Prologis, Inc. (NYSE:PLD) Stake Increased by Yoder Wealth Management Inc.

Yoder Wealth Management Inc. increased its stake in Prologis, Inc. (NYSE:PLD) by 4.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,500 shares of the real estate investment trust’s stock after buying an additional 97 shares during the period. Yoder Wealth Management Inc.’s holdings in Prologis were worth $316,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Semmax Financial Advisors Inc. bought a new stake in Prologis during the second quarter valued at $27,000. American Capital Advisory LLC acquired a new stake in shares of Prologis during the second quarter worth $26,000. Central Valley Advisors LLC acquired a new stake in shares of Prologis during the second quarter worth $29,000. Sunbelt Securities Inc. raised its holdings in shares of Prologis by 640.0% during the second quarter. Sunbelt Securities Inc. now owns 259 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 224 shares during the period. Finally, Wetzel Investment Advisors Inc. acquired a new stake in shares of Prologis during the second quarter worth $31,000. Institutional investors own 93.50% of the company’s stock.

Insider Activity

In other news, CIO Joseph Ghazal sold 5,200 shares of the firm’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $129.07, for a total transaction of $671,164.00. Following the completion of the transaction, the executive now owns 13,187 shares in the company, valued at approximately $1,702,046.09. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 0.50% of the company’s stock.

Prologis Price Performance

PLD traded up $0.13 on Thursday, reaching $120.96. The company had a trading volume of 977,390 shares, compared to its average volume of 3,632,161. The company has a fifty day moving average of $125.26 and a 200-day moving average of $117.54. The company has a market capitalization of $111.99 billion, a P/E ratio of 35.33, a PEG ratio of 3.05 and a beta of 1.07. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 0.52. Prologis, Inc. has a one year low of $96.64 and a one year high of $137.52.

Prologis (NYSE:PLD) last announced its earnings results on Wednesday, October 16th. The real estate investment trust reported $1.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.37 by ($0.29). The company had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.91 billion. Prologis had a net margin of 36.37% and a return on equity of 4.88%. The business’s quarterly revenue was up 6.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.30 EPS. As a group, equities research analysts anticipate that Prologis, Inc. will post 5.42 earnings per share for the current year.

Prologis Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 16th were given a dividend of $0.96 per share. The ex-dividend date of this dividend was Monday, September 16th. This represents a $3.84 annualized dividend and a dividend yield of 3.17%. Prologis’s dividend payout ratio (DPR) is 112.28%.

Analyst Ratings Changes

A number of brokerages have weighed in on PLD. BMO Capital Markets reissued a “market perform” rating and set a $115.00 target price on shares of Prologis in a report on Monday, July 15th. Evercore ISI increased their target price on shares of Prologis from $124.00 to $128.00 and gave the stock an “in-line” rating in a report on Monday, September 16th. Royal Bank of Canada cut shares of Prologis from an “outperform” rating to a “sector perform” rating and increased their target price for the stock from $124.00 to $127.00 in a report on Monday, August 5th. Scotiabank increased their price objective on shares of Prologis from $135.00 to $142.00 and gave the stock a “sector outperform” rating in a report on Monday, August 26th. Finally, StockNews.com raised shares of Prologis from a “sell” rating to a “hold” rating in a report on Thursday, July 18th. Eight equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $131.47.

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.