Parr Mcknight Wealth Management Group LLC Makes New $1.20 Million Investment in Prologis, Inc. $PLD

Parr Mcknight Wealth Management Group LLC bought a new position in Prologis, Inc. (NYSE:PLD) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 9,391 shares of the real estate investment trust’s stock, valued at approximately $1,199,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. High Note Wealth LLC grew its position in shares of Prologis by 43.9% in the fourth quarter. High Note Wealth LLC now owns 249 shares of the real estate investment trust’s stock valued at $32,000 after purchasing an additional 76 shares during the period. Dakota Community Bank & Trust NA grew its position in shares of 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 purchasing an additional 79 shares during the period. Peddock Capital Advisors LLC grew its position in shares of 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 purchasing an additional 80 shares during the period. Foster Dykema Cabot & Partners LLC grew its position in shares of Prologis by 1.0% in the third quarter. Foster Dykema Cabot & Partners LLC now owns 8,232 shares of the real estate investment trust’s stock valued at $943,000 after purchasing an additional 83 shares during the period. Finally, Cornerstone Advisory LLC grew its holdings in Prologis by 2.4% in the 3rd quarter. Cornerstone Advisory LLC now owns 3,535 shares of the real estate investment trust’s stock valued at $405,000 after buying an additional 84 shares during the period. 93.50% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have commented on the company. Scotiabank lifted their price target on Prologis from $146.00 to $154.00 and gave the company an “outperform” rating in a report on Tuesday, April 21st. Bank of America boosted their price objective on shares of Prologis from $153.00 to $162.00 and gave the company a “buy” rating in a research note on Monday, April 20th. JPMorgan Chase & Co. boosted their price target on Prologis from $141.00 to $157.00 and gave the company an “overweight” rating in a research report on Tuesday, April 21st. Truist Financial boosted their price target on Prologis from $139.00 to $154.00 and gave the company a “buy” rating in a research report on Friday, April 24th. Finally, Mizuho boosted their price target on Prologis from $143.00 to $150.00 and gave the company an “outperform” rating in a research report on Wednesday, April 22nd. Sixteen equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Prologis presently has a consensus rating of “Moderate Buy” and an average target price of $150.52.

Prologis Price Performance

Shares of NYSE PLD opened at $143.80 on Monday. Prologis, Inc. has a 1-year low of $103.41 and a 1-year high of $147.93. The business has a 50-day moving average of $139.20 and a 200-day moving average of $134.17. 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 $134.07 billion, a price-to-earnings ratio of 36.22, a PEG ratio of 3.16 and a beta of 1.32.

Prologis (NYSE:PLD) last issued its earnings results on Thursday, April 16th. The real estate investment trust reported $1.05 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.24. The company had revenue of $2.30 billion during the quarter, compared to the consensus estimate of $2.12 billion. Prologis had a return on equity of 6.47% and a net margin of 41.54%.The company’s revenue was up 6.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.43 earnings per share. Prologis has set its FY 2026 guidance at 6.070-6.230 EPS. On average, equities analysts anticipate that Prologis, Inc. will post 6.18 EPS for the current fiscal year.

Prologis Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 16th will be given a $1.07 dividend. This represents a $4.28 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend is Tuesday, June 16th. Prologis’s dividend payout ratio is presently 107.81%.

About Prologis

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.