180 Wealth Advisors LLC Has $2.37 Million Stock Holdings in Prologis, Inc. (NYSE:PLD)

180 Wealth Advisors LLC increased its position in Prologis, Inc. (NYSE:PLD) by 7.0% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 22,426 shares of the real estate investment trust’s stock after acquiring an additional 1,469 shares during the quarter. 180 Wealth Advisors LLC’s holdings in Prologis were worth $2,370,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the business. Semmax Financial Advisors Inc. acquired a new position in shares of Prologis in the second quarter worth approximately $27,000. Dunhill Financial LLC raised its stake in 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 buying an additional 182 shares during the last quarter. Sunbelt Securities Inc. lifted its holdings in Prologis by 640.0% in the second quarter. Sunbelt Securities Inc. now owns 259 shares of the real estate investment trust’s stock valued at $29,000 after buying an additional 224 shares during the period. Hara Capital LLC bought a new stake in Prologis during the third quarter valued at $48,000. Finally, Coastline Trust Co acquired a new stake in Prologis during the 3rd quarter worth about $52,000. Institutional investors own 93.50% of the company’s stock.

Prologis Price Performance

PLD opened at $105.37 on Tuesday. Prologis, Inc. has a fifty-two week low of $100.82 and a fifty-two week high of $135.76. The firm has a 50-day moving average of $110.77 and a 200 day moving average of $118.46. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.43 and a current ratio of 0.43. The firm has a market cap of $97.59 billion, a P/E ratio of 31.83, a PEG ratio of 3.27 and a beta of 1.09.

Prologis (NYSE:PLD) last released 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). The firm had revenue of $1.90 billion during the quarter, compared to analysts’ expectations of $1.91 billion. Prologis had a return on equity of 5.34% and a net margin of 39.08%. The business’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same period in the prior year, the business earned $1.30 earnings per share. On average, research analysts expect that Prologis, Inc. will post 5.45 EPS for the current year.

Prologis Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders 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 dividend on an annualized basis and a yield of 3.64%. Prologis’s payout ratio is 116.01%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Truist Financial lowered their target price on Prologis from $137.00 to $132.00 and set a “buy” rating for the company in a report on Thursday, December 5th. BMO Capital Markets cut Prologis from a “market perform” rating to an “underperform” rating and reduced their price objective for the company from $120.00 to $104.00 in a research note on Friday, December 6th. Raymond James reaffirmed an “outperform” rating and set a $125.00 target price (down from $130.00) on shares of Prologis in a research report on Wednesday, December 11th. JPMorgan Chase & Co. reduced their price target on shares of Prologis from $138.00 to $131.00 and set an “overweight” rating for the company in a research report on Monday, October 21st. Finally, Robert W. Baird upgraded shares of Prologis from a “neutral” rating to an “outperform” rating and lowered their price objective for the stock from $124.00 to $123.00 in a report on Monday, January 6th. One analyst has rated the stock with a sell rating, six have issued a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $129.06.

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.