Premier Path Wealth Partners LLC Has $434,000 Stock Holdings in Prologis, Inc. (NYSE:PLD)

Premier Path Wealth Partners LLC trimmed its stake in shares of Prologis, Inc. (NYSE:PLD) by 23.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,107 shares of the real estate investment trust’s stock after selling 1,245 shares during the quarter. Premier Path Wealth Partners LLC’s holdings in Prologis were worth $434,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Semmax Financial Advisors Inc. bought a new stake in shares of Prologis during the 2nd quarter worth about $27,000. Sunbelt Securities Inc. lifted its position 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 last quarter. Dunhill Financial LLC boosted its holdings in shares of Prologis by 239.5% during the third quarter. Dunhill Financial LLC now owns 258 shares of the real estate investment trust’s stock worth $33,000 after acquiring an additional 182 shares during the period. Hara Capital LLC acquired a new position in shares of Prologis in the third quarter valued at approximately $48,000. Finally, Coastline Trust Co bought a new position in shares of Prologis during the third quarter worth approximately $52,000. 93.50% of the stock is currently owned by institutional investors and hedge funds.

Prologis Stock Performance

Prologis stock opened at $109.51 on Friday. 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 stock has a market cap of $101.43 billion, a PE ratio of 33.09, a P/E/G ratio of 2.85 and a beta of 1.09. Prologis, Inc. has a 12-month low of $100.82 and a 12-month high of $135.76. The business’s 50-day moving average price is $110.34 and its two-hundred day moving average price is $118.29.

Prologis (NYSE:PLD) last released its quarterly earnings data 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 company earned $1.30 earnings per share. Prologis’s revenue for the quarter was up 6.9% compared to the same quarter last year. As a group, analysts expect that Prologis, Inc. will post 5.45 earnings per share for the current fiscal year.

Prologis Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th were issued a dividend of $0.96 per share. The ex-dividend date was Monday, December 16th. This represents a $3.84 annualized dividend and a dividend yield of 3.51%. Prologis’s dividend payout ratio (DPR) is presently 116.01%.

Analyst Ratings Changes

A number of brokerages have commented on PLD. BTIG Research decreased their price objective on Prologis from $154.00 to $134.00 and set a “buy” rating on the stock in a report on Friday. The Goldman Sachs Group restated a “neutral” rating and issued a $132.00 price target (down from $142.00) on shares of Prologis in a research note on Monday, October 21st. Baird R W upgraded shares of Prologis from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 6th. Truist Financial decreased their target price on shares of Prologis from $132.00 to $121.00 and set a “buy” rating on the stock in a research report on Friday. Finally, Raymond James reiterated an “outperform” rating and issued a $125.00 price target (down from $130.00) on shares of Prologis in a research report on Wednesday, December 11th. One analyst has rated the stock with a sell rating, six have given a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $128.67.

About Prologis

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.