Dakota Community Bank & Trust NA Buys 154 Shares of Prologis, Inc. (NYSE:PLD)

Dakota Community Bank & Trust NA boosted its stake in Prologis, Inc. (NYSE:PLD) by 7.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,161 shares of the real estate investment trust’s stock after buying an additional 154 shares during the quarter. Prologis makes up about 1.4% of Dakota Community Bank & Trust NA’s investment portfolio, making the stock its 29th largest position. Dakota Community Bank & Trust NA’s holdings in Prologis were worth $273,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Campbell & CO Investment Adviser LLC bought a new stake in shares of Prologis during the fourth quarter worth $474,000. Waterloo Capital L.P. bought a new position in Prologis during the 4th quarter worth about $358,000. Personal CFO Solutions LLC raised its stake in shares of Prologis by 29.4% in the 4th quarter. Personal CFO Solutions LLC now owns 3,624 shares of the real estate investment trust’s stock valued at $483,000 after purchasing an additional 824 shares during the period. Nomura Holdings Inc. acquired a new position in shares of Prologis during the fourth quarter worth about $21,860,000. Finally, Icon Wealth Advisors LLC bought a new position in shares of Prologis during the fourth quarter worth about $2,479,000. Institutional investors and hedge funds own 93.50% of the company’s stock.

Wall Street Analysts Forecast Growth

PLD has been the topic of several research reports. BMO Capital Markets restated a “market perform” rating and issued a $115.00 target price on shares of Prologis in a research note on Monday, July 15th. The Goldman Sachs Group increased their target price on shares of Prologis from $140.00 to $156.00 and gave the stock a “buy” rating in a report on Thursday, July 25th. Morgan Stanley lifted their price target on shares of Prologis from $132.00 to $133.00 and gave the company an “overweight” rating in a research note on Wednesday, August 14th. StockNews.com upgraded shares of Prologis from a “sell” rating to a “hold” rating in a research note on Thursday, July 18th. Finally, Argus raised their price objective on Prologis from $120.00 to $135.00 and gave the company a “buy” rating in a report on Tuesday, July 23rd. Seven investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $133.35.

Insiders Place Their Bets

In other news, CIO Joseph Ghazal sold 5,200 shares of the firm’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $129.07, for a total transaction of $671,164.00. Following the transaction, the executive now directly owns 13,187 shares of the company’s stock, valued at approximately $1,702,046.09. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.50% of the company’s stock.

Prologis Stock Performance

Prologis stock traded down $1.47 during trading hours on Tuesday, hitting $118.53. The company had a trading volume of 420,219 shares, compared to its average volume of 3,618,470. The firm has a 50-day moving average of $125.77 and a 200 day moving average of $118.02. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.36 and a quick ratio of 0.36. The firm has a market cap of $109.74 billion, a PE ratio of 34.73, a PEG ratio of 3.25 and a beta of 1.07. Prologis, Inc. has a one year low of $96.64 and a one year high of $137.52.

Prologis (NYSE:PLD) last released its quarterly earnings results on Wednesday, July 17th. The real estate investment trust reported $0.92 earnings per share for the quarter, missing the consensus estimate of $1.33 by ($0.41). Prologis had a return on equity of 4.88% and a net margin of 36.37%. The firm had revenue of $2.01 billion for the quarter, compared to analyst estimates of $1.86 billion. During the same period in the previous year, the business posted $1.83 earnings per share. The business’s revenue for the quarter was down 18.1% on a year-over-year basis. On average, sell-side analysts expect that Prologis, Inc. will post 5.42 earnings per share for the current year.

Prologis Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 16th were given a dividend of $0.96 per share. This represents a $3.84 dividend on an annualized basis and a yield of 3.24%. The ex-dividend date of this dividend was Monday, September 16th. Prologis’s dividend payout ratio is 112.28%.

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.