Canandaigua National Bank & Trust Co. Acquires 420 Shares of Prologis, Inc. (NYSE:PLD)

Canandaigua National Bank & Trust Co. raised its holdings in shares of Prologis, Inc. (NYSE:PLDFree Report) by 4.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,906 shares of the real estate investment trust’s stock after acquiring an additional 420 shares during the quarter. Canandaigua National Bank & Trust Co.’s holdings in Prologis were worth $1,047,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently made changes to their positions in PLD. Semmax Financial Advisors Inc. purchased a new stake in Prologis during the 2nd quarter worth about $27,000. Sunbelt Securities Inc. boosted its position in shares of Prologis by 640.0% in the second quarter. Sunbelt Securities Inc. now owns 259 shares of the real estate investment trust’s stock valued at $29,000 after acquiring an additional 224 shares during the period. Wetzel Investment Advisors Inc. purchased a new position in Prologis during the second quarter valued at approximately $31,000. Dunhill Financial LLC increased its holdings in Prologis by 239.5% during the 3rd quarter. Dunhill Financial LLC now owns 258 shares of the real estate investment trust’s stock worth $33,000 after acquiring an additional 182 shares during the period. Finally, Hara Capital LLC purchased a new stake in Prologis in the 3rd quarter worth approximately $48,000. 93.50% of the stock is owned by institutional investors.

Prologis Stock Up 1.0 %

Shares of NYSE PLD opened at $106.65 on Tuesday. The company has a market cap of $98.78 billion, a price-to-earnings ratio of 32.22, a PEG ratio of 3.27 and a beta of 1.09. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.56. The firm’s fifty day moving average is $111.66 and its 200 day moving average is $118.64. Prologis, Inc. has a 52 week low of $100.82 and a 52 week high of $135.76.

Prologis (NYSE:PLDGet Free Report) last issued its quarterly earnings data on Wednesday, October 16th. The real estate investment trust reported $1.08 EPS for the quarter, missing the consensus estimate of $1.37 by ($0.29). The firm had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.91 billion. Prologis had a net margin of 39.08% and a return on equity of 5.34%. The business’s revenue was up 6.9% on a year-over-year basis. During the same period last year, the company posted $1.30 earnings per share. On average, equities research analysts expect that Prologis, Inc. will post 5.45 earnings per share for the current year.

Prologis Dividend Announcement

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

Analyst Ratings Changes

A number of equities research analysts recently issued reports on PLD shares. Robert W. Baird upgraded Prologis from a “neutral” rating to an “outperform” rating and lowered their price objective for the stock from $124.00 to $123.00 in a research report on Monday. JPMorgan Chase & Co. decreased their price objective on shares of Prologis from $138.00 to $131.00 and set an “overweight” rating on the stock in a research report on Monday, October 21st. BMO Capital Markets lowered shares of Prologis from a “market perform” rating to an “underperform” rating and dropped their target price for the company from $120.00 to $104.00 in a research report on Friday, December 6th. Barclays increased their price target on shares of Prologis from $131.00 to $132.00 and gave the stock an “overweight” rating in a report on Monday, November 18th. Finally, Truist Financial cut their target price on shares of Prologis from $137.00 to $132.00 and set a “buy” rating for the company in a research report on Thursday, December 5th. One research analyst has rated the stock with a sell rating, six have given a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, Prologis has an average rating of “Moderate Buy” and an average target price of $129.25.

Get Our Latest Stock Analysis on PLD

Prologis Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Prologis (NYSE:PLD)

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