Parr Mcknight Wealth Management Group LLC Acquires Shares of 9,391 Prologis, Inc. $PLD

Parr Mcknight Wealth Management Group LLC acquired a new stake in shares of Prologis, Inc. (NYSE:PLD) during the fourth quarter, Holdings Channel reports. The fund acquired 9,391 shares of the real estate investment trust’s stock, valued at approximately $1,199,000.

Several other large investors have also modified their holdings of the stock. High Note Wealth LLC lifted its position in shares of Prologis by 43.9% during the fourth quarter. High Note Wealth LLC now owns 249 shares of the real estate investment trust’s stock worth $32,000 after purchasing an additional 76 shares during the last quarter. Dakota Community Bank & Trust NA lifted its position in shares of Prologis by 3.4% during the fourth quarter. Dakota Community Bank & Trust NA now owns 2,398 shares of the real estate investment trust’s stock worth $306,000 after purchasing an additional 79 shares during the last quarter. Peddock Capital Advisors LLC lifted its holdings in Prologis by 3.1% during the 4th quarter. Peddock Capital Advisors LLC now owns 2,651 shares of the real estate investment trust’s stock worth $338,000 after buying an additional 80 shares during the last quarter. Foster Dykema Cabot & Partners LLC lifted its holdings in Prologis by 1.0% during the 3rd quarter. Foster Dykema Cabot & Partners LLC now owns 8,232 shares of the real estate investment trust’s stock worth $943,000 after buying an additional 83 shares during the last quarter. Finally, Cornerstone Advisory LLC lifted its holdings in Prologis by 2.4% during the 3rd quarter. Cornerstone Advisory LLC now owns 3,535 shares of the real estate investment trust’s stock worth $405,000 after buying an additional 84 shares during the last quarter. Institutional investors own 93.50% of the company’s stock.

Prologis Trading Up 0.2%

Shares of NYSE PLD opened at $143.80 on Monday. Prologis, Inc. has a 12-month low of $103.41 and a 12-month high of $147.93. The company has a market cap of $134.07 billion, a price-to-earnings ratio of 36.22, a price-to-earnings-growth ratio of 3.16 and a beta of 1.32. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.60. The stock’s 50 day simple moving average is $139.20 and its 200 day simple moving average is $134.17.

Prologis (NYSE:PLD) last announced its quarterly earnings results on Thursday, April 16th. The real estate investment trust reported $1.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.24. Prologis had a net margin of 41.54% and a return on equity of 6.47%. The company had revenue of $2.30 billion during the quarter, compared to the consensus estimate of $2.12 billion. During the same quarter in the previous year, the company posted $1.43 earnings per share. The company’s revenue for the quarter was up 6.9% compared to the same quarter last year. Prologis has set its FY 2026 guidance at 6.070-6.230 EPS. Equities research analysts expect that Prologis, Inc. will post 6.18 EPS for the current year.

Prologis Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 16th will be paid a dividend of $1.07 per share. This represents a $4.28 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend is Tuesday, June 16th. Prologis’s payout ratio is presently 107.81%.

Analysts Set New Price Targets

A number of research firms have commented on PLD. Wall Street Zen raised Prologis from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Mizuho raised their price objective on Prologis from $143.00 to $150.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 22nd. Royal Bank Of Canada raised their price objective on Prologis from $135.00 to $148.00 and gave the stock a “sector perform” rating in a research note on Tuesday, April 28th. JPMorgan Chase & Co. raised their price target on shares of Prologis from $141.00 to $157.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 21st. Finally, Jefferies Financial Group reduced their price target on shares of Prologis from $157.00 to $155.00 and set a “buy” rating on the stock in a research report on Tuesday, April 14th. Sixteen analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $150.52.

Prologis Company Profile

Prologis, Inc is a real estate investment trust (REIT) specializing in logistics and distribution facilities. The company focuses on acquiring, developing, and managing high-quality industrial real estate assets that support supply chain infrastructure for third-party logistics providers, e-commerce businesses, retailers and manufacturers. Its portfolio primarily consists of warehouse and distribution centers designed to optimize goods movement and storage near key transportation hubs.

With a global presence, Prologis serves customers across the Americas, Europe and Asia Pacific.