the fourth quarter. Phoenix Financial Ltd. now owns 9,032 shares of the real estate investment trust's stock valued at $955,000 after purchasing an additional 86 shares in the last quarter. CreativeOne Wealth LLC increased its stake in Prologis by 1.7% in the 4th quarter. CreativeOne Wealth LLC now owns 6,073 shares of the real estate investment trust's stock worth $642,000 after acquiring an additional 100 shares during the last quarter. Focus Financial Network Inc. increased its stake in Prologis by 5.2% in the 1st quarter. Focus Financial Network Inc. now owns 2,093 shares of the real estate investment trust's stock worth $234,000 after acquiring an additional 104 shares during the last quarter. Finally, Loomis Sayles & Co. L P boosted its holdings in shares of Prologis by 9.2% in the 4th quarter. Loomis Sayles & Co. L P now owns 1,346 shares of the real estate investment trust's stock worth $142,000 after purchasing an additional 113 shares in the last quarter. 93.50% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on PLD shares. Mizuho dropped their target price on Prologis from $117.00 to $105.00 and set a "neutral" rating for the company in a report on Friday, April 11th. Wall Street Zen cut Prologis from a "hold" rating to a "sell" rating in a report on Saturday, June 14th. Barclays dropped their target price on Prologis from $132.00 to $119.00 and set an "overweight" rating for the company in a report on Wednesday, April 30th. Truist Financial dropped their target price on Prologis from $123.00 to $120.00 and set a "buy" rating for the company in a report on Monday, May 5th. Finally, BMO Capital Markets dropped their price objective on Prologis from $105.00 to $95.00 and set an "outperform" rating for the company in a report on Monday, April 14th. Two analysts have rated the stock with a sell rating, seven have given a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $120.47.

Prologis Stock Performance

PLD stock traded up $1.45 during trading on Wednesday, hitting $110.07. The company had a trading volume of 12,177,867 shares, compared to its average volume of 4,221,266. The firm has a market cap of $102.14 billion, a PE ratio of 27.52, a price-to-earnings-growth ratio of 2.76 and a beta of 1.23. Prologis, Inc. has a 1-year low of $85.35 and a 1-year high of $132.57. The firm has a 50-day moving average price of $107.37 and a 200-day moving average price of $109.60. 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 (NYSE:PLD - Get Free Report) last issued its quarterly earnings results on Wednesday, July 16th. The real estate investment trust reported $1.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.41 by $0.05. The firm had revenue of $2.03 billion for the quarter, compared to analysts' expectations of $2.03 billion. Prologis had a return on equity of 6.45% and a net margin of 44.59%. The firm's revenue for the quarter was up 8.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.34 EPS. On average, analysts expect that Prologis, Inc. will post 5.73 earnings per share 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 issued a $1.01 dividend. This represents a $4.04 dividend on an annualized basis and a yield of 3.67%. The ex-dividend date of this dividend was Tuesday, June 17th. Prologis's dividend payout ratio is presently 101.00%.

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.