Silvia Mccoll Wealth Management LLC Has $484,000 Stake in Prologis, Inc. (NYSE:PLD)

Silvia Mccoll Wealth Management LLC reduced its stake in shares of Prologis, Inc. (NYSE:PLD) by 3.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,581 shares of the real estate investment trust’s stock after selling 162 shares during the quarter. Silvia Mccoll Wealth Management LLC’s holdings in Prologis were worth $484,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of PLD. Semmax Financial Advisors Inc. bought a new stake in Prologis during the second quarter worth $27,000. Sunbelt Securities Inc. lifted its position in shares of Prologis by 640.0% during the 2nd quarter. Sunbelt Securities Inc. now owns 259 shares of the real estate investment trust’s stock worth $29,000 after buying an additional 224 shares during the last quarter. Dunhill Financial LLC boosted its stake in Prologis by 239.5% in the third quarter. Dunhill Financial LLC now owns 258 shares of the real estate investment trust’s stock valued at $33,000 after buying an additional 182 shares in the last quarter. Hara Capital LLC acquired a new stake in shares of Prologis in the 3rd quarter valued at approximately $48,000. Finally, Coastline Trust Co bought a new stake in shares of Prologis during the 3rd quarter valued at approximately $52,000. Institutional investors own 93.50% of the company’s stock.

Prologis Stock Up 2.6 %

Shares of NYSE:PLD traded up $2.79 during midday trading on Wednesday, hitting $110.91. 563,160 shares of the company’s stock were exchanged, compared to its average volume of 3,940,841. The company has a market cap of $102.72 billion, a PE ratio of 33.51, a price-to-earnings-growth ratio of 3.27 and a beta of 1.09. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.43 and a quick ratio of 0.43. Prologis, Inc. has a 12 month low of $100.82 and a 12 month high of $135.76. The stock has a 50 day moving average price of $110.65 and a 200-day moving average price of $118.43.

Prologis (NYSE:PLD) last posted its earnings results on Wednesday, October 16th. The real estate investment trust reported $1.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.37 by ($0.29). Prologis had a return on equity of 5.34% and a net margin of 39.08%. The firm had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.91 billion. During the same quarter in the previous year, the company earned $1.30 EPS. The business’s revenue was up 6.9% compared to the same quarter last year. On average, sell-side analysts anticipate that Prologis, Inc. will post 5.45 EPS for the current fiscal year.

Prologis Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th were paid a $0.96 dividend. The ex-dividend date was Monday, December 16th. This represents a $3.84 dividend on an annualized basis and a dividend yield of 3.46%. Prologis’s payout ratio is presently 116.01%.

Analyst Upgrades and Downgrades

PLD has been the subject of a number of research reports. Mizuho dropped their price target on Prologis from $119.00 to $117.00 and set a “neutral” rating for the company in a research note on Wednesday, January 8th. Barclays increased 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. Raymond James restated an “outperform” rating and set a $125.00 price target (down from $130.00) on shares of Prologis in a report on Wednesday, December 11th. Scotiabank dropped their price objective on shares of Prologis from $136.00 to $134.00 and set a “sector outperform” rating for the company in a report on Wednesday, December 4th. Finally, BMO Capital Markets lowered shares of Prologis from a “market perform” rating to an “underperform” rating and reduced their target price for the stock from $120.00 to $104.00 in a report on Friday, December 6th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, 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.