Greenfield Savings Bank Has $209,000 Stock Position in Prologis, Inc. (NYSE:PLD)

Greenfield Savings Bank reduced its stake in shares of Prologis, Inc. (NYSE:PLD) by 5.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,977 shares of the real estate investment trust’s stock after selling 122 shares during the quarter. Greenfield Savings Bank’s holdings in Prologis were worth $209,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Semmax Financial Advisors Inc. bought a new position in Prologis during the second quarter valued at about $27,000. Sunbelt Securities Inc. raised its stake in shares of Prologis by 640.0% in the second quarter. Sunbelt Securities Inc. now owns 259 shares of the real estate investment trust’s stock valued at $29,000 after purchasing an additional 224 shares in the last quarter. Dunhill Financial LLC boosted its stake in Prologis by 239.5% during the third quarter. Dunhill Financial LLC now owns 258 shares of the real estate investment trust’s stock worth $33,000 after buying an additional 182 shares in the last quarter. Hara Capital LLC bought a new stake in Prologis in the 3rd quarter valued at $48,000. Finally, Coastline Trust Co acquired a new position in shares of Prologis in the 3rd quarter valued at $52,000. 93.50% of the stock is owned by institutional investors.

Prologis Stock Up 1.7 %

NYSE:PLD opened at $105.37 on Tuesday. Prologis, Inc. has a 1 year low of $100.82 and a 1 year high of $135.76. The stock has a 50-day moving average price of $110.77 and a two-hundred day moving average price of $118.46. The stock has a market cap of $97.59 billion, a price-to-earnings ratio of 31.83, a PEG ratio of 3.27 and a beta of 1.09. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.56.

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

Prologis Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th were issued a $0.96 dividend. The ex-dividend date was Monday, December 16th. This represents a $3.84 dividend on an annualized basis and a dividend yield of 3.64%. Prologis’s dividend payout ratio (DPR) is 116.01%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on PLD. Scotiabank decreased their target price on shares of Prologis from $136.00 to $134.00 and set a “sector outperform” rating on the stock in a research report on Wednesday, December 4th. Baird R W upgraded Prologis from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 6th. The Goldman Sachs Group reiterated a “neutral” rating and issued a $132.00 price target (down from $142.00) on shares of Prologis in a research report on Monday, October 21st. JPMorgan Chase & Co. cut their price objective on Prologis from $138.00 to $131.00 and set an “overweight” rating for the company in a report on Monday, October 21st. Finally, BMO Capital Markets cut shares of Prologis from a “market perform” rating to an “underperform” rating and dropped their target price for the stock from $120.00 to $104.00 in a research report on Friday, December 6th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $129.06.

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.