Independence Bank of Kentucky Has $127,000 Position in Prologis, Inc. (NYSE:PLD)

Independence Bank of Kentucky boosted its holdings in Prologis, Inc. (NYSE:PLDFree Report) by 1,064.6% in the 4th quarter, HoldingsChannel.com reports. The firm owned 955 shares of the real estate investment trust’s stock after acquiring an additional 873 shares during the quarter. Independence Bank of Kentucky’s holdings in Prologis were worth $127,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. VitalStone Financial LLC acquired a new stake in Prologis in the 2nd quarter valued at $27,000. Thompson Investment Management Inc. acquired a new stake in Prologis in the 4th quarter valued at $28,000. DHJJ Financial Advisors Ltd. acquired a new stake in Prologis in the 3rd quarter valued at $29,000. FinTrust Capital Advisors LLC grew its position in Prologis by 966.7% in the 3rd 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 during the period. Finally, Fairfield Bush & CO. acquired a new stake in Prologis in the 2nd quarter valued at $35,000. Institutional investors and hedge funds own 93.50% of the company’s stock.

Analyst Ratings Changes

PLD has been the subject of several research reports. Royal Bank of Canada lifted their price target on shares of Prologis from $128.00 to $145.00 and gave the company an “outperform” rating in a research report on Friday, February 16th. Robert W. Baird raised their price objective on Prologis from $133.00 to $137.00 and gave the company a “neutral” rating in a research note on Tuesday, January 23rd. Evercore ISI restated an “in-line” rating and set a $136.00 price objective on shares of Prologis in a research note on Monday, March 18th. Scotiabank raised 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. Finally, Mizuho restated a “neutral” rating and set a $130.00 price objective on shares of Prologis in a research note on Tuesday. Four 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, the company presently has an average rating of “Moderate Buy” and a consensus price target of $141.67.

View Our Latest Stock Analysis on PLD

Prologis Trading Up 0.4 %

NYSE PLD opened at $126.09 on Thursday. The stock has a market capitalization of $116.64 billion, a price-to-earnings ratio of 38.33, a PEG ratio of 2.56 and a beta of 1.00. Prologis, Inc. has a one year low of $96.64 and a one year high of $137.52. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.30 and a quick ratio of 0.30. The business’s fifty day moving average is $130.61 and its 200-day moving average is $121.85.

Prologis (NYSE:PLDGet Free Report) last announced its quarterly earnings data 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). Prologis had a return on equity of 5.29% and a net margin of 38.13%. The firm had revenue of $1.89 billion during the quarter, compared to analysts’ expectations of $1.85 billion. During the same period last year, the business posted $1.24 EPS. The company’s revenue was up 7.8% compared to the same quarter last year. Equities research 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. Investors of record on Monday, March 18th were issued a $0.96 dividend. The ex-dividend date was Friday, March 15th. This represents a $3.84 annualized dividend and a yield of 3.05%. This is a positive change from Prologis’s previous quarterly dividend of $0.87. Prologis’s dividend payout ratio (DPR) is 116.72%.

Prologis Company 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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