FourThought Financial LLC Raises Stock Holdings in Prologis, Inc. (NYSE:PLD)

FourThought Financial LLC lifted its holdings in shares of Prologis, Inc. (NYSE:PLD – Get Rating) by 7.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 15,385 shares of the real estate investment trust’s stock after acquiring an additional 1,011 shares during the period. FourThought Financial LLC’s holdings in Prologis were worth $1,563,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Ninepoint Partners LP increased its holdings in shares of Prologis by 3.0% in the third quarter. Ninepoint Partners LP now owns 3,242 shares of the real estate investment trust’s stock valued at $329,000 after purchasing an additional 93 shares during the period. Power Corp of Canada acquired a new position in Prologis in the 3rd quarter valued at $417,000. Ambassador Advisors LLC acquired a new stake in shares of Prologis in the 3rd quarter worth $4,361,000. SevenOneSeven Capital Management purchased a new stake in shares of Prologis in the third quarter valued at about $377,000. Finally, National Pension Service increased its stake in shares of Prologis by 3.5% during the third quarter. National Pension Service now owns 1,063,178 shares of the real estate investment trust’s stock worth $107,583,000 after acquiring an additional 35,780 shares during the period. Hedge funds and other institutional investors own 75.84% of the company’s stock.

Prologis Trading Up 0.2 %

PLD stock opened at $120.01 on Thursday. Prologis, Inc. has a 52 week low of $98.03 and a 52 week high of $174.54. The company has a market cap of $110.82 billion, a price-to-earnings ratio of 27.59, a PEG ratio of 2.99 and a beta of 0.99. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.41. The business has a fifty day simple moving average of $124.37 and a 200-day simple moving average of $116.73.

Prologis (NYSE:PLD – Get Rating) last released its quarterly earnings data on Wednesday, January 18th. The real estate investment trust reported $1.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.21 by $0.03. The company had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.46 billion. Prologis had a net margin of 56.33% and a return on equity of 7.71%. Prologis’s revenue for the quarter was up 37.2% on a year-over-year basis. During the same period in the previous year, the firm earned $1.12 earnings per share. On average, equities research analysts expect that Prologis, Inc. will post 5.52 EPS for the current year.

Prologis Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 31st. Shareholders of record on Friday, March 17th will be paid a dividend of $0.87 per share. This represents a $3.48 dividend on an annualized basis and a dividend yield of 2.90%. The ex-dividend date of this dividend is Thursday, March 16th. This is a boost from Prologis’s previous quarterly dividend of $0.79. Prologis’s payout ratio is currently 80.00%.

Analysts Set New Price Targets

A number of equities research analysts have commented on PLD shares. Truist Financial raised their target price on Prologis from $135.00 to $140.00 and gave the company a “buy” rating in a report on Thursday, January 26th. Barclays decreased their price objective on shares of Prologis from $162.00 to $160.00 and set an “overweight” rating on the stock in a report on Tuesday, January 31st. StockNews.com cut shares of Prologis from a “hold” rating to a “sell” rating in a report on Friday, March 10th. Raymond James boosted their price target on Prologis from $130.00 to $145.00 and gave the stock a “strong-buy” rating in a research note on Wednesday, February 1st. Finally, Citigroup raised their price objective on Prologis to $140.00 in a research note on Wednesday, December 14th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Prologis currently has a consensus rating of “Moderate Buy” and a consensus target price of $145.00.

Prologis Profile

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Prologis, Inc engages in providing logistics solutions and services. It operates through the Real Estate and Strategic Capital segments. The Real Estate segment includes rental operations and development. The Strategic Capital segment represents the management of co-investment ventures and other unconsolidated entities.