Signature Estate & Investment Advisors LLC Has $23.16 Million Stock Holdings in Prologis, Inc. (NYSE:PLD)

Signature Estate & Investment Advisors LLC lifted its stake in Prologis, Inc. (NYSE:PLD) by 5.0% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 183,424 shares of the real estate investment trust’s stock after acquiring an additional 8,766 shares during the quarter. Signature Estate & Investment Advisors LLC’s holdings in Prologis were worth $23,163,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of PLD. Quantbot Technologies LP acquired a new position in shares of Prologis in the first quarter valued at $352,000. Lord Abbett & CO. LLC raised its holdings in Prologis by 1.4% in the 1st quarter. Lord Abbett & CO. LLC now owns 200,161 shares of the real estate investment trust’s stock valued at $26,065,000 after acquiring an additional 2,696 shares during the period. Blair William & Co. IL lifted its position in Prologis by 16.0% during the first quarter. Blair William & Co. IL now owns 29,186 shares of the real estate investment trust’s stock worth $3,801,000 after acquiring an additional 4,020 shares during the last quarter. Brighton Jones LLC grew its position in shares of Prologis by 0.8% in the first quarter. Brighton Jones LLC now owns 14,337 shares of the real estate investment trust’s stock valued at $1,867,000 after purchasing an additional 118 shares during the last quarter. Finally, Dorsey & Whitney Trust CO LLC increased its stake in shares of Prologis by 2.3% during the first quarter. Dorsey & Whitney Trust CO LLC now owns 10,249 shares of the real estate investment trust’s stock worth $1,335,000 after purchasing an additional 232 shares during the period. Institutional investors own 93.50% of the company’s stock.

Prologis Trading Down 1.6 %

NYSE PLD opened at $114.75 on Friday. The business’s fifty day moving average is $121.87 and its 200-day moving average is $117.90. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.43 and a quick ratio of 0.43. The stock has a market capitalization of $106.28 billion, a price-to-earnings ratio of 34.67, a PEG ratio of 3.06 and a beta of 1.08. Prologis, Inc. has a one year low of $101.11 and a one year high of $137.52.

Prologis (NYSE:PLD) last posted its quarterly earnings results on Wednesday, October 16th. The real estate investment trust reported $1.08 earnings per share for the quarter, missing the consensus estimate 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 the consensus estimate of $1.91 billion. During the same quarter in the previous year, the company posted $1.30 EPS. The firm’s revenue was up 6.9% compared to the same quarter last year. Equities research analysts predict that Prologis, Inc. will post 5.45 EPS for the current year.

Prologis Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 16th were issued a dividend of $0.96 per share. This represents a $3.84 annualized dividend and a dividend yield of 3.35%. The ex-dividend date of this dividend was Monday, September 16th. Prologis’s payout ratio is 116.01%.

Insiders Place Their Bets

In related news, CIO Joseph Ghazal sold 5,200 shares of the stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $129.07, for a total transaction of $671,164.00. Following the completion of the sale, the executive now directly owns 13,187 shares in the company, valued at $1,702,046.09. This represents a 28.28 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.50% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on PLD shares. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $132.00 price objective (down from $142.00) on shares of Prologis in a report on Monday, October 21st. Argus lifted their price objective on shares of Prologis from $120.00 to $135.00 and gave the stock a “buy” rating in a research note on Tuesday, July 23rd. Morgan Stanley raised their target price on shares of Prologis from $132.00 to $133.00 and gave the stock an “overweight” rating in a report on Wednesday, August 14th. Wells Fargo & Company boosted their price target on Prologis from $142.00 to $146.00 and gave the company an “overweight” rating in a research note on Wednesday, August 28th. Finally, 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. Eight equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $131.12.

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.