Guardian Wealth Advisors LLC NC Makes New Investment in Prologis, Inc. (NYSE:PLD)

Guardian Wealth Advisors LLC NC acquired a new position in Prologis, Inc. (NYSE:PLDGet Rating) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,376 shares of the real estate investment trust’s stock, valued at approximately $222,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of PLD. Highland Capital Management LLC grew its holdings in shares of Prologis by 0.3% during the first quarter. Highland Capital Management LLC now owns 18,103 shares of the real estate investment trust’s stock worth $2,923,000 after buying an additional 60 shares in the last quarter. Gateway Investment Advisers LLC grew its holdings in shares of Prologis by 1.1% during the first quarter. Gateway Investment Advisers LLC now owns 5,780 shares of the real estate investment trust’s stock worth $933,000 after buying an additional 62 shares in the last quarter. Financial Management Professionals Inc. grew its holdings in shares of Prologis by 43.8% during the first quarter. Financial Management Professionals Inc. now owns 220 shares of the real estate investment trust’s stock worth $36,000 after buying an additional 67 shares in the last quarter. Clean Yield Group grew its holdings in shares of Prologis by 1.4% during the first quarter. Clean Yield Group now owns 5,129 shares of the real estate investment trust’s stock worth $828,000 after buying an additional 69 shares in the last quarter. Finally, WMS Partners LLC grew its holdings in shares of Prologis by 3.9% during the fourth quarter. WMS Partners LLC now owns 2,032 shares of the real estate investment trust’s stock worth $342,000 after buying an additional 76 shares in the last quarter. Institutional investors and hedge funds own 94.01% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on PLD. Jefferies Financial Group decreased their price objective on Prologis from $174.00 to $146.00 and set a “buy” rating for the company in a report on Thursday, June 30th. Wolfe Research upgraded Prologis from a “peer perform” rating to an “outperform” rating and set a $200.00 price objective for the company in a report on Wednesday, August 24th. Barclays reduced their price target on Prologis from $190.00 to $183.00 and set an “overweight” rating for the company in a research report on Thursday, July 21st. Truist Financial reduced their price target on Prologis from $166.00 to $162.00 and set a “na” rating for the company in a research report on Monday, May 16th. Finally, Raymond James reduced their price target on Prologis from $190.00 to $160.00 in a research report on Thursday, July 21st. One equities research analyst has rated the stock with a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Prologis has an average rating of “Buy” and a consensus price target of $173.38.

Prologis Stock Performance

PLD opened at $130.20 on Tuesday. Prologis, Inc. has a 12-month low of $106.46 and a 12-month high of $174.54. The stock has a market cap of $96.40 billion, a price-to-earnings ratio of 26.04, a PEG ratio of 2.78 and a beta of 0.88. The business has a 50 day moving average of $127.81 and a 200-day moving average of $137.23. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 0.46.

Prologis (NYSE:PLDGet Rating) last released its quarterly earnings data on Monday, July 18th. The real estate investment trust reported $0.82 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.12 by ($0.30). The business had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.09 billion. Prologis had a net margin of 75.72% and a return on equity of 9.85%. The business’s quarterly revenue was up 8.8% on a year-over-year basis. During the same period in the previous year, the business earned $1.01 earnings per share. On average, equities research analysts expect that Prologis, Inc. will post 5.17 earnings per share for the current year.

Prologis Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Thursday, September 15th will be paid a dividend of $0.79 per share. The ex-dividend date of this dividend is Wednesday, September 14th. This represents a $3.16 dividend on an annualized basis and a dividend yield of 2.43%. Prologis’s dividend payout ratio (DPR) is currently 63.20%.

About Prologis

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Prologis, Inc is the global leader in logistics real estate with a focus on high-barrier, high-growth markets. As of December 31, 2020, 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 984 million square feet (91 million square meters) in 19 countries.

Further Reading

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Institutional Ownership by Quarter for Prologis (NYSE:PLD)

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