UMB Bank n.a. Purchases 1,680 Shares of Prologis, Inc. (NYSE:PLD)

UMB Bank n.a. increased its position in shares of Prologis, Inc. (NYSE:PLD) by 1.5% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 116,226 shares of the real estate investment trust’s stock after buying an additional 1,680 shares during the quarter. UMB Bank n.a.’s holdings in Prologis were worth $12,993,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of PLD. Murphy & Mullick Capital Management Corp acquired a new position in Prologis during the 4th quarter worth approximately $26,000. Crowley Wealth Management Inc. bought a new stake in shares of Prologis in the fourth quarter worth $27,000. Centricity Wealth Management LLC bought a new stake in shares of Prologis in the fourth quarter worth $30,000. REAP Financial Group LLC boosted its holdings in 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 during the last quarter. Finally, Whipplewood Advisors LLC bought a new position in Prologis in the fourth quarter valued at $34,000. Institutional investors and hedge funds own 93.50% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on PLD shares. Mizuho cut their price target on shares of Prologis from $117.00 to $105.00 and set a “neutral” rating on the stock in a research report on Friday, April 11th. Wells Fargo & Company lowered their target price on Prologis from $146.00 to $119.00 and set an “overweight” rating on the stock in a research report on Monday, May 19th. Wall Street Zen upgraded Prologis from a “sell” rating to a “hold” rating in a report on Friday, May 30th. Evercore ISI decreased their price target on Prologis from $111.00 to $106.00 and set an “in-line” rating for the company in a research note on Thursday, April 17th. Finally, Scotiabank upped their price objective on Prologis from $97.00 to $100.00 and gave the stock a “sector underperform” rating in a research note on Monday, May 12th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $120.42.

Prologis Price Performance

NYSE:PLD opened at $108.91 on Friday. The company has a market cap of $101.06 billion, a P/E ratio of 27.23, a P/E/G ratio of 2.70 and a beta of 1.25. The firm’s fifty day moving average price is $103.68 and its two-hundred day moving average price is $110.38. Prologis, Inc. has a one year low of $85.35 and a one year high of $132.57. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.75 and a quick ratio of 0.43.

Prologis (NYSE:PLD) last announced its quarterly earnings results on Wednesday, April 16th. The real estate investment trust reported $1.42 EPS for the quarter, beating analysts’ consensus estimates of $1.38 by $0.04. The business had revenue of $1.99 billion for the quarter, compared to analyst estimates of $1.99 billion. Prologis had a net margin of 45.50% and a return on equity of 6.44%. Equities analysts expect that Prologis, Inc. will post 5.73 earnings per share for the current year.

Prologis Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Tuesday, June 17th will be given a $1.01 dividend. This represents a $4.04 annualized dividend and a dividend yield of 3.71%. The ex-dividend date of this dividend is Tuesday, June 17th. Prologis’s payout ratio is 101.00%.

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.