CVA Family Office LLC Has $75,000 Position in Prologis, Inc. (NYSE:PLD)

CVA Family Office LLC boosted its position in shares of Prologis, Inc. (NYSE:PLD) by 25.7% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 671 shares of the real estate investment trust’s stock after purchasing an additional 137 shares during the quarter. CVA Family Office LLC’s holdings in Prologis were worth $75,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. International Assets Investment Management LLC boosted its holdings in shares of Prologis by 14,437.9% in the fourth quarter. International Assets Investment Management LLC now owns 226,210 shares of the real estate investment trust’s stock valued at $30,154,000 after buying an additional 224,654 shares during the period. Prime Capital Investment Advisors LLC boosted its holdings in Prologis by 39.3% during the fourth quarter. Prime Capital Investment Advisors LLC now owns 11,567 shares of the real estate investment trust’s stock worth $1,542,000 after purchasing an additional 3,261 shares during the last quarter. CENTRAL TRUST Co boosted its holdings in Prologis by 2.0% during the fourth quarter. CENTRAL TRUST Co now owns 17,823 shares of the real estate investment trust’s stock worth $2,376,000 after purchasing an additional 345 shares during the last quarter. Stratos Wealth Advisors LLC acquired a new position in Prologis during the fourth quarter worth $230,000. Finally, Tritonpoint Wealth LLC acquired a new position in Prologis during the fourth quarter worth $211,000. Institutional investors and hedge funds own 93.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Evercore ISI increased their target price on shares of Prologis from $119.00 to $123.00 and gave the stock an “in-line” rating in a report on Thursday, July 18th. Mizuho reduced their target price on shares of Prologis from $130.00 to $120.00 and set a “neutral” rating for the company in a report on Friday, May 31st. Barclays increased their target price on shares of Prologis from $123.00 to $142.00 and gave the stock an “overweight” rating in a report on Tuesday, July 30th. Robert W. Baird reduced their target price on shares of Prologis from $137.00 to $117.00 and set a “neutral” rating for the company in a report on Wednesday, May 1st. Finally, JPMorgan Chase & Co. dropped their price target on shares of Prologis from $143.00 to $128.00 and set an “overweight” rating on the stock in a research report on Thursday, April 25th. Six research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $132.60.

Prologis Stock Performance

Shares of PLD traded down $0.90 during trading hours on Wednesday, hitting $120.15. The company had a trading volume of 2,927,407 shares, compared to its average volume of 3,761,510. Prologis, Inc. has a 12 month low of $96.64 and a 12 month high of $137.52. The firm has a market cap of $111.24 billion, a price-to-earnings ratio of 35.32, a PEG ratio of 3.02 and a beta of 1.06. The business has a fifty day moving average of $115.69 and a 200-day moving average of $119.56. The company has a quick ratio of 0.29, a current ratio of 0.36 and a debt-to-equity ratio of 0.52.

Prologis (NYSE:PLD) last released its quarterly earnings results on Wednesday, July 17th. The real estate investment trust reported $0.92 EPS for the quarter, missing analysts’ consensus estimates of $1.33 by ($0.41). Prologis had a return on equity of 4.88% and a net margin of 36.37%. The business had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $1.86 billion. During the same period in the prior year, the business posted $1.83 earnings per share. Prologis’s revenue was down 18.1% compared to the same quarter last year. Equities analysts anticipate that Prologis, Inc. will post 5.43 EPS for the current fiscal year.

Prologis Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Monday, June 17th were paid a dividend of $0.96 per share. The ex-dividend date was Monday, June 17th. This represents a $3.84 dividend on an annualized basis and a yield of 3.20%. Prologis’s payout ratio is 112.28%.

About Prologis

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.