U.S. Capital Wealth Advisors LLC Acquires 8,778 Shares of Prologis, Inc. (NYSE:PLD)

U.S. Capital Wealth Advisors LLC lifted its position in Prologis, Inc. (NYSE:PLD - Free Report) by 61.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 22,990 shares of the real estate investment trust's stock after buying an additional 8,778 shares during the period. U.S. Capital Wealth Advisors LLC's holdings in Prologis were worth $2,570,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Murphy & Mullick Capital Management Corp bought a new position in Prologis in the fourth quarter worth approximately $26,000. Crowley Wealth Management Inc. bought a new position in Prologis in the fourth quarter worth approximately $27,000. REAP Financial Group LLC raised its position in Prologis by 40.0% in the fourth quarter. REAP Financial Group LLC now owns 294 shares of the real estate investment trust's stock worth $31,000 after acquiring an additional 84 shares during the period. Olde Wealth Management LLC bought a new position in Prologis in the first quarter worth approximately $43,000. Finally, Missouri Trust & Investment Co raised its position in Prologis by 59.6% in the first quarter. Missouri Trust & Investment Co now owns 399 shares of the real estate investment trust's stock worth $45,000 after acquiring an additional 149 shares during the period. Institutional investors own 93.50% of the company's stock.

Analyst Ratings Changes

Several research firms have weighed in on PLD. Wolfe Research downgraded shares of Prologis from an "outperform" rating to a "peer perform" rating in a research report on Monday, April 21st. Barclays reduced their price objective on shares of Prologis from $132.00 to $119.00 and set an "overweight" rating for the company in a research note on Wednesday, April 30th. BMO Capital Markets reduced their price objective on shares of Prologis from $105.00 to $95.00 and set an "outperform" rating for the company in a research note on Monday, April 14th. Wells Fargo & Company reduced their price objective on shares of Prologis from $146.00 to $119.00 and set an "overweight" rating for the company in a research note on Monday, May 19th. Finally, Wall Street Zen cut shares of Prologis from a "hold" rating to a "sell" rating in a research note on Saturday, June 14th. Two equities research 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 stock. Based on data from MarketBeat, Prologis has an average rating of "Moderate Buy" and a consensus target price of $119.53.

Prologis Price Performance

Shares of Prologis stock traded down $0.35 during trading hours on Wednesday, reaching $106.50. The company's stock had a trading volume of 4,459,693 shares, compared to its average volume of 4,173,251. 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 firm has a 50 day moving average price of $106.95 and a 200-day moving average price of $109.49. The stock has a market cap of $98.82 billion, a P/E ratio of 26.63, a P/E/G ratio of 2.70 and a beta of 1.23.

Prologis (NYSE:PLD - Get Free Report) last issued 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. The business had revenue of $1.99 billion for the quarter, compared to the consensus estimate of $1.99 billion. Prologis had a return on equity of 6.45% and a net margin of 44.59%. On average, analysts predict that Prologis, Inc. will post 5.73 EPS for the current year.

Prologis Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Tuesday, June 17th were given a $1.01 dividend. The ex-dividend date of this dividend was Tuesday, June 17th. This represents a $4.04 dividend on an annualized basis and a yield of 3.79%. Prologis's dividend payout ratio 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.