Prologis, Inc. (NYSE:PLD) is Duff & Phelps Investment Management Co.'s 2nd Largest Position

Duff & Phelps Investment Management Co. grew its position in shares of Prologis, Inc. (NYSE:PLD - Free Report) by 1.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,916,851 shares of the real estate investment trust's stock after acquiring an additional 52,593 shares during the quarter. Prologis comprises 4.2% of Duff & Phelps Investment Management Co.'s holdings, making the stock its 2nd largest holding. Duff & Phelps Investment Management Co. owned 0.31% of Prologis worth $368,340,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. ASB Consultores LLC lifted its holdings in shares of Prologis by 3.7% in the third quarter. ASB Consultores LLC now owns 2,423 shares of the real estate investment trust's stock valued at $306,000 after purchasing an additional 86 shares in the last quarter. Arbor Capital Management Inc. ADV boosted its holdings in Prologis by 0.8% during the 2nd quarter. Arbor Capital Management Inc. ADV now owns 11,602 shares of the real estate investment trust's stock worth $1,299,000 after acquiring an additional 87 shares during the last quarter. CX Institutional boosted its holdings in Prologis by 2.7% during the 3rd quarter. CX Institutional now owns 3,347 shares of the real estate investment trust's stock worth $423,000 after acquiring an additional 88 shares during the last quarter. Mitchell Sinkler & Starr PA grew its stake in shares of Prologis by 5.1% in the 2nd quarter. Mitchell Sinkler & Starr PA now owns 1,860 shares of the real estate investment trust's stock worth $228,000 after acquiring an additional 90 shares in the last quarter. Finally, Destination Wealth Management raised its holdings in shares of Prologis by 4.7% in the second quarter. Destination Wealth Management now owns 2,033 shares of the real estate investment trust's stock valued at $228,000 after purchasing an additional 92 shares during the last quarter. 93.50% of the stock is owned by institutional investors and hedge funds.

Prologis Stock Performance

PLD traded up $3.42 on Monday, hitting $115.42. The company's stock had a trading volume of 4,717,116 shares, compared to its average volume of 3,655,110. Prologis, Inc. has a 12 month low of $101.11 and a 12 month high of $137.52. The firm has a market cap of $106.90 billion, a P/E ratio of 34.87, a price-to-earnings-growth ratio of 3.27 and a beta of 1.07. 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 company's 50 day simple moving average is $117.57 and its 200-day simple moving average is $118.93.

Prologis (NYSE:PLD - Get Free Report) last posted its quarterly earnings results on Wednesday, October 16th. The real estate investment trust reported $1.08 EPS for the quarter, missing analysts' consensus estimates of $1.37 by ($0.29). The company had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.91 billion. Prologis had a return on equity of 5.34% and a net margin of 39.08%. Prologis's revenue was up 6.9% on a year-over-year basis. During the same period in the previous year, the business earned $1.30 earnings per share. Analysts forecast that Prologis, Inc. will post 5.45 EPS for the current year.

Prologis Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be given a dividend of $0.96 per share. This represents a $3.84 annualized dividend and a dividend yield of 3.33%. The ex-dividend date of this dividend is Monday, December 16th. Prologis's dividend payout ratio is presently 116.01%.

Wall Street Analysts Forecast Growth

PLD has been the subject of a number of recent analyst reports. Morgan Stanley upped their price objective on shares of Prologis from $132.00 to $133.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 14th. BMO Capital Markets lowered Prologis from a "market perform" rating to an "underperform" rating and reduced their target price for the company from $120.00 to $104.00 in a report on Friday. Scotiabank dropped their price target on Prologis from $136.00 to $134.00 and set a "sector outperform" rating on the stock in a report on Wednesday, December 4th. Barclays upped their price objective on Prologis from $131.00 to $132.00 and gave the company an "overweight" rating in a research note on Monday, November 18th. Finally, Evercore ISI lifted their target price on Prologis from $124.00 to $128.00 and gave the stock an "in-line" rating in a research note on Monday, September 16th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $130.13.

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.