Prologis, Inc. (NYSE:PLD) Shares Acquired by CreativeOne Wealth LLC

CreativeOne Wealth LLC raised its stake in shares of Prologis, Inc. (NYSE:PLD) by 46.4% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 5,973 shares of the real estate investment trust’s stock after buying an additional 1,893 shares during the period. CreativeOne Wealth LLC’s holdings in Prologis were worth $754,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the stock. American Capital Advisory LLC bought a new stake in Prologis during the second quarter worth approximately $26,000. Semmax Financial Advisors Inc. acquired a new stake in shares of Prologis in the second quarter valued at $27,000. Central Valley Advisors LLC bought a new position in Prologis during the second quarter valued at about $29,000. Sunbelt Securities Inc. grew its holdings in Prologis by 640.0% during the second quarter. Sunbelt Securities Inc. now owns 259 shares of the real estate investment trust’s stock worth $29,000 after acquiring an additional 224 shares during the period. Finally, Wetzel Investment Advisors Inc. acquired a new position in Prologis during the second quarter worth about $31,000. Institutional investors and hedge funds own 93.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. Evercore ISI lifted their price objective on shares of Prologis from $124.00 to $128.00 and gave the stock an “in-line” rating in a research note on Monday, September 16th. Royal Bank of Canada cut Prologis from an “outperform” rating to a “sector perform” rating and upped their price target for the company from $124.00 to $127.00 in a report on Monday, August 5th. Scotiabank cut their price objective on Prologis from $142.00 to $136.00 and set a “sector outperform” rating for the company in a research report on Friday, October 25th. Barclays lifted their target price on Prologis from $131.00 to $132.00 and gave the stock an “overweight” rating in a report on Monday, November 18th. Finally, Wells Fargo & Company upped their target price on Prologis from $142.00 to $146.00 and gave the company an “overweight” rating in a report on Wednesday, August 28th. Eight investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Prologis has a consensus rating of “Moderate Buy” and a consensus price target of $131.25.

Prologis Trading Down 0.9 %

NYSE PLD opened at $116.78 on Friday. The company has a market capitalization of $108.16 billion, a PE ratio of 35.28, a price-to-earnings-growth ratio of 3.44 and a beta of 1.08. Prologis, Inc. has a 1-year low of $101.11 and a 1-year high of $137.52. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.56. The firm’s fifty day simple moving average is $118.70 and its 200-day simple moving average is $118.74.

Prologis (NYSE:PLD) last posted its quarterly 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 firm had revenue of $1.90 billion for the quarter, compared to analysts’ expectations of $1.91 billion. Prologis had a return on equity of 5.34% and a net margin of 39.08%. The firm’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same period last year, the business earned $1.30 earnings per share. As a group, sell-side analysts anticipate that Prologis, Inc. will post 5.45 earnings per share for the current fiscal year.

Prologis Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 16th were paid a dividend of $0.96 per share. The ex-dividend date was Monday, September 16th. This represents a $3.84 annualized dividend and a dividend yield of 3.29%. Prologis’s dividend payout ratio (DPR) is 116.01%.

Prologis 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.