Ibex Wealth Advisors boosted its holdings in shares of Prologis Inc (NYSE:PLD) by 0.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 44,893 shares of the real estate investment trust’s stock after buying an additional 136 shares during the quarter. Prologis makes up about 1.2% of Ibex Wealth Advisors’ investment portfolio, making the stock its 27th largest holding. Ibex Wealth Advisors’ holdings in Prologis were worth $4,002,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Sandy Spring Bank bought a new position in shares of Prologis in the third quarter worth approximately $33,000. Prestige Wealth Management Group LLC bought a new position in shares of Prologis in the second quarter worth approximately $39,000. HM Payson & Co. bought a new position in shares of Prologis in the second quarter worth approximately $43,000. Covington Capital Management boosted its position in shares of Prologis by 57.2% in the third quarter. Covington Capital Management now owns 503 shares of the real estate investment trust’s stock worth $43,000 after purchasing an additional 183 shares during the period. Finally, Marshall Wace LLP bought a new position in shares of Prologis in the first quarter worth approximately $57,000. Institutional investors own 95.05% of the company’s stock.

Prologis stock traded down $0.03 during mid-day trading on Friday, reaching $95.87. 193,432 shares of the company’s stock traded hands, compared to its average volume of 2,142,671. The company has a market cap of $59.35 billion, a price-to-earnings ratio of 38.81, a PEG ratio of 4.14 and a beta of 0.98. The stock has a 50 day moving average of $90.06 and a two-hundred day moving average of $86.45. The company has a quick ratio of 1.27, a current ratio of 0.53 and a debt-to-equity ratio of 0.46. Prologis Inc has a 12-month low of $64.33 and a 12-month high of $96.38.

Prologis (NYSE:PLD) last released its quarterly earnings results on Wednesday, January 22nd. The real estate investment trust reported $0.84 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.84. The company had revenue of $728.00 million for the quarter, compared to the consensus estimate of $727.32 million. Prologis had a net margin of 47.23% and a return on equity of 6.08%. Prologis’s revenue was up 6.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.80 earnings per share. As a group, sell-side analysts forecast that Prologis Inc will post 3.7 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Thursday, December 19th were paid a dividend of $0.53 per share. This represents a $2.12 dividend on an annualized basis and a yield of 2.21%. The ex-dividend date of this dividend was Wednesday, December 18th. Prologis’s payout ratio is 64.05%.

A number of equities analysts have weighed in on PLD shares. Robert W. Baird upped their price target on shares of Prologis from $85.00 to $86.00 and gave the stock a “neutral” rating in a research report on Thursday. ValuEngine downgraded shares of Prologis from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Deutsche Bank boosted their target price on shares of Prologis from $82.00 to $87.00 and gave the stock a “buy” rating in a report on Thursday, October 17th. BTIG Research boosted their target price on shares of Prologis from to and gave the stock a “buy” rating in a report on Monday, January 6th. Finally, Edward Jones downgraded shares of Prologis from a “buy” rating to a “hold” rating in a report on Thursday, December 19th. Three research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Prologis currently has a consensus rating of “Buy” and an average price target of $93.39.

Prologis Profile

Prologis, Inc is the global leader in logistics real estate with a focus on high-barrier, high-growth markets. As of December 31, 2018, 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 768 million square feet (71 million square meters) in 19 countries.

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Institutional Ownership by Quarter for Prologis (NYSE:PLD)

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