RMR Wealth Builders Acquires 487 Shares of Prologis, Inc. (NYSE:PLD)

RMR Wealth Builders increased its holdings in shares of Prologis, Inc. (NYSE:PLD) by 22.7% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,633 shares of the real estate investment trust’s stock after purchasing an additional 487 shares during the quarter. RMR Wealth Builders’ holdings in Prologis were worth $278,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the stock. Sunflower Bank N.A. bought a new stake in shares of Prologis during the third quarter worth $249,000. Coronation Fund Managers Ltd. bought a new position in Prologis during the 2nd quarter worth about $878,000. DekaBank Deutsche Girozentrale increased its holdings in Prologis by 2.5% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 1,199,812 shares of the real estate investment trust’s stock worth $149,116,000 after purchasing an additional 29,400 shares in the last quarter. Cardano Risk Management B.V. acquired a new stake in shares of Prologis in the 3rd quarter valued at about $109,579,000. Finally, Worldquant Millennium Advisors LLC bought a new stake in shares of Prologis in the third quarter valued at about $1,051,000. 93.50% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Mizuho decreased their price objective on Prologis from $119.00 to $117.00 and set a “neutral” rating for the company in a report on Wednesday. Baird R W raised shares of Prologis from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 6th. Evercore ISI boosted their price objective on shares of Prologis from $124.00 to $128.00 and gave the stock an “in-line” rating in a research report on Monday, September 16th. Robert W. Baird raised shares of Prologis from a “neutral” rating to an “outperform” rating and decreased their target price for the company from $124.00 to $123.00 in a research report on Monday, January 6th. Finally, Truist Financial cut their price target on shares of Prologis from $137.00 to $132.00 and set a “buy” rating on the stock in a research report on Thursday, December 5th. One analyst has rated the stock with a sell rating, six have given a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $129.06.

Prologis Stock Down 1.8 %

PLD opened at $103.65 on Friday. The stock’s fifty day simple moving average is $110.94 and its 200 day simple moving average is $118.39. Prologis, Inc. has a 1-year low of $100.82 and a 1-year high of $135.76. The stock has a market cap of $96.00 billion, a PE ratio of 31.31, a price-to-earnings-growth ratio of 3.27 and a beta of 1.09. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.56.

Prologis (NYSE:PLD) last posted its earnings results on Wednesday, October 16th. The real estate investment trust reported $1.08 earnings per share (EPS) 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 company had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.91 billion. During the same quarter in the prior year, the business posted $1.30 EPS. The business’s quarterly revenue was up 6.9% compared to the same quarter last year. As a group, research analysts expect that Prologis, Inc. will post 5.45 earnings per share for the current year.

Prologis Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th were given a $0.96 dividend. This represents a $3.84 annualized dividend and a dividend yield of 3.70%. The ex-dividend date was Monday, December 16th. Prologis’s payout ratio 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.