Dupont Capital Management Corp Has $13.22 Million Stake in Prologis, Inc. (NYSE:PLD)

Dupont Capital Management Corp trimmed its position in shares of Prologis, Inc. (NYSE:PLDFree Report) by 2.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 99,180 shares of the real estate investment trust’s stock after selling 2,580 shares during the period. Prologis accounts for approximately 1.2% of Dupont Capital Management Corp’s investment portfolio, making the stock its 25th biggest position. Dupont Capital Management Corp’s holdings in Prologis were worth $13,221,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. VitalStone Financial LLC acquired a new position in Prologis in the second quarter valued at about $27,000. Thompson Investment Management Inc. acquired a new position in Prologis in the fourth quarter valued at about $28,000. DHJJ Financial Advisors Ltd. acquired a new position in Prologis in the third quarter valued at about $29,000. FinTrust Capital Advisors LLC raised its stake in Prologis by 966.7% in the third quarter. FinTrust Capital Advisors LLC now owns 256 shares of the real estate investment trust’s stock valued at $29,000 after purchasing an additional 232 shares in the last quarter. Finally, Fairfield Bush & CO. acquired a new position in Prologis during the second quarter worth about $35,000. 93.50% of the stock is owned by institutional investors.

Prologis Stock Down 1.8 %

PLD stock opened at $125.58 on Wednesday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.30 and a current ratio of 0.30. The company has a market capitalization of $116.17 billion, a price-to-earnings ratio of 38.17, a PEG ratio of 2.60 and a beta of 1.00. Prologis, Inc. has a fifty-two week low of $96.64 and a fifty-two week high of $137.52. The stock has a fifty day moving average of $130.66 and a 200-day moving average of $121.83.

Prologis (NYSE:PLDGet Free Report) last posted its quarterly earnings results on Wednesday, January 17th. The real estate investment trust reported $0.68 earnings per share for the quarter, missing the consensus estimate of $1.26 by ($0.58). The firm had revenue of $1.89 billion for the quarter, compared to the consensus estimate of $1.85 billion. Prologis had a return on equity of 5.29% and a net margin of 38.13%. The firm’s revenue was up 7.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.24 EPS. As a group, equities research analysts predict that Prologis, Inc. will post 5.5 earnings per share for the current year.

Prologis Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Monday, March 18th were paid a dividend of $0.96 per share. This is an increase from Prologis’s previous quarterly dividend of $0.87. The ex-dividend date of this dividend was Friday, March 15th. This represents a $3.84 annualized dividend and a dividend yield of 3.06%. Prologis’s dividend payout ratio is presently 116.72%.

Analysts Set New Price Targets

Several research analysts have commented on PLD shares. JPMorgan Chase & Co. raised Prologis from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $123.00 to $148.00 in a research note on Monday, December 18th. Morgan Stanley upped their price objective on Prologis from $128.00 to $141.00 and gave the company an “overweight” rating in a research note on Wednesday, January 24th. Scotiabank upped their price objective on Prologis from $134.00 to $143.00 and gave the company a “sector outperform” rating in a research note on Friday, December 15th. Royal Bank of Canada upped their price objective on Prologis from $128.00 to $145.00 and gave the company an “outperform” rating in a research note on Friday, February 16th. Finally, StockNews.com raised Prologis from a “sell” rating to a “hold” rating in a research note on Thursday, December 14th. Four equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $141.67.

Get Our Latest Report on PLD

Prologis Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Prologis (NYSE:PLD)

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