UMB Bank n.a. Acquires 1,680 Shares of Prologis, Inc. (NYSE:PLD)

UMB Bank n.a. boosted its holdings in shares of Prologis, Inc. (NYSE:PLD) by 1.5% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 116,226 shares of the real estate investment trust’s stock after purchasing an additional 1,680 shares during the period. UMB Bank n.a.’s holdings in Prologis were worth $12,993,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Murphy & Mullick Capital Management Corp bought a new position in shares of Prologis in the fourth quarter valued at about $26,000. Crowley Wealth Management Inc. acquired a new stake in Prologis in the 4th quarter valued at about $27,000. Centricity Wealth Management LLC bought a new position in shares of Prologis in the fourth quarter worth about $30,000. REAP Financial Group LLC lifted its position in shares of Prologis by 40.0% during the fourth quarter. REAP Financial Group LLC now owns 294 shares of the real estate investment trust’s stock worth $31,000 after purchasing an additional 84 shares in the last quarter. Finally, Whipplewood Advisors LLC acquired a new position in shares of Prologis during the fourth quarter worth approximately $34,000. Institutional investors own 93.50% of the company’s stock.

Prologis Price Performance

Shares of PLD stock opened at $108.91 on Friday. The company has a quick ratio of 0.43, a current ratio of 0.75 and a debt-to-equity ratio of 0.53. Prologis, Inc. has a 12-month low of $85.35 and a 12-month high of $132.57. The firm has a fifty day moving average of $103.68 and a 200-day moving average of $110.38. The firm has a market capitalization of $101.06 billion, a price-to-earnings ratio of 27.23, a price-to-earnings-growth ratio of 2.70 and a beta of 1.25.

Prologis (NYSE:PLD) last posted its earnings results on Wednesday, April 16th. The real estate investment trust reported $1.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.38 by $0.04. Prologis had a return on equity of 6.44% and a net margin of 45.50%. The firm had revenue of $1.99 billion during the quarter, compared to analysts’ expectations of $1.99 billion. On average, equities research analysts forecast that Prologis, Inc. will post 5.73 earnings per share for the current year.

Prologis Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Tuesday, June 17th will be paid a $1.01 dividend. This represents a $4.04 dividend on an annualized basis and a yield of 3.71%. The ex-dividend date is Tuesday, June 17th. Prologis’s payout ratio is currently 101.00%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on PLD. Robert W. Baird lowered their price target on shares of Prologis from $126.00 to $120.00 and set an “outperform” rating for the company in a report on Wednesday, May 7th. Barclays lowered their target price on Prologis from $132.00 to $119.00 and set an “overweight” rating for the company in a research note on Wednesday, April 30th. Wells Fargo & Company cut their price target on Prologis from $146.00 to $119.00 and set an “overweight” rating on the stock in a research note on Monday, May 19th. BMO Capital Markets decreased their price target on Prologis from $105.00 to $95.00 and set an “outperform” rating on the stock in a report on Monday, April 14th. Finally, Truist Financial dropped their price objective on Prologis from $123.00 to $120.00 and set a “buy” rating for the company in a report on Monday, May 5th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $120.42.

About Prologis

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.