10,674 Shares in Prologis, Inc. (NYSE:PLD) Purchased by Wilmington Savings Fund Society FSB

Wilmington Savings Fund Society FSB purchased a new position in Prologis, Inc. (NYSE:PLD - Free Report) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 10,674 shares of the real estate investment trust's stock, valued at approximately $1,348,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of PLD. State Street Corp grew its position in shares of Prologis by 1.4% in the 3rd quarter. State Street Corp now owns 57,413,342 shares of the real estate investment trust's stock worth $7,250,157,000 after buying an additional 767,609 shares during the last quarter. Geode Capital Management LLC lifted its position in Prologis by 0.9% in the third quarter. Geode Capital Management LLC now owns 20,761,980 shares of the real estate investment trust's stock valued at $2,612,395,000 after buying an additional 194,472 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Prologis by 2.5% in the second quarter. Dimensional Fund Advisors LP now owns 13,209,926 shares of the real estate investment trust's stock valued at $1,483,594,000 after purchasing an additional 317,815 shares during the period. Principal Financial Group Inc. lifted its stake in Prologis by 1.4% in the second quarter. Principal Financial Group Inc. now owns 12,265,926 shares of the real estate investment trust's stock worth $1,377,588,000 after acquiring an additional 167,131 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in Prologis by 4.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 10,229,200 shares of the real estate investment trust's stock worth $1,291,743,000 after purchasing an additional 441,841 shares in the last quarter. 93.50% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on PLD shares. JPMorgan Chase & Co. dropped their price objective on shares of Prologis from $138.00 to $131.00 and set an "overweight" rating for the company in a research note on Monday, October 21st. Evercore ISI boosted their price objective 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. Scotiabank reduced their price target on shares of Prologis from $136.00 to $134.00 and set a "sector outperform" rating for the company in a research note on Wednesday, December 4th. Raymond James reissued an "outperform" rating and set a $125.00 target price (down from $130.00) on shares of Prologis in a research note on Wednesday. Finally, Truist Financial cut their price target on shares of Prologis from $137.00 to $132.00 and set a "buy" rating on the stock in a report on Thursday, December 5th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $128.88.

Prologis Stock Down 0.5 %

NYSE PLD traded down $0.52 on Friday, reaching $111.13. 4,741,290 shares of the stock traded hands, compared to its average volume of 3,649,725. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.43 and a current ratio of 0.43. The company has a fifty day moving average price of $116.44 and a 200-day moving average price of $119.10. The company has a market cap of $102.93 billion, a price-to-earnings ratio of 33.57, a PEG ratio of 3.27 and a beta of 1.07. Prologis, Inc. has a 12 month low of $101.11 and a 12 month high of $137.52.

Prologis (NYSE:PLD - Get Free Report) last issued its 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 analysts' expectations of $1.91 billion. Prologis had a return on equity of 5.34% and a net margin of 39.08%. The firm's quarterly revenue was up 6.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.30 EPS. As a group, research analysts forecast that Prologis, Inc. will post 5.45 EPS for the current fiscal year.

Prologis Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be given a $0.96 dividend. The ex-dividend date of this dividend is Monday, December 16th. This represents a $3.84 annualized dividend and a yield of 3.46%. Prologis's payout ratio is 116.01%.

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.