Prologis, Inc. (NYSE:PLD) Shares Acquired by Capital Investment Advisors LLC

Capital Investment Advisors LLC grew its stake in Prologis, Inc. (NYSE:PLD) by 1.7% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 95,993 shares of the real estate investment trust’s stock after purchasing an additional 1,621 shares during the period. Capital Investment Advisors LLC’s holdings in Prologis were worth $11,772,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of PLD. RB Capital Management LLC increased its holdings in shares of Prologis by 14.7% in the first quarter. RB Capital Management LLC now owns 3,004 shares of the real estate investment trust’s stock valued at $485,000 after purchasing an additional 385 shares during the period. Blair William & Co. IL grew its holdings in Prologis by 5.3% during the first quarter. Blair William & Co. IL now owns 21,612 shares of the real estate investment trust’s stock worth $3,490,000 after acquiring an additional 1,092 shares during the period. Sequoia Financial Advisors LLC grew its holdings in Prologis by 87.7% during the first quarter. Sequoia Financial Advisors LLC now owns 3,382 shares of the real estate investment trust’s stock worth $546,000 after acquiring an additional 1,580 shares during the period. Baird Financial Group Inc. grew its holdings in Prologis by 41.8% during the first quarter. Baird Financial Group Inc. now owns 241,219 shares of the real estate investment trust’s stock worth $38,952,000 after acquiring an additional 71,112 shares during the period. Finally, Zions Bancorporation N.A. grew its holdings in Prologis by 38.8% during the first quarter. Zions Bancorporation N.A. now owns 2,078 shares of the real estate investment trust’s stock worth $336,000 after acquiring an additional 581 shares during the period. Institutional investors and hedge funds own 90.90% of the company’s stock.

Prologis Trading Down 0.2 %

NYSE:PLD traded down $0.28 on Friday, hitting $123.18. 4,818,489 shares of the stock were exchanged, compared to its average volume of 2,884,437. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.48. Prologis, Inc. has a fifty-two week low of $98.03 and a fifty-two week high of $136.67. The stock has a market cap of $113.80 billion, a PE ratio of 32.42, a PEG ratio of 2.42 and a beta of 0.98. The stock has a fifty day moving average of $123.69 and a 200-day moving average of $122.81.

Prologis (NYSE:PLD) last posted its earnings results on Tuesday, July 18th. The real estate investment trust reported $1.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.68 by $0.15. Prologis had a return on equity of 6.17% and a net margin of 42.52%. The business had revenue of $2.45 billion during the quarter, compared to analyst estimates of $1.72 billion. During the same quarter last year, the firm earned $1.11 earnings per share. The company’s revenue for the quarter was up 95.8% compared to the same quarter last year. As a group, equities analysts expect that Prologis, Inc. will post 5.59 earnings per share for the current fiscal year.

Prologis Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Monday, September 18th will be paid a $0.87 dividend. The ex-dividend date of this dividend is Friday, September 15th. This represents a $3.48 dividend on an annualized basis and a dividend yield of 2.83%. Prologis’s dividend payout ratio (DPR) is currently 91.58%.

Insider Buying and Selling at Prologis

In other Prologis news, Director George L. Fotiades sold 10,711 shares of the firm’s stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $123.98, for a total transaction of $1,327,949.78. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.50% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on PLD shares. BTIG Research upped their price objective on Prologis from $152.00 to $154.00 in a report on Wednesday, July 19th. StockNews.com started coverage on Prologis in a report on Thursday, August 17th. They set a “hold” rating on the stock. Barclays decreased their target price on Prologis from $160.00 to $159.00 in a research report on Wednesday, June 28th. Truist Financial decreased their target price on Prologis from $140.00 to $135.00 in a research report on Tuesday, June 27th. Finally, Mizuho reiterated a “buy” rating and set a $140.00 target price on shares of Prologis in a research report on Wednesday. Three analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $140.65.

Prologis Company Profile

Prologis, Inc is the global leader in logistics real estate with a focus on high-barrier, high-growth markets. At June 30, 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 (114 million square meters) in 19 countries.