World Investment Advisors LLC Buys Shares of 7,831 Prologis, Inc. (NYSE:PLD)

World Investment Advisors LLC purchased a new position in Prologis, Inc. (NYSE:PLD) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm purchased 7,831 shares of the real estate investment trust’s stock, valued at approximately $989,000.

Other institutional investors also recently modified their holdings of the company. ASB Consultores LLC lifted its stake in Prologis by 3.7% in the third quarter. ASB Consultores LLC now owns 2,423 shares of the real estate investment trust’s stock valued at $306,000 after buying an additional 86 shares in the last quarter. Arbor Capital Management Inc. ADV increased its stake in shares of Prologis by 0.8% during the 2nd quarter. Arbor Capital Management Inc. ADV now owns 11,602 shares of the real estate investment trust’s stock worth $1,299,000 after purchasing an additional 87 shares during the last quarter. CX Institutional grew its holdings in Prologis by 2.7% during the third quarter. CX Institutional now owns 3,347 shares of the real estate investment trust’s stock worth $423,000 after purchasing an additional 88 shares during the period. Mitchell Sinkler & Starr PA lifted its position in shares of Prologis by 5.1% in the second quarter. Mitchell Sinkler & Starr PA now owns 1,860 shares of the real estate investment trust’s stock valued at $228,000 after buying an additional 90 shares during the last quarter. Finally, Destination Wealth Management boosted its stake in shares of Prologis by 4.7% during the 2nd quarter. Destination Wealth Management now owns 2,033 shares of the real estate investment trust’s stock worth $228,000 after acquiring an additional 92 shares during the period. 93.50% of the stock is currently owned by institutional investors and hedge funds.

Prologis Stock Down 0.5 %

PLD stock opened at $111.13 on Monday. The firm has a 50-day moving average price of $116.44 and a 200-day moving average price of $119.20. The stock has a market capitalization of $102.93 billion, a P/E ratio of 33.57, a price-to-earnings-growth ratio of 3.27 and a beta of 1.07. Prologis, Inc. has a 12 month low of $101.11 and a 12 month high of $137.52. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.56.

Prologis (NYSE:PLD) last released its quarterly earnings data 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 net margin of 39.08% and a return on equity of 5.34%. The firm had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.91 billion. During the same period last year, the business earned $1.30 EPS. The company’s revenue was up 6.9% compared to the same quarter last year. As a group, equities research analysts anticipate that Prologis, Inc. will post 5.45 EPS for the current fiscal year.

Prologis Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be given a $0.96 dividend. This represents a $3.84 annualized dividend and a yield of 3.46%. The ex-dividend date of this dividend is Monday, December 16th. Prologis’s dividend payout ratio (DPR) is currently 116.01%.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Truist Financial decreased their price objective on shares of Prologis from $137.00 to $132.00 and set a “buy” rating on the stock in a report on Thursday, December 5th. Barclays upped their target price on Prologis from $131.00 to $132.00 and gave the company an “overweight” rating in a research report on Monday, November 18th. The Goldman Sachs Group reissued a “neutral” rating and set a $132.00 price target (down from $142.00) on shares of Prologis in a report on Monday, October 21st. BMO Capital Markets cut shares of Prologis from a “market perform” rating to an “underperform” rating and reduced their target price for the company from $120.00 to $104.00 in a research report on Friday, December 6th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Prologis from $138.00 to $131.00 and set an “overweight” rating on the stock in a research note on Monday, October 21st. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $128.88.

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.