Prologis, Inc. (NYSE:PLD) Stock Holdings Increased by Greystone Financial Group LLC

Greystone Financial Group LLC increased its stake in shares of Prologis, Inc. (NYSE:PLD) by 6.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 80,991 shares of the real estate investment trust’s stock after purchasing an additional 5,152 shares during the quarter. Greystone Financial Group LLC’s holdings in Prologis were worth $9,054,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Brighton Jones LLC grew its holdings in shares of Prologis by 629.0% during the 4th quarter. Brighton Jones LLC now owns 17,475 shares of the real estate investment trust’s stock valued at $1,847,000 after acquiring an additional 15,078 shares in the last quarter. Stratos Wealth Partners LTD. boosted its position in Prologis by 3.9% during the fourth quarter. Stratos Wealth Partners LTD. now owns 15,940 shares of the real estate investment trust’s stock valued at $1,685,000 after purchasing an additional 605 shares during the last quarter. Golden State Wealth Management LLC purchased a new position in Prologis in the fourth quarter valued at about $100,000. Apollon Wealth Management LLC increased its position in Prologis by 2.1% in the 4th quarter. Apollon Wealth Management LLC now owns 18,152 shares of the real estate investment trust’s stock worth $1,919,000 after purchasing an additional 380 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB raised its stake in shares of Prologis by 34.4% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 14,341 shares of the real estate investment trust’s stock worth $1,516,000 after purchasing an additional 3,667 shares in the last quarter. 93.50% of the stock is owned by hedge funds and other institutional investors.

Prologis Price Performance

Shares of NYSE:PLD opened at $108.91 on Monday. The company has a market cap of $101.06 billion, a price-to-earnings ratio of 27.23, a PEG ratio of 2.70 and a beta of 1.25. The business has a 50 day moving average price of $103.68 and a 200 day moving average price of $110.36. The company has a quick ratio of 0.43, a current ratio of 0.75 and a debt-to-equity ratio of 0.53. Prologis, Inc. has a twelve month low of $85.35 and a twelve month high of $132.57.

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

Prologis Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Tuesday, June 17th will be paid a dividend of $1.01 per share. This represents a $4.04 annualized dividend and a yield of 3.71%. The ex-dividend date is Tuesday, June 17th. Prologis’s payout ratio is currently 101.00%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on PLD. Wells Fargo & Company lowered their price target on Prologis from $146.00 to $119.00 and set an “overweight” rating for the company in a research note on Monday, May 19th. Wolfe Research cut shares of Prologis from an “outperform” rating to a “peer perform” rating in a research note on Monday, April 21st. Evercore ISI dropped their price target on shares of Prologis from $111.00 to $106.00 and set an “in-line” rating on the stock in a research note on Thursday, April 17th. Barclays cut their price target on shares of Prologis from $132.00 to $119.00 and set an “overweight” rating on the stock in a report on Wednesday, April 30th. Finally, CJS Securities decreased their price objective on shares of Prologis from $140.00 to $117.00 in a report on Friday, April 11th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $120.42.

Prologis 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.