Sunflower Bank N.A. Grows Stock Position in Prologis, Inc. (NYSE:PLD)

Sunflower Bank N.A. raised its stake in Prologis, Inc. (NYSE:PLD) by 25.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,460 shares of the real estate investment trust’s stock after acquiring an additional 492 shares during the quarter. Sunflower Bank N.A.’s holdings in Prologis were worth $260,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in PLD. Semmax Financial Advisors Inc. acquired a new stake in Prologis during the second quarter valued at $27,000. Dunhill Financial LLC boosted its stake in shares of Prologis by 239.5% during the 3rd quarter. Dunhill Financial LLC now owns 258 shares of the real estate investment trust’s stock worth $33,000 after acquiring an additional 182 shares in the last quarter. Sunbelt Securities Inc. grew its position in shares of Prologis by 640.0% during the 2nd quarter. Sunbelt Securities Inc. now owns 259 shares of the real estate investment trust’s stock valued at $29,000 after acquiring an additional 224 shares during the period. Hara Capital LLC purchased a new position in shares of Prologis in the 3rd quarter valued at about $48,000. Finally, Coastline Trust Co acquired a new position in Prologis in the 3rd quarter worth about $52,000. Institutional investors and hedge funds own 93.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on PLD shares. The Goldman Sachs Group reissued a “neutral” rating and issued a $132.00 price objective (down from $142.00) on shares of Prologis in a report on Monday, October 21st. Scotiabank cut their price target on shares of Prologis from $136.00 to $134.00 and set a “sector outperform” rating for the company in a report on Wednesday, December 4th. Truist Financial decreased their price objective on shares of Prologis from $137.00 to $132.00 and set a “buy” rating on the stock in a report on Thursday, December 5th. Evercore ISI boosted their target price on shares of Prologis from $124.00 to $128.00 and gave the stock an “in-line” rating in a research note on Monday, September 16th. Finally, Mizuho decreased their price target on shares of Prologis from $119.00 to $117.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $129.06.

Prologis Trading Up 1.7 %

Shares of PLD traded up $1.78 during trading on Monday, reaching $105.37. 5,756,495 shares of the company traded hands, compared to its average volume of 4,385,279. The stock has a 50-day simple moving average of $110.94 and a 200-day simple moving average of $118.50. The stock has a market cap of $97.59 billion, a PE ratio of 31.83, a price-to-earnings-growth ratio of 3.27 and a beta of 1.09. Prologis, Inc. has a twelve month low of $100.82 and a twelve month high of $135.76. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.56.

Prologis (NYSE:PLD) last posted its earnings results on Wednesday, October 16th. The real estate investment trust reported $1.08 earnings per share for the quarter, missing the consensus estimate of $1.37 by ($0.29). Prologis had a net margin of 39.08% and a return on equity of 5.34%. The company had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.91 billion. During the same quarter last year, the business posted $1.30 EPS. The firm’s revenue for the quarter was up 6.9% on a year-over-year basis. On average, analysts anticipate that Prologis, Inc. will post 5.45 earnings per share for the current year.

Prologis Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 16th were issued a dividend of $0.96 per share. This represents a $3.84 dividend on an annualized basis and a yield of 3.64%. The ex-dividend date of this dividend was Monday, December 16th. Prologis’s dividend payout ratio (DPR) is 116.01%.

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.