FWG Holdings LLC Has $470,000 Stock Holdings in Prologis, Inc. (NYSE:PLD)

FWG Holdings LLC boosted its position in shares of Prologis, Inc. (NYSE:PLD) by 6.6% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 4,562 shares of the real estate investment trust’s stock after buying an additional 281 shares during the quarter. FWG Holdings LLC’s holdings in Prologis were worth $470,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of PLD. Murphy & Mullick Capital Management Corp acquired a new position in shares of Prologis in the 4th quarter valued at $26,000. Crowley Wealth Management Inc. bought a new stake in shares of Prologis in the 4th quarter valued at $27,000. REAP Financial Group LLC increased its position in shares of Prologis by 40.0% in the 4th quarter. REAP Financial Group LLC now owns 294 shares of the real estate investment trust’s stock valued at $31,000 after buying an additional 84 shares in the last quarter. Olde Wealth Management LLC bought a new position in Prologis during the 1st quarter worth about $43,000. Finally, Cornerstone Planning Group LLC increased its holdings in Prologis by 63.6% during the 1st quarter. Cornerstone Planning Group LLC now owns 391 shares of the real estate investment trust’s stock worth $44,000 after purchasing an additional 152 shares in the last quarter. Institutional investors and hedge funds own 93.50% of the company’s stock.

Prologis Stock Performance

Prologis stock opened at $108.52 on Wednesday. The firm’s fifty day moving average price is $107.37 and its 200-day moving average price is $109.60. The stock has a market cap of $100.70 billion, a P/E ratio of 27.13, a price-to-earnings-growth ratio of 2.77 and a beta of 1.23. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.41 and a current ratio of 0.41. Prologis, Inc. has a fifty-two week low of $85.35 and a fifty-two week high of $132.57.

Prologis (NYSE:PLD) last announced its earnings results on Wednesday, July 16th. The real estate investment trust reported $1.46 earnings per share for the quarter, beating analysts’ consensus estimates of $1.41 by $0.05. Prologis had a net margin of 44.59% and a return on equity of 6.45%. Prologis’s revenue was up 8.8% on a year-over-year basis. During the same quarter last year, the business posted $1.34 EPS. On average, equities research analysts expect that Prologis, Inc. will post 5.73 earnings per share for the current fiscal year.

Prologis Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Tuesday, June 17th were paid a $1.01 dividend. The ex-dividend date was Tuesday, June 17th. This represents a $4.04 dividend on an annualized basis and a dividend yield of 3.72%. Prologis’s dividend payout ratio (DPR) is presently 101.00%.

Analyst Upgrades and Downgrades

PLD has been the subject of several analyst reports. Robert W. Baird decreased their price objective on Prologis from $126.00 to $120.00 and set an “outperform” rating for the company in a report on Wednesday, May 7th. BMO Capital Markets cut their price objective on shares of Prologis from $105.00 to $95.00 and set an “outperform” rating for the company in a research report on Monday, April 14th. Barclays cut their price objective on shares of Prologis from $132.00 to $119.00 and set an “overweight” rating for the company in a research report on Wednesday, April 30th. Morgan Stanley lowered their target price on shares of Prologis to $120.00 and set an “outperform” rating on the stock in a report on Monday, April 14th. Finally, Wall Street Zen cut shares of Prologis from a “hold” rating to a “sell” rating in a research note on Saturday, June 14th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $120.47.

Prologis Profile

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.