Prologis, Inc. (NYSE:PLD) Shares Acquired by Sabal Trust CO

Sabal Trust CO lifted its position in shares of Prologis, Inc. (NYSE:PLD) by 1.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 302,588 shares of the real estate investment trust’s stock after acquiring an additional 4,960 shares during the quarter. Prologis accounts for approximately 1.9% of Sabal Trust CO’s investment portfolio, making the stock its 14th biggest holding. Sabal Trust CO’s holdings in Prologis were worth $33,826,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the business. REAP Financial Group LLC raised its position in 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 acquiring an additional 84 shares during the period. Phoenix Financial Ltd. increased its stake in shares of Prologis by 1.0% during the fourth quarter. Phoenix Financial Ltd. now owns 9,032 shares of the real estate investment trust’s stock worth $955,000 after purchasing an additional 86 shares in the last quarter. CreativeOne Wealth LLC increased its stake in shares of Prologis by 1.7% during the fourth quarter. CreativeOne Wealth LLC now owns 6,073 shares of the real estate investment trust’s stock worth $642,000 after purchasing an additional 100 shares in the last quarter. J.Safra Asset Management Corp raised its position in shares of Prologis by 22.3% during the 4th quarter. J.Safra Asset Management Corp now owns 559 shares of the real estate investment trust’s stock worth $59,000 after purchasing an additional 102 shares during the last quarter. Finally, Focus Financial Network Inc. lifted its stake in Prologis by 5.2% in the 1st quarter. Focus Financial Network Inc. now owns 2,093 shares of the real estate investment trust’s stock valued at $234,000 after buying an additional 104 shares in the last quarter. 93.50% of the stock is currently owned by institutional investors and hedge funds.

Prologis Price Performance

Shares of PLD opened at $104.91 on Thursday. The firm has a 50-day simple moving average of $106.08 and a two-hundred day simple moving average of $109.63. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.41 and a quick ratio of 0.41. Prologis, Inc. has a 1-year low of $85.35 and a 1-year high of $132.57. The stock has a market cap of $97.35 billion, a PE ratio of 26.23, a P/E/G ratio of 2.74 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 for the quarter, beating the consensus estimate of $1.38 by $0.04. Prologis had a net margin of 44.59% and a return on equity of 6.45%. The firm had revenue of $1.99 billion during the quarter, compared to the consensus estimate of $1.99 billion. As a group, analysts forecast that Prologis, Inc. will post 5.73 EPS for the current year.

Prologis Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Tuesday, June 17th will be given a dividend of $1.01 per share. The ex-dividend date is Tuesday, June 17th. This represents a $4.04 annualized dividend and a dividend yield of 3.85%. Prologis’s dividend payout ratio is presently 101.00%.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. Robert W. Baird cut their price objective on Prologis from $126.00 to $120.00 and set an “outperform” rating for the company in a research note on Wednesday, May 7th. Evercore ISI lowered their price target on Prologis from $111.00 to $106.00 and set an “in-line” rating on the stock in a research note on Thursday, April 17th. Barclays reduced their price objective on Prologis from $132.00 to $119.00 and set an “overweight” rating for the company in a research note on Wednesday, April 30th. Wall Street Zen lowered Prologis from a “hold” rating to a “sell” rating in a report on Saturday, June 14th. Finally, BMO Capital Markets lowered their target price on shares of Prologis from $105.00 to $95.00 and set an “outperform” rating on the stock in a research note on Monday, April 14th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, Prologis presently has a consensus rating of “Moderate Buy” and a consensus price target of $120.42.

Prologis Company 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.