Prologis, Inc. (NYSE:PLD) Stock Position Raised by TrinityPoint Wealth LLC

TrinityPoint Wealth LLC lifted its stake in shares of Prologis, Inc. (NYSE:PLD) by 9.1% in the 4th quarter, HoldingsChannel.com reports. The fund owned 3,930 shares of the real estate investment trust’s stock after acquiring an additional 328 shares during the quarter. TrinityPoint Wealth LLC’s holdings in Prologis were worth $415,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Aviva PLC boosted its stake in shares of Prologis by 36.6% during the 4th quarter. Aviva PLC now owns 695,187 shares of the real estate investment trust’s stock worth $73,481,000 after acquiring an additional 186,187 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Prologis by 29.8% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 784,360 shares of the real estate investment trust’s stock worth $82,907,000 after acquiring an additional 179,880 shares in the last quarter. Allstate Corp lifted its holdings in shares of Prologis by 111.7% in the fourth quarter. Allstate Corp now owns 74,518 shares of the real estate investment trust’s stock valued at $7,877,000 after purchasing an additional 39,321 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in shares of Prologis by 2.1% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 16,596,799 shares of the real estate investment trust’s stock valued at $1,754,282,000 after purchasing an additional 334,907 shares in the last quarter. Finally, Banco Santander S.A. lifted its holdings in shares of Prologis by 88.0% in the fourth quarter. Banco Santander S.A. now owns 4,683 shares of the real estate investment trust’s stock valued at $495,000 after purchasing an additional 2,192 shares in the last quarter. 93.50% of the stock is owned by institutional investors.

Prologis Price Performance

NYSE PLD opened at $110.56 on Monday. Prologis, Inc. has a fifty-two week low of $85.35 and a fifty-two week high of $132.57. The stock’s 50-day moving average is $104.90 and its two-hundred day moving average is $111.08. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.75 and a quick ratio of 0.43. The firm has a market cap of $102.59 billion, a P/E ratio of 27.64, 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 for the quarter, beating the consensus estimate of $1.38 by $0.04. Prologis had a return on equity of 6.44% and a net margin of 45.50%. The company had revenue of $1.99 billion for the quarter, compared to analyst estimates of $1.99 billion. On average, analysts anticipate that Prologis, Inc. will post 5.73 earnings per share for the current fiscal year.

Prologis Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Tuesday, June 17th will be issued a dividend of $1.01 per share. The ex-dividend date of this dividend is Tuesday, June 17th. This represents a $4.04 annualized dividend and a yield of 3.65%. Prologis’s dividend payout ratio (DPR) is currently 101.00%.

Analyst Upgrades and Downgrades

PLD has been the subject of a number of research analyst reports. Barclays reduced their target price on Prologis from $132.00 to $119.00 and set an “overweight” rating for the company in a report on Wednesday, April 30th. Scotiabank increased their target price on Prologis from $97.00 to $100.00 and gave the company a “sector underperform” rating in a report on Monday, May 12th. BNP Paribas upgraded Prologis to a “strong-buy” rating in a report on Wednesday, January 22nd. BMO Capital Markets reduced their target price on Prologis from $105.00 to $95.00 and set an “outperform” rating for the company in a report on Monday, April 14th. Finally, Raymond James restated a “market perform” rating on shares of Prologis in a report on Monday, February 3rd. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $121.84.

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.