Insigneo Advisory Services LLC Increases Stake in Prologis, Inc. (NYSE:PLD)

Insigneo Advisory Services LLC increased its holdings in Prologis, Inc. (NYSE:PLD) by 135.4% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,524 shares of the real estate investment trust’s stock after acquiring an additional 2,602 shares during the quarter. Insigneo Advisory Services LLC’s holdings in Prologis were worth $506,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Murphy & Mullick Capital Management Corp purchased a new stake in shares of Prologis in the 4th quarter worth approximately $26,000. Crowley Wealth Management Inc. purchased a new stake in Prologis during the fourth quarter worth $27,000. Centricity Wealth Management LLC purchased a new stake in Prologis during the fourth quarter worth $30,000. REAP Financial Group LLC boosted its position in Prologis by 40.0% during the 4th quarter. REAP Financial Group LLC now owns 294 shares of the real estate investment trust’s stock valued at $31,000 after acquiring an additional 84 shares in the last quarter. Finally, Promus Capital LLC purchased a new position in shares of Prologis in the 4th quarter valued at $34,000. 93.50% of the stock is currently owned by institutional investors.

Prologis Price Performance

NYSE PLD opened at $105.05 on Thursday. The company has a market cap of $97.48 billion, a price-to-earnings ratio of 26.26, a PEG ratio of 2.67 and a beta of 1.25. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.41 and a quick ratio of 0.41. The stock’s fifty day moving average price is $105.22 and its 200 day moving average price is $109.92. Prologis, Inc. has a 1 year low of $85.35 and a 1 year high of $132.57.

Prologis (NYSE:PLD) last posted its quarterly earnings results 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 6.45% and a net margin of 44.59%. The business had revenue of $1.99 billion for the quarter, compared to the consensus estimate of $1.99 billion. As a group, equities research analysts forecast that Prologis, Inc. will post 5.73 earnings per share for the current year.

Prologis Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Tuesday, June 17th will be issued a $1.01 dividend. The ex-dividend date of this dividend is Tuesday, June 17th. This represents a $4.04 annualized dividend and a yield of 3.85%. Prologis’s dividend payout ratio (DPR) is presently 101.00%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on PLD. CJS Securities decreased their price objective on Prologis from $140.00 to $117.00 in a research note on Friday, April 11th. Mizuho decreased their price target on shares of Prologis from $117.00 to $105.00 and set a “neutral” rating for the company in a research report on Friday, April 11th. Robert W. Baird lowered their price target on shares of Prologis from $126.00 to $120.00 and set an “outperform” rating on the stock in a report on Wednesday, May 7th. Wall Street Zen lowered shares of Prologis from a “hold” rating to a “sell” rating in a research note on Saturday, June 14th. Finally, Scotiabank raised their target price on shares of Prologis from $97.00 to $100.00 and gave the company a “sector underperform” rating in a research note on Monday, May 12th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $120.42.

Prologis Company 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.