Fidelis Capital Partners LLC Acquires 2,297 Shares of Prologis, Inc. (NYSE:PLD)

Fidelis Capital Partners LLC increased its holdings in Prologis, Inc. (NYSE:PLD) by 38.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 8,290 shares of the real estate investment trust’s stock after purchasing an additional 2,297 shares during the quarter. Fidelis Capital Partners LLC’s holdings in Prologis were worth $1,105,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. CreativeOne Wealth LLC lifted its holdings in Prologis by 1.5% in the second quarter. CreativeOne Wealth LLC now owns 5,547 shares of the real estate investment trust’s stock valued at $680,000 after buying an additional 82 shares during the period. SevenOneSeven Capital Management lifted its holdings in Prologis by 2.3% in the fourth quarter. SevenOneSeven Capital Management now owns 3,792 shares of the real estate investment trust’s stock valued at $427,000 after buying an additional 86 shares during the period. Family Legacy Inc. lifted its holdings in Prologis by 0.5% in the fourth quarter. Family Legacy Inc. now owns 16,634 shares of the real estate investment trust’s stock valued at $2,217,000 after buying an additional 87 shares during the period. Lockerman Financial Group Inc. lifted its holdings in Prologis by 2.0% in the fourth quarter. Lockerman Financial Group Inc. now owns 4,402 shares of the real estate investment trust’s stock valued at $587,000 after buying an additional 87 shares during the period. Finally, Hixon Zuercher LLC lifted its holdings in Prologis by 0.6% in the fourth quarter. Hixon Zuercher LLC now owns 14,631 shares of the real estate investment trust’s stock valued at $1,950,000 after buying an additional 88 shares during the period. Institutional investors and hedge funds own 93.50% of the company’s stock.

Prologis Stock Down 1.7 %

Shares of PLD traded down $1.82 on Thursday, reaching $104.67. The company’s stock had a trading volume of 6,310,203 shares, compared to its average volume of 3,391,285. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.50. Prologis, Inc. has a twelve month low of $96.64 and a twelve month high of $137.52. The stock has a market capitalization of $96.82 billion, a PE ratio of 31.82, a PEG ratio of 2.29 and a beta of 1.00. The firm has a fifty day moving average of $128.99 and a 200-day moving average of $122.19.

Prologis (NYSE:PLD) last posted its earnings results on Wednesday, January 17th. The real estate investment trust reported $0.68 earnings per share for the quarter, missing analysts’ consensus estimates of $1.26 by ($0.58). Prologis had a return on equity of 5.29% and a net margin of 38.13%. The business had revenue of $1.89 billion during the quarter, compared to analyst estimates of $1.85 billion. During the same quarter in the prior year, the company earned $1.24 EPS. The company’s revenue was up 7.8% on a year-over-year basis. Equities analysts predict that Prologis, Inc. will post 5.5 EPS for the current year.

Prologis Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Monday, March 18th were given a $0.96 dividend. This represents a $3.84 dividend on an annualized basis and a yield of 3.67%. This is an increase from Prologis’s previous quarterly dividend of $0.87. The ex-dividend date was Friday, March 15th. Prologis’s dividend payout ratio is presently 116.72%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. Barclays dropped their target price on shares of Prologis from $141.00 to $135.00 and set an “overweight” rating on the stock in a report on Wednesday. Royal Bank of Canada upped their price objective on shares of Prologis from $128.00 to $145.00 and gave the company an “outperform” rating in a report on Friday, February 16th. Morgan Stanley upped their price objective on shares of Prologis from $128.00 to $141.00 and gave the company an “overweight” rating in a report on Wednesday, January 24th. Raymond James upped their price objective on shares of Prologis from $130.00 to $145.00 and gave the company a “strong-buy” rating in a report on Wednesday, January 24th. Finally, Robert W. Baird upped their price objective on shares of Prologis from $133.00 to $137.00 and gave the company a “neutral” rating in a report on Tuesday, January 23rd. Four analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Prologis has a consensus rating of “Moderate Buy” and a consensus target price of $140.00.

Prologis Profile

Prologis, Inc is the global leader in logistics real estate with a focus on high-barrier, high-growth markets. At December 31, 2023, 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.