Prologis, Inc. (NYSE:PLD) Shares Sold by Stratos Wealth Partners LTD.

Stratos Wealth Partners LTD. decreased its holdings in Prologis, Inc. (NYSE:PLD) by 1.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 9,653 shares of the real estate investment trust’s stock after selling 183 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in Prologis were worth $1,287,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Columbia Trust Co 01012016 raised its holdings in Prologis by 16.0% in the 4th quarter. Columbia Trust Co 01012016 now owns 5,240 shares of the real estate investment trust’s stock worth $698,000 after purchasing an additional 723 shares during the period. Cyndeo Wealth Partners LLC grew its position in shares of Prologis by 39.4% in the fourth quarter. Cyndeo Wealth Partners LLC now owns 42,005 shares of the real estate investment trust’s stock valued at $5,599,000 after purchasing an additional 11,882 shares in the last quarter. DNB Asset Management AS grew its position in shares of Prologis by 17.1% in the fourth quarter. DNB Asset Management AS now owns 287,505 shares of the real estate investment trust’s stock valued at $38,324,000 after purchasing an additional 42,073 shares in the last quarter. Grassi Investment Management grew its position in shares of Prologis by 31.8% in the fourth quarter. Grassi Investment Management now owns 252,146 shares of the real estate investment trust’s stock valued at $33,611,000 after purchasing an additional 60,900 shares in the last quarter. Finally, Selway Asset Management purchased a new stake in shares of Prologis in the third quarter valued at approximately $177,000. Institutional investors and hedge funds own 93.50% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. Mizuho reiterated a “neutral” rating and issued a $130.00 price objective on shares of Prologis in a research report on Tuesday, April 2nd. StockNews.com upgraded Prologis from a “sell” rating to a “hold” rating in a research report on Thursday, December 14th. TheStreet upgraded Prologis from a “c+” rating to a “b-” rating in a research report on Friday, January 26th. Scotiabank increased their price objective on Prologis from $134.00 to $143.00 and gave the stock a “sector outperform” rating in a research report on Friday, December 15th. Finally, Royal Bank of Canada increased their price objective on Prologis from $128.00 to $145.00 and gave the stock an “outperform” rating in a research report on Friday, February 16th. Four analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Prologis currently has a consensus rating of “Moderate Buy” and a consensus price target of $141.67.

Prologis Stock Up 0.1 %

Shares of NYSE PLD opened at $126.26 on Wednesday. The stock has a market cap of $116.80 billion, a P/E ratio of 38.38, a PEG ratio of 2.49 and a beta of 1.00. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.50. Prologis, Inc. has a 12-month low of $96.64 and a 12-month high of $137.52. The business’s fifty day simple moving average is $130.51 and its 200-day simple moving average is $122.09.

Prologis (NYSE:PLD) last announced its quarterly earnings data on Wednesday, January 17th. The real estate investment trust reported $0.68 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.26 by ($0.58). The company had revenue of $1.89 billion during the quarter, compared to analyst estimates of $1.85 billion. Prologis had a net margin of 38.13% and a return on equity of 5.29%. The firm’s revenue was up 7.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.24 earnings per share. As a group, equities analysts predict that Prologis, Inc. will post 5.5 EPS for the current fiscal year.

Prologis Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Monday, March 18th were paid a $0.96 dividend. This is a boost from Prologis’s previous quarterly dividend of $0.87. This represents a $3.84 annualized dividend and a dividend yield of 3.04%. The ex-dividend date was Friday, March 15th. Prologis’s dividend payout ratio (DPR) is presently 116.72%.

Prologis Company Profile

Prologis, Inc is the global leader in logistics real estate with a focus on high-barrier, high-growth markets. At December 31, 2023, 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.