Physician Wealth Advisors Inc. Increases Position in Prologis, Inc. (NYSE:PLD)

Physician Wealth Advisors Inc. boosted its holdings in shares of Prologis, Inc. (NYSE:PLD) by 11.4% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,885 shares of the real estate investment trust’s stock after purchasing an additional 193 shares during the period. Physician Wealth Advisors Inc.’s holdings in Prologis were worth $245,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Guidance Capital Inc. raised its position in shares of Prologis by 9.0% during the 1st quarter. Guidance Capital Inc. now owns 4,898 shares of the real estate investment trust’s stock worth $638,000 after purchasing an additional 403 shares during the last quarter. Brown Miller Wealth Management LLC grew its stake in Prologis by 157.2% during the 1st quarter. Brown Miller Wealth Management LLC now owns 13,207 shares of the real estate investment trust’s stock valued at $1,719,000 after acquiring an additional 8,072 shares in the last quarter. Independence Bank of Kentucky grew its stake in Prologis by 38.2% during the 1st quarter. Independence Bank of Kentucky now owns 1,320 shares of the real estate investment trust’s stock valued at $172,000 after acquiring an additional 365 shares in the last quarter. Financial Management Professionals Inc. grew its stake in Prologis by 14.6% during the 1st quarter. Financial Management Professionals Inc. now owns 3,104 shares of the real estate investment trust’s stock valued at $404,000 after acquiring an additional 395 shares in the last quarter. Finally, AMF Tjanstepension AB grew its stake in Prologis by 13.8% during the 1st quarter. AMF Tjanstepension AB now owns 2,299,443 shares of the real estate investment trust’s stock valued at $299,602,000 after acquiring an additional 278,964 shares in the last quarter. 93.50% of the stock is currently owned by institutional investors and hedge funds.

Prologis Stock Performance

Shares of NYSE:PLD traded up $0.96 during midday trading on Friday, hitting $112.31. The stock had a trading volume of 5,436,382 shares, compared to its average volume of 4,492,900. The company has a market capitalization of $103.98 billion, a PE ratio of 32.84, a P/E/G ratio of 2.50 and a beta of 1.07. The stock has a 50 day moving average price of $108.14 and a two-hundred day moving average price of $121.83. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.51. Prologis, Inc. has a 1 year low of $96.64 and a 1 year high of $137.52.

Prologis Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Monday, June 17th were given a dividend of $0.96 per share. This represents a $3.84 dividend on an annualized basis and a yield of 3.42%. The ex-dividend date of this dividend was Monday, June 17th. Prologis’s payout ratio is currently 112.28%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. UBS Group dropped their price objective on shares of Prologis from $151.00 to $138.00 and set a “buy” rating for the company in a research note on Thursday, April 18th. The Goldman Sachs Group dropped their price target on shares of Prologis from $163.00 to $140.00 and set a “buy” rating for the company in a research note on Monday, April 22nd. BMO Capital Markets cut shares of Prologis from an “outperform” rating to a “market perform” rating and dropped their price target for the company from $145.00 to $112.00 in a research note on Monday, April 22nd. Mizuho dropped their price target on shares of Prologis from $130.00 to $120.00 and set a “neutral” rating for the company in a research note on Friday, May 31st. Finally, Barclays decreased their price objective on shares of Prologis from $135.00 to $123.00 and set an “overweight” rating on the stock in a report on Monday, April 29th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $129.76.

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.