Strategic Wealth Partners Ltd. Grows Stock Holdings in Prologis, Inc. (NYSE:PLD)

Strategic Wealth Partners Ltd. raised its holdings in shares of Prologis, Inc. (NYSE:PLD - Free Report) by 21.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 82,149 shares of the real estate investment trust's stock after buying an additional 14,637 shares during the period. Strategic Wealth Partners Ltd.'s holdings in Prologis were worth $8,683,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in PLD. Toronto Dominion Bank boosted its holdings in shares of Prologis by 8.2% during the fourth quarter. Toronto Dominion Bank now owns 498,725 shares of the real estate investment trust's stock worth $52,715,000 after purchasing an additional 37,661 shares during the period. Royal Bank of Canada raised its stake in Prologis by 3.3% in the fourth quarter. Royal Bank of Canada now owns 4,686,333 shares of the real estate investment trust's stock worth $495,347,000 after buying an additional 150,200 shares in the last quarter. Raiffeisen Bank International AG bought a new position in Prologis in the fourth quarter worth about $387,000. Resolution Capital Ltd increased its stake in shares of Prologis by 4.9% during the fourth quarter. Resolution Capital Ltd now owns 2,503,328 shares of the real estate investment trust's stock valued at $264,602,000 after purchasing an additional 116,349 shares in the last quarter. Finally, ProShare Advisors LLC increased its stake in shares of Prologis by 6.8% during the fourth quarter. ProShare Advisors LLC now owns 182,861 shares of the real estate investment trust's stock valued at $19,328,000 after purchasing an additional 11,645 shares in the last quarter. 93.50% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on PLD shares. UBS Group increased their price target on shares of Prologis from $121.00 to $137.00 and gave the company a "buy" rating in a report on Tuesday, January 28th. Evercore ISI dropped their price target on Prologis from $111.00 to $106.00 and set an "in-line" rating on the stock in a research note on Thursday, April 17th. Scotiabank raised their price target on Prologis from $97.00 to $100.00 and gave the stock a "sector underperform" rating in a research note on Monday, May 12th. Wolfe Research cut shares of Prologis from an "outperform" rating to a "peer perform" rating in a research note on Monday, April 21st. Finally, Wells Fargo & Company reduced 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. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, Prologis presently has a consensus rating of "Moderate Buy" and a consensus price target of $120.42.

Prologis Price Performance

Shares of Prologis stock traded down $4.02 during trading hours on Wednesday, reaching $104.72. The company's stock had a trading volume of 2,861,561 shares, compared to its average volume of 4,191,387. The firm has a 50 day moving average price of $104.76 and a 200-day moving average price of $111.04. 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 0.53, a current ratio of 0.75 and a quick ratio of 0.43. The stock has a market cap of $97.17 billion, a P/E ratio of 26.18, a P/E/G ratio of 2.70 and a beta of 1.25.

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, beating the consensus estimate of $1.38 by $0.04. The company had revenue of $1.99 billion for the quarter, compared to the consensus estimate of $1.99 billion. Prologis had a net margin of 45.50% and a return on equity of 6.44%. On average, analysts predict that Prologis, Inc. will post 5.73 EPS for the current year.

Prologis Dividend Announcement

The business also recently disclosed 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 annualized dividend and a yield of 3.86%. Prologis's dividend payout ratio (DPR) is 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.