Prestige Wealth Management Group LLC Sells 12,973 Shares of Prologis, Inc. $PLD

Prestige Wealth Management Group LLC lessened its stake in shares of Prologis, Inc. (NYSE:PLD) by 94.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 705 shares of the real estate investment trust’s stock after selling 12,973 shares during the quarter. Prestige Wealth Management Group LLC’s holdings in Prologis were worth $90,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its position in shares of Prologis by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 123,323,290 shares of the real estate investment trust’s stock worth $15,743,451,000 after purchasing an additional 1,258,407 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Prologis by 1.5% during the 4th quarter. Geode Capital Management LLC now owns 23,012,940 shares of the real estate investment trust’s stock worth $2,925,791,000 after purchasing an additional 339,906 shares in the last quarter. Norges Bank bought a new position in Prologis in the 4th quarter valued at about $1,589,125,000. Legal & General Group Plc lifted its position in Prologis by 6.1% in the 4th quarter. Legal & General Group Plc now owns 11,443,741 shares of the real estate investment trust’s stock valued at $1,460,908,000 after acquiring an additional 661,502 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its position in Prologis by 1.3% in the 4th quarter. Principal Financial Group Inc. now owns 10,946,760 shares of the real estate investment trust’s stock valued at $1,397,467,000 after acquiring an additional 135,912 shares in the last quarter. Institutional investors own 93.50% of the company’s stock.

Prologis Price Performance

Prologis stock opened at $144.69 on Friday. Prologis, Inc. has a 52 week low of $103.41 and a 52 week high of $147.93. The company’s 50 day moving average price is $140.40 and its two-hundred day moving average price is $134.72. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 0.60. The stock has a market cap of $134.90 billion, a P/E ratio of 36.45, a P/E/G ratio of 3.16 and a beta of 1.32.

Prologis (NYSE:PLD) last posted its earnings results on Thursday, April 16th. The real estate investment trust reported $1.05 EPS for the quarter, topping the consensus estimate of $0.81 by $0.24. Prologis had a net margin of 41.54% and a return on equity of 6.47%. The firm had revenue of $2.30 billion for the quarter, compared to analysts’ expectations of $2.12 billion. During the same quarter last year, the firm earned $1.43 EPS. The company’s quarterly revenue was up 6.9% compared to the same quarter last year. Prologis has set its FY 2026 guidance at 6.070-6.230 EPS. On average, equities analysts predict that Prologis, Inc. will post 6.18 earnings per share for the current year.

Prologis Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 16th will be given a dividend of $1.07 per share. The ex-dividend date of this dividend is Tuesday, June 16th. This represents a $4.28 annualized dividend and a dividend yield of 3.0%. Prologis’s dividend payout ratio (DPR) is currently 107.81%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Morgan Stanley raised their price target on shares of Prologis from $135.00 to $151.00 and gave the company an “equal weight” rating in a research report on Tuesday, May 26th. Weiss Ratings raised shares of Prologis from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, May 1st. Truist Financial raised their price target on shares of Prologis from $139.00 to $154.00 and gave the company a “buy” rating in a research report on Friday, April 24th. JPMorgan Chase & Co. raised their price target on shares of Prologis from $141.00 to $157.00 and gave the company an “overweight” rating in a research report on Tuesday, April 21st. Finally, Scotiabank raised their price target on shares of Prologis from $146.00 to $154.00 and gave the company an “outperform” rating in a research report on Tuesday, April 21st. Sixteen analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, Prologis presently has an average rating of “Moderate Buy” and a consensus target price of $151.86.

About Prologis

Prologis, Inc is a real estate investment trust (REIT) specializing in logistics and distribution facilities. The company focuses on acquiring, developing, and managing high-quality industrial real estate assets that support supply chain infrastructure for third-party logistics providers, e-commerce businesses, retailers and manufacturers. Its portfolio primarily consists of warehouse and distribution centers designed to optimize goods movement and storage near key transportation hubs.

With a global presence, Prologis serves customers across the Americas, Europe and Asia Pacific.