Columbia Trust Co 01012016 Purchases 723 Shares of Prologis, Inc. (NYSE:PLD)

Columbia Trust Co 01012016 grew its position in Prologis, Inc. (NYSE:PLD) by 16.0% during the fourth quarter, HoldingsChannel reports. The firm owned 5,240 shares of the real estate investment trust’s stock after buying an additional 723 shares during the quarter. Columbia Trust Co 01012016’s holdings in Prologis were worth $698,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. Family Legacy Inc. raised its position in shares of Prologis by 0.5% in the fourth quarter. Family Legacy Inc. now owns 16,634 shares of the real estate investment trust’s stock valued at $2,217,000 after purchasing an additional 87 shares during the period. Red Door Wealth Management LLC raised its position in shares of Prologis by 6.5% in the fourth quarter. Red Door Wealth Management LLC now owns 27,673 shares of the real estate investment trust’s stock valued at $3,689,000 after purchasing an additional 1,701 shares during the period. Jamison Private Wealth Management Inc. raised its position in shares of Prologis by 91.5% in the fourth quarter. Jamison Private Wealth Management Inc. now owns 605 shares of the real estate investment trust’s stock valued at $81,000 after purchasing an additional 289 shares during the period. Vert Asset Management LLC increased its position in Prologis by 12.4% during the fourth quarter. Vert Asset Management LLC now owns 137,047 shares of the real estate investment trust’s stock worth $18,268,000 after acquiring an additional 15,128 shares during the period. Finally, ZRC Wealth Management LLC bought a new position in Prologis during the fourth quarter worth $888,000. Institutional investors own 93.50% of the company’s stock.

Prologis Price Performance

Shares of NYSE:PLD traded down $1.99 on Tuesday, hitting $125.14. The stock had a trading volume of 3,562,951 shares, compared to its average volume of 3,125,783. Prologis, Inc. has a twelve month low of $96.64 and a twelve month high of $137.52. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.30 and a current ratio of 0.30. The firm’s 50 day moving average price is $130.62 and its 200-day moving average price is $121.62. The company has a market capitalization of $115.76 billion, a price-to-earnings ratio of 38.04, a price-to-earnings-growth ratio of 2.57 and a beta of 1.00.

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

Prologis Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 29th. Stockholders of record on Monday, March 18th will be paid a $0.96 dividend. This represents a $3.84 annualized dividend and a dividend yield of 3.07%. The ex-dividend date is Friday, March 15th. This is an increase from Prologis’s previous quarterly dividend of $0.87. Prologis’s payout ratio is currently 116.72%.

Wall Street Analyst Weigh In

PLD has been the topic of a number of research reports. StockNews.com raised shares of Prologis from a “sell” rating to a “hold” rating in a research report on Thursday, December 14th. Robert W. Baird boosted their target price on shares of Prologis from $133.00 to $137.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 23rd. TheStreet raised shares of Prologis from a “c+” rating to a “b-” rating in a research report on Friday, January 26th. Morgan Stanley boosted their target price on shares of Prologis from $128.00 to $141.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 24th. Finally, Mizuho boosted their price target on shares of Prologis from $125.00 to $130.00 and gave the company a “neutral” rating in a report on Wednesday, January 10th. Four investment 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 company has a consensus rating of “Moderate Buy” and an average price target of $142.47.

Prologis Profile

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.