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

Trust Co. of Vermont increased its stake in Prologis, Inc. (NYSE:PLD) by 782.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 29,119 shares of the real estate investment trust’s stock after purchasing an additional 25,820 shares during the period. Trust Co. of Vermont’s holdings in Prologis were worth $3,078,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in PLD. Semmax Financial Advisors Inc. bought a new position in shares of Prologis during the second quarter worth about $27,000. Dunhill Financial LLC raised its holdings in shares of Prologis by 239.5% during the third quarter. Dunhill Financial LLC now owns 258 shares of the real estate investment trust’s stock valued at $33,000 after buying an additional 182 shares during the last quarter. Sunbelt Securities Inc. boosted its position in shares of Prologis by 640.0% during the second quarter. Sunbelt Securities Inc. now owns 259 shares of the real estate investment trust’s stock worth $29,000 after buying an additional 224 shares during the period. Hara Capital LLC acquired a new stake in Prologis in the 3rd quarter valued at approximately $48,000. Finally, Coastline Trust Co bought a new stake in Prologis during the 3rd quarter valued at $52,000. Institutional investors and hedge funds own 93.50% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on PLD shares. Baird R W raised Prologis from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 6th. BTIG Research decreased their price objective on shares of Prologis from $154.00 to $134.00 and set a “buy” rating for the company in a report on Friday. Robert W. Baird raised Prologis from a “neutral” rating to an “outperform” rating and dropped their target price for the stock from $124.00 to $123.00 in a report on Monday, January 6th. BMO Capital Markets cut Prologis from a “market perform” rating to an “underperform” rating and lowered their price target for the company from $120.00 to $104.00 in a research report on Friday, December 6th. Finally, Raymond James reissued an “outperform” rating and issued a $125.00 price objective (down previously from $130.00) on shares of Prologis in a research note on Wednesday, December 11th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Prologis currently has a consensus rating of “Moderate Buy” and a consensus price target of $128.67.

Prologis Price Performance

Shares of Prologis stock traded down $1.42 during midday trading on Friday, hitting $109.51. 5,270,136 shares of the company were exchanged, compared to its average volume of 4,180,898. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.43 and a quick ratio of 0.43. The firm has a 50 day simple moving average of $110.47 and a 200-day simple moving average of $118.31. Prologis, Inc. has a 52 week low of $100.82 and a 52 week high of $135.76. The firm has a market cap of $101.43 billion, a P/E ratio of 33.09, a PEG ratio of 2.85 and a beta of 1.09.

Prologis (NYSE:PLD) last posted its earnings results 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). The firm had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.91 billion. Prologis had a return on equity of 5.34% and a net margin of 39.08%. The firm’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same period in the previous year, the company posted $1.30 EPS. Research analysts forecast that Prologis, Inc. will post 5.45 earnings per share for the current year.

Prologis Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th were paid a $0.96 dividend. This represents a $3.84 dividend on an annualized basis and a dividend yield of 3.51%. The ex-dividend date was Monday, December 16th. Prologis’s dividend payout ratio (DPR) is currently 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.