Master S Wealth Management Inc. Purchases Shares of 4,194 Prologis, Inc. (NYSE:PLD)

Master S Wealth Management Inc. purchased a new stake in shares of Prologis, Inc. (NYSE:PLD - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 4,194 shares of the real estate investment trust's stock, valued at approximately $443,000. Prologis comprises about 0.2% of Master S Wealth Management Inc.'s holdings, making the stock its 20th biggest position.

Other large investors have also made changes to their positions in the company. Phoenix Financial Ltd. grew its holdings in shares of Prologis by 1.0% during the fourth quarter. Phoenix Financial Ltd. now owns 9,032 shares of the real estate investment trust's stock valued at $955,000 after buying an additional 86 shares during the last quarter. Principle Wealth Partners LLC raised its stake in shares of Prologis by 2.9% in the fourth quarter. Principle Wealth Partners LLC now owns 3,302 shares of the real estate investment trust's stock worth $349,000 after purchasing an additional 92 shares during the last quarter. Black Diamond Financial LLC boosted its position in Prologis by 2.2% in the fourth quarter. Black Diamond Financial LLC now owns 4,246 shares of the real estate investment trust's stock valued at $449,000 after buying an additional 93 shares during the last quarter. Berkshire Bank boosted its holdings in shares of Prologis by 2.3% in the 4th quarter. Berkshire Bank now owns 4,195 shares of the real estate investment trust's stock valued at $443,000 after acquiring an additional 95 shares during the last quarter. Finally, CreativeOne Wealth LLC raised its holdings in shares of Prologis by 1.7% during the fourth quarter. CreativeOne Wealth LLC now owns 6,073 shares of the real estate investment trust's stock worth $642,000 after purchasing an additional 100 shares during the last quarter. 93.50% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Prologis

In related news, CIO Joseph Ghazal sold 10,997 shares of the firm's stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $118.74, for a total transaction of $1,305,783.78. Following the sale, the executive now owns 7,977 shares of the company's stock, valued at approximately $947,188.98. This trade represents a 57.96 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.57% of the stock is owned by corporate insiders.

Prologis Price Performance

NYSE:PLD traded down $4.38 during trading hours on Monday, reaching $97.72. The company had a trading volume of 1,019,273 shares, compared to its average volume of 4,790,078. Prologis, Inc. has a one year low of $85.35 and a one year high of $132.57. The firm has a market capitalization of $90.58 billion, a PE ratio of 24.43, a PEG ratio of 2.70 and a beta of 1.20. The stock has a 50-day moving average of $111.44 and a two-hundred day moving average of $113.13. The company has a quick ratio of 0.43, a current ratio of 0.75 and a debt-to-equity ratio of 0.53.

Prologis (NYSE:PLD - Get Free Report) last announced its earnings results on Wednesday, April 16th. The real estate investment trust reported $1.42 earnings per share for the quarter, beating analysts' consensus estimates of $1.38 by $0.04. The company had revenue of $1.99 billion during the quarter, compared to analyst estimates of $1.99 billion. Prologis had a return on equity of 6.44% and a net margin of 45.50%. Analysts forecast that Prologis, Inc. will post 5.73 earnings per share for the current year.

Prologis Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Tuesday, March 18th were given a dividend of $1.01 per share. This is a boost from Prologis's previous quarterly dividend of $0.96. The ex-dividend date was Tuesday, March 18th. This represents a $4.04 annualized dividend and a dividend yield of 4.13%. Prologis's payout ratio is presently 101.00%.

Wall Street Analyst Weigh In

PLD has been the topic of several recent analyst reports. Robert W. Baird increased their price objective on shares of Prologis from $123.00 to $124.00 and gave the company an "outperform" rating in a report on Thursday, January 30th. BMO Capital Markets dropped their price objective on shares of Prologis from $105.00 to $95.00 and set an "outperform" rating for the company in a report on Monday, April 14th. Mizuho decreased their target price on shares of Prologis from $117.00 to $105.00 and set a "neutral" rating on the stock in a research report on Friday, April 11th. Raymond James reaffirmed a "market perform" rating on shares of Prologis in a research note on Monday, February 3rd. Finally, Royal Bank of Canada upped their price target on Prologis from $125.00 to $128.00 and gave the stock a "sector perform" rating in a report on Monday, January 27th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $123.32.

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.