Geneos Wealth Management Inc. Has $5.20 Million Stock Position in Prologis, Inc. $PLD

Geneos Wealth Management Inc. boosted its position in shares of Prologis, Inc. (NYSE:PLDFree Report) by 10.7% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 39,360 shares of the real estate investment trust’s stock after purchasing an additional 3,810 shares during the quarter. Geneos Wealth Management Inc.’s holdings in Prologis were worth $5,203,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. High Note Wealth LLC grew its position in shares of Prologis by 43.9% during the 4th quarter. High Note Wealth LLC now owns 249 shares of the real estate investment trust’s stock worth $32,000 after buying an additional 76 shares during the period. Hibernia Wealth Partners LLC lifted its holdings in Prologis by 2.5% in the first quarter. Hibernia Wealth Partners LLC now owns 3,070 shares of the real estate investment trust’s stock valued at $406,000 after buying an additional 76 shares during the period. Dakota Community Bank & Trust NA lifted its holdings in Prologis by 3.4% in the fourth quarter. Dakota Community Bank & Trust NA now owns 2,398 shares of the real estate investment trust’s stock valued at $306,000 after buying an additional 79 shares during the period. Dearborn Partners LLC boosted its stake in Prologis by 4.2% in the fourth quarter. Dearborn Partners LLC now owns 1,969 shares of the real estate investment trust’s stock valued at $251,000 after acquiring an additional 79 shares during the last quarter. Finally, Peddock Capital Advisors LLC boosted its stake in Prologis by 3.1% in the fourth quarter. Peddock Capital Advisors LLC now owns 2,651 shares of the real estate investment trust’s stock valued at $338,000 after acquiring an additional 80 shares during the last quarter. 93.50% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about Prologis

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Insider Buying and Selling

In related news, CFO Timothy D. Arndt sold 3,597 shares of the business’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $150.00, for a total value of $539,550.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.52% of the company’s stock.

Analysts Set New Price Targets

Several analysts have commented on the stock. Scotiabank cut shares of Prologis from a “sector outperform” rating to a “sector perform” rating and dropped their target price for the company from $154.00 to $146.00 in a research report on Thursday, June 18th. Royal Bank Of Canada lifted their price objective on Prologis from $135.00 to $148.00 and gave the stock a “sector perform” rating in a research note on Tuesday, April 28th. The Goldman Sachs Group reiterated a “neutral” rating and issued a $157.00 price objective on shares of Prologis in a report on Friday, April 17th. JPMorgan Chase & Co. increased their target price on Prologis from $141.00 to $157.00 and gave the company an “overweight” rating in a research note on Tuesday, April 21st. Finally, Bank of America raised their target price on Prologis from $153.00 to $162.00 and gave the stock a “buy” rating in a report on Monday, April 20th. Fifteen research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $152.81.

View Our Latest Analysis on PLD

Prologis Stock Up 4.6%

Shares of Prologis stock opened at $149.96 on Friday. Prologis, Inc. has a 1 year low of $103.41 and a 1 year high of $150.18. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.51 and a quick ratio of 0.51. The company has a market capitalization of $139.81 billion, a P/E ratio of 37.77 and a beta of 1.32. The business has a 50-day moving average of $143.02 and a two-hundred day moving average of $137.82.

Prologis (NYSE:PLDGet Free Report) last posted its earnings results on Thursday, April 16th. The real estate investment trust reported $1.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.81 by $0.24. The business had revenue of $2.30 billion during the quarter, compared to analysts’ expectations of $2.12 billion. Prologis had a return on equity of 6.47% and a net margin of 41.54%.Prologis’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same period in the prior year, the business earned $1.43 EPS. As a group, equities analysts predict that Prologis, Inc. will post 6.17 EPS for the current year.

Prologis Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 16th were issued a dividend of $1.07 per share. This represents a $4.28 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date was Tuesday, June 16th. Prologis’s dividend payout ratio (DPR) is presently 107.81%.

About Prologis

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Prologis (NYSE:PLD)

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