Red Door Wealth Management LLC grew its position in shares of Prologis, Inc. (NYSE:PLD - Free Report) by 13.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 42,892 shares of the real estate investment trust's stock after buying an additional 5,062 shares during the period. Red Door Wealth Management LLC's holdings in Prologis were worth $4,795,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Murphy & Mullick Capital Management Corp acquired a new stake in shares of Prologis during the 4th quarter worth $26,000. Crowley Wealth Management Inc. bought a new stake in Prologis during the fourth quarter worth about $27,000. REAP Financial Group LLC grew its stake 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 worth $31,000 after buying an additional 84 shares in the last quarter. Whipplewood Advisors LLC bought a new position in 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 approximately $34,000. Institutional investors and hedge funds own 93.50% of the company's stock.
Prologis Price Performance
Shares of NYSE PLD traded down $0.28 during midday trading on Thursday, reaching $108.03. 1,549,648 shares of the stock traded hands, compared to its average volume of 4,151,497. The company's 50 day moving average is $106.61 and its 200 day moving average is $109.40. Prologis, Inc. has a one year low of $85.35 and a one year high of $132.57. 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 market capitalization of $100.24 billion, a PE ratio of 27.01, a P/E/G ratio of 2.70 and a beta of 1.23.
Prologis (NYSE:PLD - Get Free Report) last posted its quarterly earnings data on Wednesday, April 16th. The real estate investment trust reported $1.42 earnings per share (EPS) 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 analysts' expectations of $1.99 billion. On average, equities research analysts anticipate that Prologis, Inc. will post 5.73 earnings per share for the current year.
Prologis Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Monday, June 30th. Shareholders 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 dividend payout ratio is presently 101.00%.
Analyst Ratings Changes
Several analysts recently issued reports on the stock. 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 report on Monday, May 12th. Wells Fargo & Company decreased their price target on Prologis from $146.00 to $119.00 and set an "overweight" rating on the stock in a research note on Monday, May 19th. BMO Capital Markets dropped their price objective on Prologis from $105.00 to $95.00 and set an "outperform" rating for the company in a research report on Monday, April 14th. Royal Bank Of Canada decreased their target price 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, CJS Securities dropped their target price on shares of Prologis from $140.00 to $117.00 in a report on Friday, April 11th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating, ten have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, Prologis currently has an average rating of "Moderate Buy" and an average target price of $120.42.
Get Our Latest Research Report on PLD
Prologis Company Profile
(
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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