Prologis, Inc. (NYSE:PLD) Shares Purchased by Hilltop Holdings Inc.

Hilltop Holdings Inc. lifted its stake in shares of Prologis, Inc. (NYSE:PLD) by 290.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 32,009 shares of the real estate investment trust’s stock after buying an additional 23,816 shares during the quarter. Hilltop Holdings Inc.’s holdings in Prologis were worth $4,042,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of PLD. Semmax Financial Advisors Inc. purchased a new stake in Prologis in the second quarter valued at $27,000. American Capital Advisory LLC acquired a new stake in shares of Prologis in the 2nd quarter valued at about $26,000. Central Valley Advisors LLC purchased a new position in Prologis during the 2nd quarter worth approximately $29,000. Sunbelt Securities Inc. grew its stake in Prologis by 640.0% during the 2nd 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 last quarter. Finally, Wetzel Investment Advisors Inc. acquired a new position in Prologis during the second quarter worth approximately $31,000. Hedge funds and other institutional investors own 93.50% of the company’s stock.

Wall Street Analysts Forecast Growth

PLD has been the topic of a number of research reports. Barclays raised their target price on shares of Prologis from $131.00 to $132.00 and gave the stock an “overweight” rating in a research report on Monday, November 18th. Scotiabank dropped their price objective on shares of Prologis from $142.00 to $136.00 and set a “sector outperform” rating on the stock in a research note on Friday, October 25th. Truist Financial upped their target price on shares of Prologis from $125.00 to $137.00 and gave the company a “buy” rating in a report on Monday, August 5th. Royal Bank of Canada lowered Prologis from an “outperform” rating to a “sector perform” rating and raised their price target for the stock from $124.00 to $127.00 in a report on Monday, August 5th. Finally, Morgan Stanley upped their price objective on Prologis from $132.00 to $133.00 and gave the company an “overweight” rating in a research note on Wednesday, August 14th. Eight research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Prologis has an average rating of “Moderate Buy” and an average price target of $131.25.

Prologis Trading Down 0.8 %

Shares of PLD stock opened at $115.82 on Tuesday. The company has a market capitalization of $107.27 billion, a price-to-earnings ratio of 34.99, a PEG ratio of 3.41 and a beta of 1.08. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.56. The firm has a 50-day moving average price of $118.70 and a 200 day moving average price of $118.80. Prologis, Inc. has a twelve month low of $101.11 and a twelve month high of $137.52.

Prologis (NYSE:PLD) last announced its quarterly earnings data on Wednesday, October 16th. The real estate investment trust reported $1.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.37 by ($0.29). The firm had revenue of $1.90 billion for the quarter, compared to analysts’ expectations of $1.91 billion. Prologis had a net margin of 39.08% and a return on equity of 5.34%. The business’s quarterly revenue was up 6.9% on a year-over-year basis. 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 fiscal year.

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.