Dynamic Advisor Solutions LLC Buys 167 Shares of Prologis, Inc. (NYSE:PLD)

Dynamic Advisor Solutions LLC lifted its stake in shares of Prologis, Inc. (NYSE:PLD) by 3.1% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 5,506 shares of the real estate investment trust’s stock after acquiring an additional 167 shares during the quarter. Dynamic Advisor Solutions LLC’s holdings in Prologis were worth $615,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in PLD. Murphy & Mullick Capital Management Corp bought a new stake in Prologis during the fourth quarter valued at about $26,000. Crowley Wealth Management Inc. purchased a new position in shares of Prologis in the fourth quarter worth $27,000. Centricity Wealth Management LLC bought a new position in shares of Prologis during the fourth quarter worth $30,000. REAP Financial Group LLC boosted its position in shares of Prologis by 40.0% during 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 last quarter. Finally, Promus Capital LLC purchased a new position in Prologis during the fourth quarter valued at $34,000. 93.50% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have commented on PLD shares. Truist Financial dropped their price objective on shares of Prologis from $123.00 to $120.00 and set a “buy” rating for the company in a report on Monday, May 5th. Evercore ISI dropped their price target on Prologis from $111.00 to $106.00 and set an “in-line” rating for the company in a research note on Thursday, April 17th. CJS Securities reduced their price objective on Prologis from $140.00 to $117.00 in a research note on Friday, April 11th. Wolfe Research downgraded Prologis from an “outperform” rating to a “peer perform” rating in a research report on Monday, April 21st. Finally, Wall Street Zen lowered shares of Prologis from a “hold” rating to a “sell” rating in a report on Saturday, June 14th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating, ten have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, Prologis has an average rating of “Moderate Buy” and a consensus price target of $120.42.

Prologis Price Performance

Shares of PLD stock opened at $105.05 on Thursday. The stock has a 50 day moving average price of $105.22 and a 200 day moving average price of $109.92. Prologis, Inc. has a 52-week low of $85.35 and a 52-week high of $132.57. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.41 and a current ratio of 0.41. The firm has a market capitalization of $97.48 billion, a P/E ratio of 26.26, a P/E/G ratio of 2.67 and a beta of 1.25.

Prologis (NYSE:PLD) last released its earnings results on Wednesday, April 16th. The real estate investment trust reported $1.42 earnings per share for the quarter, topping the consensus estimate of $1.38 by $0.04. The business had revenue of $1.99 billion during 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%. As a group, sell-side analysts predict that Prologis, Inc. will post 5.73 earnings per share for the current 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 dividend of $1.01 per share. This represents a $4.04 annualized dividend and a dividend yield of 3.85%. The ex-dividend date of this dividend is Tuesday, June 17th. 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.