Several investors recently changed their holdings in Prologis (PLD). American Capital Advisory LLC purchased shares worth about $26,000, while Semmax Financial Advisors Inc. invested around $27,000. Central Valley Advisors LLC spent about $29,000, and Sunbelt Securities Inc. increased its stake by 640%, now owning 259 shares valued at $29,000 after buying 224 additional shares. Wetzel Investment Advisors Inc. also acquired shares worth around $31,000. Altogether, institutional investors own 93.50% of the company.
Analyst Ratings
Brokerages have commented on PLD recently: BMO Capital Markets maintained a “market perform” rating with a $115.00 target. The Royal Bank of Canada lowered its rating from “outperform” to “sector perform,” raising the price target from $124.00 to $127.00. Bank of America also has a “neutral” rating with a target of $128.00, while Evercore ISI lifted their target to $128.00 with an “in-line” rating. Scotiabank increased its price target from $135.00 to $142.00, labeling it a “sector outperform.” Overall, seven analysts gave a hold rating, ten rated it a buy, and one a strong buy, leading to a consensus rating of “Moderate Buy” with a price target of $132.71.
Explore Our Latest Prologis Analysis
Insider Trading
CIO Joseph Ghazal sold 5,200 shares at about $129.07 each on August 23rd, totaling $671,164.00. He now holds 13,187 shares worth $1,702,046.09, reflecting no change in his position. Insider ownership stands at 0.50%.
Stock Performance
On Monday, PLD shares opened at $122.50. The company has a current ratio of 0.36, a quick ratio of 0.36, and a debt-to-equity ratio of 0.52. Its 50-day moving average is $125.43, while the 200-day average is $117.60. Prologis reached a one-year low of $96.64 and a high of $137.52, with a market cap of $113.42 billion and a PE ratio of 35.82. The latest earnings report showed an EPS of $1.08, below the $1.37 estimate, with revenues of $1.90 billion.
Dividend Update
Prologis declared a quarterly dividend of $0.96 per share paid on September 30th, totaling an annual yield of 3.13%. The payout ratio is 112.28%.
Company Overview
Prologis is a leader in logistics real estate, focusing on high-growth markets. As of March 31, 2024, the company owns or invests in properties totaling about 1.2 billion square feet across 19 countries.
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