4,318 Shares in Prologis, Inc. (NYSE:PLD) Acquired by Elmwood Wealth Management Inc.

Elmwood Wealth Management Inc. bought a new stake in shares of Prologis, Inc. (NYSE:PLD) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 4,318 shares of the real estate investment trust’s stock, valued at approximately $456,000.

Other institutional investors have also recently made changes to their positions in the company. Semmax Financial Advisors Inc. bought a new position in shares of Prologis in the second quarter worth approximately $27,000. Sunbelt Securities Inc. increased its holdings in shares of Prologis by 640.0% in the 2nd quarter. Sunbelt Securities Inc. now owns 259 shares of the real estate investment trust’s stock worth $29,000 after buying an additional 224 shares during the last quarter. Dunhill Financial LLC raised its position in shares of Prologis by 239.5% during the 3rd quarter. Dunhill Financial LLC now owns 258 shares of the real estate investment trust’s stock valued at $33,000 after buying an additional 182 shares in the last quarter. Hara Capital LLC bought a new stake in shares of Prologis during the 3rd quarter worth $48,000. Finally, Coastline Trust Co purchased a new position in Prologis in the third quarter worth $52,000. Hedge funds and other institutional investors own 93.50% of the company’s stock.

Wall Street Analysts Forecast Growth

PLD has been the subject of several recent research reports. Truist Financial lowered their price objective on Prologis from $137.00 to $132.00 and set a “buy” rating for the company in a research report on Thursday, December 5th. Scotiabank cut their price target on shares of Prologis from $136.00 to $134.00 and set a “sector outperform” rating on the stock in a report on Wednesday, December 4th. 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. Evercore ISI raised their target price on Prologis from $124.00 to $128.00 and gave the stock an “in-line” rating in a research note on Monday, September 16th. Finally, JPMorgan Chase & Co. lowered their price target on Prologis from $138.00 to $131.00 and set an “overweight” rating for the company in a research report on Monday, October 21st. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $129.06.

Prologis Stock Up 1.3 %

Shares of NYSE:PLD traded up $1.30 during midday trading on Monday, reaching $104.89. The company’s stock had a trading volume of 3,467,755 shares, compared to its average volume of 4,041,769. Prologis, Inc. has a 12-month low of $100.82 and a 12-month high of $135.76. The firm has a market capitalization of $97.15 billion, a P/E ratio of 31.69, a PEG ratio of 3.27 and a beta of 1.09. The firm has a 50 day moving average of $110.94 and a 200-day moving average of $118.50. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.56.

Prologis (NYSE:PLD) last announced 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). Prologis had a net margin of 39.08% and a return on equity of 5.34%. The business had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.91 billion. During the same period in the prior year, the business posted $1.30 EPS. Prologis’s revenue for the quarter was up 6.9% on a year-over-year basis. On average, research analysts anticipate that Prologis, Inc. will post 5.45 earnings per share for the current year.

Prologis Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th were issued a $0.96 dividend. This represents a $3.84 annualized dividend and a yield of 3.66%. The ex-dividend date was Monday, December 16th. Prologis’s dividend payout ratio (DPR) 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.