Impact Capital Partners LLC Has $1.59 Million Position in Prologis, Inc. (NYSE:PLD)

Impact Capital Partners LLC grew its holdings in shares of Prologis, Inc. (NYSE:PLD) by 24.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 14,239 shares of the real estate investment trust’s stock after acquiring an additional 2,836 shares during the period. Impact Capital Partners LLC’s holdings in Prologis were worth $1,592,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Murphy & Mullick Capital Management Corp acquired a new stake in shares of Prologis in the 4th quarter valued at about $26,000. Crowley Wealth Management Inc. acquired a new stake in shares of Prologis in the 4th quarter valued at about $27,000. Centricity Wealth Management LLC acquired a new stake in shares of Prologis in the 4th quarter valued at about $30,000. REAP Financial Group LLC grew its stake in shares of Prologis by 40.0% in the 4th quarter. REAP Financial Group LLC now owns 294 shares of the real estate investment trust’s stock valued at $31,000 after buying an additional 84 shares during the period. Finally, Whipplewood Advisors LLC acquired a new stake in shares of Prologis in the 4th quarter valued at about $34,000. 93.50% of the stock is currently owned by institutional investors and hedge funds.

Prologis Price Performance

Prologis stock opened at $108.91 on Friday. Prologis, Inc. has a 52 week low of $85.35 and a 52 week high of $132.57. The company’s 50 day moving average price is $103.68 and its two-hundred day moving average price is $110.41. The company has a quick ratio of 0.43, a current ratio of 0.75 and a debt-to-equity ratio of 0.53. The stock has a market cap of $101.06 billion, a P/E ratio of 27.23, a P/E/G ratio of 2.70 and a beta of 1.25.

Prologis (NYSE:PLD) last posted its earnings results on Wednesday, April 16th. The real estate investment trust reported $1.42 EPS for the quarter, topping the consensus estimate of $1.38 by $0.04. Prologis had a net margin of 45.50% and a return on equity of 6.44%. The firm had revenue of $1.99 billion for the quarter, compared to analysts’ expectations of $1.99 billion. On average, equities analysts predict that Prologis, Inc. will post 5.73 earnings per share for the current year.

Prologis Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Tuesday, June 17th will be issued a $1.01 dividend. The ex-dividend date is Tuesday, June 17th. This represents a $4.04 dividend on an annualized basis and a dividend yield of 3.71%. Prologis’s dividend payout ratio (DPR) is presently 101.00%.

Analysts Set New Price Targets

Several brokerages have recently commented on PLD. Morgan Stanley reduced their target price on Prologis to $120.00 and set an “outperform” rating for the company in a research note on Monday, April 14th. CJS Securities reduced their target price on Prologis from $140.00 to $117.00 in a research note on Friday, April 11th. BMO Capital Markets cut their price target on Prologis from $105.00 to $95.00 and set an “outperform” rating for the company in a research note on Monday, April 14th. Wall Street Zen upgraded Prologis from a “sell” rating to a “hold” rating in a research note on Friday, May 30th. Finally, Evercore ISI cut their price target on Prologis from $111.00 to $106.00 and set an “in-line” rating for the company in a research note on Thursday, April 17th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, ten have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, Prologis presently has a consensus rating of “Moderate Buy” and an average target price of $120.42.

Prologis Company 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.