Arkadios Wealth Advisors Boosts Stock Position in Prologis, Inc. (NYSE:PLD)

Arkadios Wealth Advisors boosted its holdings in Prologis, Inc. (NYSE:PLD – Get Rating) by 16.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,303 shares of the real estate investment trust’s stock after buying an additional 1,145 shares during the quarter. Arkadios Wealth Advisors’ holdings in Prologis were worth $936,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of PLD. Price T Rowe Associates Inc. MD increased its holdings in Prologis by 27.6% in the third quarter. Price T Rowe Associates Inc. MD now owns 13,071,004 shares of the real estate investment trust’s stock valued at $1,328,016,000 after buying an additional 2,823,799 shares during the last quarter. PGGM Investments purchased a new position in Prologis in the third quarter valued at $183,115,000. Massachusetts Financial Services Co. MA increased its holdings in Prologis by 49.0% in the third quarter. Massachusetts Financial Services Co. MA now owns 5,138,858 shares of the real estate investment trust’s stock valued at $522,109,000 after buying an additional 1,691,045 shares during the last quarter. FMR LLC boosted its stake in Prologis by 6.0% in the second quarter. FMR LLC now owns 24,083,514 shares of the real estate investment trust’s stock valued at $2,833,425,000 after acquiring an additional 1,361,120 shares in the last quarter. Finally, Great West Life Assurance Co. Can acquired a new position in Prologis in the third quarter valued at $134,276,000. Hedge funds and other institutional investors own 75.84% of the company’s stock.

Prologis Price Performance

Shares of PLD opened at $116.03 on Friday. Prologis, Inc. has a fifty-two week low of $98.03 and a fifty-two week high of $174.54. The company has a market capitalization of $107.15 billion, a price-to-earnings ratio of 26.67, a price-to-earnings-growth ratio of 3.07 and a beta of 0.99. The firm has a 50-day simple moving average of $124.51 and a 200-day simple moving average of $116.61. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.16 and a current ratio of 0.16.

Prologis (NYSE:PLD – Get Rating) last announced its quarterly earnings data on Wednesday, January 18th. The real estate investment trust reported $1.24 EPS for the quarter, beating analysts’ consensus estimates of $1.21 by $0.03. The firm had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.46 billion. Prologis had a net margin of 56.33% and a return on equity of 7.71%. The firm’s revenue was up 37.2% compared to the same quarter last year. During the same quarter last year, the firm earned $1.12 earnings per share. On average, equities research analysts anticipate that Prologis, Inc. will post 5.52 earnings per share for the current year.

Prologis Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 31st. Investors of record on Friday, March 17th will be given a $0.87 dividend. The ex-dividend date is Thursday, March 16th. This represents a $3.48 dividend on an annualized basis and a yield of 3.00%. This is an increase from Prologis’s previous quarterly dividend of $0.79. Prologis’s dividend payout ratio (DPR) is presently 80.00%.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. Barclays decreased their price objective on shares of Prologis from $162.00 to $160.00 and set an “overweight” rating for the company in a research note on Tuesday, January 31st. JPMorgan Chase & Co. downgraded shares of Prologis from an “overweight” rating to a “neutral” rating and upped their price objective for the company from $124.00 to $130.00 in a research note on Friday, December 16th. Morgan Stanley upped their price objective on shares of Prologis from $121.00 to $128.00 and gave the company an “overweight” rating in a research note on Monday, January 23rd. Citigroup upped their price objective on shares of Prologis to $140.00 in a research note on Wednesday, December 14th. Finally, Wells Fargo & Company upped their price objective on shares of Prologis to $141.00 in a research note on Wednesday, December 14th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $145.00.

Prologis Profile

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Prologis, Inc engages in providing logistics solutions and services. It operates through the Real Estate and Strategic Capital segments. The Real Estate segment includes rental operations and development. The Strategic Capital segment represents the management of co-investment ventures and other unconsolidated entities.