1,695 Shares in Prologis, Inc. (NYSE:PLD) Acquired by CapWealth Advisors LLC

CapWealth Advisors LLC acquired a new position in Prologis, Inc. (NYSE:PLD) in the fourth quarter, Holdings Channel reports. The fund acquired 1,695 shares of the real estate investment trust’s stock, valued at approximately $226,000.

Other large investors also recently bought and sold shares of the company. Thompson Investment Management Inc. bought a new position in Prologis in the fourth quarter worth approximately $28,000. FinTrust Capital Advisors LLC raised its stake in Prologis by 966.7% in the third quarter. FinTrust Capital Advisors LLC now owns 256 shares of the real estate investment trust’s stock worth $29,000 after buying an additional 232 shares in the last quarter. Salem Investment Counselors Inc. acquired a new position in shares of Prologis during the fourth quarter worth $37,000. Fairfield Bush & CO. acquired a new position in shares of Prologis during the second quarter worth $35,000. Finally, FNY Investment Advisers LLC acquired a new position in shares of Prologis during the fourth quarter worth $39,000. Institutional investors own 93.50% of the company’s stock.

Prologis Stock Performance

NYSE:PLD traded down $2.41 during mid-day trading on Thursday, hitting $104.08. The company’s stock had a trading volume of 2,818,155 shares, compared to its average volume of 3,347,919. Prologis, Inc. has a 1 year low of $96.64 and a 1 year high of $137.52. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.30 and a quick ratio of 0.30. The stock has a market cap of $96.28 billion, a price-to-earnings ratio of 31.86, a PEG ratio of 2.29 and a beta of 1.00. The business’s fifty day moving average is $128.99 and its two-hundred day moving average is $122.19.

Prologis (NYSE:PLD) last posted its quarterly earnings results on Wednesday, January 17th. The real estate investment trust reported $0.68 EPS for the quarter, missing the consensus estimate of $1.26 by ($0.58). Prologis had a net margin of 38.13% and a return on equity of 5.29%. The business had revenue of $1.89 billion during the quarter, compared to analysts’ expectations of $1.85 billion. During the same period in the previous year, the company posted $1.24 earnings per share. Prologis’s revenue for the quarter was up 7.8% compared to the same quarter last year. Analysts anticipate that Prologis, Inc. will post 5.5 EPS for the current fiscal year.

Prologis Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Monday, March 18th were paid a dividend of $0.96 per share. This is a positive change from Prologis’s previous quarterly dividend of $0.87. This represents a $3.84 annualized dividend and a dividend yield of 3.69%. The ex-dividend date was Friday, March 15th. Prologis’s dividend payout ratio is presently 116.72%.

Wall Street Analysts Forecast Growth

PLD has been the topic of a number of recent analyst reports. TheStreet raised Prologis from a “c+” rating to a “b-” rating in a research report on Friday, January 26th. Mizuho reaffirmed a “neutral” rating and set a $130.00 price target on shares of Prologis in a research report on Tuesday, April 2nd. Royal Bank of Canada upped their price target on Prologis from $128.00 to $145.00 and gave the stock an “outperform” rating in a research report on Friday, February 16th. Evercore ISI reduced their price target on Prologis from $136.00 to $123.00 and set an “in-line” rating on the stock in a research report on Thursday. Finally, Raymond James upped their price target on Prologis from $130.00 to $145.00 and gave the stock a “strong-buy” rating in a research report on Wednesday, January 24th. Four research 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.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $140.40.

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.