3,197 Shares in Prologis, Inc. (NYSE:PLD) Bought by CX Institutional

Posted by on Apr 26th, 2023

CX Institutional bought a new position in shares of Prologis, Inc. (NYSE:PLD – Get Rating) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 3,197 shares of the real estate investment trust’s stock, valued at approximately $360,000.

Several other large investors have also bought and sold shares of the stock. Allworth Financial LP grew its holdings in Prologis by 3.4% during the 4th quarter. Allworth Financial LP now owns 12,754 shares of the real estate investment trust’s stock worth $1,438,000 after acquiring an additional 419 shares during the period. Private Trust Co. NA grew its holdings in Prologis by 9.0% during the 4th quarter. Private Trust Co. NA now owns 3,334 shares of the real estate investment trust’s stock worth $376,000 after acquiring an additional 276 shares during the period. Values First Advisors Inc. grew its holdings in Prologis by 23.4% during the 3rd quarter. Values First Advisors Inc. now owns 2,467 shares of the real estate investment trust’s stock worth $251,000 after acquiring an additional 468 shares during the period. Continental Investors Services Inc. acquired a new stake in Prologis during the 3rd quarter worth about $368,000. Finally, Stephens Inc. AR grew its holdings in Prologis by 5.0% during the 3rd quarter. Stephens Inc. AR now owns 37,022 shares of the real estate investment trust’s stock worth $3,761,000 after acquiring an additional 1,777 shares during the period. 75.84% of the stock is owned by institutional investors.

Prologis Price Performance

Prologis stock opened at $120.64 on Wednesday. Prologis, Inc. has a 52 week low of $98.03 and a 52 week high of $173.97. The company’s 50 day moving average price is $122.05 and its two-hundred day moving average price is $117.88. The company has a quick ratio of 0.16, a current ratio of 0.09 and a debt-to-equity ratio of 0.44. The stock has a market cap of $111.41 billion, a P/E ratio of 36.45, a P/E/G ratio of 2.92 and a beta of 1.00.

Prologis (NYSE:PLD – Get Rating) last posted its earnings results on Tuesday, April 18th. The real estate investment trust reported $0.50 EPS for the quarter, missing the consensus estimate of $1.21 by ($0.71). The firm had revenue of $1.77 billion for the quarter, compared to the consensus estimate of $1.65 billion. Prologis had a return on equity of 5.53% and a net margin of 41.06%. Prologis’s quarterly revenue was up 64.3% compared to the same quarter last year. During the same period in the prior year, the business earned $1.09 EPS. On average, equities analysts predict that Prologis, Inc. will post 5.48 earnings per share for the current year.

Prologis Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 31st. Investors of record on Friday, March 17th were issued a $0.87 dividend. This represents a $3.48 dividend on an annualized basis and a dividend yield of 2.88%. The ex-dividend date was Thursday, March 16th. This is a boost from Prologis’s previous quarterly dividend of $0.79. Prologis’s payout ratio is 105.14%.

Analysts Set New Price Targets

PLD has been the subject of a number of recent analyst reports. Barclays decreased their price target on Prologis from $162.00 to $160.00 and set an “overweight” rating for the company in a report on Tuesday, January 31st. StockNews.com upgraded Prologis from a “sell” rating to a “hold” rating in a research note on Wednesday, April 19th. Raymond James raised their target price on Prologis from $130.00 to $145.00 and gave the company a “strong-buy” rating in a research note on Wednesday, February 1st. Robert W. Baird raised their target price on Prologis from $125.00 to $133.00 and gave the company a “neutral” rating in a research note on Thursday, April 20th. Finally, Truist Financial raised their target price on Prologis from $135.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, January 26th. Three analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $143.90.

Prologis Company Profile

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Prologis, Inc engages in providing logistics solutions and services. It operates through the Real Estate and Strategic Capital segments. The Real Estate segment includes rental operations and development. The Strategic Capital segment represents the management of co-investment ventures and other unconsolidated entities.

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Institutional Ownership by Quarter for Prologis (NYSE:PLD)

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