Prologis, Inc. (NYSE:PLD) Shares Acquired by TD Private Client Wealth LLC

TD Private Client Wealth LLC boosted its holdings in shares of Prologis, Inc. (NYSE:PLD - Free Report) by 30.5% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 68,611 shares of the real estate investment trust's stock after purchasing an additional 16,044 shares during the period. TD Private Client Wealth LLC's holdings in Prologis were worth $8,664,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in PLD. American Capital Advisory LLC acquired a new position in shares of Prologis in the 2nd quarter valued at $26,000. Semmax Financial Advisors Inc. acquired a new position in shares of Prologis in the second quarter worth about $27,000. Sunbelt Securities Inc. boosted its stake in shares of Prologis by 640.0% during the 2nd quarter. Sunbelt Securities Inc. now owns 259 shares of the real estate investment trust's stock worth $29,000 after acquiring an additional 224 shares in the last quarter. Wetzel Investment Advisors Inc. acquired a new stake in shares of Prologis during the 2nd quarter valued at about $31,000. Finally, Dunhill Financial LLC increased its stake in shares of Prologis by 239.5% in the 3rd quarter. Dunhill Financial LLC now owns 258 shares of the real estate investment trust's stock valued at $33,000 after purchasing an additional 182 shares in the last quarter. 93.50% of the stock is owned by hedge funds and other institutional investors.

Prologis Trading Down 1.1 %

Shares of NYSE PLD traded down $1.19 during midday trading on Wednesday, reaching $111.96. 2,804,150 shares of the stock were exchanged, compared to its average volume of 3,648,427. The stock has a market capitalization of $103.69 billion, a P/E ratio of 33.79, a PEG ratio of 3.27 and a beta of 1.07. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.43 and a current ratio of 0.43. The company has a 50 day simple moving average of $117.12 and a 200 day simple moving average of $119.06. Prologis, Inc. has a twelve month low of $101.11 and a twelve month high of $137.52.

Prologis (NYSE:PLD - Get Free Report) last announced its quarterly earnings results on Wednesday, October 16th. The real estate investment trust reported $1.08 EPS for the quarter, missing the consensus estimate of $1.37 by ($0.29). The business had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.91 billion. Prologis had a net margin of 39.08% and a return on equity of 5.34%. The business's revenue for the quarter was up 6.9% on a year-over-year basis. During the same period last year, the company earned $1.30 EPS. As a group, equities analysts expect that Prologis, Inc. will post 5.45 earnings per share for the current year.

Prologis Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be issued a $0.96 dividend. The ex-dividend date is Monday, December 16th. This represents a $3.84 annualized dividend and a dividend yield of 3.43%. Prologis's dividend payout ratio is currently 116.01%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on PLD. BMO Capital Markets lowered Prologis from a "market perform" rating to an "underperform" rating and decreased their target price for the company from $120.00 to $104.00 in a research report on Friday, December 6th. Wells Fargo & Company lifted their target price on shares of Prologis from $142.00 to $146.00 and gave the company an "overweight" rating in a research report on Wednesday, August 28th. Raymond James restated an "outperform" rating and set a $125.00 price target (down previously from $130.00) on shares of Prologis in a research report on Wednesday. Evercore ISI lifted their price objective on Prologis from $124.00 to $128.00 and gave the stock an "in-line" rating in a report on Monday, September 16th. Finally, Scotiabank reduced their target price on Prologis from $136.00 to $134.00 and set a "sector outperform" rating for the company in a report on Wednesday, December 4th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, Prologis currently has an average rating of "Hold" and an average price target of $128.88.

About Prologis

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.