FORA Capital LLC Buys Shares of 3,945 Prologis, Inc. (NYSE:PLD)

FORA Capital LLC purchased a new position in shares of Prologis, Inc. (NYSE:PLD) during the 4th quarter, Holdings Channel reports. The institutional investor purchased 3,945 shares of the real estate investment trust’s stock, valued at approximately $417,000.

A number of other hedge funds have also recently modified their holdings of PLD. Murphy & Mullick Capital Management Corp bought a new stake in Prologis during the fourth quarter valued at about $26,000. Crowley Wealth Management Inc. purchased a new stake in Prologis in the 4th quarter worth approximately $27,000. Centricity Wealth Management LLC purchased a new stake in Prologis in the 4th quarter worth approximately $30,000. Whipplewood Advisors LLC purchased a new stake in Prologis in the 4th quarter worth approximately $34,000. Finally, Promus Capital LLC bought a new stake in Prologis during the 4th quarter worth approximately $34,000. Institutional investors own 93.50% of the company’s stock.

Prologis Trading Up 1.4 %

PLD opened at $106.97 on Friday. The stock has a 50-day moving average of $105.95 and a 200 day moving average of $111.43. The company has a current ratio of 0.75, a quick ratio of 0.43 and a debt-to-equity ratio of 0.53. Prologis, Inc. has a 12 month low of $85.35 and a 12 month high of $132.57. The firm has a market cap of $99.26 billion, a P/E ratio of 26.74, a P/E/G ratio of 2.70 and a beta of 1.25.

Prologis (NYSE:PLD) last announced its earnings results 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. Prologis had a return on equity of 6.44% and a net margin of 45.50%. The firm had revenue of $1.99 billion during the quarter, compared to analysts’ expectations of $1.99 billion. As a group, research analysts forecast that Prologis, Inc. will post 5.73 EPS for the current year.

Prologis Dividend Announcement

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 paid a $1.01 dividend. This represents a $4.04 annualized dividend and a dividend yield of 3.78%. The ex-dividend date is Tuesday, June 17th. Prologis’s dividend payout ratio is currently 101.00%.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. BNP Paribas raised shares of Prologis to a “strong-buy” rating in a research note on Wednesday, January 22nd. Evercore ISI decreased their price target on Prologis from $111.00 to $106.00 and set an “in-line” rating on the stock in a report on Thursday, April 17th. Robert W. Baird decreased their price target on Prologis from $126.00 to $120.00 and set an “outperform” rating on the stock in a report on Wednesday. CJS Securities cut their target price on Prologis from $140.00 to $117.00 in a research report on Friday, April 11th. Finally, Morgan Stanley lowered their price target on Prologis to $120.00 and set an “outperform” rating on the stock in a report on Monday, April 14th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, ten have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $121.68.

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.