Private Trust Co. NA Has $479,000 Stock Holdings in Prologis, Inc. (NYSE:PLD)

Private Trust Co. NA lifted its holdings in shares of Prologis, Inc. (NYSE:PLD) by 10.3% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,795 shares of the real estate investment trust’s stock after buying an additional 354 shares during the period. Private Trust Co. NA’s holdings in Prologis were worth $479,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of PLD. Brown Brothers Harriman & Co. lifted its holdings in shares of Prologis by 5.1% in the third quarter. Brown Brothers Harriman & Co. now owns 4,132 shares of the real estate investment trust’s stock worth $522,000 after acquiring an additional 202 shares during the last quarter. Loomis Sayles & Co. L P increased its position in Prologis by 202.2% during the 3rd quarter. Loomis Sayles & Co. L P now owns 1,233 shares of the real estate investment trust’s stock worth $156,000 after purchasing an additional 825 shares in the last quarter. Independent Advisor Alliance boosted its position in Prologis by 32.5% in the third quarter. Independent Advisor Alliance now owns 15,054 shares of the real estate investment trust’s stock valued at $1,901,000 after buying an additional 3,690 shares in the last quarter. Harvest Fund Management Co. Ltd bought a new stake in shares of Prologis during the third quarter worth $335,000. Finally, Summit Trail Advisors LLC grew its stake in shares of Prologis by 19.2% during the third quarter. Summit Trail Advisors LLC now owns 12,444 shares of the real estate investment trust’s stock worth $1,571,000 after buying an additional 2,002 shares during the last quarter. 93.50% of the stock is currently owned by institutional investors.

Prologis Trading Up 1.4 %

NYSE PLD opened at $117.81 on Thursday. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.56. Prologis, Inc. has a 52 week low of $101.11 and a 52 week high of $137.52. The business has a 50 day moving average price of $119.09 and a 200-day moving average price of $118.61. The company has a market cap of $109.11 billion, a price-to-earnings ratio of 35.59, a P/E/G ratio of 3.45 and a beta of 1.08.

Prologis (NYSE:PLD) last issued its quarterly earnings data on Wednesday, October 16th. The real estate investment trust reported $1.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.37 by ($0.29). The business had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.91 billion. Prologis had a net margin of 39.08% and a return on equity of 5.34%. The firm’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.30 earnings per share. As a group, equities analysts expect that Prologis, Inc. will post 5.45 earnings per share for the current fiscal year.

Prologis Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 16th were given a $0.96 dividend. This represents a $3.84 dividend on an annualized basis and a yield of 3.26%. The ex-dividend date was Monday, September 16th. Prologis’s payout ratio is currently 116.01%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. JPMorgan Chase & Co. cut their price objective on Prologis from $138.00 to $131.00 and set an “overweight” rating on the stock in a report on Monday, October 21st. Bank of America restated a “neutral” rating and set a $128.00 price target on shares of Prologis in a report on Monday, August 12th. Wells Fargo & Company raised their price objective on shares of Prologis from $142.00 to $146.00 and gave the company an “overweight” rating in a report on Wednesday, August 28th. Royal Bank of Canada lowered shares of Prologis from an “outperform” rating to a “sector perform” rating and boosted their target price for the stock from $124.00 to $127.00 in a report on Monday, August 5th. Finally, Barclays raised their price target on shares of Prologis from $131.00 to $132.00 and gave the company an “overweight” rating in a research note on Monday, November 18th. Eight equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Prologis currently has an average rating of “Moderate Buy” and an average target price of $131.25.

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.