Strategic Wealth Partners Ltd. Has $8.68 Million Stock Position in Prologis, Inc. (NYSE:PLD)

Strategic Wealth Partners Ltd. increased its stake in Prologis, Inc. (NYSE:PLD) by 21.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 82,149 shares of the real estate investment trust’s stock after buying an additional 14,637 shares during the quarter. Strategic Wealth Partners Ltd.’s holdings in Prologis were worth $8,683,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Norges Bank acquired a new position in shares of Prologis during the 4th quarter worth about $951,263,000. Northern Trust Corp grew its holdings in Prologis by 54.6% during the fourth quarter. Northern Trust Corp now owns 13,855,339 shares of the real estate investment trust’s stock worth $1,464,509,000 after purchasing an additional 4,893,284 shares during the period. Capital Research Global Investors raised its stake in Prologis by 25.4% in the fourth quarter. Capital Research Global Investors now owns 12,345,523 shares of the real estate investment trust’s stock valued at $1,304,922,000 after buying an additional 2,500,761 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of Prologis in the fourth quarter valued at approximately $254,876,000. Finally, FMR LLC boosted its stake in shares of Prologis by 11.7% during the 4th quarter. FMR LLC now owns 17,878,397 shares of the real estate investment trust’s stock worth $1,889,747,000 after acquiring an additional 1,875,978 shares during the period. Institutional investors and hedge funds own 93.50% of the company’s stock.

Wall Street Analyst Weigh In

PLD has been the topic of several research reports. BNP Paribas upgraded shares of Prologis to a “strong-buy” rating in a report on Wednesday, January 22nd. Robert W. Baird reduced their price objective on Prologis from $126.00 to $120.00 and set an “outperform” rating for the company in a report on Wednesday, May 7th. BMO Capital Markets reduced their price target on Prologis from $105.00 to $95.00 and set an “outperform” rating for the company in a research note on Monday, April 14th. CJS Securities decreased their price objective on Prologis from $140.00 to $117.00 in a report on Friday, April 11th. Finally, Wolfe Research cut Prologis from an “outperform” rating to a “peer perform” rating in a research report on Monday, April 21st. One analyst has rated the stock with a sell rating, eight have given a hold rating, ten have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $121.84.

Prologis Price Performance

Shares of NYSE:PLD opened at $110.56 on Friday. Prologis, Inc. has a one year low of $85.35 and a one year high of $132.57. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.75 and a quick ratio of 0.43. The company has a market cap of $102.59 billion, a price-to-earnings ratio of 27.64, a PEG ratio of 2.70 and a beta of 1.25. The firm has a 50 day simple moving average of $104.90 and a 200 day simple moving average of $111.09.

Prologis (NYSE:PLD) last released its quarterly earnings data on Wednesday, April 16th. The real estate investment trust reported $1.42 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $1.99 billion. Research analysts predict that Prologis, Inc. will post 5.73 earnings per share for the current fiscal year.

Prologis Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders 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 dividend yield of 3.65%. The ex-dividend date is Tuesday, June 17th. Prologis’s payout ratio is currently 101.00%.

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.