Stolper Co Has $1.62 Million Stake in Prologis, Inc. (NYSE:PLD)

Stolper Co raised its stake in Prologis, Inc. (NYSE:PLD) by 1.5% in the 4th quarter, HoldingsChannel.com reports. The firm owned 15,316 shares of the real estate investment trust’s stock after buying an additional 227 shares during the quarter. Stolper Co’s holdings in Prologis were worth $1,619,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. ASB Consultores LLC raised its position in Prologis by 3.7% during the third quarter. ASB Consultores LLC now owns 2,423 shares of the real estate investment trust’s stock valued at $306,000 after purchasing an additional 86 shares in the last quarter. CX Institutional increased its position in shares of Prologis by 2.7% during the 3rd quarter. CX Institutional now owns 3,347 shares of the real estate investment trust’s stock valued at $423,000 after purchasing an additional 88 shares during the last quarter. DT Investment Partners LLC raised its holdings in shares of Prologis by 9.8% during the 3rd quarter. DT Investment Partners LLC now owns 1,043 shares of the real estate investment trust’s stock valued at $132,000 after buying an additional 93 shares in the last quarter. Carmel Capital Partners LLC lifted its position in Prologis by 2.6% in the 3rd quarter. Carmel Capital Partners LLC now owns 3,749 shares of the real estate investment trust’s stock worth $473,000 after buying an additional 94 shares during the last quarter. Finally, Yoder Wealth Management Inc. boosted its stake in Prologis by 4.0% in the third quarter. Yoder Wealth Management Inc. now owns 2,500 shares of the real estate investment trust’s stock worth $316,000 after buying an additional 97 shares in the last quarter. 93.50% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. BMO Capital Markets cut shares of Prologis from a “market perform” rating to an “underperform” rating and cut their price objective for the company from $120.00 to $104.00 in a research note on Friday, December 6th. The Goldman Sachs Group restated a “neutral” rating and set a $132.00 price target (down from $142.00) on shares of Prologis in a research report on Monday, October 21st. Baird R W raised Prologis from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 6th. Robert W. Baird upgraded Prologis from a “neutral” rating to an “outperform” rating and dropped their target price for the company from $124.00 to $123.00 in a report on Monday, January 6th. Finally, Truist Financial decreased their price target on Prologis from $137.00 to $132.00 and set a “buy” rating on the stock in a research note on Thursday, December 5th. One research analyst has rated the stock with a sell rating, six have given a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Prologis presently has an average rating of “Moderate Buy” and an average price target of $129.06.

Prologis Stock Performance

Shares of PLD opened at $107.97 on Thursday. Prologis, Inc. has a one year low of $100.82 and a one year high of $135.76. The company has a 50-day simple moving average of $110.65 and a two-hundred day simple moving average of $118.43. 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 firm has a market capitalization of $100.00 billion, a PE ratio of 32.62, a price-to-earnings-growth ratio of 3.27 and a beta of 1.09.

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

Prologis Announces Dividend

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

Prologis Company 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.