4,295 Shares in Prologis, Inc. (NYSE:PLD) Bought by Kowal Investment Group LLC

Kowal Investment Group LLC acquired a new stake in Prologis, Inc. (NYSE:PLD - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 4,295 shares of the real estate investment trust's stock, valued at approximately $542,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Optimum Investment Advisors acquired a new stake in Prologis during the 1st quarter worth $26,000. American Capital Advisory LLC bought a new stake in shares of Prologis in the 2nd quarter valued at $26,000. Semmax Financial Advisors Inc. acquired a new position in Prologis in the second quarter valued at about $27,000. Central Valley Advisors LLC bought a new stake in shares of Prologis in the second quarter worth about $29,000. Finally, Sunbelt Securities Inc. lifted its holdings in shares of Prologis by 640.0% during the 2nd quarter. Sunbelt Securities Inc. now owns 259 shares of the real estate investment trust's stock valued at $29,000 after purchasing an additional 224 shares in the last quarter. 93.50% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CIO Joseph Ghazal sold 5,200 shares of Prologis stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $129.07, for a total transaction of $671,164.00. Following the transaction, the executive now owns 13,187 shares in the company, valued at approximately $1,702,046.09. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.50% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Royal Bank of Canada downgraded shares of Prologis from an "outperform" rating to a "sector perform" rating and raised their target price for the stock from $124.00 to $127.00 in a report on Monday, August 5th. Evercore ISI raised their target price on shares of Prologis from $124.00 to $128.00 and gave the company an "in-line" rating in a research report on Monday, September 16th. Truist Financial lifted their target price on Prologis from $125.00 to $137.00 and gave the company a "buy" rating in a research report on Monday, August 5th. StockNews.com raised Prologis from a "sell" rating to a "hold" rating in a research report on Thursday, July 18th. Finally, The Goldman Sachs Group upped their price objective on Prologis from $140.00 to $156.00 and gave the stock a "buy" rating in a research note on Thursday, July 25th. Seven research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $132.71.

Prologis Price Performance

Prologis stock traded down $4.23 during mid-day trading on Thursday, reaching $122.74. 5,446,741 shares of the company were exchanged, compared to its average volume of 3,642,703. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.36 and a quick ratio of 0.36. Prologis, Inc. has a 12 month low of $96.64 and a 12 month high of $137.52. The firm has a market cap of $113.64 billion, a PE ratio of 36.71, a PEG ratio of 3.05 and a beta of 1.07. The company has a fifty day simple moving average of $125.40 and a 200-day simple moving average of $117.72.

Prologis (NYSE:PLD - Get Free Report) last announced its quarterly earnings data on Wednesday, October 16th. The real estate investment trust reported $1.08 earnings per share for the quarter, missing the consensus estimate of $1.37 by ($0.29). Prologis had a return on equity of 4.88% and a net margin of 36.37%. The business had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.91 billion. During the same quarter in the prior year, the company earned $1.30 earnings per share. Prologis's quarterly revenue was up 6.9% compared to the same quarter last year. As a group, equities research analysts expect that Prologis, Inc. will post 5.42 earnings per share for the current fiscal year.

Prologis Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 16th were given a dividend of $0.96 per share. The ex-dividend date was Monday, September 16th. This represents a $3.84 annualized dividend and a yield of 3.13%. Prologis's dividend payout ratio is presently 112.28%.

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.