Diversified Trust Co Buys 23,478 Shares of Prologis, Inc. (NYSE:PLD)

Diversified Trust Co raised its stake in Prologis, Inc. (NYSE:PLD) by 564.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 27,635 shares of the real estate investment trust’s stock after buying an additional 23,478 shares during the period. Diversified Trust Co’s holdings in Prologis were worth $2,921,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Semmax Financial Advisors Inc. acquired a new position in shares of Prologis in the second quarter worth approximately $27,000. Sunbelt Securities Inc. lifted its position in shares of Prologis by 640.0% in the 2nd quarter. Sunbelt Securities Inc. now owns 259 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 224 shares during the period. Wetzel Investment Advisors Inc. acquired a new position in shares of Prologis in the 2nd quarter worth approximately $31,000. Dunhill Financial LLC boosted its stake in shares of Prologis by 239.5% in the 3rd quarter. Dunhill Financial LLC now owns 258 shares of the real estate investment trust’s stock valued at $33,000 after purchasing an additional 182 shares during the last quarter. Finally, Hara Capital LLC acquired a new stake in shares of Prologis during the third quarter worth $48,000. Institutional investors and hedge funds own 93.50% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on PLD. Barclays upped their price target on shares of Prologis from $131.00 to $132.00 and gave the company an “overweight” rating in a research report on Monday, November 18th. JPMorgan Chase & Co. cut their target price on Prologis from $138.00 to $131.00 and set an “overweight” rating on the stock in a research report on Monday, October 21st. Scotiabank lowered their target price on Prologis from $136.00 to $134.00 and set a “sector outperform” rating for the company in a report on Wednesday, December 4th. Raymond James reissued an “outperform” rating and issued a $125.00 price target (down from $130.00) on shares of Prologis in a research note on Wednesday, December 11th. Finally, Robert W. Baird raised shares of Prologis from a “neutral” rating to an “outperform” rating and reduced their price objective for the stock from $124.00 to $123.00 in a research report on Monday. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $129.25.

Prologis Price Performance

PLD stock opened at $106.62 on Wednesday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.43 and a current ratio of 0.43. The business has a 50-day simple moving average of $111.49 and a two-hundred day simple moving average of $118.63. The company has a market capitalization of $98.75 billion, a P/E ratio of 32.21, a price-to-earnings-growth ratio of 3.27 and a beta of 1.09. Prologis, Inc. has a 52-week low of $100.82 and a 52-week high of $135.76.

Prologis (NYSE:PLD) last posted its earnings results on Wednesday, October 16th. The real estate investment trust reported $1.08 earnings per share for the quarter, missing analysts’ consensus estimates of $1.37 by ($0.29). Prologis had a net margin of 39.08% and a return on equity of 5.34%. The company had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.91 billion. During the same quarter in the prior year, the business earned $1.30 EPS. The firm’s revenue for the quarter was up 6.9% compared to the same quarter last year. Research analysts expect that Prologis, Inc. will post 5.45 EPS for the current fiscal year.

Prologis Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th were issued a $0.96 dividend. The ex-dividend date of this dividend was Monday, December 16th. This represents a $3.84 annualized dividend and a dividend yield of 3.60%. Prologis’s dividend payout ratio is currently 116.01%.

Prologis Profile

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.