Werba Rubin Papier Wealth Management Purchases New Position in Prologis, Inc. (NYSE:PLD)

Werba Rubin Papier Wealth Management purchased a new stake in shares of Prologis, Inc. (NYSE:PLD) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 1,614 shares of the real estate investment trust’s stock, valued at approximately $204,000.

Several other institutional investors and hedge funds have also bought and sold shares of PLD. New Century Financial Group LLC boosted its position in Prologis by 3.3% during the 3rd quarter. New Century Financial Group LLC now owns 4,338 shares of the real estate investment trust’s stock valued at $548,000 after acquiring an additional 138 shares in the last quarter. Veracity Capital LLC boosted its position in shares of Prologis by 5.2% during the third quarter. Veracity Capital LLC now owns 2,461 shares of the real estate investment trust’s stock valued at $311,000 after purchasing an additional 121 shares in the last quarter. Wealth Alliance Advisory Group LLC grew its stake in Prologis by 3.0% in the third quarter. Wealth Alliance Advisory Group LLC now owns 7,742 shares of the real estate investment trust’s stock worth $978,000 after purchasing an additional 228 shares during the period. Embree Financial Group bought a new position in Prologis in the third quarter worth $218,000. Finally, TriaGen Wealth Management LLC bought a new position in Prologis in the third quarter worth $3,510,000. Hedge funds and other institutional investors own 93.50% of the company’s stock.

Prologis Stock Down 0.2 %

Shares of Prologis stock opened at $122.50 on Monday. Prologis, Inc. has a twelve month low of $96.64 and a twelve month high of $137.52. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 0.52. The company’s 50 day moving average is $125.43 and its 200 day moving average is $117.60. The company has a market cap of $113.42 billion, a price-to-earnings ratio of 35.82, a price-to-earnings-growth ratio of 3.05 and a beta of 1.07.

Prologis (NYSE:PLD) last released its quarterly earnings results on Wednesday, October 16th. The real estate investment trust reported $1.08 earnings per share for the quarter, missing the consensus estimate of $1.37 by ($0.29). Prologis had a net margin of 36.37% and a return on equity of 4.88%. The firm had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.91 billion. During the same period in the previous year, the company earned $1.30 earnings per share. Prologis’s quarterly revenue was up 6.9% compared to the same quarter last year. Research analysts anticipate that Prologis, Inc. will post 5.42 EPS for the current year.

Prologis Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 16th were paid a dividend of $0.96 per share. The ex-dividend date of this dividend was Monday, September 16th. This represents a $3.84 dividend on an annualized basis and a dividend yield of 3.13%. Prologis’s dividend payout ratio is currently 112.28%.

Insider Activity

In related news, CIO Joseph Ghazal sold 5,200 shares of the firm’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $129.07, for a total value of $671,164.00. Following the transaction, the executive now owns 13,187 shares of the company’s stock, valued at approximately $1,702,046.09. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.50% of the company’s stock.

Analysts Set New Price Targets

PLD has been the topic of a number of recent research reports. Morgan Stanley upped their target price on shares of Prologis from $132.00 to $133.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 14th. BMO Capital Markets restated a “market perform” rating and issued a $115.00 price objective on shares of Prologis in a report on Monday, July 15th. Royal Bank of Canada lowered shares of Prologis from an “outperform” rating to a “sector perform” rating and lifted their target price for the company from $124.00 to $127.00 in a report on Monday, August 5th. Scotiabank upped their price target on Prologis from $135.00 to $142.00 and gave the stock a “sector outperform” rating in a research note on Monday, August 26th. Finally, Truist Financial lifted their price objective on Prologis from $125.00 to $137.00 and gave the company a “buy” rating in a research note on Monday, August 5th. Seven research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $132.71.

About Prologis

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.