Financial Management Professionals Inc. Has $457,000 Position in Prologis, Inc. (NYSE:PLD)

Financial Management Professionals Inc. boosted its stake in shares of Prologis, Inc. (NYSE:PLD) by 11.1% in the fourth quarter, HoldingsChannel reports. The firm owned 4,323 shares of the real estate investment trust’s stock after purchasing an additional 432 shares during the quarter. Financial Management Professionals Inc.’s holdings in Prologis were worth $457,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Prologis Price Performance

Prologis stock opened at $109.51 on Friday. Prologis, Inc. has a 52 week low of $100.82 and a 52 week high of $135.76. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.43 and a current ratio of 0.43. The stock has a fifty day moving average of $110.34 and a 200-day moving average of $118.29. The stock has a market capitalization of $101.43 billion, a P/E ratio of 33.09, a price-to-earnings-growth ratio of 2.85 and a beta of 1.09.

Prologis (NYSE:PLD) last issued its earnings results on Wednesday, October 16th. The real estate investment trust reported $1.08 earnings per share for the quarter, missing analysts’ consensus estimates of $1.37 by ($0.29). The company had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.91 billion. Prologis had a net margin of 39.08% and a return on equity of 5.34%. The business’s quarterly revenue was up 6.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.30 EPS. On average, sell-side analysts expect that Prologis, Inc. will post 5.45 earnings per share 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 given a dividend of $0.96 per share. 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 3.51%. Prologis’s dividend payout ratio is currently 116.01%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on PLD shares. Mizuho dropped their price target on Prologis from $119.00 to $117.00 and set a “neutral” rating for the company in a report on Wednesday, January 8th. BTIG Research dropped their target price on Prologis from $154.00 to $134.00 and set a “buy” rating for the company in a report on Friday. The Goldman Sachs Group restated a “neutral” rating and issued a $132.00 price target (down from $142.00) on shares of Prologis in a research note on Monday, October 21st. BMO Capital Markets cut shares of Prologis from a “market perform” rating to an “underperform” rating and dropped their price objective for the stock from $120.00 to $104.00 in a research note on Friday, December 6th. Finally, Truist Financial decreased their target price on shares of Prologis from $132.00 to $121.00 and set a “buy” rating on the stock in a research report on Friday. One analyst has rated the stock with a sell rating, six have given a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $128.67.

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.