Wealth Enhancement Advisory Services LLC boosted its holdings in Prologis, Inc. (NYSE:PLD - Free Report) by 9.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 55,605 shares of the real estate investment trust's stock after acquiring an additional 4,851 shares during the quarter. Wealth Enhancement Advisory Services LLC's holdings in Prologis were worth $6,216,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Murphy & Mullick Capital Management Corp acquired a new stake in Prologis during the 4th quarter worth about $26,000. Crowley Wealth Management Inc. acquired a new position in shares of Prologis in the 4th quarter valued at about $27,000. REAP Financial Group LLC increased its holdings 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 valued at $31,000 after purchasing an additional 84 shares during the period. Whipplewood Advisors LLC acquired a new position in shares of Prologis in the 4th quarter valued at about $34,000. Finally, Promus Capital LLC acquired a new position in shares of Prologis in the 4th quarter valued at about $34,000. Institutional investors and hedge funds own 93.50% of the company's stock.
Prologis Stock Performance
Prologis stock opened at $108.20 on Wednesday. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.41 and a quick ratio of 0.41. The stock has a fifty day moving average price of $106.00 and a two-hundred day moving average price of $109.66. Prologis, Inc. has a 52-week low of $85.35 and a 52-week high of $132.57. The firm has a market capitalization of $100.40 billion, a P/E ratio of 27.05, a P/E/G ratio of 2.72 and a beta of 1.25.
Prologis (NYSE:PLD - Get Free Report) last announced its earnings results on Wednesday, April 16th. The real estate investment trust reported $1.42 earnings per share for the quarter, beating analysts' consensus estimates of $1.38 by $0.04. Prologis had a return on equity of 6.45% and a net margin of 44.59%. The company had revenue of $1.99 billion during the quarter, compared to analyst estimates of $1.99 billion. As a group, analysts anticipate that Prologis, Inc. will post 5.73 EPS for the current fiscal year.
Prologis Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Tuesday, June 17th will be issued a dividend of $1.01 per share. This represents a $4.04 dividend on an annualized basis and a yield of 3.73%. The ex-dividend date is Tuesday, June 17th. Prologis's dividend payout ratio (DPR) is currently 101.00%.
Analyst Ratings Changes
A number of brokerages have recently weighed in on PLD. Barclays dropped their target price on Prologis from $132.00 to $119.00 and set an "overweight" rating on the stock in a report on Wednesday, April 30th. Wall Street Zen downgraded Prologis from a "hold" rating to a "sell" rating in a report on Saturday, June 14th. Truist Financial dropped their price objective on Prologis from $123.00 to $120.00 and set a "buy" rating on the stock in a report on Monday, May 5th. Wolfe Research downgraded Prologis from an "outperform" rating to a "peer perform" rating in a report on Monday, April 21st. Finally, Morgan Stanley dropped their price objective on Prologis to $120.00 and set an "outperform" rating on the stock in a report on Monday, April 14th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $120.42.
Get Our Latest Stock Analysis on Prologis
About Prologis
(
Free Report)
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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