Wilmington Savings Fund Society FSB Invests $1.35 Million in Prologis, Inc. (NYSE:PLD)

Wilmington Savings Fund Society FSB bought a new stake in Prologis, Inc. (NYSE:PLD) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 10,674 shares of the real estate investment trust’s stock, valued at approximately $1,348,000.

Other large investors also recently bought and sold shares of the company. Semmax Financial Advisors Inc. purchased a new position in shares of Prologis in the 2nd quarter worth $27,000. American Capital Advisory LLC purchased a new position in Prologis in the second quarter worth about $26,000. Dunhill Financial LLC increased its stake in Prologis by 239.5% during the third quarter. Dunhill Financial LLC now owns 258 shares of the real estate investment trust’s stock worth $33,000 after acquiring an additional 182 shares during the last quarter. Sunbelt Securities Inc. raised its position in Prologis by 640.0% during the second quarter. Sunbelt Securities Inc. now owns 259 shares of the real estate investment trust’s stock valued at $29,000 after purchasing an additional 224 shares during the period. Finally, Wetzel Investment Advisors Inc. purchased a new stake in Prologis during the second quarter valued at approximately $31,000. Institutional investors own 93.50% of the company’s stock.

Analyst Ratings Changes

PLD has been the subject of a number of recent research reports. JPMorgan Chase & Co. dropped their target price on Prologis from $138.00 to $131.00 and set an “overweight” rating for the company in a report on Monday, October 21st. The Goldman Sachs Group reiterated a “neutral” rating and set a $132.00 price objective (down previously from $142.00) on shares of Prologis in a research report on Monday, October 21st. Scotiabank lowered their target price on shares of Prologis from $136.00 to $134.00 and set a “sector outperform” rating for the company in a report on Wednesday, December 4th. Raymond James reissued an “outperform” rating and issued a $125.00 price objective (down from $130.00) on shares of Prologis in a research report on Wednesday. Finally, Evercore ISI boosted their target price on Prologis from $124.00 to $128.00 and gave the company an “in-line” rating in a research report on Monday, September 16th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $128.88.

Prologis Trading Down 0.5 %

Shares of NYSE PLD opened at $111.13 on Friday. Prologis, Inc. has a twelve month low of $101.11 and a twelve month high of $137.52. The firm has a market cap of $102.93 billion, a PE ratio of 33.57, a price-to-earnings-growth ratio of 3.27 and a beta of 1.07. The business has a fifty day simple moving average of $116.44 and a two-hundred day simple moving average of $119.10. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.56.

Prologis (NYSE:PLD) last released its quarterly earnings data 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 39.08% and a return on equity of 5.34%. The firm had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.91 billion. During the same quarter in the previous year, the firm earned $1.30 earnings per share. The business’s revenue was up 6.9% compared to the same quarter last year. Analysts expect that Prologis, Inc. will post 5.45 earnings per share for the current fiscal year.

Prologis Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be paid a dividend of $0.96 per share. The ex-dividend date of this dividend is Monday, December 16th. This represents a $3.84 dividend on an annualized basis and a dividend yield of 3.46%. Prologis’s dividend payout ratio is presently 116.01%.

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.