Avior Wealth Management LLC Has $683,000 Stock Position in Prologis, Inc. (NYSE:PLD)

Avior Wealth Management LLC increased its stake in shares of Prologis, Inc. (NYSE:PLD) by 7.3% during the fourth quarter, HoldingsChannel reports. The fund owned 5,121 shares of the real estate investment trust’s stock after buying an additional 350 shares during the period. Avior Wealth Management LLC’s holdings in Prologis were worth $683,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Thompson Investment Management Inc. bought a new position in Prologis during the 4th quarter worth about $28,000. FinTrust Capital Advisors LLC boosted its position in shares of Prologis by 966.7% during the third quarter. FinTrust Capital Advisors LLC now owns 256 shares of the real estate investment trust’s stock worth $29,000 after buying an additional 232 shares during the period. Salem Investment Counselors Inc. acquired a new position in shares of Prologis during the fourth quarter worth about $37,000. Fairfield Bush & CO. bought a new position in shares of Prologis during the second quarter worth about $35,000. Finally, FNY Investment Advisers LLC acquired a new stake in Prologis in the 4th quarter valued at approximately $39,000. 93.50% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently commented on PLD. Evercore ISI reissued an “in-line” rating and issued a $136.00 price objective on shares of Prologis in a research report on Monday, March 18th. Robert W. Baird lifted their target price on Prologis from $133.00 to $137.00 and gave the company a “neutral” rating in a research report on Tuesday, January 23rd. Mizuho reissued a “neutral” rating and set a $130.00 price target on shares of Prologis in a research report on Tuesday, April 2nd. TheStreet upgraded shares of Prologis from a “c+” rating to a “b-” rating in a report on Friday, January 26th. Finally, Morgan Stanley upped their price target on shares of Prologis from $128.00 to $141.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 24th. Four equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Prologis presently has a consensus rating of “Moderate Buy” and an average price target of $141.27.

Prologis Trading Down 7.2 %

Shares of PLD stock opened at $106.49 on Thursday. Prologis, Inc. has a 52-week low of $96.64 and a 52-week high of $137.52. The business’s fifty day moving average is $128.99 and its 200 day moving average is $122.19. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.30 and a current ratio of 0.30. The company has a market capitalization of $98.51 billion, a PE ratio of 32.37, a price-to-earnings-growth ratio of 2.31 and a beta of 1.00.

Prologis (NYSE:PLD) last issued its quarterly earnings results on Wednesday, January 17th. The real estate investment trust reported $0.68 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.26 by ($0.58). The business had revenue of $1.89 billion for the quarter, compared to the consensus estimate of $1.85 billion. Prologis had a net margin of 38.13% and a return on equity of 5.29%. The business’s revenue was up 7.8% compared to the same quarter last year. During the same quarter last year, the business posted $1.24 EPS. On average, equities research analysts anticipate that Prologis, Inc. will post 5.5 EPS for the current fiscal year.

Prologis Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Monday, March 18th were issued a $0.96 dividend. The ex-dividend date was Friday, March 15th. This represents a $3.84 annualized dividend and a dividend yield of 3.61%. This is an increase from Prologis’s previous quarterly dividend of $0.87. Prologis’s payout ratio is currently 116.72%.

Prologis Profile

Prologis, Inc is the global leader in logistics real estate with a focus on high-barrier, high-growth markets. At December 31, 2023, 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.