Focus Partners Wealth Acquires 17,576 Shares of Prologis, Inc. (NYSE:PLD)

Focus Partners Wealth lifted its stake in Prologis, Inc. (NYSE:PLD - Free Report) by 23.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 92,045 shares of the real estate investment trust's stock after purchasing an additional 17,576 shares during the period. Focus Partners Wealth's holdings in Prologis were worth $9,807,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Murphy & Mullick Capital Management Corp purchased a new stake in shares of Prologis in the 4th quarter worth about $26,000. Crowley Wealth Management Inc. purchased a new stake in shares of Prologis in the 4th quarter worth about $27,000. Centricity Wealth Management LLC purchased a new stake in shares of Prologis in the 4th quarter worth about $30,000. Whipplewood Advisors LLC purchased a new position in Prologis during the 4th quarter valued at about $34,000. Finally, Promus Capital LLC purchased a new position in Prologis during the 4th quarter valued at about $34,000. 93.50% of the stock is owned by hedge funds and other institutional investors.

Prologis Stock Performance

Shares of PLD stock traded up $1.33 during trading hours on Friday, reaching $110.56. The company had a trading volume of 2,768,361 shares, compared to its average volume of 4,196,714. The business has a fifty day moving average price of $105.03 and a 200-day moving average price of $111.16. Prologis, Inc. has a one year low of $85.35 and a one year high of $132.57. The firm has a market cap of $102.59 billion, a PE ratio of 27.64, a price-to-earnings-growth ratio of 2.70 and a beta of 1.25. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.43 and a current ratio of 0.75.

Prologis (NYSE:PLD - Get Free Report) last announced its quarterly earnings results on Wednesday, April 16th. The real estate investment trust reported $1.42 EPS for the quarter, topping analysts' consensus estimates of $1.38 by $0.04. Prologis had a net margin of 45.50% and a return on equity of 6.44%. The firm had revenue of $1.99 billion during the quarter, compared to analyst estimates of $1.99 billion. Sell-side analysts predict that Prologis, Inc. will post 5.73 earnings per share for the current fiscal year.

Prologis Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Tuesday, June 17th will be paid a $1.01 dividend. The ex-dividend date is Tuesday, June 17th. This represents a $4.04 dividend on an annualized basis and a dividend yield of 3.65%. Prologis's dividend payout ratio is presently 101.00%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on PLD. Barclays lowered their price target on shares of Prologis from $132.00 to $119.00 and set an "overweight" rating for the company in a research report on Wednesday, April 30th. Raymond James reissued a "market perform" rating on shares of Prologis in a research report on Monday, February 3rd. Scotiabank lifted their price target on shares of Prologis from $97.00 to $100.00 and gave the company a "sector underperform" rating in a research report on Monday. Robert W. Baird lowered their price target on shares of Prologis from $126.00 to $120.00 and set an "outperform" rating for the company in a research report on Wednesday, May 7th. Finally, BTIG Research lowered their price target on shares of Prologis from $154.00 to $134.00 and set a "buy" rating for the company in a research report on Friday, January 17th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $121.84.

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.