Vanderbilt University Has $2.49 Million Stock Position in Prologis, Inc. (NYSE:PLD)

Vanderbilt University decreased its position in Prologis, Inc. (NYSE:PLDFree Report) by 0.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 18,684 shares of the real estate investment trust’s stock after selling 88 shares during the period. Prologis comprises approximately 0.6% of Vanderbilt University’s holdings, making the stock its 13th largest holding. Vanderbilt University’s holdings in Prologis were worth $2,491,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. VitalStone Financial LLC bought a new stake in shares of Prologis in the 2nd quarter valued at approximately $27,000. Thompson Investment Management Inc. bought a new stake in shares of Prologis in the 4th quarter valued at approximately $28,000. DHJJ Financial Advisors Ltd. bought a new stake in shares of Prologis in the 3rd quarter valued at approximately $29,000. FinTrust Capital Advisors LLC grew its position in Prologis by 966.7% during the 3rd quarter. FinTrust Capital Advisors LLC now owns 256 shares of the real estate investment trust’s stock worth $29,000 after acquiring an additional 232 shares during the last quarter. Finally, Fairfield Bush & CO. bought a new stake in Prologis during the 2nd quarter worth approximately $35,000. Institutional investors and hedge funds own 93.50% of the company’s stock.

Prologis Stock Up 0.6 %

PLD stock traded up $0.81 during trading hours on Wednesday, reaching $126.39. 832,280 shares of the stock were exchanged, compared to its average volume of 3,078,397. The firm’s 50-day moving average is $130.61 and its 200-day moving average is $121.85. The company has a market cap of $116.92 billion, a price-to-earnings ratio of 38.30, a PEG ratio of 2.56 and a beta of 1.00. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.30 and a quick ratio of 0.30. Prologis, Inc. has a 12 month low of $96.64 and a 12 month high of $137.52.

Prologis (NYSE:PLDGet Free Report) last released its earnings results on Wednesday, January 17th. The real estate investment trust reported $0.68 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.26 by ($0.58). The firm had revenue of $1.89 billion for the quarter, compared to the consensus estimate of $1.85 billion. Prologis had a return on equity of 5.29% and a net margin of 38.13%. Prologis’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same quarter last year, the company posted $1.24 EPS. On average, equities research analysts expect that Prologis, Inc. will post 5.5 earnings per share for the current year.

Prologis Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Monday, March 18th were given a dividend of $0.96 per share. The ex-dividend date of this dividend was Friday, March 15th. This is an increase from Prologis’s previous quarterly dividend of $0.87. This represents a $3.84 annualized dividend and a yield of 3.04%. Prologis’s dividend payout ratio (DPR) is 116.72%.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Barclays decreased their price target on Prologis from $153.00 to $141.00 and set an “overweight” rating on the stock in a research report on Wednesday, March 27th. Scotiabank increased their price target on Prologis from $134.00 to $143.00 and gave the stock a “sector outperform” rating in a research report on Friday, December 15th. Royal Bank of Canada increased their price target on Prologis from $128.00 to $145.00 and gave the stock an “outperform” rating in a research report on Friday, February 16th. Evercore ISI reaffirmed an “in-line” rating and set a $136.00 price objective on shares of Prologis in a report on Monday, March 18th. Finally, Raymond James upped their price objective on Prologis from $130.00 to $145.00 and gave the stock a “strong-buy” rating in a report on Wednesday, January 24th. Four analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $141.67.

Check Out Our Latest Analysis on Prologis

Prologis Profile

(Free Report)

Prologis, Inc is the global leader in logistics real estate with a focus on high-barrier, high-growth markets. At December 31, 2023, 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.

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Institutional Ownership by Quarter for Prologis (NYSE:PLD)

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