Prologis, Inc. (NYSE:PLD) Shares Purchased by Arkadios Wealth Advisors

Arkadios Wealth Advisors lifted its holdings in Prologis, Inc. (NYSE:PLD – Get Rating) by 16.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,303 shares of the real estate investment trust’s stock after purchasing an additional 1,145 shares during the quarter. Arkadios Wealth Advisors’ holdings in Prologis were worth $936,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in PLD. RB Capital Management LLC boosted its position in shares of Prologis by 14.7% in the 1st quarter. RB Capital Management LLC now owns 3,004 shares of the real estate investment trust’s stock worth $485,000 after purchasing an additional 385 shares in the last quarter. Blair William & Co. IL boosted its position in shares of Prologis by 5.3% in the 1st quarter. Blair William & Co. IL now owns 21,612 shares of the real estate investment trust’s stock worth $3,490,000 after purchasing an additional 1,092 shares in the last quarter. Sequoia Financial Advisors LLC boosted its position in shares of Prologis by 87.7% in the 1st quarter. Sequoia Financial Advisors LLC now owns 3,382 shares of the real estate investment trust’s stock worth $546,000 after purchasing an additional 1,580 shares in the last quarter. Baird Financial Group Inc. boosted its position in shares of Prologis by 41.8% in the 1st quarter. Baird Financial Group Inc. now owns 241,219 shares of the real estate investment trust’s stock worth $38,952,000 after purchasing an additional 71,112 shares in the last quarter. Finally, Zions Bancorporation N.A. boosted its position in shares of Prologis by 38.8% in the 1st quarter. Zions Bancorporation N.A. now owns 2,078 shares of the real estate investment trust’s stock worth $336,000 after purchasing an additional 581 shares in the last quarter. Institutional investors and hedge funds own 75.84% of the company’s stock.

Prologis Price Performance

Shares of Prologis stock opened at $116.03 on Friday. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.41. Prologis, Inc. has a twelve month low of $98.03 and a twelve month high of $174.54. The business has a 50-day moving average price of $124.51 and a 200 day moving average price of $116.61. The firm has a market cap of $107.15 billion, a PE ratio of 26.67, a P/E/G ratio of 3.07 and a beta of 0.99.

Prologis (NYSE:PLD – Get Rating) last announced its quarterly earnings results on Wednesday, January 18th. The real estate investment trust reported $1.24 earnings per share for the quarter, beating the consensus estimate of $1.21 by $0.03. Prologis had a return on equity of 7.71% and a net margin of 56.33%. The firm had revenue of $1.75 billion during the quarter, compared to analyst estimates of $1.46 billion. During the same quarter in the previous year, the business earned $1.12 EPS. Prologis’s revenue for the quarter was up 37.2% compared to the same quarter last year. Sell-side analysts predict that Prologis, Inc. will post 5.52 earnings per share for the current fiscal year.

Prologis Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 31st. Investors of record on Friday, March 17th will be paid a $0.87 dividend. This represents a $3.48 annualized dividend and a dividend yield of 3.00%. The ex-dividend date of this dividend is Thursday, March 16th. This is a positive change from Prologis’s previous quarterly dividend of $0.79. Prologis’s payout ratio is currently 80.00%.

Analyst Ratings Changes

A number of analysts have commented on the company. Wells Fargo & Company lifted their price target on Prologis to $141.00 in a research report on Wednesday, December 14th. JPMorgan Chase & Co. cut Prologis from an “overweight” rating to a “neutral” rating and lifted their price target for the stock from $124.00 to $130.00 in a research report on Friday, December 16th. BMO Capital Markets lifted their price target on Prologis from $140.00 to $145.00 and gave the stock an “outperform” rating in a research report on Monday, January 30th. Barclays lowered their price target on Prologis from $162.00 to $160.00 and set an “overweight” rating for the company in a research report on Tuesday, January 31st. Finally, Citigroup lifted their price target on Prologis to $140.00 in a research report on Wednesday, December 14th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $145.00.

Prologis Company Profile

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Prologis, Inc engages in providing logistics solutions and services. It operates through the Real Estate and Strategic Capital segments. The Real Estate segment includes rental operations and development. The Strategic Capital segment represents the management of co-investment ventures and other unconsolidated entities.