Prologis, Inc. (NYSE:PLD) Shares Bought by Trust Co. of Vermont

Trust Co. of Vermont grew its holdings in Prologis, Inc. (NYSE:PLD) by 38.2% during the first quarter, HoldingsChannel.com reports. The fund owned 40,230 shares of the real estate investment trust’s stock after purchasing an additional 11,111 shares during the quarter. Trust Co. of Vermont’s holdings in Prologis were worth $4,497,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Murphy & Mullick Capital Management Corp acquired a new position in shares of Prologis during the fourth quarter worth about $26,000. Crowley Wealth Management Inc. purchased a new stake in shares of Prologis during the fourth quarter valued at approximately $27,000. REAP Financial Group LLC lifted its position in shares of 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 purchasing an additional 84 shares in the last quarter. Whipplewood Advisors LLC purchased a new position in shares of Prologis in the fourth quarter valued at $34,000. Finally, Promus Capital LLC acquired a new stake in Prologis during the 4th quarter valued at $34,000. Institutional investors and hedge funds own 93.50% of the company’s stock.

Prologis Stock Down 0.3%

NYSE:PLD opened at $104.45 on Friday. The company has a current ratio of 0.41, a quick ratio of 0.41 and a debt-to-equity ratio of 0.56. The stock has a 50 day moving average of $106.14 and a 200-day moving average of $109.55. The firm has a market capitalization of $96.93 billion, a PE ratio of 26.11, a price-to-earnings-growth ratio of 2.66 and a beta of 1.25. Prologis, Inc. has a 52 week low of $85.35 and a 52 week high of $132.57.

Prologis (NYSE:PLD) last issued its quarterly earnings data on Wednesday, April 16th. The real estate investment trust reported $1.42 EPS for the quarter, topping analysts’ consensus estimates of $1.38 by $0.04. The firm had revenue of $1.99 billion during the quarter, compared to the consensus estimate of $1.99 billion. Prologis had a return on equity of 6.45% and a net margin of 44.59%. Analysts predict that Prologis, Inc. will post 5.73 EPS for the current year.

Prologis Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Tuesday, June 17th will be issued a $1.01 dividend. The ex-dividend date of this dividend is Tuesday, June 17th. This represents a $4.04 dividend on an annualized basis and a dividend yield of 3.87%. Prologis’s dividend payout ratio (DPR) is presently 101.00%.

Wall Street Analyst Weigh In

PLD has been the subject of a number of analyst reports. Barclays decreased their price objective on shares of Prologis from $132.00 to $119.00 and set an “overweight” rating for the company in a research report on Wednesday, April 30th. CJS Securities lowered their price objective on Prologis from $140.00 to $117.00 in a research note on Friday, April 11th. Wall Street Zen lowered Prologis from a “hold” rating to a “sell” rating in a research report on Saturday, June 14th. Wolfe Research cut Prologis from an “outperform” rating to a “peer perform” rating in a research note on Monday, April 21st. Finally, Morgan Stanley decreased their price target on shares of Prologis to $120.00 and set an “outperform” rating for the company in a research report on Monday, April 14th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating, ten have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, Prologis has an average rating of “Moderate Buy” and an average target price of $120.42.

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.