StrongBox Wealth LLC Has $1.93 Million Stock Holdings in Prologis, Inc. (NYSE:PLD)

StrongBox Wealth LLC lessened its position in Prologis, Inc. (NYSE:PLD) by 19.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 18,235 shares of the real estate investment trust’s stock after selling 4,435 shares during the period. StrongBox Wealth LLC’s holdings in Prologis were worth $1,927,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in PLD. Coronation Fund Managers Ltd. bought a new position in shares of Prologis in the second quarter valued at about $878,000. Brown Brothers Harriman & Co. raised its holdings in shares of Prologis by 362.9% in the second quarter. Brown Brothers Harriman & Co. now owns 3,930 shares of the real estate investment trust’s stock valued at $441,000 after buying an additional 3,081 shares during the last quarter. Edgestream Partners L.P. bought a new position in shares of Prologis in the second quarter valued at about $241,000. Perennial Investment Advisors LLC raised its holdings in shares of Prologis by 21.4% in the second quarter. Perennial Investment Advisors LLC now owns 2,250 shares of the real estate investment trust’s stock valued at $253,000 after buying an additional 396 shares during the last quarter. Finally, Wealth Alliance raised its holdings in shares of Prologis by 4.8% in the second quarter. Wealth Alliance now owns 11,888 shares of the real estate investment trust’s stock valued at $1,335,000 after buying an additional 541 shares during the last quarter. 93.50% of the stock is owned by institutional investors.

Prologis Trading Down 0.1 %

NYSE:PLD opened at $107.97 on Thursday. Prologis, Inc. has a twelve month low of $100.82 and a twelve month high of $135.76. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.56. The business has a 50 day moving average price of $110.65 and a two-hundred day moving average price of $118.43. The company has a market cap of $100.00 billion, a P/E ratio of 32.62, a price-to-earnings-growth ratio of 3.27 and a beta of 1.09.

Prologis (NYSE:PLD) last released 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). Prologis had a return on equity of 5.34% and a net margin of 39.08%. The firm had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.91 billion. During the same period last year, the company earned $1.30 EPS. The company’s revenue was up 6.9% compared to the same quarter last year. As a group, analysts expect that Prologis, Inc. will post 5.45 EPS for the current fiscal year.

Prologis Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th were given 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 dividend payout ratio (DPR) is currently 116.01%.

Analysts Set New Price Targets

Several analysts have weighed in on PLD shares. The Goldman Sachs Group reissued a “neutral” rating and set a $132.00 price objective (down from $142.00) on shares of Prologis in a report on Monday, October 21st. Baird R W raised Prologis from a “hold” rating to a “strong-buy” rating in a report on Monday, January 6th. JPMorgan Chase & Co. dropped their price objective on Prologis from $138.00 to $131.00 and set an “overweight” rating for the company in a report on Monday, October 21st. Scotiabank dropped their price objective on Prologis from $136.00 to $134.00 and set a “sector outperform” rating for the company in a report on Wednesday, December 4th. Finally, Barclays boosted their price objective on Prologis from $131.00 to $132.00 and gave the stock an “overweight” rating in a report on Monday, November 18th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $129.06.

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.