180 Wealth Advisors LLC Has $2.37 Million Stock Position in Prologis, Inc. (NYSE:PLD)

180 Wealth Advisors LLC raised its position in shares of Prologis, Inc. (NYSE:PLDFree Report) by 7.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 22,426 shares of the real estate investment trust’s stock after buying an additional 1,469 shares during the quarter. 180 Wealth Advisors LLC’s holdings in Prologis were worth $2,370,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the company. Semmax Financial Advisors Inc. purchased a new stake in shares of Prologis during the 2nd quarter worth about $27,000. Sunbelt Securities Inc. increased its holdings in Prologis by 640.0% in the second quarter. Sunbelt Securities Inc. now owns 259 shares of the real estate investment trust’s stock worth $29,000 after buying an additional 224 shares during the last quarter. Dunhill Financial LLC raised its position in Prologis by 239.5% during the third quarter. Dunhill Financial LLC now owns 258 shares of the real estate investment trust’s stock valued at $33,000 after acquiring an additional 182 shares in the last quarter. Hara Capital LLC acquired a new stake in Prologis in the third quarter valued at approximately $48,000. Finally, Coastline Trust Co acquired a new stake in Prologis in the third quarter valued at approximately $52,000. 93.50% of the stock is owned by hedge funds and other institutional investors.

Prologis Price Performance

NYSE:PLD opened at $105.37 on Tuesday. The firm’s fifty day moving average price is $110.77 and its two-hundred day moving average price is $118.46. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.43 and a quick ratio of 0.43. The company has a market cap of $97.59 billion, a P/E ratio of 31.83, a P/E/G ratio of 3.27 and a beta of 1.09. Prologis, Inc. has a one year low of $100.82 and a one year high of $135.76.

Prologis (NYSE:PLDGet Free Report) last announced its earnings results on Wednesday, October 16th. The real estate investment trust reported $1.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.37 by ($0.29). Prologis had a net margin of 39.08% and a return on equity of 5.34%. The business had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.91 billion. During the same period in the previous year, the firm posted $1.30 EPS. The company’s revenue was up 6.9% compared to the same quarter last year. Equities analysts expect that Prologis, Inc. will post 5.45 earnings per share for the current year.

Prologis Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 16th were paid a $0.96 dividend. The ex-dividend date of this dividend was Monday, December 16th. This represents a $3.84 dividend on an annualized basis and a yield of 3.64%. Prologis’s dividend payout ratio (DPR) is 116.01%.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. JPMorgan Chase & Co. lowered their target price on shares of Prologis from $138.00 to $131.00 and set an “overweight” rating on the stock in a research note on Monday, October 21st. Raymond James restated an “outperform” rating and set a $125.00 price target (down from $130.00) on shares of Prologis in a research note on Wednesday, December 11th. Mizuho reduced their price objective on Prologis from $119.00 to $117.00 and set a “neutral” rating for the company in a research report on Wednesday, January 8th. Truist Financial decreased their price objective on Prologis from $137.00 to $132.00 and set a “buy” rating on the stock in a report on Thursday, December 5th. Finally, Barclays raised their target price on Prologis from $131.00 to $132.00 and gave the stock an “overweight” rating in a research report on Monday, November 18th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $129.06.

Check Out Our Latest 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.

Read More

Institutional Ownership by Quarter for Prologis (NYSE:PLD)

Receive News & Ratings for Prologis Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Prologis and related companies with MarketBeat.com's FREE daily email newsletter.