McGlone Suttner Wealth Management Inc. Has $577,000 Stock Holdings in Prologis, Inc. (NYSE:PLD)

McGlone Suttner Wealth Management Inc. increased its stake in shares of Prologis, Inc. (NYSE:PLD - Free Report) by 97.7% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,157 shares of the real estate investment trust's stock after buying an additional 2,548 shares during the period. McGlone Suttner Wealth Management Inc.'s holdings in Prologis were worth $577,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Brighton Jones LLC grew its position in shares of Prologis by 629.0% in the fourth quarter. Brighton Jones LLC now owns 17,475 shares of the real estate investment trust's stock valued at $1,847,000 after purchasing an additional 15,078 shares during the last quarter. Proficio Capital Partners LLC increased its position in Prologis by 18,374.0% during the fourth quarter. Proficio Capital Partners LLC now owns 346,388 shares of the real estate investment trust's stock worth $346,000 after buying an additional 344,513 shares in the last quarter. Steward Partners Investment Advisory LLC lifted its position in shares of Prologis by 6.2% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 29,576 shares of the real estate investment trust's stock valued at $3,126,000 after acquiring an additional 1,723 shares in the last quarter. Assetmark Inc. grew its holdings in shares of Prologis by 7.9% during the fourth quarter. Assetmark Inc. now owns 57,339 shares of the real estate investment trust's stock worth $6,061,000 after buying an additional 4,174 shares in the last quarter. Finally, Candriam S.C.A. lifted its stake in shares of Prologis by 15.6% during the fourth quarter. Candriam S.C.A. now owns 114,596 shares of the real estate investment trust's stock valued at $12,113,000 after buying an additional 15,449 shares during the period. Hedge funds and other institutional investors own 93.50% of the company's stock.

Prologis Price Performance

NYSE PLD traded down $0.28 on Friday, reaching $108.03. 1,549,648 shares of the stock traded hands, compared to its average volume of 4,170,417. Prologis, Inc. has a 12 month low of $85.35 and a 12 month high of $132.57. The company has a quick ratio of 0.41, a current ratio of 0.41 and a debt-to-equity ratio of 0.56. The firm's fifty day simple moving average is $106.82 and its 200 day simple moving average is $109.43. The company has a market cap of $100.24 billion, a price-to-earnings ratio of 27.01, a P/E/G ratio of 2.74 and a beta of 1.23.

Prologis (NYSE:PLD - Get Free Report) last issued its quarterly earnings results on Wednesday, April 16th. The real estate investment trust reported $1.42 EPS 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 firm had revenue of $1.99 billion for the quarter, compared to analysts' expectations of $1.99 billion. As a group, research analysts predict that Prologis, Inc. will post 5.73 EPS for the current fiscal year.

Prologis Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Tuesday, June 17th were given a dividend of $1.01 per share. This represents a $4.04 dividend on an annualized basis and a yield of 3.74%. The ex-dividend date was Tuesday, June 17th. Prologis's payout ratio is presently 101.00%.

Wall Street Analyst Weigh In

Several brokerages have weighed in on PLD. Evercore ISI cut their price target on Prologis from $111.00 to $106.00 and set an "in-line" rating for the company in a report on Thursday, April 17th. CJS Securities decreased their target price on shares of Prologis from $140.00 to $117.00 in a research report on Friday, April 11th. Scotiabank increased their price target on shares of Prologis from $97.00 to $100.00 and gave the stock a "sector underperform" rating in a research note on Monday, May 12th. Morgan Stanley decreased their target price on shares of Prologis to $120.00 and set an "outperform" rating for the company in a research note on Monday, April 14th. Finally, Wall Street Zen downgraded shares of Prologis from a "hold" rating to a "sell" rating in a research note on Saturday, June 14th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $120.42.

About Prologis

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.