White Knight Strategic Wealth Advisors LLC Acquires 1,233 Shares of Prologis, Inc. (NYSE:PLD)

White Knight Strategic Wealth Advisors LLC raised its holdings in shares of Prologis, Inc. (NYSE:PLD) by 34.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,770 shares of the real estate investment trust’s stock after purchasing an additional 1,233 shares during the quarter. White Knight Strategic Wealth Advisors LLC’s holdings in Prologis were worth $504,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Aviva PLC lifted its position in shares of Prologis by 36.6% during the fourth quarter. Aviva PLC now owns 695,187 shares of the real estate investment trust’s stock worth $73,481,000 after purchasing an additional 186,187 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Prologis by 29.8% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 784,360 shares of the real estate investment trust’s stock worth $82,907,000 after purchasing an additional 179,880 shares during the last quarter. Allstate Corp lifted its position in shares of Prologis by 111.7% during the fourth quarter. Allstate Corp now owns 74,518 shares of the real estate investment trust’s stock worth $7,877,000 after purchasing an additional 39,321 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its position in shares of Prologis by 2.1% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 16,596,799 shares of the real estate investment trust’s stock worth $1,754,282,000 after purchasing an additional 334,907 shares during the last quarter. Finally, Banco Santander S.A. lifted its position in shares of Prologis by 88.0% during the fourth quarter. Banco Santander S.A. now owns 4,683 shares of the real estate investment trust’s stock worth $495,000 after purchasing an additional 2,192 shares during the last quarter. 93.50% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently weighed in on PLD. BNP Paribas upgraded Prologis to a “strong-buy” rating in a research report on Wednesday, January 22nd. BMO Capital Markets decreased their price objective on Prologis from $105.00 to $95.00 and set an “outperform” rating for the company in a report on Monday, April 14th. Royal Bank of Canada decreased their price objective on Prologis from $128.00 to $117.00 and set a “sector perform” rating for the company in a report on Tuesday, April 29th. Wells Fargo & Company decreased their price objective on Prologis from $146.00 to $119.00 and set an “overweight” rating for the company in a report on Monday. Finally, CJS Securities decreased their price objective on Prologis from $140.00 to $117.00 in a report on Friday, April 11th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $120.42.

Prologis Price Performance

PLD opened at $108.73 on Wednesday. The business’s 50-day moving average is $104.76 and its two-hundred day moving average is $111.04. Prologis, Inc. has a 1 year low of $85.35 and a 1 year high of $132.57. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.75 and a quick ratio of 0.43. The firm has a market capitalization of $100.89 billion, a PE ratio of 27.18, a price-to-earnings-growth ratio of 2.70 and a beta of 1.25.

Prologis (NYSE:PLD) last issued its quarterly earnings results on Wednesday, April 16th. The real estate investment trust reported $1.42 earnings per share for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $1.99 billion. Research analysts anticipate that Prologis, Inc. will post 5.73 earnings per share for the current fiscal year.

Prologis Announces Dividend

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

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.