Quotient Wealth Partners LLC Buys 838 Shares of Prologis, Inc. (NYSE:PLD)

Quotient Wealth Partners LLC boosted its stake in Prologis, Inc. (NYSE:PLD) by 41.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,865 shares of the real estate investment trust’s stock after purchasing an additional 838 shares during the quarter. Quotient Wealth Partners LLC’s holdings in Prologis were worth $362,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Optimum Investment Advisors acquired a new position in Prologis during the 1st quarter worth approximately $26,000. American Capital Advisory LLC acquired a new position in shares of Prologis during the second quarter worth approximately $26,000. Semmax Financial Advisors Inc. bought a new position in shares of Prologis in the 2nd quarter worth $27,000. Central Valley Advisors LLC acquired a new stake in Prologis in the 2nd quarter valued at $29,000. Finally, Sunbelt Securities Inc. increased its stake in Prologis by 640.0% during the 2nd quarter. Sunbelt Securities Inc. now owns 259 shares of the real estate investment trust’s stock valued at $29,000 after purchasing an additional 224 shares in the last quarter. 93.50% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Scotiabank raised their price objective on shares of Prologis from $135.00 to $142.00 and gave the company a “sector outperform” rating in a research note on Monday, August 26th. The Goldman Sachs Group boosted their price objective on Prologis from $140.00 to $156.00 and gave the stock a “buy” rating in a report on Thursday, July 25th. Evercore ISI increased their price objective on Prologis from $124.00 to $128.00 and gave the stock an “in-line” rating in a research note on Monday, September 16th. Truist Financial upped their price target on Prologis from $125.00 to $137.00 and gave the stock a “buy” rating in a report on Monday, August 5th. Finally, Morgan Stanley raised their price objective on Prologis from $132.00 to $133.00 and gave the company an “overweight” rating in a research note on Wednesday, August 14th. Seven investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $132.71.

Prologis Stock Down 0.5 %

Shares of NYSE:PLD opened at $118.28 on Friday. The firm has a market capitalization of $109.51 billion, a PE ratio of 34.58, a price-to-earnings-growth ratio of 3.25 and a beta of 1.07. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.36 and a current ratio of 0.36. Prologis, Inc. has a 52-week low of $96.64 and a 52-week high of $137.52. The firm has a fifty day moving average of $125.49 and a 200 day moving average of $117.96.

Prologis (NYSE:PLD) last announced its quarterly earnings data on Wednesday, July 17th. The real estate investment trust reported $0.92 earnings per share for the quarter, missing analysts’ consensus estimates of $1.33 by ($0.41). The firm had revenue of $2.01 billion for the quarter, compared to analysts’ expectations of $1.86 billion. Prologis had a net margin of 36.37% and a return on equity of 4.88%. The business’s quarterly revenue was down 18.1% on a year-over-year basis. During the same period in the prior year, the business posted $1.83 earnings per share. As a group, research analysts anticipate that Prologis, Inc. will post 5.42 EPS for the current fiscal year.

Prologis Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 16th were given a $0.96 dividend. This represents a $3.84 dividend on an annualized basis and a yield of 3.25%. The ex-dividend date of this dividend was Monday, September 16th. Prologis’s payout ratio is presently 112.28%.

Insiders Place Their Bets

In other news, CIO Joseph Ghazal sold 5,200 shares of Prologis stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $129.07, for a total value of $671,164.00. Following the transaction, the executive now owns 13,187 shares in the company, valued at approximately $1,702,046.09. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.50% of the stock is currently owned by insiders.

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.