Stratos Wealth Partners LTD. Sells 2,355 Shares of Prologis, Inc. (NYSE:PLD)

Stratos Wealth Partners LTD. cut its holdings in Prologis, Inc. (NYSE:PLD - Free Report) by 14.8% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 13,585 shares of the real estate investment trust's stock after selling 2,355 shares during the quarter. Stratos Wealth Partners LTD.'s holdings in Prologis were worth $1,519,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of PLD. Brighton Jones LLC boosted its position in shares of Prologis by 629.0% during the fourth quarter. Brighton Jones LLC now owns 17,475 shares of the real estate investment trust's stock worth $1,847,000 after purchasing an additional 15,078 shares in the last quarter. Proficio Capital Partners LLC boosted its position in shares of Prologis by 74.8% during the fourth quarter. Proficio Capital Partners LLC now owns 3,277 shares of the real estate investment trust's stock worth $346,000 after purchasing an additional 1,402 shares in the last quarter. Independent Advisor Alliance boosted its position in shares of Prologis by 8.3% during the fourth quarter. Independent Advisor Alliance now owns 16,299 shares of the real estate investment trust's stock worth $1,723,000 after purchasing an additional 1,245 shares in the last quarter. HighTower Advisors LLC boosted its position in shares of Prologis by 5.7% during the fourth quarter. HighTower Advisors LLC now owns 179,534 shares of the real estate investment trust's stock worth $18,977,000 after purchasing an additional 9,606 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its position in shares of Prologis by 228.9% during the fourth quarter. EverSource Wealth Advisors LLC now owns 3,253 shares of the real estate investment trust's stock worth $344,000 after purchasing an additional 2,264 shares in the last quarter. 93.50% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on PLD shares. 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 research report on Monday, May 19th. Evercore ISI reduced their price target on shares of Prologis from $111.00 to $106.00 and set an "in-line" rating on the stock in a research report on Thursday, April 17th. Mizuho dropped their price objective on shares of Prologis from $117.00 to $105.00 and set a "neutral" rating on the stock in a report on Friday, April 11th. Morgan Stanley dropped their price objective on shares of Prologis to $120.00 and set an "outperform" rating on the stock in a report on Monday, April 14th. Finally, Truist Financial dropped their price objective on shares of Prologis from $123.00 to $120.00 and set a "buy" rating on the stock in a report on Monday, May 5th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $119.53.

Prologis Trading Up 0.6%

Shares of NYSE:PLD opened at $109.05 on Friday. The company's 50-day moving average price is $107.21 and its two-hundred day moving average price is $109.52. 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 one year low of $85.35 and a one year high of $132.57. The stock has a market capitalization of $101.19 billion, a PE ratio of 27.26, a price-to-earnings-growth ratio of 2.75 and a beta of 1.23.

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, topping the consensus estimate of $1.38 by $0.04. Prologis had a net margin of 44.59% and a return on equity of 6.45%. The firm had revenue of $1.99 billion for the quarter, compared to analysts' expectations of $1.99 billion. On average, equities analysts forecast that Prologis, Inc. will post 5.73 EPS for the current fiscal year.

Prologis Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Tuesday, June 17th were paid a dividend of $1.01 per share. The ex-dividend date was Tuesday, June 17th. This represents a $4.04 annualized dividend and a dividend yield of 3.70%. Prologis's dividend payout ratio is presently 101.00%.

About Prologis

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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