Sunflower Bank N.A. Has $290,000 Stock Position in Prologis, Inc. (NYSE:PLD)

Sunflower Bank N.A. lifted its holdings in shares of Prologis, Inc. (NYSE:PLD) by 5.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,597 shares of the real estate investment trust’s stock after purchasing an additional 137 shares during the quarter. Sunflower Bank N.A.’s holdings in Prologis were worth $290,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Cohen & Steers Inc. boosted its holdings in shares of Prologis by 3.2% during the 4th quarter. Cohen & Steers Inc. now owns 28,331,750 shares of the real estate investment trust’s stock worth $2,994,557,000 after buying an additional 882,529 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Prologis by 2.9% during the 4th quarter. Geode Capital Management LLC now owns 21,372,231 shares of the real estate investment trust’s stock worth $2,252,853,000 after buying an additional 610,251 shares during the period. FMR LLC boosted its holdings in shares of Prologis by 11.7% during the 4th quarter. FMR LLC now owns 17,878,397 shares of the real estate investment trust’s stock worth $1,889,747,000 after buying an additional 1,875,978 shares during the period. Massachusetts Financial Services Co. MA boosted its holdings in shares of Prologis by 2.1% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 16,596,799 shares of the real estate investment trust’s stock worth $1,754,282,000 after buying an additional 334,907 shares during the period. Finally, Northern Trust Corp boosted its holdings in shares of Prologis by 54.6% during the 4th quarter. Northern Trust Corp now owns 13,855,339 shares of the real estate investment trust’s stock worth $1,464,509,000 after buying an additional 4,893,284 shares during the period. Institutional investors and hedge funds own 93.50% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Scotiabank upped their price objective on shares of Prologis from $97.00 to $100.00 and gave the stock a “sector underperform” rating in a report on Monday, May 12th. Wolfe Research downgraded shares of Prologis from an “outperform” rating to a “peer perform” rating in a report on Monday, April 21st. Wall Street Zen raised shares of Prologis from a “sell” rating to a “hold” rating in a report on Friday, May 30th. Barclays reduced their price target on shares of Prologis from $132.00 to $119.00 and set an “overweight” rating for the company in a report on Wednesday, April 30th. Finally, CJS Securities reduced their price target on shares of Prologis from $140.00 to $117.00 in a report on Friday, April 11th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, ten have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $120.42.

Prologis Price Performance

Shares of Prologis stock opened at $108.91 on Friday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.43 and a current ratio of 0.75. The firm’s 50-day simple moving average is $103.68 and its 200-day simple moving average is $110.41. Prologis, Inc. has a twelve month low of $85.35 and a twelve month high of $132.57. The firm has a market cap of $101.06 billion, a P/E ratio of 27.23, a price-to-earnings-growth ratio of 2.70 and a beta of 1.25.

Prologis (NYSE:PLD) last announced its quarterly earnings results on Wednesday, April 16th. The real estate investment trust reported $1.42 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to the consensus estimate of $1.99 billion. As a group, research analysts expect that Prologis, Inc. will post 5.73 EPS for the current fiscal year.

Prologis Announces Dividend

The company 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 dividend of $1.01 per share. This represents a $4.04 annualized dividend and a yield of 3.71%. The ex-dividend date of this dividend is Tuesday, June 17th. Prologis’s dividend payout ratio is currently 101.00%.

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.