Prologis, Inc. (NYSE:PLD) Stake Raised by Accurate Wealth Management LLC

Accurate Wealth Management LLC boosted its holdings in Prologis, Inc. (NYSE:PLD) by 17.0% during the 4th quarter, Holdings Channel.com reports. The fund owned 5,082 shares of the real estate investment trust’s stock after purchasing an additional 739 shares during the quarter. Accurate Wealth Management LLC’s holdings in Prologis were worth $527,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of PLD. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Prologis by 534.7% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 10,143,554 shares of the real estate investment trust’s stock worth $1,280,928,000 after acquiring an additional 8,545,336 shares in the last quarter. Janus Henderson Group PLC raised its position in Prologis by 145.0% in the third quarter. Janus Henderson Group PLC now owns 3,613,494 shares of the real estate investment trust’s stock worth $456,320,000 after acquiring an additional 2,138,693 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC bought a new stake in Prologis in the second quarter worth about $203,223,000. AMF Tjanstepension AB raised its holdings in Prologis by 267.9% during the 3rd quarter. AMF Tjanstepension AB now owns 1,875,612 shares of the real estate investment trust’s stock worth $236,879,000 after buying an additional 1,365,811 shares during the period. Finally, 1832 Asset Management L.P. lifted its stake in Prologis by 137.7% during the second quarter. 1832 Asset Management L.P. now owns 1,856,632 shares of the real estate investment trust’s stock valued at $208,518,000 after buying an additional 1,075,614 shares in the last quarter. 93.50% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

PLD has been the subject of a number of analyst reports. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $132.00 price objective (down from $142.00) on shares of Prologis in a research note on Monday, October 21st. Robert W. Baird raised shares of Prologis from a “neutral” rating to an “outperform” rating and reduced their price objective for the company from $124.00 to $123.00 in a research note on Monday, January 6th. Scotiabank reduced their price objective on shares of Prologis from $136.00 to $134.00 and set a “sector outperform” rating for the company in a research note on Wednesday, December 4th. Barclays upped their price objective on shares of Prologis from $131.00 to $132.00 and gave the company an “overweight” rating in a research note on Monday, November 18th. Finally, Mizuho reduced their price objective on shares of Prologis from $119.00 to $117.00 and set a “neutral” rating for the company in a research note on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $129.06.

Prologis Trading Down 0.1 %

NYSE:PLD opened at $107.97 on Thursday. The stock’s 50 day moving average price is $110.65 and its 200 day moving average price is $118.43. Prologis, Inc. has a 52 week low of $100.82 and a 52 week high of $135.76. The company has a market capitalization of $100.00 billion, a P/E ratio of 32.62, a P/E/G ratio of 3.27 and a beta of 1.09. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.43 and a current ratio of 0.43.

Prologis (NYSE:PLD) last released its quarterly earnings data on Wednesday, October 16th. The real estate investment trust reported $1.08 EPS for the quarter, missing analysts’ consensus estimates of $1.37 by ($0.29). Prologis had a return on equity of 5.34% and a net margin of 39.08%. The firm had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.91 billion. During the same quarter in the prior year, the company posted $1.30 EPS. The company’s quarterly revenue was up 6.9% on a year-over-year basis. On average, research analysts forecast that Prologis, Inc. will post 5.45 EPS for the current fiscal year.

Prologis Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 16th were issued a $0.96 dividend. The ex-dividend date was Monday, December 16th. This represents a $3.84 dividend on an annualized basis and a yield of 3.56%. Prologis’s dividend payout ratio is currently 116.01%.

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.