350 Shares in Prologis, Inc. (NYSE:PLD) Purchased by Trustcore Financial Services LLC

Trustcore Financial Services LLC acquired a new position in shares of Prologis, Inc. (NYSE:PLD) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 350 shares of the real estate investment trust’s stock, valued at approximately $37,000.

A number of other large investors have also recently made changes to their positions in the business. BlackRock Inc. raised its holdings in Prologis by 2.2% during the 4th quarter. BlackRock Inc. now owns 76,214,355 shares of the real estate investment trust’s stock worth $7,595,521,000 after purchasing an additional 1,640,816 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in Prologis by 6.5% during the 4th quarter. JPMorgan Chase & Co. now owns 28,826,307 shares of the real estate investment trust’s stock worth $2,872,829,000 after purchasing an additional 1,771,628 shares during the last quarter. PGGM Investments raised its holdings in Prologis by 3.8% during the 4th quarter. PGGM Investments now owns 8,907,384 shares of the real estate investment trust’s stock worth $887,710,000 after purchasing an additional 329,729 shares during the last quarter. UBS Asset Management Americas Inc. raised its holdings in Prologis by 13.7% during the 4th quarter. UBS Asset Management Americas Inc. now owns 7,280,048 shares of the real estate investment trust’s stock worth $725,530,000 after purchasing an additional 879,729 shares during the last quarter. Finally, Norges Bank bought a new stake in Prologis during the 4th quarter worth about $686,317,000. 94.07% of the stock is owned by hedge funds and other institutional investors.

NYSE:PLD opened at $114.86 on Wednesday. Prologis, Inc. has a twelve month low of $80.12 and a twelve month high of $117.61. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.45. The business has a 50 day moving average price of $111.42 and a two-hundred day moving average price of $103.34. The company has a market cap of $84.97 billion, a P/E ratio of 51.05, a price-to-earnings-growth ratio of 3.41 and a beta of 0.80.

Prologis (NYSE:PLD) last released its quarterly earnings results on Sunday, April 18th. The real estate investment trust reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.08. Prologis had a return on equity of 4.67% and a net margin of 38.21%. The firm had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $992.53 million. During the same quarter in the prior year, the firm posted $0.83 EPS. The business’s revenue was up 16.3% on a year-over-year basis. As a group, analysts anticipate that Prologis, Inc. will post 3.77 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 30th. Shareholders of record on Wednesday, June 16th will be given a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a yield of 2.19%. The ex-dividend date is Tuesday, June 15th. Prologis’s dividend payout ratio (DPR) is currently 76.13%.

A number of analysts have recently commented on PLD shares. Raymond James started coverage on Prologis in a research note on Thursday, April 22nd. They issued a “strong-buy” rating and a $125.00 price target for the company. Zacks Investment Research cut Prologis from a “buy” rating to a “hold” rating and set a $122.00 price target for the company. in a research note on Wednesday, April 21st. Wells Fargo & Company upped their price target on Prologis from $115.00 to $125.00 and gave the company an “overweight” rating in a research note on Monday, May 3rd. Morgan Stanley upped their price target on Prologis from $110.00 to $120.00 and gave the company an “overweight” rating in a research note on Monday, May 3rd. Finally, Evercore ISI raised Prologis from an “in-line” rating to an “outperform” rating and set a $121.00 price target for the company in a research note on Wednesday, January 27th. One analyst has rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. Prologis has an average rating of “Buy” and a consensus price target of $119.17.

About Prologis

Prologis, Inc is the global leader in logistics real estate with a focus on high-barrier, high-growth markets. As of December 31, 2020, 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 984 million square feet (91 million square meters) in 19 countries.

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Institutional Ownership by Quarter for Prologis (NYSE:PLD)

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