McGlone Suttner Wealth Management Inc. Boosts Stock Position in Prologis, Inc. (NYSE:PLD)

McGlone Suttner Wealth Management Inc. lifted its position in Prologis, Inc. (NYSE:PLD - Free Report) by 97.7% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,157 shares of the real estate investment trust's stock after purchasing 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 (SEC).

Several other institutional investors have also recently made changes to their positions in the business. Murphy & Mullick Capital Management Corp bought a new stake in Prologis in the 4th quarter worth approximately $26,000. Crowley Wealth Management Inc. purchased a new position in shares of Prologis in the fourth quarter valued at $27,000. REAP Financial Group LLC grew its stake in shares of Prologis by 40.0% in the 4th quarter. REAP Financial Group LLC now owns 294 shares of the real estate investment trust's stock worth $31,000 after buying an additional 84 shares in the last quarter. Olde Wealth Management LLC purchased a new position in Prologis in the first quarter worth about $43,000. Finally, Missouri Trust & Investment Co grew its position in Prologis by 59.6% in the first quarter. Missouri Trust & Investment Co now owns 399 shares of the real estate investment trust's stock worth $45,000 after acquiring an additional 149 shares in the last quarter. Hedge funds and other institutional investors own 93.50% of the company's stock.

Prologis Price Performance

PLD stock traded up $0.51 during mid-day trading on Tuesday, reaching $106.84. 2,937,426 shares of the company's stock were exchanged, compared to its average volume of 4,172,099. The company has a market cap of $99.14 billion, a price-to-earnings ratio of 26.71, a price-to-earnings-growth ratio of 2.70 and a beta of 1.23. The stock's 50 day moving average is $106.87 and its 200 day moving average is $109.50. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.41 and a quick ratio of 0.41. Prologis, Inc. has a 12-month low of $85.35 and a 12-month high of $132.57.

Prologis (NYSE:PLD - Get Free Report) last released its earnings results on Wednesday, April 16th. The real estate investment trust reported $1.42 earnings per share for the quarter, beating the consensus estimate of $1.38 by $0.04. The business had revenue of $1.99 billion for the quarter, compared to the consensus estimate of $1.99 billion. Prologis had a return on equity of 6.45% and a net margin of 44.59%. On average, research analysts expect that Prologis, Inc. will post 5.73 EPS for the current 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. The ex-dividend date was Tuesday, June 17th. This represents a $4.04 dividend on an annualized basis and a yield of 3.78%. Prologis's payout ratio is 101.00%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Scotiabank lifted their price objective 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. CJS Securities cut their price target on shares of Prologis from $140.00 to $117.00 in a report on Friday, April 11th. Morgan Stanley cut 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. Royal Bank Of Canada cut their price objective on Prologis from $128.00 to $117.00 and set a "sector perform" rating on the stock in a research report on Tuesday, April 29th. Finally, Wells Fargo & Company cut their price target on shares of Prologis from $146.00 to $119.00 and set an "overweight" rating on the stock in a report on Monday, May 19th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating, ten have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $119.53.

Prologis 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.