Glen Eagle Advisors LLC Has $770,000 Stock Position in Prologis, Inc. (NYSE:PLD)

Glen Eagle Advisors LLC decreased its position in Prologis, Inc. (NYSE:PLD) by 9.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 7,287 shares of the real estate investment trust’s stock after selling 754 shares during the period. Glen Eagle Advisors LLC’s holdings in Prologis were worth $770,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Murphy & Mullick Capital Management Corp acquired a new position in shares of Prologis during the 4th quarter worth about $26,000. Crowley Wealth Management Inc. acquired a new position in shares of Prologis during the 4th quarter worth about $27,000. Centricity Wealth Management LLC acquired a new position in shares of Prologis during the 4th quarter worth about $30,000. Promus Capital LLC acquired a new position in shares of Prologis during the 4th quarter worth about $34,000. Finally, Whipplewood Advisors LLC acquired a new position in shares of Prologis during the 4th quarter worth about $34,000. Institutional investors and hedge funds own 93.50% of the company’s stock.

Prologis Price Performance

Prologis stock opened at $108.73 on Wednesday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.43 and a current ratio of 0.75. Prologis, Inc. has a 52 week low of $85.35 and a 52 week high of $132.57. The stock has a market capitalization of $100.89 billion, a P/E ratio of 27.18, a price-to-earnings-growth ratio of 2.70 and a beta of 1.25. The stock has a fifty day moving average of $104.76 and a 200-day moving average of $111.04.

Prologis (NYSE:PLD) last announced its quarterly earnings data on Wednesday, April 16th. The real estate investment trust reported $1.42 earnings per share for the quarter, topping the consensus estimate of $1.38 by $0.04. Prologis had a return on equity of 6.44% and a net margin of 45.50%. The business had revenue of $1.99 billion during the quarter, compared to the consensus estimate of $1.99 billion. On average, sell-side analysts expect that Prologis, Inc. will post 5.73 earnings per share for the current fiscal year.

Prologis Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Tuesday, June 17th will be given a $1.01 dividend. The ex-dividend date of this dividend is Tuesday, June 17th. This represents a $4.04 dividend on an annualized basis and a yield of 3.72%. Prologis’s dividend payout ratio is currently 101.00%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Robert W. Baird reduced their price objective on shares of Prologis from $126.00 to $120.00 and set an “outperform” rating for the company in a research note on Wednesday, May 7th. Scotiabank upped their target price on shares of Prologis from $97.00 to $100.00 and gave the company a “sector underperform” rating in a report on Monday, May 12th. Raymond James reaffirmed a “market perform” rating on shares of Prologis in a report on Monday, February 3rd. Morgan Stanley dropped their target price on shares of Prologis to $120.00 and set an “outperform” rating on the stock in a report on Monday, April 14th. Finally, UBS Group upped their target price on shares of Prologis from $121.00 to $137.00 and gave the company a “buy” rating in a report on Tuesday, January 28th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $120.42.

Prologis Company 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.