MFA Wealth Advisors LLC Makes New Investment in Prologis, Inc. (NYSE:PLD)

MFA Wealth Advisors LLC bought a new position in shares of Prologis, Inc. (NYSE:PLD - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 3,225 shares of the real estate investment trust's stock, valued at approximately $361,000.

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

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Royal Bank Of Canada cut their target price on shares of Prologis from $128.00 to $117.00 and set a "sector perform" rating for the company in a research report on Tuesday, April 29th. Wells Fargo & Company decreased their target price on Prologis from $146.00 to $119.00 and set an "overweight" rating for the company in a research note on Monday, May 19th. Mizuho lowered their target price on Prologis from $117.00 to $105.00 and set a "neutral" rating on the stock in a report on Friday, April 11th. Robert W. Baird cut their price target on Prologis from $126.00 to $120.00 and set an "outperform" rating for the company in a report on Wednesday, May 7th. Finally, Evercore ISI reduced their price objective on Prologis from $111.00 to $106.00 and set an "in-line" rating for the company in a research report on Thursday, April 17th. 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 given a strong buy rating to the company. According to data from MarketBeat, Prologis presently has a consensus rating of "Moderate Buy" and a consensus target price of $120.42.

Prologis Price Performance

NYSE PLD traded down $0.04 on Thursday, reaching $105.05. The company's stock had a trading volume of 2,599,324 shares, compared to its average volume of 4,118,967. Prologis, Inc. has a 52 week low of $85.35 and a 52 week 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 firm has a market cap of $97.48 billion, a PE ratio of 26.26, a price-to-earnings-growth ratio of 2.67 and a beta of 1.25. The business has a 50-day moving average price of $105.22 and a 200 day moving average price of $109.92.

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

Prologis Dividend Announcement

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

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.