Graybill Wealth Management LTD. Raises Stake in Prologis, Inc. (NYSE:PLD)

Graybill Wealth Management LTD. boosted its position in shares of Prologis, Inc. (NYSE:PLD) by 0.8% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 31,780 shares of the real estate investment trust’s stock after purchasing an additional 259 shares during the quarter. Graybill Wealth Management LTD.’s holdings in Prologis were worth $4,013,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. &PARTNERS bought a new position in Prologis in the first quarter worth about $311,000. International Assets Investment Management LLC boosted its holdings in Prologis by 8.8% in the first quarter. International Assets Investment Management LLC now owns 1,846 shares of the real estate investment trust’s stock valued at $236,000 after purchasing an additional 149 shares during the last quarter. Austin Private Wealth LLC lifted its holdings in Prologis by 13.8% in the first quarter. Austin Private Wealth LLC now owns 2,288 shares of the real estate investment trust’s stock valued at $288,000 after acquiring an additional 277 shares during the period. Riverview Trust Co purchased a new stake in shares of Prologis during the 1st quarter worth about $42,000. Finally, Gilman Hill Asset Management LLC raised its stake in shares of Prologis by 24.2% during the 1st quarter. Gilman Hill Asset Management LLC now owns 5,430 shares of the real estate investment trust’s stock worth $707,000 after buying an additional 1,057 shares during the period. 93.50% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. Scotiabank boosted their price objective on Prologis from $135.00 to $142.00 and gave the stock a “sector outperform” rating in a research note on Monday, August 26th. The Goldman Sachs Group reiterated a “neutral” rating and set a $132.00 price target (down from $142.00) on shares of Prologis in a report on Monday. Morgan Stanley boosted their target price on Prologis from $132.00 to $133.00 and gave the company an “overweight” rating in a research report on Wednesday, August 14th. BMO Capital Markets reissued a “market perform” rating and issued a $115.00 price objective on shares of Prologis in a research note on Monday, July 15th. Finally, Evercore ISI increased their price target on Prologis from $124.00 to $128.00 and gave the company an “in-line” rating in a research report on Monday, September 16th. Eight analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $131.47.

Insider Buying and Selling at Prologis

In other news, CIO Joseph Ghazal sold 5,200 shares of the company’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $129.07, for a total transaction of $671,164.00. Following the completion of the sale, the executive now owns 13,187 shares in the company, valued at $1,702,046.09. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.50% of the company’s stock.

Prologis Stock Performance

Shares of Prologis stock traded up $0.71 during trading on Tuesday, reaching $118.48. The company’s stock had a trading volume of 372,138 shares, compared to its average volume of 3,628,001. The company has a 50-day moving average price of $125.39 and a two-hundred day moving average price of $117.56. Prologis, Inc. has a fifty-two week low of $96.64 and a fifty-two week high of $137.52. The firm has a market cap of $109.69 billion, a PE ratio of 34.44, a P/E/G ratio of 3.05 and a beta of 1.07. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 0.52.

Prologis (NYSE:PLD) last posted 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 net margin of 36.37% and a return on equity of 4.88%. The business 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 firm posted $1.30 earnings per share. The company’s revenue for the quarter was up 6.9% compared to the same quarter last year. On average, analysts forecast that Prologis, Inc. will post 5.42 EPS for the current year.

Prologis Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 16th were given a dividend of $0.96 per share. The ex-dividend date was Monday, September 16th. This represents a $3.84 dividend on an annualized basis and a yield of 3.24%. Prologis’s payout ratio is 112.28%.

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.