Thurston Springer Miller Herd & Titak Inc. Has $1.35 Million Position in Prologis, Inc. (NYSE:PLD)

Thurston Springer Miller Herd & Titak Inc. boosted its stake in Prologis, Inc. (NYSE:PLD) by 14.4% in the fourth quarter, HoldingsChannel reports. The firm owned 12,795 shares of the real estate investment trust’s stock after buying an additional 1,615 shares during the period. Thurston Springer Miller Herd & Titak Inc.’s holdings in Prologis were worth $1,352,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Semmax Financial Advisors Inc. bought a new position in shares of Prologis during the 2nd quarter worth about $27,000. Dunhill Financial LLC boosted its holdings in Prologis by 239.5% in the third quarter. Dunhill Financial LLC now owns 258 shares of the real estate investment trust’s stock worth $33,000 after acquiring an additional 182 shares in the last quarter. Sunbelt Securities Inc. boosted its holdings in Prologis by 640.0% in the second quarter. Sunbelt Securities Inc. now owns 259 shares of the real estate investment trust’s stock worth $29,000 after acquiring an additional 224 shares in the last quarter. Hara Capital LLC acquired a new stake in Prologis in the third quarter valued at approximately $48,000. Finally, Coastline Trust Co bought a new stake in shares of Prologis during the third quarter valued at approximately $52,000. 93.50% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. The Goldman Sachs Group reiterated a “neutral” rating and issued a $132.00 target price (down from $142.00) on shares of Prologis in a report on Monday, October 21st. Baird R W raised shares of Prologis from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 6th. Scotiabank decreased their target price on shares of Prologis from $136.00 to $134.00 and set a “sector outperform” rating for the company in a research report on Wednesday, December 4th. JPMorgan Chase & Co. dropped their price target on shares of Prologis from $138.00 to $131.00 and set an “overweight” rating on the stock in a research report on Monday, October 21st. Finally, Raymond James reissued an “outperform” rating and set a $125.00 price objective (down from $130.00) on shares of Prologis in a report on Wednesday, December 11th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Prologis has an average rating of “Moderate Buy” and a consensus target price of $129.06.

Prologis Trading Up 2.7 %

NYSE PLD opened at $108.26 on Wednesday. The business’s fifty day moving average is $110.65 and its 200-day moving average is $118.43. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.43 and a quick ratio of 0.43. The stock has a market capitalization of $100.27 billion, a price-to-earnings ratio of 32.71, a PEG ratio of 3.27 and a beta of 1.09. Prologis, Inc. has a one year low of $100.82 and a one year high of $135.76.

Prologis (NYSE:PLD) last posted 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 company had revenue of $1.90 billion for the quarter, compared to analysts’ expectations of $1.91 billion. Prologis had a return on equity of 5.34% and a net margin of 39.08%. The business’s quarterly revenue was up 6.9% on a year-over-year basis. During the same quarter last year, the business posted $1.30 EPS. Equities research analysts predict that Prologis, Inc. will post 5.45 EPS for the current year.

Prologis Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th were paid a dividend of $0.96 per share. The ex-dividend date of this dividend was Monday, December 16th. This represents a $3.84 annualized dividend and a dividend yield of 3.55%. Prologis’s payout ratio is currently 116.01%.

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.