3,699 Shares in Prologis, Inc. (NYSE:PLD) Acquired by Good Steward Wealth Advisors LLC

Good Steward Wealth Advisors LLC acquired a new stake in Prologis, Inc. (NYSE:PLD - Free Report) in the first quarter, according to its most recent filing with the SEC. The fund acquired 3,699 shares of the real estate investment trust's stock, valued at approximately $414,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Murphy & Mullick Capital Management Corp purchased a new position in shares of Prologis in the fourth quarter valued at $26,000. Crowley Wealth Management Inc. purchased a new stake in Prologis during the 4th quarter worth about $27,000. Centricity Wealth Management LLC bought a new position in Prologis in the 4th quarter worth about $30,000. REAP Financial Group LLC grew its holdings in Prologis by 40.0% during the 4th quarter. REAP Financial Group LLC now owns 294 shares of the real estate investment trust's stock valued at $31,000 after buying an additional 84 shares in the last quarter. Finally, Whipplewood Advisors LLC purchased a new position in Prologis during the 4th quarter valued at about $34,000. Institutional investors own 93.50% of the company's stock.

Prologis Price Performance

PLD opened at $105.05 on Friday. Prologis, Inc. has a 12-month low of $85.35 and a 12-month high of $132.57. The company has a current ratio of 0.41, a quick ratio of 0.41 and a debt-to-equity ratio of 0.56. The stock has a 50-day moving average price of $105.43 and a 200-day moving average price of $109.85. The stock has a market capitalization of $97.48 billion, a P/E ratio of 26.26, a PEG ratio of 2.67 and a beta of 1.25.

Prologis (NYSE:PLD - Get Free Report) last posted its quarterly earnings results on Wednesday, April 16th. The real estate investment trust reported $1.42 earnings per share for the quarter, topping the consensus estimate of $1.38 by $0.04. Prologis had a net margin of 44.59% and a return on equity of 6.45%. The business had revenue of $1.99 billion during the quarter, compared to the consensus estimate of $1.99 billion. Equities analysts predict that Prologis, Inc. will post 5.73 earnings per share for the current fiscal year.

Prologis Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Tuesday, June 17th will be paid a $1.01 dividend. This represents a $4.04 dividend on an annualized basis and a dividend yield of 3.85%. The ex-dividend date is Tuesday, June 17th. Prologis's dividend payout ratio (DPR) is presently 101.00%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on PLD shares. BMO Capital Markets lowered their price target on shares of Prologis from $105.00 to $95.00 and set an "outperform" rating on the stock in a report on Monday, April 14th. Wall Street Zen lowered shares of Prologis from a "hold" rating to a "sell" rating in a report on Saturday, June 14th. Barclays lowered their target price on shares of Prologis from $132.00 to $119.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 30th. Wolfe Research lowered shares of Prologis from an "outperform" rating to a "peer perform" rating in a research report on Monday, April 21st. Finally, Morgan Stanley decreased their price target on shares of Prologis to $120.00 and set an "outperform" rating on the stock in a report on Monday, April 14th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating, ten have given a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, Prologis has a consensus rating of "Moderate Buy" and an average target price of $120.42.

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.

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