Signet Financial Management LLC Has $351,000 Stake in Prologis, Inc. (NYSE:PLD)

Signet Financial Management LLC decreased its holdings in shares of Prologis, Inc. (NYSE:PLD) by 3.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,631 shares of the real estate investment trust’s stock after selling 99 shares during the quarter. Signet Financial Management LLC’s holdings in Prologis were worth $351,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Columbia Trust Co 01012016 grew its position in shares of Prologis by 16.0% during the 4th quarter. Columbia Trust Co 01012016 now owns 5,240 shares of the real estate investment trust’s stock worth $698,000 after buying an additional 723 shares during the period. Cyndeo Wealth Partners LLC grew its position in shares of Prologis by 39.4% during the 4th quarter. Cyndeo Wealth Partners LLC now owns 42,005 shares of the real estate investment trust’s stock worth $5,599,000 after buying an additional 11,882 shares during the period. DNB Asset Management AS grew its holdings in Prologis by 17.1% during the fourth quarter. DNB Asset Management AS now owns 287,505 shares of the real estate investment trust’s stock valued at $38,324,000 after purchasing an additional 42,073 shares during the period. Grassi Investment Management grew its holdings in Prologis by 31.8% during the fourth quarter. Grassi Investment Management now owns 252,146 shares of the real estate investment trust’s stock valued at $33,611,000 after purchasing an additional 60,900 shares during the period. Finally, Selway Asset Management acquired a new position in Prologis during the third quarter valued at approximately $177,000. Institutional investors and hedge funds own 93.50% of the company’s stock.

Prologis Stock Performance

Shares of PLD stock opened at $114.73 on Wednesday. The company’s fifty day simple moving average is $129.44 and its 200-day simple moving average is $122.30. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.50. The firm has a market cap of $106.13 billion, a PE ratio of 34.87, a P/E/G ratio of 2.31 and a beta of 1.00. Prologis, Inc. has a 12 month low of $96.64 and a 12 month high of $137.52.

Prologis (NYSE:PLD) last announced its quarterly earnings data on Wednesday, January 17th. The real estate investment trust reported $0.68 EPS for the quarter, missing analysts’ consensus estimates of $1.26 by ($0.58). The business had revenue of $1.89 billion during the quarter, compared to the consensus estimate of $1.85 billion. Prologis had a return on equity of 5.29% and a net margin of 38.13%. The business’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.24 EPS. Equities research analysts expect that Prologis, Inc. will post 5.5 EPS for the current fiscal year.

Prologis Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Monday, March 18th were given a dividend of $0.96 per share. This is a positive change from Prologis’s previous quarterly dividend of $0.87. This represents a $3.84 annualized dividend and a yield of 3.35%. The ex-dividend date of this dividend was Friday, March 15th. Prologis’s dividend payout ratio is 116.72%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on PLD shares. Royal Bank of Canada boosted their price objective on shares of Prologis from $128.00 to $145.00 and gave the company an “outperform” rating in a report on Friday, February 16th. Barclays decreased their price objective on shares of Prologis from $153.00 to $141.00 and set an “overweight” rating for the company in a report on Wednesday, March 27th. Mizuho restated a “neutral” rating and set a $130.00 price objective on shares of Prologis in a report on Tuesday, April 2nd. Evercore ISI restated an “in-line” rating and set a $136.00 price objective on shares of Prologis in a report on Monday, March 18th. Finally, Raymond James lifted their price target on shares of Prologis from $130.00 to $145.00 and gave the company a “strong-buy” rating in a research note on Wednesday, January 24th. Four investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $141.67.

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.