Xponance Inc. Boosts Stock Holdings in Prologis, Inc. (NYSE:PLD)

Xponance Inc. grew its holdings in shares of Prologis, Inc. (NYSE:PLD - Free Report) by 6.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 136,289 shares of the real estate investment trust's stock after purchasing an additional 8,138 shares during the period. Xponance Inc.'s holdings in Prologis were worth $18,167,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. CreativeOne Wealth LLC raised its position in Prologis by 1.5% during the second quarter. CreativeOne Wealth LLC now owns 5,547 shares of the real estate investment trust's stock valued at $680,000 after acquiring an additional 82 shares in the last quarter. SevenOneSeven Capital Management increased its holdings in Prologis by 2.3% in the 4th quarter. SevenOneSeven Capital Management now owns 3,792 shares of the real estate investment trust's stock valued at $427,000 after buying an additional 86 shares during the period. Family Legacy Inc. increased its holdings in Prologis by 0.5% in the 4th quarter. Family Legacy Inc. now owns 16,634 shares of the real estate investment trust's stock valued at $2,217,000 after buying an additional 87 shares during the period. Lockerman Financial Group Inc. increased its holdings in Prologis by 2.0% in the 4th quarter. Lockerman Financial Group Inc. now owns 4,402 shares of the real estate investment trust's stock valued at $587,000 after buying an additional 87 shares during the period. Finally, Hixon Zuercher LLC grew its holdings in shares of Prologis by 0.6% in the 4th quarter. Hixon Zuercher LLC now owns 14,631 shares of the real estate investment trust's stock worth $1,950,000 after purchasing an additional 88 shares during the last quarter. Institutional investors and hedge funds own 93.50% of the company's stock.

Wall Street Analysts Forecast Growth

PLD has been the topic of several analyst reports. Barclays lowered their target price on shares of Prologis from $141.00 to $135.00 and set an "overweight" rating on the stock in a report on Wednesday. Royal Bank of Canada upped their target price on shares of Prologis from $128.00 to $145.00 and gave the stock an "outperform" rating in a report on Friday, February 16th. UBS Group lowered their target price on shares of Prologis from $151.00 to $138.00 and set a "buy" rating on the stock in a report on Thursday. Morgan Stanley upped their target price on shares of Prologis from $128.00 to $141.00 and gave the stock an "overweight" rating in a report on Wednesday, January 24th. Finally, Robert W. Baird upped their price target on shares of Prologis from $133.00 to $137.00 and gave the stock a "neutral" rating in a research report on Tuesday, January 23rd. Four investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $140.00.

Prologis Trading Down 1.7 %

Prologis stock traded down $1.82 during trading hours on Thursday, reaching $104.67. 6,310,203 shares of the company's stock traded hands, compared to its average volume of 3,391,285. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.30 and a current ratio of 0.30. Prologis, Inc. has a fifty-two week low of $96.64 and a fifty-two week high of $137.52. The firm has a market capitalization of $96.82 billion, a price-to-earnings ratio of 31.81, a PEG ratio of 2.29 and a beta of 1.00. The firm's 50 day moving average is $128.45 and its 200-day moving average is $122.07.

Prologis (NYSE:PLD - Get Free Report) last announced its quarterly earnings results on Wednesday, January 17th. The real estate investment trust reported $0.68 earnings per share for the quarter, missing analysts' consensus estimates of $1.26 by ($0.58). The firm had revenue of $1.89 billion during the quarter, compared to analyst estimates of $1.85 billion. Prologis had a net margin of 38.13% and a return on equity of 5.29%. The business's revenue was up 7.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.24 earnings per share. On average, analysts predict that Prologis, Inc. will post 5.5 earnings per share for the current year.

Prologis Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Monday, March 18th were given a $0.96 dividend. This represents a $3.84 dividend on an annualized basis and a dividend yield of 3.67%. This is an increase from Prologis's previous quarterly dividend of $0.87. The ex-dividend date of this dividend was Friday, March 15th. Prologis's dividend payout ratio (DPR) is currently 116.72%.

About Prologis

Prologis, Inc is the global leader in logistics real estate with a focus on high-barrier, high-growth markets. At December 31, 2023, 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.