Calamos Advisors LLC Has $28.71 Million Stake in Prologis, Inc. (NYSE:PLD)

Calamos Advisors LLC decreased its position in shares of Prologis, Inc. (NYSE:PLD) by 1.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 215,408 shares of the real estate investment trust’s stock after selling 4,190 shares during the period. Calamos Advisors LLC’s holdings in Prologis were worth $28,714,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Thompson Investment Management Inc. acquired a new position in Prologis during the 4th quarter worth $28,000. FinTrust Capital Advisors LLC increased its holdings in shares of Prologis by 966.7% during the 3rd quarter. FinTrust Capital Advisors LLC now owns 256 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 232 shares during the period. Salem Investment Counselors Inc. bought a new position in shares of Prologis during the 4th quarter worth about $37,000. Fairfield Bush & CO. bought a new position in shares of Prologis during the 2nd quarter worth about $35,000. Finally, FNY Investment Advisers LLC bought a new position in shares of Prologis during the 4th quarter worth about $39,000. Institutional investors and hedge funds own 93.50% of the company’s stock.

Prologis Trading Down 1.2 %

NYSE:PLD traded down $1.22 during trading hours on Friday, hitting $103.47. The stock had a trading volume of 1,232,032 shares, compared to its average volume of 3,364,128. Prologis, Inc. has a one year low of $96.64 and a one year high of $137.52. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.30 and a current ratio of 0.08. The company has a market cap of $95.71 billion, a price-to-earnings ratio of 30.61, a P/E/G ratio of 2.14 and a beta of 1.00. The business’s 50 day moving average is $128.45 and its 200-day moving average is $122.07.

Prologis (NYSE:PLD) last issued its 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 38.73% and a return on equity of 5.49%. The firm had revenue of $1.89 billion during the quarter, compared to the consensus estimate of $1.85 billion. During the same period in the previous year, the company posted $1.24 EPS. The firm’s revenue for the quarter was up 7.8% on a year-over-year basis. Sell-side analysts anticipate that Prologis, Inc. will post 5.47 EPS for the current fiscal year.

Prologis Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Monday, March 18th were given a dividend of $0.96 per share. This is an increase from Prologis’s previous quarterly dividend of $0.87. The ex-dividend date of this dividend was Friday, March 15th. This represents a $3.84 annualized dividend and a dividend yield of 3.71%. Prologis’s dividend payout ratio is currently 112.28%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on PLD. Robert W. Baird boosted their price objective on shares of Prologis from $133.00 to $137.00 and gave the stock a “neutral” rating in a report on Tuesday, January 23rd. Mizuho restated a “neutral” rating and set a $130.00 price objective on shares of Prologis in a report on Tuesday, April 2nd. Royal Bank of Canada upped their target price on shares of Prologis from $128.00 to $145.00 and gave the company an “outperform” rating in a research note on Friday, February 16th. TheStreet raised shares of Prologis from a “c+” rating to a “b-” rating in a research note on Friday, January 26th. Finally, Raymond James upped their target price on shares of Prologis from $130.00 to $145.00 and gave the company a “strong-buy” rating in a research note on Wednesday, January 24th. Four investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $140.00.

Prologis Company Profile

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.