Trust Co. of Vermont Boosts Holdings in Prologis, Inc. (NYSE:PLD)

Trust Co. of Vermont raised its position in Prologis, Inc. (NYSE:PLD - Free Report) by 38.2% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 40,230 shares of the real estate investment trust's stock after buying an additional 11,111 shares during the quarter. Trust Co. of Vermont's holdings in Prologis were worth $4,497,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the company. Murphy & Mullick Capital Management Corp purchased a new position in Prologis during the fourth quarter worth about $26,000. Crowley Wealth Management Inc. purchased a new position in shares of Prologis during the 4th quarter worth approximately $27,000. REAP Financial Group LLC raised its stake in shares of Prologis by 40.0% during 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 in the last quarter. Whipplewood Advisors LLC acquired a new stake in shares of Prologis in the 4th quarter valued at approximately $34,000. Finally, Promus Capital LLC purchased a new stake in shares of Prologis in the fourth quarter valued at approximately $34,000. Hedge funds and other institutional investors own 93.50% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on PLD. CJS Securities reduced their target price on Prologis from $140.00 to $117.00 in a report on Friday, April 11th. Barclays cut their price target on shares of Prologis from $132.00 to $119.00 and set an "overweight" rating for the company in a report on Wednesday, April 30th. Wells Fargo & Company decreased their price objective on shares of Prologis from $146.00 to $119.00 and set an "overweight" rating on the stock in a report on Monday, May 19th. Mizuho lowered their target price on shares of Prologis from $117.00 to $105.00 and set a "neutral" rating on the stock in a research report on Friday, April 11th. Finally, Scotiabank lifted their price target on shares of Prologis from $97.00 to $100.00 and gave the company a "sector underperform" rating in a research report on Monday, May 12th. Two research analysts have rated the stock with a sell rating, seven have issued 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.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $120.42.

Prologis Trading Down 0.3%

Shares of PLD stock opened at $104.45 on Friday. The company has a market capitalization of $96.93 billion, a price-to-earnings ratio of 26.11, a PEG ratio of 2.66 and a beta of 1.25. The company has a current ratio of 0.41, a quick ratio of 0.41 and a debt-to-equity ratio of 0.56. The firm has a 50-day moving average price of $106.14 and a 200 day moving average price of $109.55. Prologis, Inc. has a twelve month low of $85.35 and a twelve month high of $132.57.

Prologis (NYSE:PLD - Get Free Report) last announced its quarterly earnings data on Wednesday, April 16th. The real estate investment trust reported $1.42 earnings per share for the quarter, topping 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 business had revenue of $1.99 billion for the quarter, compared to analyst estimates of $1.99 billion. Research analysts forecast that Prologis, Inc. will post 5.73 earnings per share for the current fiscal year.

Prologis Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Tuesday, June 17th will be given a dividend of $1.01 per share. This represents a $4.04 dividend on an annualized basis and a yield of 3.87%. The ex-dividend date of this dividend is Tuesday, June 17th. Prologis's dividend payout ratio (DPR) is presently 101.00%.

About Prologis

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.

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