925 Shares in Prologis, Inc. (NYSE:PLD) Acquired by Tompkins Financial Corp

Tompkins Financial Corp acquired a new position in Prologis, Inc. (NYSE:PLD) in the first quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 925 shares of the real estate investment trust’s stock, valued at approximately $103,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Silvia Mccoll Wealth Management LLC boosted its stake in Prologis by 15.8% in the 1st quarter. Silvia Mccoll Wealth Management LLC now owns 5,304 shares of the real estate investment trust’s stock worth $593,000 after purchasing an additional 723 shares during the period. GAMMA Investing LLC boosted its stake in shares of Prologis by 13,272.2% during the 1st quarter. GAMMA Investing LLC now owns 1,333,207 shares of the real estate investment trust’s stock valued at $149,039,000 after buying an additional 1,323,237 shares during the period. AdvisorNet Financial Inc boosted its stake in shares of Prologis by 16.1% during the 1st quarter. AdvisorNet Financial Inc now owns 878 shares of the real estate investment trust’s stock valued at $98,000 after buying an additional 122 shares during the period. Quent Capital LLC boosted its stake in shares of Prologis by 20.2% during the 1st quarter. Quent Capital LLC now owns 1,806 shares of the real estate investment trust’s stock valued at $202,000 after buying an additional 304 shares during the period. Finally, Agate Pass Investment Management LLC boosted its stake in shares of Prologis by 26.9% during the 1st quarter. Agate Pass Investment Management LLC now owns 19,531 shares of the real estate investment trust’s stock valued at $2,183,000 after buying an additional 4,143 shares during the period. Institutional investors and hedge funds own 93.50% of the company’s stock.

Prologis Stock Performance

Shares of PLD opened at $108.64 on Friday. The company has a market capitalization of $100.81 billion, a PE ratio of 27.16, a price-to-earnings-growth ratio of 2.70 and a beta of 1.25. 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. The company’s fifty day moving average price is $103.94 and its 200 day moving average price is $110.63.

Prologis (NYSE:PLD) last posted its quarterly earnings results on Wednesday, April 16th. The real estate investment trust reported $1.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.38 by $0.04. The company 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%. As a group, analysts expect that Prologis, Inc. will post 5.73 earnings per share for the current year.

Prologis Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Tuesday, June 17th will be given a $1.01 dividend. The ex-dividend date is Tuesday, June 17th. This represents a $4.04 annualized dividend and a yield of 3.72%. Prologis’s dividend payout ratio is 101.00%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on PLD. Raymond James reissued a “market perform” rating on shares of Prologis in a research note on Monday, February 3rd. Wells Fargo & Company decreased their target price on shares of Prologis from $146.00 to $119.00 and set an “overweight” rating for the company in a research note on Monday, May 19th. BMO Capital Markets decreased their target price on shares of Prologis from $105.00 to $95.00 and set an “outperform” rating for the company in a research note on Monday, April 14th. Scotiabank lifted their target price on shares of Prologis from $97.00 to $100.00 and gave the company a “sector underperform” rating in a research note on Monday, May 12th. Finally, Wolfe Research lowered shares of Prologis from an “outperform” rating to a “peer perform” rating in a research note on Monday, April 21st. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, ten have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, Prologis presently has an average rating of “Moderate Buy” and a consensus price target of $120.42.

Prologis Company 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.